Inside Winset: How a Rules-Based Algorithm Has Stayed Profitable Through 6 Years of Market Cycles

Most trading strategies look good for a season. Very few survive rate hikes, liquidity shocks, election cycles and the long, quiet months where nothing seems to move. Winset, an algorithmic trading research firm, says its edge is not a single brilliant trade but the discipline to keep doing the same thing, the same way, for years.

The firm’s proprietary algorithm, Rudin, has been trading for six years. According to Winset, it has closed every month and every year in profit since its inception. In 2023 the firm launched publicly, and since then its track record has been public and independently verified on Myfxbook. Here is how the firm approaches trading, risk and growth.

Built on mathematics, not guesswork

Winset was co-founded by Omar Shami and Leon Cases. Shami is a mathematician: he completed his master’s degree at the American University of Beirut and taught mathematics before turning to the markets. After several years in crypto, he set out to find trading algorithms whose records would stand up to scrutiny, and that search led him to Rudin. Cases, the firm’s COO, spent twelve years with the United Nations, including senior operations roles at UNICEF’s Supply Division in Copenhagen and its Latin America and Caribbean office in Panama. He has been an investor across different markets since 2019.

That mathematical grounding is the point. Rudin is a mathematical model before it is anything else: it doesn’t read charts, follow the news or try to predict where the market goes next. It applies statistical rules built on probability, tested against close to twenty years of market data, and it makes the same decision every time it meets the same conditions. That is what makes its behaviour something that can be measured, tested and checked, rather than taken on trust.

Rudin: consistency over excitement

Rudin is a fully systematic strategy. Every entry, exit and position size is defined by rules, which removes the emotional decisions that sink most discretionary traders. Its creator describes it as a dynamic hedging, mean reversion system. It trades EUR/USD, with an average trade duration of around six hours.

What sets it apart, according to the team, is not the rules themselves but how strictly they are followed:

• No overrides. The system trades as designed, through the good months and the not so good ones.
• Risk first. Position sizing is set to protect capital before chasing return. The strategy’s worst historical drawdown was 24%, and it lasted three hours.
• A stable mathematical model. Research is continuous, but Rudin is a mathematical model and it has remained mostly unchanged since 2020. The firm treats its own track record as the only benchmark that matters.

Clients keep control of their money

Winset operates on a non-custodial model. Clients open trading accounts in their own name and connect them to Rudin. Winset works almost exclusively with the largest retail broker in the market. It never holds client funds, and clients can deposit or withdraw at any time directly with their broker.

The firm is paid through a performance fee on profits and a small management fee of 0.17% per month.

Strategy risk is only half the picture

Most conversations about trading risk stop at the strategy: drawdowns, volatility, losing streaks. Winset argues that clients face a second layer of risk that gets far less attention, and it sits with the broker. Execution quality, slippage, sudden changes to trading conditions, withdrawal delays and disputes over trades can all hurt a client even when the strategy itself performs as expected.

Winset treats broker selection as part of risk management. The team monitors execution on live accounts, reviews the brokers it works with on an ongoing basis, and moves away from any that stop meeting its standards. When a dispute does arise, the firm stays with its clients and pursues it through the proper channels rather than walking away.

The next step: working with partners

With an algorithm life of over six years and a public, verifiable track record covering the past three, Winset is opening its model to a select group of partners: introducing brokers, IB networks and money managers who want to offer their clients a consistent, rules-based strategy.

The pitch to partners is built on retention. Most IB and referral businesses in retail CFDs are paid on trading volume, and they lose income as clients lose money and leave. Winset argues that clients whose accounts are growing tend to stay for years, which gives partners a book that builds over time instead of resetting.

“We’ve spent years proving the strategy,” Cases says. “Now we want to work with people who already have the client relationships and want something they can recommend with confidence.”

Introducing brokers, IB networks and money managers interested in the Winset partner program can reach the team at info@winset.io.