Stats

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":33.33333333333333,"mean":-0.5531029621471322,"avgwin":0.8787196834513612,"avgloss":1.2690142849463788,"quarterkelly":0,"worst":-2.5863062413491567,"return":-28.576854676216957,"drawdown":28.976773229565655,"exit_counts":{"stop":31,"target":12,"stop_gap":8,"target_gap":6,"time":3},"ambiguous":0,"mean_ci_pct":[-0.8082407957744293,-0.30118584653008107]},"IWM":{"sample":60,"win_rate":41.66666666666667,"mean":-0.3865405879377058,"avgwin":1.5256565269446192,"avgloss":1.7523956699965093,"quarterkelly":0,"worst":-2.890145747628914,"return":-21.41067758992998,"drawdown":26.175740435171413,"exit_counts":{"stop":28,"target":21,"stop_gap":6,"target_gap":3,"time":2},"ambiguous":0,"mean_ci_pct":[-0.9047500372243287,0.12677697011672506]},"portfolio_return":-24.109690419641506,"portfolio_drawdown":24.780145121741846}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":33.33333333333333,"mean":-0.35400992571520645,"avgwin":1.0806792338383275,"avgloss":1.0713545054919735,"quarterkelly":0,"worst":-2.391283685008594,"return":-19.470618048704374,"drawdown":20.001483554288026,"exit_counts":{"stop":31,"target":12,"stop_gap":8,"target_gap":6,"time":3},"ambiguous":0,"mean_ci_pct":[-0.6094406192139337,-0.09971977236506449]},"IWM":{"sample":60,"win_rate":41.66666666666667,"mean":-0.18711409304881133,"avgwin":1.7289112471597745,"avgloss":1.5557036217692297,"quarterkelly":0,"worst":-2.6957314790448605,"return":-11.390774895674417,"drawdown":23.086113229801995,"exit_counts":{"stop":28,"target":21,"stop_gap":6,"target_gap":3,"time":2},"ambiguous":0,"mean_ci_pct":[-0.7043308923619324,0.3328153548709612]},"portfolio_return":-14.433903759153777,"portfolio_drawdown":18.173201816722706}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":31.666666666666664,"mean":-0.5123185640223887,"avgwin":1.2249370765631251,"avgloss":1.3173882511229926,"quarterkelly":0,"worst":-3.1815316322773457,"return":-26.938225933749116,"drawdown":27.347319636598456,"exit_counts":{"stop":27,"time":11,"target":11,"stop_gap":6,"target_gap":5},"ambiguous":0,"mean_ci_pct":[-0.8705880670381632,-0.16722805614162373]},"IWM":{"sample":60,"win_rate":41.66666666666667,"mean":-0.433025849229463,"avgwin":1.6975763616731703,"avgloss":1.9548845713027725,"quarterkelly":0,"worst":-3.5257708418437894,"return":-23.802244044248447,"drawdown":30.480539064810188,"exit_counts":{"stop":28,"target":11,"time":10,"target_gap":6,"stop_gap":5},"ambiguous":0,"mean_ci_pct":[-0.9867299169353284,0.14491955505015985]},"portfolio_return":-24.09612715073399,"portfolio_drawdown":25.248239892620226}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":31.666666666666664,"mean":-0.3131438770824653,"avgwin":1.427589755384601,"avgloss":1.1198253165184229,"quarterkelly":0,"worst":-2.9877007192556926,"return":-17.62306906048268,"drawdown":21.32923828793889,"exit_counts":{"stop":27,"time":11,"target":11,"stop_gap":6,"target_gap":5},"ambiguous":0,"mean_ci_pct":[-0.6727504570270106,0.030426563291928107]},"IWM":{"sample":60,"win_rate":41.66666666666667,"mean":-0.23369241799660584,"avgwin":1.9011752660000356,"avgloss":1.7585979065656354,"quarterkelly":0,"worst":-3.3326290969262318,"return":-14.087258893804677,"drawdown":27.571072460280877,"exit_counts":{"stop":28,"target":11,"time":10,"target_gap":6,"stop_gap":5},"ambiguous":0,"mean_ci_pct":[-0.8025566048237969,0.3334061978386031]},"portfolio_return":-14.418611214175403,"portfolio_drawdown":22.06813393000916}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":33.33333333333333,"mean":-0.4937410183732025,"avgwin":1.2885546072867526,"avgloss":1.3848888312031802,"quarterkelly":0,"worst":-3.1815316322773457,"return":-26.149479181698588,"drawdown":26.562989302483853,"exit_counts":{"stop":24,"time":14,"target":11,"stop_gap":6,"target_gap":5},"ambiguous":0,"mean_ci_pct":[-0.8884585875861224,-0.11406985577770268]},"IWM":{"sample":60,"win_rate":45,"mean":-0.41404789327947794,"avgwin":1.5903373651384871,"avgloss":2.053999468348722,"quarterkelly":0,"worst":-3.5257708418437894,"return":-22.929592202646095,"drawdown":30.480539064810188,"exit_counts":{"stop":26,"time":12,"target":11,"target_gap":6,"stop_gap":5},"ambiguous":0,"mean_ci_pct":[-0.9850229555668926,0.17362149701384771]},"portfolio_return":-24.060670266126937,"portfolio_drawdown":25.850337028049175}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":33.33333333333333,"mean":-0.2945291391217747,"avgwin":1.4913346486277168,"avgloss":1.1874610329965205,"quarterkelly":0,"worst":-2.9877007192556926,"return":-16.73375946524187,"drawdown":20.477168617650122,"exit_counts":{"stop":24,"time":14,"target":11,"stop_gap":6,"target_gap":5},"ambiguous":0,"mean_ci_pct":[-0.6905987476232384,0.0873275355915378]},"IWM":{"sample":60,"win_rate":45,"mean":-0.2146764681122909,"avgwin":1.7937215766184165,"avgloss":1.8579112319828697,"quarterkelly":0,"worst":-3.3326290969262318,"return":-13.10334656196436,"drawdown":27.571072460280877,"exit_counts":{"stop":26,"time":12,"target":11,"target_gap":6,"stop_gap":5},"ambiguous":0,"mean_ci_pct":[-0.774056076679098,0.3598478822545628]},"portfolio_return":-14.378633683217078,"portfolio_drawdown":22.695845615352372}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":38.333333333333336,"mean":-0.5220446969261033,"avgwin":1.5704800047407046,"avgloss":1.8228032952595243,"quarterkelly":0,"worst":-5.595890260034519,"return":-27.926942188750818,"drawdown":29.3937518966256,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-0.9494345995284358,-0.11426221283177679]},"IWM":{"sample":60,"win_rate":46.666666666666664,"mean":-0.6973616222513102,"avgwin":1.5494366571213811,"avgloss":2.663310116702415,"quarterkelly":0,"worst":-7.4647245583241535,"return":-35.726776439888184,"drawdown":40.87490186964485,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-1.2899203422375403,-0.09068858347562941]},"portfolio_return":-29.814993098213172,"portfolio_drawdown":31.725807872804946}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":40,"mean":-0.32288948173834764,"avgwin":1.7025609793739054,"avgloss":1.6731897891465162,"quarterkelly":0,"worst":-5.406892901447968,"return":-18.73784367002339,"drawdown":22.206382789286415,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-0.761479295985527,0.08544783961316062]},"IWM":{"sample":60,"win_rate":46.666666666666664,"mean":-0.49855739216253836,"avgwin":1.7527389852405046,"avgloss":2.4684417223902013,"quarterkelly":0,"worst":-7.2794686125530745,"return":-27.532133374280953,"drawdown":36.714541438829414,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-1.0921638231656152,0.12097433113459148]},"portfolio_return":-20.8666154028044,"portfolio_drawdown":26.015785983414407}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":40,"mean":-0.45527366589125223,"avgwin":1.700161021196986,"avgloss":1.8922301239500776,"quarterkelly":0,"worst":-6.055381329155574,"return":-25.149062672834415,"drawdown":29.309168553048014,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-1.0035406331975347,0.024752591706999873]},"IWM":{"sample":60,"win_rate":48.333333333333336,"mean":-0.6069232057786861,"avgwin":1.8081613151369234,"avgloss":2.866195822119095,"quarterkelly":0,"worst":-8.37363471690723,"return":-32.38137837171406,"drawdown":43.129032402791964,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-1.3047777733461294,0.12985818514410147]},"portfolio_return":-27.14079811631206,"portfolio_drawdown":32.6108078407096}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. holdout: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":60,"win_rate":41.66666666666667,"mean":-0.25598477486533083,"avgwin":1.827721784024197,"avgloss":1.744346602643565,"quarterkelly":0,"worst":-5.867303873299933,"return":-15.605792854593458,"drawdown":25.184244312482885,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-0.8039118822120892,0.22672599681316433]},"IWM":{"sample":60,"win_rate":50,"mean":-0.4079379176631524,"avgwin":1.9503254309429179,"avgloss":2.766201266269223,"quarterkelly":0,"worst":-8.190198412459381,"return":-23.760207094783755,"drawdown":39.12728474003154,"exit_counts":{"time":60},"ambiguous":0,"mean_ci_pct":[-1.1081294791488856,0.30872193916407276]},"portfolio_return":-17.851468588231846,"portfolio_drawdown":28.669948103804877}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":47.45762711864407,"mean":-0.1957573993577271,"avgwin":1.089886619589124,"avgloss":1.3569842551806892,"quarterkelly":0,"worst":-5.726520549591063,"return":-11.575395864137374,"drawdown":16.49748709719573,"exit_counts":{"time":25,"stop":20,"target":11,"target_gap":3},"ambiguous":0,"mean_ci_pct":[-0.6350255781130311,0.24624480887870215]},"IWM":{"sample":59,"win_rate":54.23728813559322,"mean":-0.09686801310574875,"avgwin":1.4622907276187418,"avgloss":1.9447598539644042,"quarterkelly":0,"worst":-6.463794885905405,"return":-6.722116142443769,"drawdown":15.956789813250216,"exit_counts":{"time":25,"stop":18,"target":11,"stop_gap":3,"target_gap":2},"ambiguous":0,"mean_ci_pct":[-0.5090033561586979,0.31854463707001335]},"portfolio_return":-7.858732322364659,"portfolio_drawdown":12.23382201686649}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":52.54237288135594,"mean":0.0040510441433976195,"avgwin":1.177908872640079,"avgloss":1.2955772659779283,"quarterkelly":0.0008597957442832704,"worst":-5.537784713302097,"return":-0.500722176790498,"drawdown":14.895684379912788,"exit_counts":{"time":25,"stop":20,"target":11,"target_gap":3},"ambiguous":0,"mean_ci_pct":[-0.4317498941015847,0.4521418802360194]},"IWM":{"sample":59,"win_rate":55.932203389830505,"mean":0.10313840729326143,"avgwin":1.6189286580058768,"avgloss":1.8207492186112122,"quarterkelly":0.015926953726963858,"worst":-6.276535075421874,"return":4.9604029489787305,"drawdown":11.907888614833862,"exit_counts":{"time":25,"stop":18,"target":11,"stop_gap":3,"target_gap":2},"ambiguous":0,"mean_ci_pct":[-0.30404229255149273,0.5131683490699077]},"portfolio_return":3.6814321221426027,"portfolio_drawdown":8.977276852581916}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":49.152542372881356,"mean":-0.027618012411513126,"avgwin":0.942996394595538,"avgloss":0.9658786058516626,"quarterkelly":0,"worst":-1.9941435640752903,"return":-2.034607580905072,"drawdown":8.24929894634694,"exit_counts":{"target":22,"stop":19,"time":8,"stop_gap":6,"target_gap":4},"ambiguous":0,"mean_ci_pct":[-0.3401600104063655,0.3007500400258282]},"IWM":{"sample":59,"win_rate":42.3728813559322,"mean":-0.3737012863505389,"avgwin":1.1756223369204486,"avgloss":1.5129098328733237,"quarterkelly":0,"worst":-4.567312435130755,"return":-20.371428333895516,"drawdown":24.25267809141375,"exit_counts":{"stop":32,"target":19,"time":4,"target_gap":3,"stop_gap":1},"ambiguous":0,"mean_ci_pct":[-0.7281537719630713,0.002303404332321804]},"portfolio_return":-7.922888593220579,"portfolio_drawdown":10.844367846081216}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":50.847457627118644,"mean":0.17252704673161207,"avgwin":1.1093806166763016,"avgloss":0.7966318187284117,"quarterkelly":0.038879137632786054,"worst":-1.797935495979297,"return":10.234995029103924,"drawdown":6.291335403113296,"exit_counts":{"target":22,"stop":19,"time":8,"stop_gap":6,"target_gap":4},"ambiguous":0,"mean_ci_pct":[-0.1350752315618825,0.48852042580555505]},"IWM":{"sample":59,"win_rate":42.3728813559322,"mean":-0.17424908713486292,"avgwin":1.3781762874603087,"avgloss":1.3157383331607244,"quarterkelly":0,"worst":-4.376255860133583,"return":-10.39840718203734,"drawdown":15.021165975557105,"exit_counts":{"stop":32,"target":19,"time":4,"target_gap":3,"stop_gap":1},"ambiguous":0,"mean_ci_pct":[-0.5265845977966798,0.19870473026857882]},"portfolio_return":3.609240646926226,"portfolio_drawdown":5.876893526873883}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":49.152542372881356,"mean":0.0048813599220781,"avgwin":1.1251060506325965,"avgloss":1.0780025077647561,"quarterkelly":0.0010846444029284086,"worst":-2.168815208713004,"return":-0.33277195127840287,"drawdown":9.967964931118246,"exit_counts":{"stop":20,"time":15,"target":15,"stop_gap":5,"target_gap":4},"ambiguous":0,"mean_ci_pct":[-0.3895636106918752,0.40984624942827197]},"IWM":{"sample":59,"win_rate":47.45762711864407,"mean":-0.22437824586295638,"avgwin":1.4367100319323676,"avgloss":1.7247160451619585,"quarterkelly":0,"worst":-5.983253656826115,"return":-13.369665986760971,"drawdown":22.255553411263673,"exit_counts":{"stop":24,"target":17,"time":13,"stop_gap":5},"ambiguous":0,"mean_ci_pct":[-0.6375527488931818,0.18290095118756225]},"portfolio_return":-5.736240140215687,"portfolio_drawdown":10.031284294057595}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":50.847457627118644,"mean":0.20509148292252702,"avgwin":1.285772382209489,"avgloss":0.9128542749605373,"quarterkelly":0.039877097564130076,"worst":-1.972956833861772,"return":12.14997579465512,"drawdown":7.965374815999294,"exit_counts":{"stop":20,"time":15,"target":15,"stop_gap":5,"target_gap":4},"ambiguous":0,"mean_ci_pct":[-0.18205524853075558,0.6093729018271586]},"IWM":{"sample":59,"win_rate":49.152542372881356,"mean":-0.024627101396849153,"avgwin":1.5877682042710826,"avgloss":1.58327589687585,"quarterkelly":0,"worst":-5.795031801117667,"return":-2.5197143245697133,"drawdown":16.284244112488654,"exit_counts":{"stop":24,"target":17,"time":13,"stop_gap":5},"ambiguous":0,"mean_ci_pct":[-0.4405718180148237,0.39913400855420034]},"portfolio_return":6.069754256836624,"portfolio_drawdown":6.872909529018745}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":49.152542372881356,"mean":-0.02186518516947261,"avgwin":1.1251060506325965,"avgloss":1.130604046444806,"quarterkelly":0,"worst":-2.168815208713004,"return":-1.910707802605282,"drawdown":9.967964931118233,"exit_counts":{"stop":22,"time":16,"target":15,"target_gap":4,"stop_gap":2},"ambiguous":0,"mean_ci_pct":[-0.4105619591253449,0.3880131875854772]},"IWM":{"sample":59,"win_rate":50.847457627118644,"mean":-0.24236664555551554,"avgwin":1.351745213125785,"avgloss":1.8914478786741022,"quarterkelly":0,"worst":-5.983253656826115,"return":-14.299970259648251,"drawdown":22.3851803256785,"exit_counts":{"stop":23,"target":17,"time":15,"stop_gap":4},"ambiguous":0,"mean_ci_pct":[-0.6512522312202368,0.1908564045627393]},"portfolio_return":-8.56284813631646,"portfolio_drawdown":12.648388470819416}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":52.54237288135594,"mean":0.17829139115395584,"avgwin":1.2495795730904196,"avgloss":1.0077776674185575,"quarterkelly":0.03567027562578738,"worst":-1.972956833861772,"return":10.374412542857295,"drawdown":8.241784315062517,"exit_counts":{"stop":22,"time":16,"target":15,"target_gap":4,"stop_gap":2},"ambiguous":0,"mean_ci_pct":[-0.2222175864848456,0.591736637228405]},"IWM":{"sample":59,"win_rate":52.54237288135594,"mean":-0.042651513928642346,"avgwin":1.508735604052189,"avgloss":1.7602586802645628,"quarterkelly":0,"worst":-5.795031801117667,"return":-3.5665338632344175,"drawdown":16.423827267296154,"exit_counts":{"stop":23,"target":17,"time":15,"stop_gap":4},"ambiguous":0,"mean_ci_pct":[-0.460890294825435,0.3849808077591216]},"portfolio_return":2.8891298474898797,"portfolio_drawdown":6.88228225795463}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":52.54237288135594,"mean":0.002812140933277913,"avgwin":1.075106565137639,"avgloss":1.1843709715786934,"quarterkelly":0.000653921440084887,"worst":-6.9997120290290145,"return":-0.6771652215738414,"drawdown":11.948003013596221,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.5153457124369941,0.49396807355953243]},"IWM":{"sample":59,"win_rate":57.6271186440678,"mean":0.001057137169988715,"avgwin":1.3653685233624469,"avgloss":1.8544063480517545,"quarterkelly":0.00019356260817141036,"worst":-8.458431887366691,"return":-1.4379678985001987,"drawdown":22.273741829048767,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.5608584410831037,0.5206462461924163]},"portfolio_return":-0.8574056159139642,"portfolio_drawdown":12.224104890489363}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":62.71186440677966,"mean":0.20301812135006014,"avgwin":1.088689550220283,"avgloss":1.286520190840769,"quarterkelly":0.04661983788422097,"worst":-6.813525126544395,"return":11.762449245721553,"drawdown":10.160487883635405,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.30195934883714354,0.698477377887694]},"IWM":{"sample":59,"win_rate":61.016949152542374,"mean":0.20125960406308388,"avgwin":1.4885191577571142,"avgloss":1.8135814365014853,"quarterkelly":0.033801984175726024,"worst":-8.275165347151303,"return":10.906360404161205,"drawdown":19.263304699390115,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.3601065362262955,0.723339175229596]},"portfolio_return":11.55963477743349,"portfolio_drawdown":10.9711666453424}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 15bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":54.23728813559322,"mean":-0.12860583137905834,"avgwin":1.127011784947462,"avgloss":1.616745228506786,"quarterkelly":0,"worst":-14.874106212911254,"return":-9.138412618595567,"drawdown":21.61888736747911,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.8443207825777838,0.46662368191948317]},"IWM":{"sample":59,"win_rate":59.32203389830508,"mean":-0.07365534043905375,"avgwin":1.5630669539436655,"avgloss":2.4605420197471863,"quarterkelly":0,"worst":-15.806115492151973,"return":-6.961994128693356,"drawdown":32.64990061241362,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.8938948748282268,0.6452435223648141]},"portfolio_return":-8.461290978540303,"portfolio_drawdown":24.383400699293368}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Frozen protocol1388–1389. OEF is primary; SPY and IWM are comparison sleeves, not alternatives selected for better returns. train: development2016–2020, holdout2021–2025, extensionJan–Aug2026 complete windows, with only within-partition entries/exits. Common20-session warmup removes January2016 only. Week3 by calendar Friday ordinal; holidays use last actual session. Parent previousweek lastclose to currentweek lastclose; open firstopen to lastclose; managed stop1 lagged20session ADR/target1.5ADR, narrow .75/1.125, wide1.25/1.875; breakeven raises stop next session after +1ADR high. Stop-first OHLC ambiguity, adverse gap at open, favorable gap capped at target; time exit lastclose. Vectorbt explicit longonly, fee1bp plus 5bp slippage per side, 1000USD each independent sleeve, idle cash0. Every final cash return reconciles compounded cash trade returns and trade count. Drawdown observed at open/close marks, not full intraday. No live15min fills, cash-dividend accounting, partial-taking or wholelot replication claimed. Mean CI from10,000 quarter-block samples, not independent daily or crossasset observations. Holdout historically reused across other strategies, not pristine research-wide OOS. OEF figures below; comparison figures and equal-sleeve portfolio: {"SPY":{"sample":59,"win_rate":59.32203389830508,"mean":0.07133704979652992,"avgwin":1.2192402458778797,"avgloss":1.602688444488772,"quarterkelly":0.014627357085224335,"worst":-14.703683875182582,"return":2.241479220301619,"drawdown":17.628140646134728,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.6583171186963258,0.6645397273794538]},"IWM":{"sample":59,"win_rate":61.016949152542374,"mean":0.1263975518120015,"avgwin":1.7221834468632167,"avgloss":2.3713542839203354,"quarterkelly":0.01834844482482717,"worst":-15.637559040267057,"return":4.690481622999698,"drawdown":30.041345348674298,"exit_counts":{"time":59},"ambiguous":0,"mean_ci_pct":[-0.7112879271731101,0.8506902042904401]},"portfolio_return":3.003406455853086,"portfolio_drawdown":21.454673348843745}. All datapoints recorded in matching observations. Source https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=OEF,SPY,IWM&timeframe=1Day&feed=sip&adjustment=all ; https://www.sciencedirect.com/science/article/pii/S0378426613003051 .

Start: quant $245.69 cash; goal repeatable positive net weekly returns; binding constraint independently validated executable edge. 1. Stivers/Sun 2013 report a third-Friday-week effect for S&P 100 stocks in 1988–2010. Counterexample: historical association and proposed delta unwinds do not identify current signed dealer positions. 2. Cboe reports SPX 0DTE represented 59% of 2025 volume. Counterexample: volume is not exposure; Cboe's own May 2025 analysis estimates small net gamma hedging, and SPX differs from individual-stock monthly options. 3. OEF tracks the S&P 100, but ETF prices, expenses and execution differ from the original index/stock tests. Conclusion: freeze a separate OEF test with SPY/IWM controls, not assume the paper's Sharpe is a tradable probability. Validity is sound as a reason to test, not to buy. Empirical soundness remains limited: publisher abstract/introduction indexed and read, full paper unavailable after 403; exact original weekly endpoints unverified, so parent is explicitly an operational proxy. SSRN and publisher share authors, not independent evidence. No current signed order flow or historical constituent universe. Full-rule notes1388–1389 precede price-result inspection. Sources https://www.sciencedirect.com/science/article/pii/S0378426613003051 ; https://www.cboe.com/insights/posts/the-state-of-the-options-industry-2025 ; https://www.cboe.com/insights/posts/0-dt-es-decoded-positioning-trends-and-market-impact ; https://www.blackrock.com/us/individual/products/239723/ishares-sp-100-etf .

P1 actual05:45job119note1380containsfullPDFfingerprints,notjustexit0. P2direct06:03UTCbothfilesmatchbaselineexactly. P3actualjob84note1379showsall3clinicalissuerlistings; itispartialkeywordcoverage. Conclusionretainclinicaluncertaintyandzeroallocation; nochangedITT/safety/FDAalignmentincheckedPDFs. FullPDFbaseline15/31vs4/34relatedgrade>=3eventsand11/31vs5/34discontinuationisnotnewresultthisrun. Issuerhasincentivetoframefavorableefficacy; signedFDAalignmentandindependentcostedclinicaldriftruleabsent. Resolve113andhandoff08UTC; retainTYRA47/IRD48andjob84. Source https://inhibrx.com/hexagon-slides/ ; https://inhibrx.com/investor-deck/ .

Start state: quant245.69USD cash, account850.99USD; open0, pending0, closing0 independently verified. Goal: positive repeatable net returns. Binding constraint: independently validated executable edge. Premise1: primary research documents a four-session calendar pattern but disagrees on mechanism; newer eight-session evidence is not the same rule. Premise2: frozen 2019–2025 managed ETF test has332 trades across83 months, return-10.3605%, drawdown16.5363%, win43.0723%, average win1.45485%, average loss1.32375%. Mean-.126943% per trade becomes-.326489% at16bp per side; stress return-24.0712%, mean95%month-bootstrapCI[-.610288,-.037112]%. Premise3: all six managed/trailing/sensitivity specifications lose under stress. One mild baseline winner cannot override the fixed test. Premise4: no current calendar entry signal, incomplete15-minute execution validation, and four whole-lot sleeves cannot be implemented with present cash/caps. Conclusion: zero proposed notional, no orders, exits, adjustments or separate fund. Quarter-Kelly floors at0. Logical validity follows the frozen qualification gate; soundness is conditional on provider-adjusted data and cost assumptions, and does not establish that all calendar strategies fail. Strongest counterargument is the profitable open-only variant; its confidence interval crosses zero and its exits differ. Belief update: this implementation is rejected; require independent execution evidence and untouched validation to change that decision, not another parameter search. Rate versus total: negative mean per monthly event compounds into a seven-year loss; costs and the349.01USD shortfall do not create extra eligible events. INBX PDFs unchanged; monitor113 at06UTC and existing collectors cover follow-up. Saved52 backtests, regression, simulation, technical/fundamental/consequence analyses, observations, code and technical/execution/psyche lessons480–482. Sources https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://www.aalto.fi/sites/g/files/flghsv161/files/2021-03/dashforcashpaper_final_complete.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars ; https://inhibrx.com/hexagon-slides/ .