Stats

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. Timeexit20thsessionclose; notrequiredvenueexits. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":65.39049301964086,"drawdown":11.031333271902987,"n":22,"win":68.18181818181817,"W":5.1319492186719415,"L":3.349178294474394,"K":0.11854212418224791},{"period":"train","cost":"base","return":58.271093064491495,"drawdown":11.209092606618265,"n":22,"win":68.18181818181817,"W":4.921895626340337,"L":3.542286581321518,"K":0.11320570930825846},{"period":"train","cost":"stress","return":48.16244763241136,"drawdown":11.932179179331836,"n":22,"win":63.63636363636363,"W":4.938876966923199,"L":3.356105143142376,"K":0.09731563718158108},{"period":"holdout","cost":"zero","return":43.006249127765585,"drawdown":29.10394097237744,"n":53,"win":60.37735849056604,"W":3.686764448215843,"L":3.869850310820564,"K":0.0469676108768666},{"period":"holdout","cost":"base","return":28.62335772617226,"drawdown":30.808127206392598,"n":53,"win":58.490566037735846,"W":3.59300692775387,"L":3.70337426378811,"K":0.039265189767423325},{"period":"holdout","cost":"stress","return":9.715242694065672,"drawdown":33.6693145907593,"n":53,"win":58.490566037735846,"W":3.2826933669981644,"L":3.991831443684097,"K":0.020035323530694288},{"period":"recent","cost":"zero","return":15.482902879297278,"drawdown":5.700328889994422,"n":8,"win":100,"W":1.8206897886506819,"L":0,"K":0},{"period":"recent","cost":"base","return":13.649881359119597,"drawdown":5.888739581753743,"n":8,"win":100,"W":1.6172520976238316,"L":0,"K":0},{"period":"recent","cost":"stress","return":10.954753051209343,"drawdown":6.170650489580942,"n":8,"win":87.5,"W":1.530285030541547,"L":0.20913977628928682,"K":0.21447914987822408}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. PriorATR14stop1ATR,target1.5ATR,half+1RthenBE;adversesamebar/gapordering. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":2.9420196446382274,"drawdown":1.5092562928412656,"n":24,"win":66.66666666666666,"W":2.134948731017885,"L":0.8551566795350941,"K":0.13328738425460224},{"period":"train","cost":"base","return":1.030188133892307,"drawdown":2.3443774428746122,"n":24,"win":66.66666666666666,"W":1.9308831501531403,"L":1.0532480253074052,"K":0.12121043656353694},{"period":"train","cost":"stress","return":-1.7686333323013947,"drawdown":3.8708760712009016,"n":24,"win":66.66666666666666,"W":1.6255484973471825,"L":1.3496436841389186,"K":0.0974775239280017},{"period":"holdout","cost":"zero","return":-2.976173643757485,"drawdown":4.396199661468669,"n":60,"win":51.66666666666667,"W":1.2549108591143914,"L":1.2594147607829862,"K":0.007899659939188106},{"period":"holdout","cost":"base","return":-8.14970776808195,"drawdown":8.48198921058031,"n":60,"win":51.66666666666667,"W":1.0526035952368733,"L":1.4566983983029806,"K":0},{"period":"holdout","cost":"stress","return":-15.390169239740281,"drawdown":15.535867170611672,"n":60,"win":41.66666666666667,"W":0.9495663981227371,"L":1.465627000143719,"K":0},{"period":"recent","cost":"zero","return":0.4472237407078472,"drawdown":1.12953747295238,"n":9,"win":55.55555555555556,"W":1.050610671851525,"L":1.058348124460177,"K":0.02695947564212388},{"period":"recent","cost":"base","return":-0.44562299473345224,"drawdown":1.3480710960800613,"n":9,"win":55.55555555555556,"W":0.8487116000543986,"L":1.2560334934209383,"K":0},{"period":"recent","cost":"stress","return":-1.7684609048439603,"drawdown":2.0509675645148717,"n":9,"win":55.55555555555556,"W":0.5466186026573245,"L":1.551821706409417,"K":0}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. Timeexit20thsessionclose; notrequiredvenueexits. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":6.141391116512884,"drawdown":12.439589888122738,"n":22,"win":72.72727272727273,"W":5.262668102810489,"L":3.613171100820065,"K":0.1350068362719273},{"period":"train","cost":"base","return":4.271373249218802,"drawdown":12.439589876230805,"n":22,"win":72.72727272727273,"W":5.052353333952478,"L":3.8057519296444124,"K":0.13045932606113123},{"period":"train","cost":"stress","return":1.5303037586992696,"drawdown":12.439589858388455,"n":22,"win":72.72727272727273,"W":4.737668286836175,"L":4.093902436246069,"K":0.12290107435884229},{"period":"holdout","cost":"zero","return":38.369255493890144,"drawdown":9.60958418608302,"n":53,"win":67.9245283018868,"W":3.6921576466277704,"L":3.9693852386948856,"K":0.08360163249902065},{"period":"holdout","cost":"base","return":31.75082005431349,"drawdown":10.608803097080155,"n":53,"win":64.15094339622641,"W":3.6908390969727902,"L":3.724765573992856,"K":0.06993089876317146},{"period":"holdout","cost":"stress","return":22.421049131581206,"drawdown":12.16931241770325,"n":53,"win":64.15094339622641,"W":3.3802324790022045,"L":4.013158676010978,"K":0.05397346953474608},{"period":"recent","cost":"zero","return":6.513268115285054,"drawdown":1.887466167089602,"n":8,"win":62.5,"W":3.6697601728360034,"L":1.3993363983994187,"K":0.12050167281474879},{"period":"recent","cost":"base","return":5.7071589793074695,"drawdown":1.886371732637493,"n":8,"win":62.5,"W":3.4626280364098085,"L":1.5963404722777421,"K":0.11302938325965597},{"period":"recent","cost":"stress","return":4.510930623116938,"drawdown":1.9103811849883856,"n":8,"win":62.5,"W":3.1527050268918284,"L":1.8911092923995523,"K":0.10001527627855969}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. PriorATR14stop1ATR,target1.5ATR,half+1RthenBE;adversesamebar/gapordering. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":1.4823627755976343,"drawdown":2.4722104921366728,"n":24,"win":66.66666666666666,"W":2.1349487310179422,"L":0.8551566795350861,"K":0.13328738425460346},{"period":"train","cost":"base","return":-0.6452892950703615,"drawdown":3.8450881458973796,"n":24,"win":66.66666666666666,"W":1.9308831501531576,"L":1.0532480253074077,"K":0.12121043656353725},{"period":"train","cost":"stress","return":-3.7511798622800074,"drawdown":6.022352468861325,"n":24,"win":66.66666666666666,"W":1.6255484973473049,"L":1.3496436841389126,"K":0.09747752392800721},{"period":"holdout","cost":"zero","return":-2.2981419759339206,"drawdown":3.6002301151548455,"n":60,"win":51.66666666666667,"W":1.2549108591143836,"L":1.2594147607829955,"K":0.007899659939186468},{"period":"holdout","cost":"base","return":-7.235101511721009,"drawdown":7.663389057270464,"n":60,"win":51.66666666666667,"W":1.05260359523687,"L":1.4566983983029813,"K":0},{"period":"holdout","cost":"stress","return":-14.170065394849097,"drawdown":14.257869288861114,"n":60,"win":41.66666666666667,"W":0.94956639812271,"L":1.4656270001437015,"K":0},{"period":"recent","cost":"zero","return":-0.596599103120532,"drawdown":1.5291743616817621,"n":9,"win":55.55555555555556,"W":1.050610671851544,"L":1.058348124460187,"K":0.026959475642124878},{"period":"recent","cost":"base","return":-1.5349218446606416,"drawdown":2.12686642758112,"n":9,"win":55.55555555555556,"W":0.8487116000544024,"L":1.2560334934209487,"K":0},{"period":"recent","cost":"stress","return":-2.9245789456072036,"drawdown":3.318481291351383,"n":9,"win":55.55555555555556,"W":0.5466186026573366,"L":1.5518217064094477,"K":0}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. Timeexit20thsessionclose; notrequiredvenueexits. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":4.124370742903571,"drawdown":7.711617107008751,"n":22,"win":72.72727272727273,"W":5.262668102810532,"L":3.6131711008200713,"K":0.1350068362719276},{"period":"train","cost":"base","return":2.1134278561414144,"drawdown":8.337235486468519,"n":22,"win":72.72727272727273,"W":5.052353333952462,"L":3.805751929644382,"K":0.13045932606113148},{"period":"train","cost":"stress","return":-0.8282868191326842,"drawdown":9.332585376100278,"n":22,"win":72.72727272727273,"W":4.7376682868361435,"L":4.093902436246095,"K":0.12290107435884154},{"period":"holdout","cost":"zero","return":38.96661810408584,"drawdown":7.245335557652821,"n":53,"win":67.9245283018868,"W":3.6921576466277655,"L":3.969385238694887,"K":0.08360163249902051},{"period":"holdout","cost":"base","return":32.69209273882656,"drawdown":7.7314421009081595,"n":53,"win":64.15094339622641,"W":3.690839096972813,"L":3.724765573992841,"K":0.06993089876317239},{"period":"holdout","cost":"stress","return":23.815952896705063,"drawdown":9.184497428480043,"n":53,"win":64.15094339622641,"W":3.38023247900221,"L":4.013158676010964,"K":0.053973469534746604},{"period":"recent","cost":"zero","return":4.32525892968505,"drawdown":2.948120656803821,"n":8,"win":62.5,"W":3.669760172836007,"L":1.3993363983994285,"K":0.12050167281474856},{"period":"recent","cost":"base","return":3.4350495738303177,"drawdown":2.947106490651352,"n":8,"win":62.5,"W":3.4626280364098228,"L":1.5963404722777241,"K":0.11302938325965664},{"period":"recent","cost":"stress","return":2.1150839300856816,"drawdown":2.9455861693440943,"n":8,"win":62.5,"W":3.1527050268918373,"L":1.8911092923995274,"K":0.10001527627856058}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. PriorATR14stop1ATR,target1.5ATR,half+1RthenBE;adversesamebar/gapordering. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":30.533975147586112,"drawdown":2.430304973352204,"n":24,"win":66.66666666666666,"W":2.134948731017875,"L":0.8551566795350962,"K":0.13328738425460201},{"period":"train","cost":"base","return":24.416347490235026,"drawdown":2.43030497096256,"n":24,"win":66.66666666666666,"W":1.930883150153103,"L":1.0532480253074052,"K":0.12121043656353606},{"period":"train","cost":"stress","return":15.773248970480335,"drawdown":4.734348924033627,"n":24,"win":66.66666666666666,"W":1.6255484973471963,"L":1.3496436841389088,"K":0.09747752392800278},{"period":"holdout","cost":"zero","return":1.7911373627534477,"drawdown":8.288556843642159,"n":60,"win":51.66666666666667,"W":1.2549108591143827,"L":1.2594147607829855,"K":0.007899659939187328},{"period":"holdout","cost":"base","return":-9.719350056697918,"drawdown":14.134520506777637,"n":60,"win":51.66666666666667,"W":1.0526035952368598,"L":1.4566983983029798,"K":0},{"period":"holdout","cost":"stress","return":-24.591272570792157,"drawdown":26.42301149218489,"n":60,"win":41.66666666666667,"W":0.9495663981227316,"L":1.465627000143716,"K":0},{"period":"recent","cost":"zero","return":0.9653579809471458,"drawdown":2.9334282774735043,"n":9,"win":55.55555555555556,"W":1.0506106718515236,"L":1.0583481244601807,"K":0.02695947564212335},{"period":"recent","cost":"base","return":-0.8357581368018896,"drawdown":3.2242155517375193,"n":9,"win":55.55555555555556,"W":0.8487116000543993,"L":1.2560334934209578,"K":0},{"period":"recent","cost":"stress","return":-3.4773723732903106,"drawdown":4.058278500456036,"n":9,"win":55.55555555555556,"W":0.5466186026573255,"L":1.5518217064094249,"K":0}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

Frozen notes965/analysis1038. Calibration2016–18; train2019–20,holdout2021–25,recent2026throughSep4. Monthlyfirstsession nextopen; skipoverlap. Timeexit20thsessionclose; notrequiredvenueexits. Zero/base/stress fees/slippage perfill0/0,5/5,5/20bp. Fractional diagnostic,cashreserve1ppm,adjustedOHLC notcashdividend or15min. Everyfill anddailycashledger matchedvectorbt exactly afterdraftsigncorrection. Win/W/L measuredreturnoninvestedamount, notweightedbookreturn; sizingalso needweightedperformancegate. Ninecells:[{"period":"train","cost":"zero","return":79.82105105130755,"drawdown":12.439589888122715,"n":22,"win":72.72727272727273,"W":5.262668102810501,"L":3.6131711008200686,"K":0.13500683627192736},{"period":"train","cost":"base","return":72.08047319898361,"drawdown":12.439589876230784,"n":22,"win":72.72727272727273,"W":5.052353333952443,"L":3.805751929644383,"K":0.13045932606113125},{"period":"train","cost":"stress","return":61.08983389976077,"drawdown":12.439589858388445,"n":22,"win":72.72727272727273,"W":4.7376682868362066,"L":4.0939024362460765,"K":0.12290107435884257},{"period":"holdout","cost":"zero","return":82.69834294510616,"drawdown":27.319227551914725,"n":53,"win":67.9245283018868,"W":3.6921576466277637,"L":3.9693852386948882,"K":0.08360163249902046},{"period":"holdout","cost":"base","return":64.32340861030043,"drawdown":27.898353568630075,"n":53,"win":64.15094339622641,"W":3.690839096972797,"L":3.7247655739928573,"K":0.0699308987631716},{"period":"holdout","cost":"stress","return":40.16725236851681,"drawdown":28.87167777720727,"n":53,"win":64.15094339622641,"W":3.380232479002207,"L":4.013158676010971,"K":0.05397346953474634},{"period":"recent","cost":"zero","return":14.552452842227348,"drawdown":4.4943330612658094,"n":8,"win":62.5,"W":3.6697601728360105,"L":1.3993363983994276,"K":0.12050167281474862},{"period":"recent","cost":"base","return":12.734200047177357,"drawdown":4.520746499651585,"n":8,"win":62.5,"W":3.462628036409808,"L":1.5963404722777266,"K":0.11302938325965639},{"period":"recent","cost":"stress","return":10.060786491984409,"drawdown":4.949616388622779,"n":8,"win":62.5,"W":3.1527050268918346,"L":1.891109292399543,"K":0.10001527627856008}]. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All162cells individuallyrecordedQVM90806variant observations. No OOSselection.

1.SPYissuerfactsheet describes anS&P500price/yieldtracker,0.0945%annualnetexpense,Jan1993inception;EFAissuer describes developedlarge/midcap outsideUS/Canada;EEMissuer describes emerginglarge/midcaps. Broadindex earnings/dividends underpinlongreturns; inversevariance scaling changes exposure, createsno new operatingcashflow.2.ETFexpensesalreadyreflectedinprices, notaddedtwice. Cashyield assumed0 andtotalreturnadjustedOHLCproxy differsfrompaperexcessreturns andactualcashdividendtiming.3.Foreign equityprices incorporate localcashflows/FX andnon-USclose timing; lowerUSDvariance alone cannotidentifyvaluation orcreditrisk.4.Bindingconstraintis netimplementableedge, notfloatcapacity at~213USD;actual whole-share exits mustfitcapital. No issuer valuationforecast used. Counterexample:holdinglongtermpremium mayoutperformtiming whenvolatility fallsafterarally; a riskreductionisnotnecessarilyreturnimprovement. Sources https://www.ssga.com/library-content/products/factsheets/etfs/us/factsheet-us-en-spy.pdf ; https://www.ishares.com/us/literature/fact-sheet/efa-ishares-msci-eafe-etf-fund-fact-sheet-en-us.pdf ; https://www.ishares.com/us/products/239637/ishares-msci-emerging-markets-etf .

Premises:1.Moreira/Muir2017 original rule uses inverse lagged realized variance on factor excess returns.2.Cederburg etal2020 distinguish in-sample spanning alpha from implementable performance over103strategies.3.Venue needs cappedcash and explicit exits, neither paper validates that combination. Conclusion: test adaptation, not claim literal replication or tradable alpha. Calibration2016–18 frozen median RV; train2019–20,holdout2021–25,recent2026. Monthly firstsessionopen weight=min(1,k/prior22daymean squaredlogreturn),66day sensitivity and unscaledcontrol. Parent20sessiontimeexit; managed1ATRstop/1.5ATRtarget/half+1ATRthenBE; adverse ordering, nonoverlap. 162cells, no tuning. Details note965; question tree964. Validity follows distinction between historical factor result and our executable rule; soundness depends on tested price/execution assumptions. Same historical holdout was used in previous strategy research and is not pristine prospective evidence. Source URLs https://amoreira2.github.io/alan-moreira.github.io/VolPortfolios_published.pdf ; https://www.lehigh.edu/~xuy219/research/COWY.pdf .

1. Started04:00:30UTC;complete~04:21(~21minutes),under42minuteplan/45hard;reservedfinaljournalphasebegan04:18. Readfundnotes/observations/analyses/lessonsfirst;appliedactual-exit,nonoverlapandno-funding-pressurelessons. Freshledger3closedPEADoperatorliquidations,0open/pending/closing;quant245.69cash.2. Primarypapersreadandboundaryrecorded12338/12339;thirdresearchabstract12348;issuerstructure929. Frozenprotocol926/notes920/924,complete14ETFpanels37576bars2016-2026;requestedpre2016missing.3. 216mainplus24full-dayskipcells;all240metricsrecordedobservations,72backtestrecordscovereveryfamily. Mainmanaged36/36holdoutnegativeincluding12zerocost. Primary2016-2020train-8.879916%,2021-2025holdout-45.074220%,DD48.485178%,N216,win48.148148%,averagewin1.700601%,averageloss2.068431%,Kelly0;stress-71.268856%,recent-22.895816%.4. Preservecontraryevidence:parenttimeexitbaselineholdout+41.613514%butstress-20.393113%;weeklymeanCIspans0andmatchedEFAcomparisonweak. Recentlag2intradaymanaged+21.969978%N29doesnotrescuehistoricalfailure. No timing/parameterselectionafterresults.5. Statistical995,technical1002,simulation1034,consequences1035recordpremises,uncertainty,matchedmarkets,regimes,MonteCarloandbindingconstraint. Dailybarpaths/fractionalpartialexits/adjusteddividendprices/assumedfeesarenotverified15minvenueexecution;freshpristineOOSmissing. Codecashledgerreconciliationmax1.0914e-11USDprovesarithmeticconsistencyonly.6. Exactreadbackarchive13290:310EWGparts604064chars,37576inputbarsand6scripts/13files;allresultrows/indicatorspreserved,ledgersregenerable. Lessons352-355andhandoff946written. Existingjobs8/15/68active;68next04:31,verifyactualoutput06UTC. Sixquantmonitorsfuture;nonebefore06UTC,nextmarketentrywouldneedfreshvalidation. Noadditionalmonitor/orderneededforrejectedrule. ConclusionNo proposals,actualsize0. Sources https://runway.adityaperswal.workers.dev/data/stock-bars ; https://repub.eur.nl/pub/25718/AnotherLook_2011.pdf ; https://www.aqr.com/Insights/Research/Working-Paper/Trading-Costs-of-Asset-Pricing-Anomalies ; https://www.ishares.com/us/products/239665/ishares-msci-japan-etf .

Startstatequant245.69cash,account850.99,0open/queued;goalrepeatablepositiveexpectednetpayoff. Bindingconstraintindependentimplementableedge,not349.01fundinggap. Premises:1.Frozenmanagedprimaryloses8.879916%training,45.074220%holdout,22.895816%2026;all36managedholdoutcellsnegativeincluding12zerocost.2.Parentbaseline+41.613514%holdoutisrealmodelevidence,butstress-20.393113%,weeklymeanCI[-.084090,.474054]%andEFAmatchedgrosscomparison leavealphaunidentified.3.Full-dayskipdiagnosticdoesnotrescueholdout;positive2026intradaylag2managed+21.969978%N29isretainedascounterexample,nothindsightstrategyselection.4.LiquidcurrentEWGaffordabilityandfundamentalplausibilitycannotcalibratereversalprobability;dailyOHLC/fractional/adjustedpricescannotprovevenueexits. Conclusionnoorderlogicallyfollowsrequiredvalidationgates. Soundnessconditionalondata,codeandassumptions;ledgerreconciliationisnotindependentpricevalidation. Strongestcounterargument:cashforgoesrallies;EFAcontinuousgross+50.7896%andparentpositivebaselineproveopportunitycost. Theydonotvalidatefund-mandatedmanagedswing. Firstorderforcedtradepaystradingcostsandacceptscountry/FXrisk;secondorderstopsandprofit-takingchangepayoffdistributionandentrycohort;thirdorderrepeatednegativenetturnovererodesrunwayandtemptsretuning. Firstordercashavoidsmarketlossandforgoesgains;secondorderfixedcostsstillconsumeaccount;thirdorderoperatorpressurecanpushstrategyshopping. Marketmakers/brokersbenefitfromspread/turnover,ETFmanagerfromassets;ourbenefitrequiresnetedge. Changeviewonlywithprespecifiedindependentactual-exitdata,positivecostedtraining/holdoutandcredibleuncertainty;do notexpandtargetsorbuylag2because2026looksbetter. Source https://runway.adityaperswal.workers.dev/data/stock-bars ; primaryresearchobservations12338/12339/12348andfundamental929. No new datedcatalystdiscovered;existing6quantmonitorsfuture,nonebefore06UTCnextresearch. Existingjob68next04:31coversclinicalcollection;noextraorder/jobneededforrejectedrule.

1. Primarymanagedholdoutp=.48148148,W1.700601%,L2.068431%;quarterKelly=max(0,.25*(p-(1-p)/(W/L)))=0. USintradaymanagedalso0. Parentbaseline naivequarterKelly2.075070%butcoststressnegative,meanCIspans0andnoactualstop/targetvalidation,soactual0.2. Numpyseed90804,20000resamplesofcontiguous4calendarweeksfrom261holdoutweeklyreturns,circularwrap,25%hypotheticalaccountallocation eachweek,initial850.99. Primarymanaged4weekPnL5/50/95percentiles[-14.280032,-1.930133,10.879991]USD,lossfrequency58.595%;intradaymanaged[-15.629881,-2.296366,9.996975],61.1%. Parent[-14.160696,-.023203,18.994337],50.745%. Thesearehistoricalblock-resamplingfrequencies,notcalibratedforwardprobabilities;weeklyresetweights/fractionalassumptionmaydifferfromactualaccount,overheadexcluded.3. No sampledpathreaches349.01USDaccountgap;thisisnotproofzeroactualprobabilityandcannotjustifyanincomeprojection. Quantbook245.69,venuepositioncap212.7475,normalrisk8.5099. EWGfoursharesfitsarithmetic,notedgegate.4. ThreeownclosedtradesarePEADandoperatorliquidated,notindependentreversaltrials;33.33%win,7.93994%averagewin,5.26143%averagelossprovidesnooverride. Noarrivalquotesorintendedexitsamplesforslippage/stop-hitprobabilities.5. Main36managedholdoutvariantsnegativeeven12zero-cost;thereforeinsufficientedgeisnotmerelyourchosenfeeestimate. Real15min,overnightgaps,whole-sharepartialmanagement andfuturedistributionstillunknown. Source https://runway.adityaperswal.workers.dev/data/stock-bars ; query_tradesfundquant04:01UTC ; diagnosticsarchived310parts.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":19.20315865283131,"dd":33.40625556193522,"n":213,"win":51.64319248826291,"W":1.9008148335984225,"L":1.8059848878178024,"K":0.01424715673942091},{"period":"holdout","cost":"zero","return":-32.59505817592977,"dd":41.18284700195467,"n":215,"win":45.58139534883721,"W":1.936638954642452,"L":1.9503213003356727,"K":0},{"period":"recent","cost":"zero","return":-0.6619567187630349,"dd":26.80240913305211,"n":29,"win":51.724137931034484,"W":2.4087084868495134,"L":2.511965588285353,"K":0.003446936154310132},{"period":"train","cost":"base","return":-22.14647181522935,"dd":49.41723665717414,"n":213,"win":50.23474178403756,"W":1.746401445743688,"L":1.9471254588434133,"K":0},{"period":"holdout","cost":"base","return":-56.1524738853473,"dd":57.54547500939253,"n":215,"win":44.651162790697676,"W":1.7708817126454235,"L":2.078899873135273,"K":0},{"period":"recent","cost":"base","return":-6.259661132264083,"dd":28.395171636410012,"n":29,"win":51.724137931034484,"W":2.204095733782102,"L":2.7067468271745665,"K":0},{"period":"train","cost":"stress","return":-58.90739824686072,"dd":66.51451618422648,"n":213,"win":46.478873239436616,"W":1.5685020352183263,"L":2.092613152303241,"K":0},{"period":"holdout","cost":"stress","return":-76.99487145071846,"dd":77.37911290851906,"n":215,"win":43.25581395348837,"W":1.517826188328262,"L":2.3173272899491697,"K":0},{"period":"recent","cost":"stress","return":-14.070391505872426,"dd":30.719571506426945,"n":29,"win":48.275862068965516,"W":2.0431757020192935,"L":2.807332017631263,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":28.574383008983272,"dd":46.54132884809891,"n":193,"win":51.29533678756477,"W":2.4951337624906547,"L":2.257545747764133,"K":0.01807089625473733},{"period":"holdout","cost":"zero","return":13.195003419584928,"dd":33.963443942162044,"n":193,"win":49.740932642487046,"W":2.670176104155006,"L":2.4493457848997466,"K":0.00909604327231281},{"period":"recent","cost":"zero","return":3.7190990572059546,"dd":22.12992746572924,"n":26,"win":50,"W":2.868860836570745,"L":2.4811769380823376,"K":0.016891891963981595},{"period":"train","cost":"base","return":-12.598926884358352,"dd":56.74938850801248,"n":193,"win":47.15025906735752,"W":2.5017745447329562,"L":2.2694462610132167,"K":0},{"period":"holdout","cost":"base","return":-23.053375496196605,"dd":43.17746533544277,"n":193,"win":47.15025906735752,"W":2.6054882532665067,"L":2.4711671999486193,"K":0},{"period":"recent","cost":"base","return":-1.5364656487320771,"dd":23.976561119026265,"n":26,"win":50,"W":2.66332869841881,"L":2.676019692740803,"K":0},{"period":"train","cost":"stress","return":-51.015371366220606,"dd":69.73443047616958,"n":193,"win":40.932642487046635,"W":2.550091876346059,"L":2.307729667959877,"K":0},{"period":"holdout","cost":"stress","return":-56.87465048678973,"dd":60.21371556545858,"n":193,"win":44.559585492227974,"W":2.438977765136447,"L":2.6400022173697506,"K":0},{"period":"recent","cost":"stress","return":-8.924745845132964,"dd":26.664732226394595,"n":26,"win":50,"W":2.355799698294729,"L":2.9675546228024285,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. Timeexitonly;notvenue-ready. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":18.811604785940396,"dd":34.076871024217404,"n":226,"win":51.32743362831859,"W":1.6308109096713586,"L":1.5364205023791104,"K":0.013680019241828448},{"period":"holdout","cost":"zero","return":-21.508531739366134,"dd":34.416192615683386,"n":226,"win":49.557522123893804,"W":1.597559587152703,"L":1.7749040900783206,"K":0},{"period":"recent","cost":"zero","return":5.317340389966785,"dd":22.270196455129078,"n":29,"win":55.172413793103445,"W":2.2251699747298166,"L":2.2271122745606933,"K":0.025764246536110647},{"period":"train","cost":"base","return":-24.393742730570033,"dd":49.288735960179444,"n":226,"win":49.557522123893804,"W":1.4813319108773715,"L":1.6614310720940186,"K":0},{"period":"holdout","cost":"base","return":-50.05162876588778,"dd":53.319393572679765,"n":226,"win":47.78761061946903,"W":1.4508507159004824,"L":1.8785560173649973,"K":0},{"period":"recent","cost":"base","return":-0.617297757173596,"dd":23.96157884918472,"n":29,"win":55.172413793103445,"W":2.020923931884738,"L":2.4224626507977223,"K":0.0035950117380198487},{"period":"train","cost":"stress","return":-61.61994738896384,"dd":67.12708150642099,"n":226,"win":43.36283185840708,"W":1.362864068326875,"L":1.7553343000372528,"K":0},{"period":"holdout","cost":"stress","return":-74.64467644563737,"dd":74.77011390657093,"n":226,"win":42.47787610619469,"W":1.3079135088669465,"L":1.9849331390076825,"K":0},{"period":"recent","cost":"stress","return":-8.898167022160708,"dd":26.42989977499982,"n":29,"win":51.724137931034484,"W":1.838695497001656,"L":2.5305119104271943,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":57.84436043079979,"dd":35.49557826654425,"n":226,"win":50.442477876106196,"W":2.0620547392991644,"L":1.6446534768620291,"K":0.027290981989570917},{"period":"holdout","cost":"zero","return":125.27921857208568,"dd":25.253188262610806,"n":226,"win":57.07964601769911,"W":2.0675476216243016,"L":1.8696893649306698,"K":0.04566661076180269},{"period":"recent","cost":"zero","return":5.390037197775399,"dd":27.31440360804992,"n":29,"win":58.620689655172406,"W":2.5929814814071315,"L":3.078719834291388,"K":0.023724676970989816},{"period":"train","cost":"base","return":0.4449131443079457,"dd":48.987150697084225,"n":226,"win":48.23008849557522,"W":1.9461583681420875,"L":1.7510540351152963,"K":0.004125406669214404},{"period":"holdout","cost":"base","return":43.35736469096787,"dd":33.27948641698967,"n":226,"win":54.424778761061944,"W":1.9604452651638928,"L":1.9162568565605127,"K":0.024692055913787758},{"period":"recent","cost":"base","return":-0.5486974186376781,"dd":28.89602523105851,"n":29,"win":58.620689655172406,"W":2.3880005506203643,"L":3.2723686973475137,"K":0.00479258608510999},{"period":"train","cost":"stress","return":-49.01108466126618,"dd":66.6326231969882,"n":226,"win":41.150442477876105,"W":1.944511572184224,"L":1.8142999800205468,"K":0},{"period":"holdout","cost":"stress","return":-27.227409506441635,"dd":46.839860567821,"n":226,"win":45.57522123893805,"W":2.007031425995159,"L":1.8763701613440202,"K":0},{"period":"recent","cost":"stress","return":-8.835282672646317,"dd":31.204166643972687,"n":29,"win":51.724137931034484,"W":2.3908006389507688,"L":3.0875271146641285,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. Timeexitonly;notvenue-ready. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":52.227473811057855,"dd":34.93389636286501,"n":222,"win":54.95495495495496,"W":1.8644265687214512,"L":1.797086682432509,"K":0.028842148977253776},{"period":"holdout","cost":"zero","return":-21.182971924873883,"dd":37.43068337612203,"n":214,"win":51.4018691588785,"W":1.6965850185567808,"L":1.9985488674016068,"K":0},{"period":"recent","cost":"zero","return":-2.78327190421227,"dd":25.13463563534557,"n":31,"win":54.83870967741935,"W":2.010316052254626,"L":2.550292790710057,"K":0},{"period":"train","cost":"base","return":-2.351343063306033,"dd":47.64123339705238,"n":222,"win":52.702702702702695,"W":1.7354252393032972,"L":1.9023278138156476,"K":0.0021416023132878603},{"period":"holdout","cost":"base","return":-48.626163252452095,"dd":53.41515686636533,"n":214,"win":50.467289719626166,"W":1.5224578927170382,"L":2.135570300510461,"K":0},{"period":"recent","cost":"base","return":-8.627661425036425,"dd":27.637272325848205,"n":31,"win":51.61290322580645,"W":1.9207218149502172,"L":2.563401698034291,"K":0},{"period":"train","cost":"stress","return":-49.83213221076598,"dd":64.83902029350193,"n":222,"win":48.64864864864865,"W":1.5593162934500748,"L":2.0317195556956738,"K":0},{"period":"holdout","cost":"stress","return":-72.96511939062655,"dd":73.57239554301023,"n":214,"win":47.66355140186916,"W":1.294579716528172,"L":2.3027721599953983,"K":0},{"period":"recent","cost":"stress","return":-16.74213253388731,"dd":31.235249486976446,"n":31,"win":48.38709677419355,"W":1.7318792186366745,"L":2.685038819370337,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":178.34105018617214,"dd":27.685643940413595,"n":198,"win":57.07070707070707,"W":2.5557181831279046,"L":2.084903459982115,"K":0.05512463462690349},{"period":"holdout","cost":"zero","return":93.30510233270614,"dd":32.15689256459794,"n":192,"win":52.604166666666664,"W":2.8384663546067106,"L":2.3232415947262686,"K":0.034528492574095765},{"period":"recent","cost":"zero","return":-2.823530697969112,"dd":26.785563246036446,"n":28,"win":57.14285714285714,"W":2.3869897520176,"L":3.2938106761033703,"K":0},{"period":"train","cost":"base","return":87.32538434780786,"dd":37.86009014691455,"n":198,"win":52.52525252525253,"W":2.563886030968309,"L":2.050717172509798,"K":0.0363817666472635},{"period":"holdout","cost":"base","return":31.666176019651537,"dd":40.308013308002074,"n":192,"win":51.041666666666664,"W":2.715957132854908,"L":2.4158202250728835,"K":0.01873413847130169},{"period":"recent","cost":"base","return":-8.115845616070306,"dd":29.091336289654734,"n":28,"win":53.57142857142857,"W":2.3293191622449383,"L":3.2204168148812924,"K":0},{"period":"train","cost":"stress","return":3.4249354802157628,"dd":54.6296543356668,"n":198,"win":46.464646464646464,"W":2.5689925239825833,"L":2.094367644776468,"K":0.0070500566208592935},{"period":"holdout","cost":"stress","return":-25.984928470010615,"dd":53.18048154084121,"n":192,"win":48.4375,"W":2.5440826608630376,"L":2.5773114248441544,"K":0},{"period":"recent","cost":"stress","return":-15.51884893830584,"dd":32.414562498344324,"n":28,"win":53.57142857142857,"W":2.022790690936683,"L":3.5103209980660695,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. Timeexitonly;notvenue-ready. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":71.53304834541699,"dd":29.193445685189435,"n":231,"win":56.27705627705628,"W":1.6420679143841104,"L":1.5490123080117293,"K":0.03757970398632536},{"period":"holdout","cost":"zero","return":-1.0317451232329078,"dd":26.154841612524258,"n":222,"win":54.95495495495496,"W":1.4485794223149535,"L":1.756779813479074,"K":0.0008152660846985349},{"period":"recent","cost":"zero","return":0.758468782019972,"dd":20.65114740830539,"n":31,"win":58.06451612903226,"W":1.8005264340188565,"L":2.346786979479145,"K":0.008515632603908502},{"period":"train","cost":"base","return":8.069648335272039,"dd":41.64260374672444,"n":231,"win":55.41125541125541,"W":1.4625410560149192,"L":1.6981408725902127,"K":0.00909934517524194},{"period":"holdout","cost":"base","return":-36.51528908586076,"dd":45.6056164341927,"n":222,"win":52.702702702702695,"W":1.3035095581904221,"L":1.848251133021885,"K":0},{"period":"recent","cost":"base","return":-5.298839981793913,"dd":22.64896291756815,"n":31,"win":51.61290322580645,"W":1.8007883468594652,"L":2.20726478720401,"K":0},{"period":"train","cost":"stress","return":-45.95728791190342,"dd":61.62619753893107,"n":231,"win":48.917748917748916,"W":1.3267050032493817,"L":1.7530002532063407,"K":0},{"period":"holdout","cost":"stress","return":-67.3841639640466,"dd":68.2230200007498,"n":222,"win":44.5945945945946,"W":1.210442405425759,"L":1.8517510907884023,"K":0},{"period":"recent","cost":"stress","return":-13.708932564812804,"dd":25.551754132641356,"n":31,"win":41.935483870967744,"W":1.8797162270502987,"L":2.111437755156899,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":178.1938990668753,"dd":16.39947720096234,"n":231,"win":55.41125541125541,"W":2.0825150207934087,"L":1.5412069940990074,"K":0.056031152513499966},{"period":"holdout","cost":"zero","return":293.19855280009165,"dd":17.430076245682258,"n":222,"win":60.36036036036037,"W":2.1788715158626197,"L":1.691020766295331,"K":0.07399015454540013},{"period":"recent","cost":"zero","return":-3.5964203195659183,"dd":24.204642329198002,"n":31,"win":61.29032258064516,"W":1.8219494062971981,"L":3.0702480564975207,"K":0},{"period":"train","cost":"base","return":75.2683644998524,"dd":24.664730330157692,"n":231,"win":54.54545454545454,"W":1.9094592792091198,"L":1.6914799391298918,"K":0.03569973033564726},{"period":"holdout","cost":"base","return":152.2232658083544,"dd":22.351464394474295,"n":222,"win":57.20720720720721,"W":2.0884837396574873,"L":1.737184233963215,"K":0.054031252697204504},{"period":"recent","cost":"base","return":-9.391925701100046,"dd":25.823788821665705,"n":31,"win":51.61290322580645,"W":1.9276043951547694,"L":2.6171310333549127,"K":0},{"period":"train","cost":"stress","return":-12.353025047036681,"dd":47.25899957864242,"n":231,"win":48.05194805194805,"W":1.8384011517094314,"L":1.7538416971052357,"K":0},{"period":"holdout","cost":"stress","return":29.581950734311448,"dd":33.228683495225894,"n":222,"win":47.2972972972973,"W":2.189904323715891,"L":1.679790616730518,"K":0.01717774860314092},{"period":"recent","cost":"stress","return":-17.438525061406708,"dd":28.52340307978135,"n":31,"win":38.70967741935484,"W":2.2242321499971003,"L":2.3351027918447667,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. Timeexitonly;notvenue-ready. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":10.35996768260623,"dd":42.13637086814445,"n":215,"win":50.697674418604656,"W":1.8801974034012479,"L":1.7883084679461931,"K":0.00951212550973582},{"period":"holdout","cost":"zero","return":-7.786242848370528,"dd":27.495592033600158,"n":209,"win":50.23923444976076,"W":1.8247914054620427,"L":1.8943552397297145,"K":0},{"period":"recent","cost":"zero","return":-21.582225844787207,"dd":40.1356334297864,"n":29,"win":48.275862068965516,"W":2.304727332792503,"L":3.6237969986631993,"K":0},{"period":"train","cost":"base","return":-28.209839901571264,"dd":55.20695763954622,"n":215,"win":48.372093023255815,"W":1.7599079793943575,"L":1.8976339965516806,"K":0},{"period":"holdout","cost":"base","return":-39.28994746495813,"dd":45.828911956183184,"n":209,"win":49.282296650717704,"W":1.6539701868202707,"L":2.0342040446388596,"K":0},{"period":"recent","cost":"base","return":-26.00107189798383,"dd":41.788586497025314,"n":29,"win":44.827586206896555,"W":2.2635056788161365,"L":3.5791508185220513,"K":0},{"period":"train","cost":"stress","return":-62.33443461965437,"dd":70.07919697601497,"n":215,"win":46.04651162790698,"W":1.5346235309032943,"L":2.102202031600124,"K":0},{"period":"holdout","cost":"stress","return":-67.56921269011691,"dd":68.30837477261838,"n":209,"win":46.411483253588514,"W":1.440162590357214,"L":2.209223457956847,"K":0},{"period":"recent","cost":"stress","return":-32.16688783509485,"dd":44.40826073291989,"n":29,"win":44.827586206896555,"W":1.957174352437925,"L":3.867980410508113,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":37.433821099280415,"dd":31.102256434358623,"n":195,"win":50.256410256410255,"W":2.5764100362494182,"L":2.1638226048325797,"K":0.021196951892784102},{"period":"holdout","cost":"zero","return":48.52587654538867,"dd":34.37929333597173,"n":190,"win":50.526315789473685,"W":2.667200203380421,"L":2.235534364540271,"K":0.022648917136101593},{"period":"recent","cost":"zero","return":-6.453622785150381,"dd":35.73506118318185,"n":28,"win":50,"W":3.306179777888696,"L":3.606215450686397,"K":0},{"period":"train","cost":"base","return":-6.9494896603194185,"dd":45.33366519372382,"n":195,"win":45.64102564102564,"W":2.619510318317559,"L":2.16589779554648,"K":0.0017380680467813658},{"period":"holdout","cost":"base","return":1.5711120224150443,"dd":42.26340011565154,"n":190,"win":47.368421052631575,"W":2.6300425156599867,"L":2.243844603309714,"K":0.006163281434402715},{"period":"recent","cost":"base","return":-11.548239735368393,"dd":37.75898392497052,"n":28,"win":46.42857142857143,"W":3.339838108241981,"L":3.5469604279585765,"K":0},{"period":"train","cost":"stress","return":-48.161068315413594,"dd":63.46933754440982,"n":195,"win":42.56410256410256,"W":2.4897092572170663,"L":2.3349794099055656,"K":0},{"period":"holdout","cost":"stress","return":-42.55900961188118,"dd":55.75225922584459,"n":190,"win":44.21052631578947,"W":2.497998157904116,"L":2.400604404281518,"K":0},{"period":"recent","cost":"stress","return":-18.67469891091449,"dd":40.67598962008465,"n":28,"win":46.42857142857143,"W":3.030282617597715,"L":3.8358864465728115,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. Timeexitonly;notvenue-ready. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":32.31424135822174,"dd":34.546199164080285,"n":226,"win":53.09734513274337,"W":1.640806320731402,"L":1.5811748158003767,"K":0.019748160818580607},{"period":"holdout","cost":"zero","return":-4.382806977449949,"dd":22.017927679650374,"n":221,"win":51.58371040723983,"W":1.5591065326186637,"L":1.6985859058079489,"K":0},{"period":"recent","cost":"zero","return":-4.528947283584362,"dd":28.25234339262941,"n":30,"win":66.66666666666666,"W":1.9147662089778008,"L":4.088743646423883,"K":0},{"period":"train","cost":"base","return":-15.801283969165347,"dd":49.60693867783458,"n":226,"win":51.32743362831859,"W":1.4902686200023112,"L":1.687602367708467,"K":0},{"period":"holdout","cost":"base","return":-38.54208630517213,"dd":41.4413903152086,"n":221,"win":50.2262443438914,"W":1.396342510979817,"L":1.8160181973911302,"K":0},{"period":"recent","cost":"base","return":-10.088749017283282,"dd":29.918756424066196,"n":30,"win":63.33333333333333,"W":1.804324706690401,"L":3.8966461058701003,"K":0},{"period":"train","cost":"stress","return":-57.25815206631386,"dd":66.78068797620116,"n":226,"win":46.46017699115044,"W":1.3228756140789912,"L":1.8126224953864054,"K":0},{"period":"holdout","cost":"stress","return":-68.33058305254215,"dd":68.52034556386918,"n":221,"win":45.248868778280546,"W":1.2271023708841489,"L":1.9301229934477213,"K":0},{"period":"recent","cost":"stress","return":-17.827316762377265,"dd":32.346072448942785,"n":30,"win":53.333333333333336,"W":1.8159963539952153,"L":3.3284074508303214,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":109.22542474738881,"dd":23.449315758242694,"n":226,"win":53.53982300884957,"W":2.065147794771529,"L":1.6402083515764312,"K":0.04159905309147767},{"period":"holdout","cost":"zero","return":235.313674320911,"dd":12.247881483112721,"n":221,"win":55.65610859728507,"W":2.188694845972555,"L":1.4692578518167978,"K":0.0647207941235848},{"period":"recent","cost":"zero","return":-2.9414491043999957,"dd":28.750513844466884,"n":30,"win":66.66666666666666,"W":2.022511173889352,"L":4.149465437721803,"K":0},{"period":"train","cost":"base","return":33.1414664355137,"dd":32.15602043875791,"n":226,"win":51.76991150442478,"W":1.927791607636057,"L":1.7424472486260612,"K":0.020442064204121257},{"period":"holdout","cost":"base","return":115.52273399460948,"dd":21.34944603383886,"n":221,"win":53.39366515837104,"W":2.0729836875816168,"L":1.561779235704626,"K":0.04570150637527981},{"period":"recent","cost":"base","return":-8.593699542473153,"dd":30.132956608632444,"n":30,"win":60,"W":2.025470442368664,"L":3.624568048713787,"K":0},{"period":"train","cost":"stress","return":-32.413312455136534,"dd":50.63509911740378,"n":226,"win":46.017699115044245,"W":1.8454832012525304,"L":1.836972290938241,"K":0},{"period":"holdout","cost":"stress","return":11.05940495187545,"dd":35.66505588560342,"n":221,"win":47.05882352941176,"W":2.024375056693326,"L":1.651605363069235,"K":0.00966567131221266},{"period":"recent","cost":"stress","return":-16.46094463902911,"dd":32.299343592723254,"n":30,"win":50,"W":2.101684803272841,"L":3.1684714941996996,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. Timeexitonly;notvenue-ready. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.

Frozen strategy926/notes920,not optimized. This record groups 9 cells across training2016-2020,heldout2021-2025,recent2026throughSep4;zero/base/stresscosts. Figures report baselineholdout only; fullrows:[{"period":"train","cost":"zero","return":13.655646889746965,"dd":22.33490997742823,"n":202,"win":53.960396039603964,"W":1.851446289885078,"L":1.9639528096566397,"K":0.012807778365723249},{"period":"holdout","cost":"zero","return":-19.520461888408335,"dd":32.01786088912038,"n":218,"win":48.62385321100918,"W":1.8910575531193008,"L":1.936515835345826,"K":0},{"period":"recent","cost":"zero","return":-6.024799083709819,"dd":22.610909614229502,"n":29,"win":48.275862068965516,"W":2.367975025144074,"L":2.5249426270415953,"K":0},{"period":"train","cost":"base","return":-24.118478059718107,"dd":40.24554059463301,"n":202,"win":51.48514851485149,"W":1.7299650786494412,"L":2.052594346297908,"K":0},{"period":"holdout","cost":"base","return":-47.96050597271413,"dd":51.94985122698166,"n":218,"win":46.788990825688074,"W":1.7580662312708704,"L":2.0627932646618428,"K":0},{"period":"recent","cost":"base","return":-11.320307023598254,"dd":24.672440239264194,"n":29,"win":48.275862068965516,"W":2.1634436575941995,"L":2.719697937787914,"K":0},{"period":"train","cost":"stress","return":-58.60450156098065,"dd":61.34654802592547,"n":202,"win":46.53465346534654,"W":1.5914177406607561,"L":2.1414520710623126,"K":0},{"period":"holdout","cost":"stress","return":-72.94148383267489,"dd":73.61083225466925,"n":218,"win":45.412844036697244,"W":1.5015225086762456,"L":2.3002898240073937,"K":0},{"period":"recent","cost":"stress","return":-18.709368977282338,"dd":27.66212351475493,"n":29,"win":48.275862068965516,"W":1.857412067974245,"L":3.0111020292414787,"K":0}]. Liquid12countryETFweeklynegativeworstreturn,priorclose signal,nextopen,oneposition,skipoverlaps. PriorATR14stop1ATR/target1.5ATR/half+1RthenBE,adversesamebarordering. Fractional model,fees/slippageexplicitvectorbt andindependentcashreconciliation. Chronologicalholdoutpreviouslyinspectedforotherstrategies;dailyOHLCandadjustmentsnot15min/cashdividendvalidation. Source https://runway.adityaperswal.workers.dev/data/stock-bars . All metrics separatelyrecordedQREV90804variant001..240observations; nofamilywinnerselection.