Losses are being sat out
Losing trades are held 6.7× longer than winning ones (43h vs 6h). A classic sign of reluctance to cut losses — the main source of deep drawdowns.
Deep historical drawdown
Max drawdown reached 74.2% (peak 2024-10-07, trough 2024-10-30). A repeat of this drawdown could be unrecoverable.
Risk increases after losses
After two or more consecutive losses the average position size grows by 48% (1.04 lots vs the usual 0.70). Scaling up after losses is a martingale pattern that multiplies drawdowns.
The real drawdown is deeper than it looks
Max equity drawdown reached 74.2%, while the balance curve shows only 29.6%. The gap is the floating loss of open positions that the balance curve hides.
Long drawdown recovery
The longest stretch from an equity peak to a new high lasted 195 days. An investor in this strategy must be prepared for months without new highs.
Profit is concentrated in a single instrument
90% of all positive PnL comes from XAUUSD (3175 trades). The strategy's result depends on a single market — there is no effective diversification.
Sunday is a toxic day
100% of net daily losses fall on Sunday (UTC). Worth reviewing what happens to the trading that day.
Consistently profitable months
30 of 41 months closed positive (73%). A strong indicator of consistent performance.