Deep historical drawdown
Max drawdown reached 99.8% (peak 2026-07-03, trough 2026-07-21). A repeat of this drawdown could be unrecoverable.
Risk increases after losses
After two or more consecutive losses the average position size grows by 56% (0.08 lots vs the usual 0.05). Scaling up after losses is a martingale pattern that multiplies drawdowns.
The real drawdown is deeper than it looks
Max equity drawdown reached 99.8%, while the balance curve shows only 38.2%. 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 168 days. An investor in this strategy must be prepared for months without new highs.
Consistently profitable months
18 of 21 months closed positive (86%). A strong indicator of consistent performance.