Losses are being sat out
Losing trades are held 4.9× longer than winning ones (151h vs 31h). A classic sign of reluctance to cut losses — the main source of deep drawdowns.
Deep historical drawdown
Max drawdown reached 82.3% (peak 2024-07-18, trough 2024-07-31). A repeat of this drawdown could be unrecoverable.
Risk increases after losses
After two or more consecutive losses the average position size grows by 35% (0.75 lots vs the usual 0.55). Scaling up after losses is a martingale pattern that multiplies drawdowns.
The real drawdown is deeper than it looks
Max equity drawdown reached 82.3%, while the balance curve shows only 24.8%. 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 141 days. An investor in this strategy must be prepared for months without new highs.
Consistently profitable months
32 of 34 months closed positive (94%). A strong indicator of consistent performance.