Losing trades are held 7.2× longer than winning ones (9h vs 1h). A classic sign of reluctance to cut losses — the main source of deep drawdowns.
The real drawdown is deeper than it looks
Max equity drawdown reached 39.6%, while the balance curve shows only 11.0%. The gap is the floating loss of open positions that the balance curve hides.
Deep historical drawdown
Max drawdown reached 39.6% (peak 2026-04-29, trough 2026-05-04). A repeat of this drawdown could be unrecoverable.
Profit is concentrated in a single instrument
96% of all positive PnL comes from XAUUSD (1776 trades). The strategy's result depends on a single market — there is no effective diversification.