Losing trades are held 4.2× longer than winning ones (215h vs 52h). A classic sign of reluctance to cut losses — the main source of deep drawdowns.
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Risk increases after losses
After two or more consecutive losses the average position size grows by 101% (3.64 lots vs the usual 1.81). Scaling up after losses is a martingale pattern that multiplies drawdowns.
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The real drawdown is deeper than it looks
Max equity drawdown reached 29.7%, while the balance curve shows only 20.1%. The gap is the floating loss of open positions that the balance curve hides.