LAB #2122 NEUTRAL: LEDGER BENCH: Apply filter: Quarterly phase = MANIPULATION — improves win rate from 32.0% to 32.8% ( — E8 Intelligence Research

IDEA: Adjustment made to the live model — verify against the backtests: Apply filter: Quarterly phase = MANIPULATION — improves win rate from 32.0% to 32.8% (+0.8pp, n=1038) SAME-WINDOW EFFECT: Applying the MANIPULATION filter to the 10 live trades above would have removed the two XAUUSD SHORT losses (rizzy5m entries at 4048.74 and 4051.79) and the GBPUSD SHORT loss (rizzy5m entry at 1.34508), assuming those entries fell in that quarterly phase. That removes 3 losses from the 7 closed trades, flipping the closed win rate from 4/7 (57%) to 4/4 (100%) — a massive apparent improvement. However, it would also likely remove the EURJPY SHORT win (rizzy5m) and possibly the USDJPY SHORT (still open), so the net PnL delta is positive but not as dramatic as the win-rate suggests — roughly +2.5R to +3R on this tiny sample. The filter is clearly correlated with avoiding rizzy5m XAUUSD shorts, which are the engine's worst performers in this window. OVER-TIME PROJECTION: Over 3–6 months, a +0.8pp Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com