LAB #2794 NEUTRAL: LEDGER BENCH: Apply filter: Quarterly phase = MANIPULATION — improves win rate from 31.0% to 31.6% ( — E8 Intelligence Research

IDEA: Adjustment made to the live model — verify against the backtests: Apply filter: Quarterly phase = MANIPULATION — improves win rate from 31.0% to 31.6% (+0.6pp, n=1096) SAME-WINDOW EFFECT: Applying the MANIPULATION-phase filter would have excluded trades outside that quarterly phase. In the current window, the 10 live trades span early August to late July — if the filter only allows MANIPULATION-phase entries, roughly 3-4 of these (likely the rizzy5m GBPUSD shorts and XAUUSD longs clustered in early August) would be retained, while the late-July losses (XAUUSD short, GBPUSD short) might be dropped. The retained subset shows a higher win ratio (approx 3W/1L vs 6W/4L overall), so the immediate win-rate would improve by ~10-15pp on the filtered subset, but the sample is tiny and the rejected USDCHF trade (currently open) would be excluded, reducing live exposure. Net PnL delta is uncertain — you'd avoid some losses but also miss the two confirmed wins on GBPUSD shorts, so the absolu Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com