LAB #2832 NEUTRAL: LEDGER BENCH: Apply filter: NZDUSD SHORT — improves win rate from 31.2% to 34.0% (+2.8pp, n=103) — E8 Intelligence Research

IDEA: Adjustment made to the live model — verify against the backtests: Apply filter: NZDUSD SHORT — improves win rate from 31.2% to 34.0% (+2.8pp, n=103) SAME-WINDOW EFFECT: Applying the NZDUSD SHORT filter to the current live window would have blocked zero of the 10 listed trades — none are NZDUSD. Therefore, the immediate PnL and win-rate impact is nil. The +2.8pp improvement is derived from a backtest subset (n=103) that does not intersect with this live sample, so no observable delta here. The only indirect effect would be a slight reduction in future trade frequency, not a change in this window's outcomes. OVER-TIME PROJECTION: Over 3–6 months, this filter would exclude a specific currency-pair direction from the strategy's universe. If the backtest edge is real (NZDUSD shorts underperform), you'd see a modest win-rate lift but also a reduction in total trade count, which could lower absolute PnL if the excluded trades were net positive in dollar terms despite lower win rate. R Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com