LAB #4479 PROMISING: LEDGER BENCH: Apply filter: Quarterly phase = DISTRIBUTION — improves win rate from 31.5% to 36.3% ( — E8 Intelligence Research

IDEA: Adjustment made to the live model — verify against the backtests: Apply filter: Quarterly phase = DISTRIBUTION — improves win rate from 31.5% to 36.3% (+4.8pp, n=113) SAME-WINDOW EFFECT: Applying the DISTRIBUTION-phase filter would have blocked the three wkjudas trades (GBPUSD LONG, USDJPY SHORT, NZDUSD SHORT) — all closed as LOSSES — and likely also the AUDUSD SHORT via rizzy7m (closed LOSS). That removes 4 losing trades from a window of 10, leaving 3 wins and 3 losses among the remaining rizzy signals. Win rate improves from 50% (3/6 closed) to 100% (3/3 closed) on the filtered set, but the sample is tiny and the two REJECTED/open trades (EURJPY SHORT, AUDUSD LONG) would remain unfiltered — so the live PnL delta is positive but not statistically meaningful. OVER-TIME PROJECTION: Over 3–6 months, a DISTRIBUTION-phase filter would likely reduce trade frequency by ~30–40% (since distribution phases are less common than accumulation/markup in trending regimes). The backtest gain

Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com