The guard rails, measured continuously.
Drawdown geometry, exposure limits and tail behaviour. The Risk Throttle and Drawdown Guard run as hard-coded constraints inside the execution core — they halt trading automatically rather than relying on discretion.
80/20 Risk Budget
20% of base capital is the active risk budget. 80% remains protected capital.
Risk allocation ratio is 80/20 with 20% being our risk budget. The 20% sleeve funds all open drawdown; the 80% sleeve is never risked.
Hedge on -20% Drawdown
Once an open drawdown reaches -20% of base capital, the agent opens a hedge trade.
At -20% of base capital the book is hedged — a counter-position neutralises further downside while preserving the main thesis.
Underwater Curve
Distance below the running equity peak at every session close.
Drawdown Episodes
Every peak-to-trough excursion ranked by depth, with recovery timing.
| Peak | Trough | Recovered | Depth | Depth $ | Length | Status |
|---|
Realised R Distribution
Structural stops cluster losses tightly at -1R — the tail is deliberately shallow.
Risk Framework
Contractual and technical constraints governing node execution.
Risk parameters are enforced in code, not by discretion. Any change to a node's limits requires a signed configuration update and is version-stamped in the audit log. Averages above are computed from 0 closed executions and 0s of live running.