{
  "cutoff": "2026-06-22",
  "phases": [
    {
      "id": "IS",
      "start": "2010-01-01",
      "end": "2022-12-31",
      "seal": "full ledger committed before either OOS slice"
    },
    {
      "id": "OOS-search",
      "start": "2023-01-01",
      "end": "2024-12-31",
      "selection": false,
      "once": true
    },
    {
      "id": "OOS-confirm",
      "start": "2025-01-01",
      "end": "2026-06-22",
      "selection": false,
      "once": true
    },
    {
      "id": "W-local",
      "start": "2016-09-16",
      "end": "2026-06-22",
      "label": "APPROXIMATE LOCAL"
    },
    {
      "id": "W-full",
      "start": "2004-11-18",
      "end": "2026-06-22",
      "bounds": "evidence/a2/bound_protocol.jsonl"
    }
  ],
  "calendar": {
    "package": "exchange_calendars",
    "version": "4.13.2",
    "calendar": "XNYS",
    "nasdaq_alias": "XNYS",
    "source": "https://pypi.org/project/exchange_calendars/4.13.2/",
    "purpose": "Independent session membership only; daily vendor open remains fill reference. No market prices acquired from this package."
  },
  "aliases": {
    "QQQQ": "QQQ"
  },
  "proxy": {
    "gold": "GLD"
  },
  "models": [
    "CORE_QQQ_GLD",
    "QQQ_HOLD",
    "GLD_HOLD",
    "SPY_HOLD",
    "QQQ_GLD_MONTHLY_50_50",
    "CORE_QQQ_CASH"
  ],
  "settings": [
    {
      "id": "PRIMARY",
      "ma": 200,
      "bps": 5,
      "total_return": true
    },
    {
      "id": "MA150",
      "ma": 150,
      "bps": 5,
      "total_return": true
    },
    {
      "id": "MA250",
      "ma": 250,
      "bps": 5,
      "total_return": true
    },
    {
      "id": "COST0",
      "ma": 200,
      "bps": 0,
      "total_return": true
    },
    {
      "id": "COST10",
      "ma": 200,
      "bps": 10,
      "total_return": true
    },
    {
      "id": "COST25",
      "ma": 200,
      "bps": 25,
      "total_return": true
    },
    {
      "id": "PRICE_ONLY",
      "ma": 200,
      "bps": 5,
      "total_return": false
    }
  ],
  "diagnostics": [
    "calendar-year returns",
    "pre-2023 versus 2023+",
    "ex-top-5 positive strategy-return sessions, same benchmark dates"
  ],
  "diagnostic_conventions": {
    "calendar_year": "Compound the corresponding daily equity returns within each parent ledger; label partial years.",
    "pre_post": "Compound the corresponding daily returns of each parent ledger; retain parent holdings, no retrospective retune.",
    "ex_top5": "Set the five largest positive strategy daily returns and identical benchmark-date returns to zero; preserve elapsed time; diagnostic only; ties by earliest date."
  },
  "account": {
    "initial_equity": 1.0,
    "fractional": true,
    "leverage": false,
    "cash_interest": 0,
    "signals": "completed close price SMA",
    "fills": "next exchange-session open",
    "equality": "retain; GLD or cash fallback when uninitialized",
    "terminal": "pre-scheduled final close liquidation with cost",
    "dividend": "prior-close holdings entitlement; payment-date close cash; next-open reinvestment; terminal receivables at face value"
  },
  "metrics": {
    "cagr": "(final_net_equity/initial_equity) ** (365.2425/elapsed_calendar_days)-1; first scored date to last scored date",
    "max_drawdown": "positive magnitude; daily equity peak includes initial capital and terminal costs",
    "sharpe": "sqrt(252)*daily_mean/sample_std, zero RF; zero variance NA",
    "turnover": "sum absolute traded notional / equity immediately before respective trade batch",
    "switches": "changes of selected core target, excludes initial and terminal scheduled trades",
    "completed_round_trips": "position episodes closed to zero, including terminal; partial rebalance sells are not completed episodes",
    "exposure": "mean fraction of marked equity by asset/cash/receivable before terminal liquidation; session-count denominator"
  },
  "criteria": {
    "H_exact": "NOT EVALUABLE",
    "H_approx": "CAGR >= .30 and DD <= paired QQQ; explicitly approximate diagnostic",
    "R": "CAGR >= QQQ CAGR-.02 AND DD <= QQQ DD-.05; W-local and W-full both required for robust",
    "persistence": "R inequalities separately on the two OOS slices",
    "bounds": "Uniform PASS/FAIL across all 8 W-full TR variants is evaluable with disclosure; flip/uncomputable corner NOT EVALUABLE"
  },
  "source_commit": "d65f8fc",
  "config_blob_sha256": "b928284ade3ba23bf0b461ba73d3f94df4319f51de04c9fa2186aa388b56e8be"
}