Standing laws
• Paper only. Live keys stay out.
• Regime filter stays until a run proves it is the leak.
• Do not size up to beat HL costs.
• 15 trades/year is acceptable.
• Keep if net improves OR cost drag of gross < 0.40, AND max DD ≤ 16%, AND trades ≤ 25.
• Kill if max DD > 20% or it only wins on GOLD.
• R4A BE-delay = FAIL. Do not revive or blend.