════════════════════════════════════════════════════════════════════════
  DUAL FX MACRO MODEL — REAL BACKTEST METRICS
  Generated from canonical trade tables (real costs applied)
════════════════════════════════════════════════════════════════════════
  Source EURUSD : data\processed\trades\trades_real_costs.csv
  Source USDJPY : data\processed\usdjpy_trades_real_costs.csv
  Period        : 23.13 years
  Starting bal  : $100,000.00

────────────────────────────────────────────────────────────────────────
  HEADLINE METRICS
────────────────────────────────────────────────────────────────────────
  Sharpe Ratio       : 3.832
  Sortino Ratio      : 5.863
  Calmar Ratio       : 3.672

  Max DD (fixed)     : 3.44% ($-4,683.75)
  Max DD (compound)  : 4.502% ($-23,418.74)

  Final balance (fixed)     : $1,566,106.39
  Final balance (compound)  : $7,011,603.82
  Total return (fixed)      : 1466.11%
  CAGR (fixed)              : 12.63%
  CAGR (compounded)         : 20.17%

────────────────────────────────────────────────────────────────────────
  DYNAMIC TIER SIZING (matches live monitor's risk logic)
────────────────────────────────────────────────────────────────────────
  Sharpe Ratio              : 3.678 (vs 3.832 at 1.0×)
  Max DD (fixed)            : 5.153% ($-6,430.03)
  Max DD (compound)         : 5.782%
  Final balance (fixed)     : $1,995,065.61
  Final balance (compound)  : $9,149,592.87
  Total P&L                 : $1,895,065.61 (vs $1,466,106 at 1.0×)

────────────────────────────────────────────────────────────────────────
  WORST CALENDAR YEAR (FTMO fresh-$100k-account perspective)
────────────────────────────────────────────────────────────────────────
  Worst year (1.0×) : 2013  DD -5.34%  ($-5,336.12)
  Worst year (dyn)  : 2013  DD -7.23%  ($-7,233.89)

  This is the perspective FTMO judges: each challenge is a fresh
  $100k account. The historical worst-year DD is your best estimate
  of likely worst case during a challenge.

────────────────────────────────────────────────────────────────────────
  PER-PAIR BREAKDOWN
────────────────────────────────────────────────────────────────────────
  EURUSD      trades=3661  wins=2736  losses= 925  WR= 74.7%
             total=$  797,729.82  avg_win=$  531.39  avg_loss=$  -709.35
             best=$    579.27  worst=$   -873.86  PF=2.216

  USDJPY      trades= 709  wins= 503  losses= 206  WR= 70.9%
             total=$  668,376.57  avg_win=$1,781.14  avg_loss=$-1,104.54
             best=$  4,100.43  worst=$ -2,113.82  PF=3.937

  COMBINED    trades=4370  wins=3239  losses=1131  WR= 74.1%
             total=$1,466,106.39  avg_win=$  725.47  avg_loss=$  -781.33
             best=$  4,100.43  worst=$ -2,113.82  PF=2.659

────────────────────────────────────────────────────────────────────────
  ANNUAL P&L (fixed-size)
────────────────────────────────────────────────────────────────────────
  2003  +$ 12,761.84  ██
  2004  +$ 24,040.80  ████
  2005  +$ 48,091.67  █████████
  2006  +$ 64,606.80  ████████████
  2007  +$ 61,908.04  ████████████
  2008  +$116,910.32  ███████████████████████
  2009  +$ 76,150.51  ███████████████
  2010  +$ 85,119.97  █████████████████
  2011  +$ 72,734.37  ██████████████
  2012  +$ 55,815.67  ███████████
  2013  +$ 64,918.31  ████████████
  2014  +$ 71,817.42  ██████████████
  2015  +$116,888.94  ███████████████████████
  2016  +$ 68,635.03  █████████████
  2017  +$ 49,551.01  █████████
  2018  +$ 40,086.61  ████████
  2019  +$ 40,711.70  ████████
  2020  +$ 63,490.94  ████████████
  2021  +$ 40,877.33  ████████
  2022  +$ 84,752.30  ████████████████
  2023  +$ 73,538.67  ██████████████
  2024  +$ 58,173.19  ███████████
  2025  +$ 56,111.98  ███████████
  2026  +$ 18,412.97  ███

════════════════════════════════════════════════════════════════════════
  Equity curve JSON written to: data\output\dashboard_equity.json
  This summary at:              data\output\equity_summary.txt
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