Parameter	Value
Lot Size	0.01
Stop Loss	300 points
Take Profit	600 points
Break-even Trigger	150 points
Break-even Offset	0 points
Trailing Start	200 points
Trailing Distance	200 points
Maximum Spread	30 points
Range Bars	20
Rejection Wick Ratio	0.5

3. Performance Results

Metric	Result
Initial Deposit	$1,000.00
Net Profit	-$400.13
Gross Profit	$2,781.94
Gross Loss	-$3,182.07
Profit Factor	0.87
Expected Payoff	-$0.15
Recovery Factor	-0.89
Sharpe Ratio	-5.00
Max Balance Drawdown	$446.39 (44.42%)
Max Equity Drawdown	$448.61 (44.56%)
Total Trades	2,589
Total Deals	5,178
Winning Trades	1,216 (46.97%)
Losing Trades	1,373 (53.03%)
Average Profit Trade	$2.29
Average Loss Trade	-$2.32
Largest Profit Trade	$7.54
Largest Loss Trade	-$6.94
Average Holding Time	00:03:02

4. Directional Results

Direction	Trades	Win Rate
SELL	1,396	48.42%
BUY	1,193	45.26%

Both directions had win rates below 50%. SELL performed better than BUY in this baseline, but this observation alone does not establish a reliable directional edge.

5. Assessment

Baseline Classification: FAIL

Reasons:

Net profit is negative.
Profit Factor is below 1.0.
Expected Payoff is negative.
Sharpe Ratio is negative.
Maximum equity drawdown is 44.56%.
Both BUY and SELL have win rates below 50%.

The test generated 2,589 trades, providing a substantial initial sample for investigation. However, the results do not demonstrate a profitable baseline.

6. Research Decision

Stage	Status
Strategy Code	COMPLETE
Baseline Backtest	COMPLETE
Baseline Assessment	FAIL
Controlled Research	REQUIRED
Broad Optimization	BLOCKED
Out-of-Sample Validation	NOT STARTED
Walk-Forward Validation	NOT STARTED
Forward Test	NOT STARTED
Live Trading	NOT APPROVED

7. Conclusion

Do not treat this backtest as evidence of a production-ready EA. Preserve the baseline report and investigate the range definition, rejection criteria, directional performance and exit management through controlled experiments before considering further validation.