The verdict block
Two gates, never confused
- PAPER-CONTINUE (keep running on paper):
DSR > 0,PBO < 0.5, fee-adjusted return CI excludes 0 on ≥3 of 5 symbols. - DEPLOY (real money): the stricter bar —
DSR ≥ 0.95,PBO < 0.20,%CPCV-paths-Sharpe<0 < 25%.