Stage 5 Comparison

Compare portfolio runs by risk-adjusted evidence. Promotion remains an explicit, versioned decision.

Status	Strategy / run	Split	Total return	CAGR	SPY CAGR	Excess CAGR	Max DD	SPY DD	Calmar	Sharpe	Sortino	Profit factor	Expectancy (R)	Payoff	Hit	Trades	Avg hold	Avg win	Avg loss	Entry funnel	Fill / qualified	Cost-basis cap	Costs	Turnover
eligible	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C10 equity_curve_tht_uncapped_finalists_holdout_2025	locked_holdout_2025	74.7%	75.3%	18.1%	57.2%	12.7%	18.8%	5.92	2.18	4.05	5.25	1.91	4.27	55.1%	107	38d	43.4%	6.7%	55,316 → 3,537 → 3,537 → 3,484 → 107 observed · qualified · market · attempts · fills· 213 band rejects	3.0%	10.0%	$197	12.1×
eligible	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	80.8%	81.5%	18.1%	63.4%	17.1%	18.8%	4.76	2.30	4.14	5.24	2.17	5.47	48.9%	45	37d	108.9%	12.8%	55,316 → 1,915 → 954 → 954 → 45 observed · qualified · market · attempts · fills	2.3%	10.0%	$104	7.0×
eligible	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	79.3%	80.0%	18.1%	61.9%	18.5%	18.8%	4.33	2.10	3.45	2.72	1.00	3.77	41.9%	93	33d	66.3%	10.6%	55,316 → 1,915 → 1,915 → 1,871 → 93 observed · qualified · market · attempts · fills	4.9%	10.0%	$244	17.7×
eligible	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	78.6%	79.3%	18.1%	61.1%	23.3%	18.8%	3.40	2.03	3.40	2.76	1.09	4.52	37.9%	95	34d	66.2%	10.7%	55,316 → 1,915 → 1,915 → 1,871 → 95 observed · qualified · market · attempts · fills	5.0%	10.0%	$250	17.0×
eligible	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C15 equity_curve_tht_uncapped_finalists_holdout_2025	locked_holdout_2025	52.9%	53.3%	18.1%	35.2%	15.9%	18.8%	3.35	2.25	3.69	3.24	1.05	2.89	52.8%	106	32d	29.2%	7.7%	55,316 → 3,537 → 3,537 → 3,484 → 106 observed · qualified · market · attempts · fills· 213 band rejects	3.0%	15.0%	$202	12.7×
eligible	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_wide_holdout_2025	holdout	70.0%	70.6%	18.1%	52.4%	21.5%	18.8%	3.28	2.03	3.45	3.67	1.47	4.47	45.1%	51	33d	106.7%	15.3%	55,316 → 1,915 → 954 → 954 → 51 observed · qualified · market · attempts · fills	2.7%	10.0%	$110	7.2×
eligible	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	50.5%	50.9%	18.1%	32.8%	15.6%	18.8%	3.26	2.07	3.74	3.92	1.43	3.75	51.1%	45	34d	67.5%	12.3%	55,316 → 1,915 → 954 → 954 → 45 observed · qualified · market · attempts · fills	2.3%	10.0%	$103	6.6×
eligible	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	37.6%	37.9%	18.1%	19.7%	12.0%	18.8%	3.15	1.83	3.26	3.89	1.30	3.18	55.0%	40	36d	46.1%	12.2%	55,316 → 1,915 → 954 → 954 → 40 observed · qualified · market · attempts · fills	2.1%	10.0%	$87	5.9×
eligible	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	57.0%	57.4%	18.1%	39.3%	18.6%	18.8%	3.09	1.90	3.22	3.51	1.43	4.62	43.2%	44	37d	112.8%	13.3%	55,316 → 1,915 → 954 → 954 → 44 observed · qualified · market · attempts · fills	2.3%	10.0%	$100	6.7×
eligible	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_wide_holdout_2025	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT_RISK_CONTROL_BX_R075 equity_curve_tht_risk_throttle_holdout_2025	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT_RISK_CONTROL_BX_R075 equity_curve_tht_risk_throttle_holdout_2025_v2	holdout	59.9%	60.4%	18.1%	42.3%	20.5%	18.8%	2.95	1.85	3.13	3.22	1.37	5.25	38.0%	50	33d	101.1%	14.7%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	67.7%	68.3%	18.1%	50.1%	24.5%	18.8%	2.79	1.96	3.33	3.62	1.36	3.93	47.9%	48	36d	122.0%	16.2%	55,316 → 1,915 → 954 → 954 → 48 observed · qualified · market · attempts · fills	2.5%	10.0%	$105	6.6×
eligible	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C20 equity_curve_tht_uncapped_finalists_holdout_2025	locked_holdout_2025	44.2%	44.6%	18.1%	26.4%	16.9%	18.8%	2.63	1.94	3.03	2.73	0.87	2.73	50.0%	104	32d	30.6%	8.0%	55,316 → 3,537 → 3,537 → 3,484 → 104 observed · qualified · market · attempts · fills· 213 band rejects	2.9%	20.0%	$197	12.4×
eligible	THT_RECYCLE_R075_NONE equity_curve_tht_wide_holdout_2025	holdout	56.0%	56.4%	18.1%	38.3%	21.5%	18.8%	2.63	1.74	2.88	2.93	1.27	5.68	34.0%	50	34d	112.9%	14.5%	55,316 → 1,915 → 954 → 954 → 50 observed · qualified · market · attempts · fills	2.6%	10.0%	$109	7.2×
eligible	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_holdout_2025_v3	holdout	33.1%	33.4%	18.1%	15.2%	15.2%	18.8%	2.20	1.43	2.37	2.87	0.85	2.40	54.5%	44	33d	43.3%	12.9%	55,316 → 1,915 → 954 → 954 → 44 observed · qualified · market · attempts · fills	2.3%	10.0%	$94	6.3×
eligible	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_wide_holdout_2025	holdout	42.6%	42.9%	18.1%	24.8%	21.5%	18.8%	2.00	1.62	2.65	2.63	0.90	3.20	45.1%	51	30d	74.4%	15.3%	55,316 → 1,915 → 954 → 954 → 51 observed · qualified · market · attempts · fills	2.7%	10.0%	$108	7.0×
eligible	THT_RISK_BX_075_050_000 equity_curve_tht_risk_throttle_holdout_2025_v2	holdout	35.7%	36.0%	18.1%	17.8%	21.8%	18.8%	1.65	1.49	2.39	1.90	0.59	3.69	33.9%	109	31d	36.0%	10.2%	55,316 → 1,915 → 1,915 → 1,871 → 109 observed · qualified · market · attempts · fills	5.7%	10.0%	$229	15.0×
eligible	THT_RISK_BX_075_025_000 equity_curve_tht_risk_throttle_holdout_2025_v2	holdout	29.9%	30.1%	18.1%	12.0%	19.4%	18.8%	1.55	1.40	2.26	1.87	0.57	3.59	34.3%	108	30d	35.9%	9.6%	55,316 → 1,915 → 1,915 → 1,871 → 108 observed · qualified · market · attempts · fills	5.6%	10.0%	$194	11.7×
eligible	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_wide_holdout_2025	holdout	27.2%	27.4%	18.1%	9.3%	20.6%	18.8%	1.33	1.19	1.91	2.06	0.60	2.67	43.5%	46	33d	59.1%	29.3%	55,316 → 1,915 → 954 → 954 → 46 observed · qualified · market · attempts · fills	2.4%	10.0%	$105	6.9×
eligible	THT_TR_TOP1000_ATH_TRIM50_FV_R150_C15 equity_curve_tht_uncapped_finalists_holdout_2025	locked_holdout_2025	20.2%	20.3%	18.1%	2.2%	16.4%	18.8%	1.24	1.30	1.85	1.95	0.46	1.81	51.9%	104	35d	11.8%	6.4%	55,316 → 2,462 → 2,462 → 2,425 → 104 observed · qualified · market · attempts · fills· 146 band rejects	4.2%	15.0%	$199	11.8×
research no holdout	THT_RECYCLE_R075_D21_N3_EXIT equity_curve_tht_recycling_validation	validation	67.9%	29.7%	25.9%	3.8%	9.0%	10.0%	3.31	1.33	2.84	4.56	1.66	3.98	53.4%	88	32d	34.2%	8.5%	106,406 → 2,981 → 1,562 → 1,562 → 88 observed · qualified · market · attempts · fills	3.0%	10.0%	$221	15.2×
research no holdout	THT_RECYCLE_R075_D21_N3_EXIT equity_curve_tht_recycling_validation	validation	67.9%	29.7%	25.9%	3.8%	9.0%	10.0%	3.31	1.33	2.84	4.56	1.66	3.98	53.4%	88	32d	34.2%	8.5%	106,406 → 2,981 → 1,562 → 1,562 → 88 observed · qualified · market · attempts · fills	3.0%	10.0%	$221	15.2×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C15 equity_curve_tht_deployment_validation	validation	37.8%	17.5%	25.9%	-8.4%	5.6%	10.0%	3.12	1.77	2.74	3.37	1.07	2.77	54.9%	82	42d	16.2%	6.2%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	14.4%	$190	13.0×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C15 equity_curve_tht_deployment_validation	validation	37.8%	17.5%	25.9%	-8.4%	5.6%	10.0%	3.12	1.77	2.74	3.37	1.07	2.77	54.9%	82	42d	16.2%	6.2%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	14.4%	$190	13.0×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C20 equity_curve_tht_deployment_validation	validation	37.8%	17.5%	25.9%	-8.4%	5.6%	10.0%	3.12	1.77	2.74	3.37	1.07	2.77	54.9%	82	42d	16.2%	6.2%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	14.4%	$190	13.0×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C20 equity_curve_tht_deployment_validation	validation	37.8%	17.5%	25.9%	-8.4%	5.6%	10.0%	3.12	1.77	2.74	3.37	1.07	2.77	54.9%	82	42d	16.2%	6.2%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	14.4%	$190	13.0×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C25 equity_curve_tht_deployment_validation	validation	37.8%	17.5%	25.9%	-8.4%	5.6%	10.0%	3.12	1.77	2.74	3.37	1.07	2.77	54.9%	82	42d	16.2%	6.2%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	14.4%	$190	13.0×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C25 equity_curve_tht_deployment_validation	validation	37.8%	17.5%	25.9%	-8.4%	5.6%	10.0%	3.12	1.77	2.74	3.37	1.07	2.77	54.9%	82	42d	16.2%	6.2%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	14.4%	$190	13.0×
research no holdout	THT_REV_X3 tht_revised_stage_x_smoke	smoke_2021	25.8%	26.1%	—	—	8.5%	—	3.07	1.66	2.42	2.81	0.93	3.01	48.2%	85	47d	16.0%	5.5%	48,081 → 4,666 → 4,666 → 4,591 → 85 observed · qualified · market · attempts · fills· 192 band rejects	1.8%	15.0%	$200	11.3×
research no holdout	THT_DEPLOY_R075_C15 equity_curve_tht_deployment_validation	validation	72.3%	31.4%	25.9%	5.5%	10.6%	10.0%	2.96	1.46	2.96	4.54	1.96	5.63	44.6%	65	45d	62.4%	90.8%	106,406 → 2,981 → 1,562 → 1,562 → 65 observed · qualified · market · attempts · fills	2.2%	15.0%	$174	12.4×
research no holdout	THT_DEPLOY_R075_C15 equity_curve_tht_deployment_validation	validation	72.3%	31.4%	25.9%	5.5%	10.6%	10.0%	2.96	1.46	2.96	4.54	1.96	5.63	44.6%	65	45d	62.4%	90.8%	106,406 → 2,981 → 1,562 → 1,562 → 65 observed · qualified · market · attempts · fills	2.2%	15.0%	$174	12.4×
research no holdout	THT_DEPLOY_R075_C20 equity_curve_tht_deployment_validation	validation	76.0%	32.8%	25.9%	6.9%	12.0%	10.0%	2.73	1.51	3.12	5.20	2.33	6.50	44.4%	63	46d	63.9%	95.0%	106,406 → 2,981 → 1,562 → 1,562 → 63 observed · qualified · market · attempts · fills	2.1%	20.0%	$175	12.7×
research no holdout	THT_DEPLOY_R075_C20 equity_curve_tht_deployment_validation	validation	76.0%	32.8%	25.9%	6.9%	12.0%	10.0%	2.73	1.51	3.12	5.20	2.33	6.50	44.4%	63	46d	63.9%	95.0%	106,406 → 2,981 → 1,562 → 1,562 → 63 observed · qualified · market · attempts · fills	2.1%	20.0%	$175	12.7×
research no holdout · CAGR ≤ SPY	THT_ENTRY_NEAR_CONTROL equity_curve_tht_entry_semantics_development.stale-20260719T071314Z	development	3.7%	0.9%	13.1%	-12.2%	0.3%	33.7%	2.69	1.54	2.70	47.04	15.35	23.52	66.7%	6	45d	26.2%	1.1%	186,103 → 12,008 → 7,701 → 7,662 → 6 observed · qualified · market · attempts · fills	0.0%	7.0%	$9	0.5×
research no holdout	THT_DEPLOY_R075_C10 equity_curve_tht_deployment_validation	validation	75.4%	32.6%	25.9%	6.7%	12.4%	10.0%	2.62	1.46	3.13	5.35	2.21	5.50	49.3%	75	49d	65.4%	173.5%	106,406 → 2,981 → 1,562 → 1,562 → 75 observed · qualified · market · attempts · fills	2.5%	10.0%	$171	11.5×
research no holdout	THT_DEPLOY_R075_C10 equity_curve_tht_deployment_validation	validation	75.4%	32.6%	25.9%	6.7%	12.4%	10.0%	2.62	1.46	3.13	5.35	2.21	5.50	49.3%	75	49d	65.4%	173.5%	106,406 → 2,981 → 1,562 → 1,562 → 75 observed · qualified · market · attempts · fills	2.5%	10.0%	$171	11.5×
research no holdout · CAGR ≤ SPY	THT_ADD_NONE equity_curve_tht_add_validation	validation	17.6%	8.5%	25.9%	-17.4%	3.3%	10.0%	2.56	1.64	2.54	3.57	1.16	2.91	55.1%	69	44d	17.0%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$102	5.3×
research no holdout · CAGR ≤ SPY	THT_ADD_NONE equity_curve_tht_add_validation	validation	17.6%	8.5%	25.9%	-17.4%	3.3%	10.0%	2.56	1.64	2.54	3.57	1.16	2.91	55.1%	69	44d	17.0%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$102	5.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C15 equity_curve_tht_breadth_validation	validation	17.6%	8.5%	25.9%	-17.4%	3.3%	10.0%	2.56	1.64	2.54	3.57	1.16	2.91	55.1%	69	44d	17.0%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$102	5.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C15 equity_curve_tht_breadth_validation	validation	17.6%	8.5%	25.9%	-17.4%	3.3%	10.0%	2.56	1.64	2.54	3.57	1.16	2.91	55.1%	69	44d	17.0%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$102	5.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C20 equity_curve_tht_breadth_validation	validation	17.6%	8.5%	25.9%	-17.4%	3.3%	10.0%	2.56	1.64	2.54	3.57	1.16	2.91	55.1%	69	44d	17.0%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$102	5.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C20 equity_curve_tht_breadth_validation	validation	17.6%	8.5%	25.9%	-17.4%	3.3%	10.0%	2.56	1.64	2.54	3.57	1.16	2.91	55.1%	69	44d	17.0%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$102	5.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C10 equity_curve_tht_deployment_validation	validation	36.7%	17.0%	25.9%	-8.9%	6.8%	10.0%	2.50	1.69	2.58	3.33	1.00	2.50	57.1%	91	42d	16.1%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 91 observed · qualified · market · attempts · fills	3.1%	10.0%	$185	11.9×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R050_C10 equity_curve_tht_deployment_validation	validation	36.7%	17.0%	25.9%	-8.9%	6.8%	10.0%	2.50	1.69	2.58	3.33	1.00	2.50	57.1%	91	42d	16.1%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 91 observed · qualified · market · attempts · fills	3.1%	10.0%	$185	11.9×
research no holdout	THT_DEPLOY_R100_C10 equity_curve_tht_deployment_validation	validation	93.0%	39.1%	25.9%	13.2%	15.7%	10.0%	2.50	1.45	3.36	6.50	2.79	6.69	49.3%	69	48d	54.4%	134.1%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$170	11.7×
research no holdout	THT_DEPLOY_R100_C10 equity_curve_tht_deployment_validation	validation	93.0%	39.1%	25.9%	13.2%	15.7%	10.0%	2.50	1.45	3.36	6.50	2.79	6.69	49.3%	69	48d	54.4%	134.1%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$170	11.7×
research no holdout	THT_RECYCLE_R100_D21_N2_NEG equity_curve_tht_recycling_validation	validation	89.5%	37.8%	25.9%	11.9%	15.3%	10.0%	2.47	1.48	3.33	5.41	2.12	5.02	51.8%	81	35d	41.5%	8.5%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$209	14.4×
research no holdout	THT_RECYCLE_R100_D21_N2_NEG equity_curve_tht_recycling_validation	validation	89.5%	37.8%	25.9%	11.9%	15.3%	10.0%	2.47	1.48	3.33	5.41	2.12	5.02	51.8%	81	35d	41.5%	8.5%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$209	14.4×
research no holdout	THT_RECYCLE_R075_D21_N1_TRIM25 equity_curve_tht_recycling_validation	validation	66.7%	29.2%	25.9%	3.3%	11.9%	10.0%	2.45	1.44	2.89	4.19	1.63	4.39	48.8%	86	39d	42.3%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 86 observed · qualified · market · attempts · fills	2.9%	10.0%	$207	13.9×
research no holdout	THT_RECYCLE_R075_D21_N1_TRIM25 equity_curve_tht_recycling_validation	validation	66.7%	29.2%	25.9%	3.3%	11.9%	10.0%	2.45	1.44	2.89	4.19	1.63	4.39	48.8%	86	39d	42.3%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 86 observed · qualified · market · attempts · fills	2.9%	10.0%	$207	13.9×
research no holdout	THT_RECYCLE_R075_D21_N2_NEG equity_curve_tht_recycling_validation	validation	74.3%	32.1%	25.9%	6.2%	13.1%	10.0%	2.45	1.45	3.11	4.77	1.92	4.98	48.9%	90	35d	39.1%	13.5%	106,406 → 2,981 → 1,562 → 1,562 → 90 observed · qualified · market · attempts · fills	3.0%	10.0%	$218	14.8×
research no holdout	THT_RECYCLE_R075_D21_N2_NEG equity_curve_tht_recycling_validation	validation	74.3%	32.1%	25.9%	6.2%	13.1%	10.0%	2.45	1.45	3.11	4.77	1.92	4.98	48.9%	90	35d	39.1%	13.5%	106,406 → 2,981 → 1,562 → 1,562 → 90 observed · qualified · market · attempts · fills	3.0%	10.0%	$218	14.8×
research no holdout	THT_RECYCLE_R075_D21_N1_NEG equity_curve_tht_recycling_validation	validation	66.8%	29.3%	25.9%	3.4%	12.0%	10.0%	2.45	1.43	2.88	4.18	1.70	4.80	46.5%	86	38d	43.8%	9.7%	106,406 → 2,981 → 1,562 → 1,562 → 86 observed · qualified · market · attempts · fills	2.9%	10.0%	$205	13.8×
research no holdout	THT_RECYCLE_R075_D21_N1_NEG equity_curve_tht_recycling_validation	validation	66.8%	29.3%	25.9%	3.4%	12.0%	10.0%	2.45	1.43	2.88	4.18	1.70	4.80	46.5%	86	38d	43.8%	9.7%	106,406 → 2,981 → 1,562 → 1,562 → 86 observed · qualified · market · attempts · fills	2.9%	10.0%	$205	13.8×
research no holdout	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C10_EX_TOP2 equity_curve_tht_uncapped_sensitivity_top2_2025	concentration_sensitivity_top2	31.6%	31.8%	18.1%	13.6%	13.1%	18.8%	2.42	1.51	2.50	2.54	0.68	2.00	55.9%	102	36d	19.4%	8.1%	55,210 → 3,509 → 3,509 → 3,456 → 102 observed · qualified · market · attempts · fills· 213 band rejects	2.9%	10.0%	$180	10.8×
research no holdout	THT_RECYCLE_R100_D21_N2_EXIT equity_curve_tht_recycling_validation	validation	71.0%	30.9%	25.9%	5.0%	13.0%	10.0%	2.37	1.25	2.77	3.94	1.56	4.45	47.0%	83	33d	48.7%	12.2%	106,406 → 2,981 → 1,562 → 1,562 → 83 observed · qualified · market · attempts · fills	2.8%	10.0%	$211	14.4×
research no holdout	THT_RECYCLE_R100_D21_N2_EXIT equity_curve_tht_recycling_validation	validation	71.0%	30.9%	25.9%	5.0%	13.0%	10.0%	2.37	1.25	2.77	3.94	1.56	4.45	47.0%	83	33d	48.7%	12.2%	106,406 → 2,981 → 1,562 → 1,562 → 83 observed · qualified · market · attempts · fills	2.8%	10.0%	$211	14.4×
research no holdout	THT_RECYCLE_R075_D21_N2_EXIT equity_curve_tht_recycling_validation	validation	76.2%	32.9%	25.9%	7.0%	13.9%	10.0%	2.37	1.31	2.91	4.43	1.69	4.32	50.6%	85	33d	44.8%	9.4%	106,406 → 2,981 → 1,562 → 1,562 → 85 observed · qualified · market · attempts · fills	2.9%	10.0%	$218	14.8×
research no holdout	THT_RECYCLE_R075_D21_N2_EXIT equity_curve_tht_recycling_validation	validation	76.2%	32.9%	25.9%	7.0%	13.9%	10.0%	2.37	1.31	2.91	4.43	1.69	4.32	50.6%	85	33d	44.8%	9.4%	106,406 → 2,981 → 1,562 → 1,562 → 85 observed · qualified · market · attempts · fills	2.9%	10.0%	$218	14.8×
research no holdout	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_recycling_validation	validation	74.3%	32.2%	25.9%	6.3%	13.6%	10.0%	2.37	1.38	3.17	5.03	1.89	4.45	53.1%	81	35d	38.7%	8.6%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$204	13.7×
research no holdout	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_recycling_validation	validation	74.3%	32.2%	25.9%	6.3%	13.6%	10.0%	2.37	1.38	3.17	5.03	1.89	4.45	53.1%	81	35d	38.7%	8.6%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$204	13.7×
research no holdout	THT_RECYCLE_R100_D21_N1_NEG equity_curve_tht_recycling_validation	validation	83.9%	35.8%	25.9%	9.9%	15.6%	10.0%	2.29	1.40	3.12	4.88	2.09	5.69	46.2%	78	39d	47.8%	8.2%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$197	13.5×
research no holdout	THT_RECYCLE_R100_D21_N1_NEG equity_curve_tht_recycling_validation	validation	83.9%	35.8%	25.9%	9.9%	15.6%	10.0%	2.29	1.40	3.12	4.88	2.09	5.69	46.2%	78	39d	47.8%	8.2%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$197	13.5×
research no holdout	THT_RECYCLE_R075_D21_N1_EXIT equity_curve_tht_recycling_validation	validation	58.5%	26.0%	25.9%	0.1%	11.4%	10.0%	2.27	1.34	2.65	3.56	1.39	4.20	45.9%	85	37d	43.6%	9.2%	106,406 → 2,981 → 1,562 → 1,562 → 85 observed · qualified · market · attempts · fills	2.9%	10.0%	$212	14.2×
research no holdout	THT_RECYCLE_R075_D21_N1_EXIT equity_curve_tht_recycling_validation	validation	58.5%	26.0%	25.9%	0.1%	11.4%	10.0%	2.27	1.34	2.65	3.56	1.39	4.20	45.9%	85	37d	43.6%	9.2%	106,406 → 2,981 → 1,562 → 1,562 → 85 observed · qualified · market · attempts · fills	2.9%	10.0%	$212	14.2×
research no holdout	THT_RECYCLE_R075_D42_N1_EXIT equity_curve_tht_recycling_validation	validation	61.0%	27.0%	25.9%	1.1%	11.9%	10.0%	2.27	1.33	2.71	3.79	1.57	4.87	43.8%	80	41d	48.2%	9.8%	106,406 → 2,981 → 1,562 → 1,562 → 80 observed · qualified · market · attempts · fills	2.7%	10.0%	$197	13.1×
research no holdout	THT_RECYCLE_R075_D42_N1_EXIT equity_curve_tht_recycling_validation	validation	61.0%	27.0%	25.9%	1.1%	11.9%	10.0%	2.27	1.33	2.71	3.79	1.57	4.87	43.8%	80	41d	48.2%	9.8%	106,406 → 2,981 → 1,562 → 1,562 → 80 observed · qualified · market · attempts · fills	2.7%	10.0%	$197	13.1×
research no holdout	THT_RECYCLE_R100_D21_N1_TRIM25 equity_curve_tht_recycling_validation	validation	83.3%	35.5%	25.9%	9.6%	15.8%	10.0%	2.25	1.39	3.12	4.87	2.03	5.38	47.5%	80	40d	45.4%	10.8%	106,406 → 2,981 → 1,562 → 1,562 → 80 observed · qualified · market · attempts · fills	2.7%	10.0%	$200	13.5×
research no holdout	THT_RECYCLE_R100_D21_N1_TRIM25 equity_curve_tht_recycling_validation	validation	83.3%	35.5%	25.9%	9.6%	15.8%	10.0%	2.25	1.39	3.12	4.87	2.03	5.38	47.5%	80	40d	45.4%	10.8%	106,406 → 2,981 → 1,562 → 1,562 → 80 observed · qualified · market · attempts · fills	2.7%	10.0%	$200	13.5×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C15 equity_curve_tht_deployment_validation	validation	32.6%	15.2%	25.9%	-10.7%	6.8%	10.0%	2.25	1.73	2.63	3.40	1.03	2.57	57.0%	93	42d	15.9%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.9%	$170	10.4×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C15 equity_curve_tht_deployment_validation	validation	32.6%	15.2%	25.9%	-10.7%	6.8%	10.0%	2.25	1.73	2.63	3.40	1.03	2.57	57.0%	93	42d	15.9%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.9%	$170	10.4×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C20 equity_curve_tht_deployment_validation	validation	32.6%	15.2%	25.9%	-10.7%	6.8%	10.0%	2.25	1.73	2.63	3.40	1.03	2.57	57.0%	93	42d	15.9%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.9%	$170	10.4×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C20 equity_curve_tht_deployment_validation	validation	32.6%	15.2%	25.9%	-10.7%	6.8%	10.0%	2.25	1.73	2.63	3.40	1.03	2.57	57.0%	93	42d	15.9%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.9%	$170	10.4×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C25 equity_curve_tht_deployment_validation	validation	32.6%	15.2%	25.9%	-10.7%	6.8%	10.0%	2.25	1.73	2.63	3.40	1.03	2.57	57.0%	93	42d	15.9%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.9%	$170	10.4×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C25 equity_curve_tht_deployment_validation	validation	32.6%	15.2%	25.9%	-10.7%	6.8%	10.0%	2.25	1.73	2.63	3.40	1.03	2.57	57.0%	93	42d	15.9%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.9%	$170	10.4×
research no holdout	THT_RECYCLE_R100_D63_N3_EXIT equity_curve_tht_recycling_validation	validation	84.6%	36.0%	25.9%	10.1%	16.2%	10.0%	2.22	1.34	3.12	4.75	2.03	5.57	46.1%	76	40d	50.1%	10.9%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$194	13.4×
research no holdout	THT_RECYCLE_R100_D63_N3_EXIT equity_curve_tht_recycling_validation	validation	84.6%	36.0%	25.9%	10.1%	16.2%	10.0%	2.22	1.34	3.12	4.75	2.03	5.57	46.1%	76	40d	50.1%	10.9%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$194	13.4×
research no holdout	THT_RECYCLE_R100_D42_N1_EXIT equity_curve_tht_recycling_validation	validation	77.7%	33.4%	25.9%	7.5%	15.1%	10.0%	2.21	1.35	3.05	4.65	2.06	6.02	43.6%	78	40d	49.2%	10.7%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$193	13.1×
research no holdout	THT_RECYCLE_R100_D42_N1_EXIT equity_curve_tht_recycling_validation	validation	77.7%	33.4%	25.9%	7.5%	15.1%	10.0%	2.21	1.35	3.05	4.65	2.06	6.02	43.6%	78	40d	49.2%	10.7%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$193	13.1×
research no holdout	THT_RECYCLE_R100_D63_N2_EXIT equity_curve_tht_recycling_validation	validation	85.6%	36.4%	25.9%	10.5%	16.5%	10.0%	2.21	1.35	3.15	4.73	2.01	5.56	46.0%	74	41d	52.0%	11.0%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$192	13.4×
research no holdout	THT_RECYCLE_R100_D63_N2_EXIT equity_curve_tht_recycling_validation	validation	85.6%	36.4%	25.9%	10.5%	16.5%	10.0%	2.21	1.35	3.15	4.73	2.01	5.56	46.0%	74	41d	52.0%	11.0%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$192	13.4×
research no holdout · CAGR ≤ SPY	THT_ENTRY_LOWER_HALF equity_curve_tht_entry_semantics_development.stale-20260719T071314Z	development	3.0%	0.8%	13.1%	-12.3%	0.3%	33.7%	2.20	1.38	2.49	40.74	13.25	20.37	66.7%	3	69d	43.1%	2.1%	186,103 → 4,945 → 3,147 → 3,130 → 3 observed · qualified · market · attempts · fills	0.1%	3.6%	$5	0.2×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT equity_curve_tht_entry_semantics_development.stale-20260719T071314Z	development	3.0%	0.8%	13.1%	-12.3%	0.3%	33.7%	2.20	1.38	2.49	40.74	13.25	20.37	66.7%	3	69d	43.1%	2.1%	186,103 → 9,665 → 6,179 → 6,144 → 3 observed · qualified · market · attempts · fills	0.0%	3.6%	$5	0.2×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT_FILL equity_curve_tht_entry_semantics_development.stale-20260719T071314Z	development	3.0%	0.8%	13.1%	-12.3%	0.3%	33.7%	2.20	1.38	2.49	40.74	13.25	20.37	66.7%	3	69d	43.1%	2.1%	186,103 → 9,665 → 6,179 → 6,144 → 3 observed · qualified · market · attempts · fills	0.0%	3.6%	$5	0.2×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_LIMIT equity_curve_tht_entry_semantics_development.stale-20260719T071314Z	development	3.0%	0.8%	13.1%	-12.3%	0.3%	33.7%	2.20	1.38	2.49	40.74	13.25	20.37	66.7%	3	69d	43.1%	2.1%	186,103 → 9,665 → 6,179 → 6,144 → 3 observed · qualified · market · attempts · fills	0.0%	3.6%	$5	0.2×
research no holdout	THT_RECYCLE_R075_D21_N3_NEG equity_curve_tht_recycling_validation	validation	75.5%	32.6%	25.9%	6.7%	14.8%	10.0%	2.20	1.35	3.03	4.65	1.99	5.54	45.6%	92	32d	39.5%	10.6%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$224	15.2×
research no holdout	THT_RECYCLE_R075_D21_N3_NEG equity_curve_tht_recycling_validation	validation	75.5%	32.6%	25.9%	6.7%	14.8%	10.0%	2.20	1.35	3.03	4.65	1.99	5.54	45.6%	92	32d	39.5%	10.6%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$224	15.2×
research no holdout	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_recycling_validation	validation	84.6%	36.0%	25.9%	10.1%	16.5%	10.0%	2.18	1.34	3.13	4.68	2.02	5.68	45.2%	73	42d	53.4%	11.7%	106,406 → 2,981 → 1,562 → 1,562 → 73 observed · qualified · market · attempts · fills	2.4%	10.0%	$187	12.9×
research no holdout	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_recycling_validation	validation	84.6%	36.0%	25.9%	10.1%	16.5%	10.0%	2.18	1.34	3.13	4.68	2.02	5.68	45.2%	73	42d	53.4%	11.7%	106,406 → 2,981 → 1,562 → 1,562 → 73 observed · qualified · market · attempts · fills	2.4%	10.0%	$187	12.9×
research no holdout	THT_RECYCLE_R100_D21_N2_TRIM25 equity_curve_tht_recycling_validation	validation	82.2%	35.1%	25.9%	9.2%	16.2%	10.0%	2.17	1.34	3.11	4.72	1.93	5.07	48.2%	83	35d	42.1%	10.7%	106,406 → 2,981 → 1,562 → 1,562 → 83 observed · qualified · market · attempts · fills	2.8%	10.0%	$212	14.3×
research no holdout	THT_RECYCLE_R100_D21_N2_TRIM25 equity_curve_tht_recycling_validation	validation	82.2%	35.1%	25.9%	9.2%	16.2%	10.0%	2.17	1.34	3.11	4.72	1.93	5.07	48.2%	83	35d	42.1%	10.7%	106,406 → 2,981 → 1,562 → 1,562 → 83 observed · qualified · market · attempts · fills	2.8%	10.0%	$212	14.3×
research no holdout	THT_RECYCLE_R100_D21_N1_EXIT equity_curve_tht_recycling_validation	validation	79.6%	34.2%	25.9%	8.3%	15.7%	10.0%	2.17	1.35	3.05	4.61	1.96	5.48	45.7%	81	37d	45.6%	11.3%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$201	13.7×
research no holdout	THT_RECYCLE_R100_D21_N1_EXIT equity_curve_tht_recycling_validation	validation	79.6%	34.2%	25.9%	8.3%	15.7%	10.0%	2.17	1.35	3.05	4.61	1.96	5.48	45.7%	81	37d	45.6%	11.3%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$201	13.7×
research no holdout	THT_RECYCLE_R100_D42_N2_EXIT equity_curve_tht_recycling_validation	validation	78.6%	33.8%	25.9%	7.9%	15.6%	10.0%	2.16	1.33	3.08	4.67	1.93	5.18	47.4%	78	37d	44.9%	12.1%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$196	13.4×
research no holdout	THT_RECYCLE_R100_D42_N2_EXIT equity_curve_tht_recycling_validation	validation	78.6%	33.8%	25.9%	7.9%	15.6%	10.0%	2.16	1.33	3.08	4.67	1.93	5.18	47.4%	78	37d	44.9%	12.1%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$196	13.4×
research no holdout	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_recycling_validation	validation	60.4%	26.7%	25.9%	0.8%	12.3%	10.0%	2.16	1.30	2.69	3.74	1.46	4.24	46.9%	81	37d	44.0%	11.3%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$200	13.3×
research no holdout	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_recycling_validation	validation	60.4%	26.7%	25.9%	0.8%	12.3%	10.0%	2.16	1.30	2.69	3.74	1.46	4.24	46.9%	81	37d	44.0%	11.3%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$200	13.3×
research no holdout	THT_RECYCLE_R100_D21_N3_NEG equity_curve_tht_recycling_validation	validation	94.6%	39.7%	25.9%	13.8%	18.4%	10.0%	2.16	1.35	3.27	5.56	2.36	5.96	48.3%	87	32d	39.5%	10.6%	106,406 → 2,981 → 1,562 → 1,562 → 87 observed · qualified · market · attempts · fills	2.9%	10.0%	$223	15.3×
research no holdout	THT_RECYCLE_R100_D21_N3_NEG equity_curve_tht_recycling_validation	validation	94.6%	39.7%	25.9%	13.8%	18.4%	10.0%	2.16	1.35	3.27	5.56	2.36	5.96	48.3%	87	32d	39.5%	10.6%	106,406 → 2,981 → 1,562 → 1,562 → 87 observed · qualified · market · attempts · fills	2.9%	10.0%	$223	15.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C15 equity_curve_tht_deployment_validation	validation	22.7%	10.8%	25.9%	-15.1%	5.0%	10.0%	2.15	1.69	2.57	3.37	1.04	2.66	55.9%	93	42d	16.3%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.2%	$139	7.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C15 equity_curve_tht_deployment_validation	validation	22.7%	10.8%	25.9%	-15.1%	5.0%	10.0%	2.15	1.69	2.57	3.37	1.04	2.66	55.9%	93	42d	16.3%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.2%	$139	7.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C20 equity_curve_tht_deployment_validation	validation	22.7%	10.8%	25.9%	-15.1%	5.0%	10.0%	2.15	1.69	2.57	3.37	1.04	2.66	55.9%	93	42d	16.3%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.2%	$139	7.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C20 equity_curve_tht_deployment_validation	validation	22.7%	10.8%	25.9%	-15.1%	5.0%	10.0%	2.15	1.69	2.57	3.37	1.04	2.66	55.9%	93	42d	16.3%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.2%	$139	7.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C25 equity_curve_tht_deployment_validation	validation	22.7%	10.8%	25.9%	-15.1%	5.0%	10.0%	2.15	1.69	2.57	3.37	1.04	2.66	55.9%	93	42d	16.3%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.2%	$139	7.3×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C25 equity_curve_tht_deployment_validation	validation	22.7%	10.8%	25.9%	-15.1%	5.0%	10.0%	2.15	1.69	2.57	3.37	1.04	2.66	55.9%	93	42d	16.3%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	14.2%	$139	7.3×
research no holdout	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_recycling_validation	validation	87.5%	37.1%	25.9%	11.2%	17.6%	10.0%	2.11	1.30	3.17	5.10	2.10	5.36	48.8%	80	35d	42.0%	11.0%	106,406 → 2,981 → 1,562 → 1,562 → 80 observed · qualified · market · attempts · fills	2.7%	10.0%	$203	13.8×
research no holdout	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_recycling_validation	validation	87.5%	37.1%	25.9%	11.2%	17.6%	10.0%	2.11	1.30	3.17	5.10	2.10	5.36	48.8%	80	35d	42.0%	11.0%	106,406 → 2,981 → 1,562 → 1,562 → 80 observed · qualified · market · attempts · fills	2.7%	10.0%	$203	13.8×
research no holdout · CAGR ≤ SPY	THT_ADD_PROFITABLE_REVISIT equity_curve_tht_add_validation	validation	22.1%	10.5%	25.9%	-15.4%	5.0%	10.0%	2.10	1.68	2.54	3.31	1.03	2.66	55.4%	92	42d	16.5%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$137	7.2×
research no holdout · CAGR ≤ SPY	THT_ADD_PROFITABLE_REVISIT equity_curve_tht_add_validation	validation	22.1%	10.5%	25.9%	-15.4%	5.0%	10.0%	2.10	1.68	2.54	3.31	1.03	2.66	55.4%	92	42d	16.5%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$137	7.2×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C10 equity_curve_tht_deployment_validation	validation	22.1%	10.5%	25.9%	-15.4%	5.0%	10.0%	2.10	1.68	2.54	3.31	1.03	2.66	55.4%	92	42d	16.5%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$137	7.2×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R025_C10 equity_curve_tht_deployment_validation	validation	22.1%	10.5%	25.9%	-15.4%	5.0%	10.0%	2.10	1.68	2.54	3.31	1.03	2.66	55.4%	92	42d	16.5%	6.4%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$137	7.2×
research no holdout	THT_RECYCLE_R075_D21_N2_TRIM25 equity_curve_tht_recycling_validation	validation	71.8%	31.2%	25.9%	5.3%	14.9%	10.0%	2.09	1.30	2.88	3.93	1.50	4.11	48.8%	86	35d	40.5%	10.2%	106,406 → 2,981 → 1,562 → 1,562 → 86 observed · qualified · market · attempts · fills	2.9%	10.0%	$225	14.8×
research no holdout	THT_RECYCLE_R075_D21_N2_TRIM25 equity_curve_tht_recycling_validation	validation	71.8%	31.2%	25.9%	5.3%	14.9%	10.0%	2.09	1.30	2.88	3.93	1.50	4.11	48.8%	86	35d	40.5%	10.2%	106,406 → 2,981 → 1,562 → 1,562 → 86 observed · qualified · market · attempts · fills	2.9%	10.0%	$225	14.8×
research no holdout	THT_RECYCLE_R075_D21_N3_TRIM25 equity_curve_tht_recycling_validation	validation	65.0%	28.6%	25.9%	2.7%	13.7%	10.0%	2.09	1.32	2.78	4.19	1.66	4.56	47.9%	94	33d	31.9%	11.4%	106,406 → 2,981 → 1,562 → 1,562 → 94 observed · qualified · market · attempts · fills	3.2%	10.0%	$229	15.2×
research no holdout	THT_RECYCLE_R075_D21_N3_TRIM25 equity_curve_tht_recycling_validation	validation	65.0%	28.6%	25.9%	2.7%	13.7%	10.0%	2.09	1.32	2.78	4.19	1.66	4.56	47.9%	94	33d	31.9%	11.4%	106,406 → 2,981 → 1,562 → 1,562 → 94 observed · qualified · market · attempts · fills	3.2%	10.0%	$229	15.2×
research no holdout	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_recycling_validation	validation	66.6%	29.2%	25.9%	3.3%	14.0%	10.0%	2.09	1.32	2.82	3.75	1.44	4.15	47.4%	78	41d	48.1%	9.3%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$199	13.4×
research no holdout	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_recycling_validation	validation	66.6%	29.2%	25.9%	3.3%	14.0%	10.0%	2.09	1.32	2.82	3.75	1.44	4.15	47.4%	78	41d	48.1%	9.3%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$199	13.4×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C10 equity_curve_tht_deployment_validation	validation	30.1%	14.1%	25.9%	-11.8%	6.8%	10.0%	2.08	1.66	2.50	3.22	0.96	2.47	56.5%	92	42d	16.1%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$167	10.1×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R035_C10 equity_curve_tht_deployment_validation	validation	30.1%	14.1%	25.9%	-11.8%	6.8%	10.0%	2.08	1.66	2.50	3.22	0.96	2.47	56.5%	92	42d	16.1%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 92 observed · qualified · market · attempts · fills	3.1%	10.0%	$167	10.1×
research no holdout	THT_RECYCLE_R075_D63_N2_EXIT equity_curve_tht_recycling_validation	validation	87.6%	37.1%	25.9%	11.2%	17.9%	10.0%	2.07	1.30	3.08	4.56	1.82	4.78	48.8%	82	40d	58.7%	9.1%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	10.0%	$210	14.2×
research no holdout	THT_RECYCLE_R075_D63_N2_EXIT equity_curve_tht_recycling_validation	validation	87.6%	37.1%	25.9%	11.2%	17.9%	10.0%	2.07	1.30	3.08	4.56	1.82	4.78	48.8%	82	40d	58.7%	9.1%	106,406 → 2,981 → 1,562 → 1,562 → 82 observed · qualified · market · attempts · fills	2.8%	10.0%	$210	14.2×
research no holdout · CAGR ≤ SPY	THT_ADD_FIRST_REVISIT equity_curve_tht_add_validation	validation	21.8%	10.4%	25.9%	-15.5%	5.0%	10.0%	2.07	1.65	2.50	3.22	1.00	2.65	54.8%	93	42d	16.5%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	10.0%	$138	7.3×
research no holdout · CAGR ≤ SPY	THT_ADD_FIRST_REVISIT equity_curve_tht_add_validation	validation	21.8%	10.4%	25.9%	-15.5%	5.0%	10.0%	2.07	1.65	2.50	3.22	1.00	2.65	54.8%	93	42d	16.5%	6.5%	106,406 → 2,981 → 1,562 → 1,562 → 93 observed · qualified · market · attempts · fills	3.1%	10.0%	$138	7.3×
research no holdout	THT_REV_X5 tht_revised_stage_x_smoke	smoke_2021	17.4%	17.6%	—	—	8.5%	—	2.07	1.28	1.82	2.30	0.68	2.53	47.6%	84	46d	11.3%	5.2%	48,081 → 4,666 → 4,666 → 4,591 → 84 observed · qualified · market · attempts · fills· 192 band rejects	1.8%	15.0%	$197	11.2×
research no holdout	THT_REV_X4 tht_revised_stage_x_smoke	smoke_2021	17.2%	17.4%	—	—	8.5%	—	2.05	1.25	1.78	2.30	0.70	2.72	45.8%	83	46d	11.7%	5.1%	48,081 → 4,666 → 4,666 → 4,591 → 83 observed · qualified · market · attempts · fills· 192 band rejects	1.8%	15.0%	$194	11.2×
research no holdout	THT_RECYCLE_R075_D63_N3_EXIT equity_curve_tht_recycling_validation	validation	85.1%	36.2%	25.9%	10.3%	17.7%	10.0%	2.05	1.27	3.01	4.46	1.81	4.91	47.6%	84	39d	58.2%	9.0%	106,406 → 2,981 → 1,562 → 1,562 → 84 observed · qualified · market · attempts · fills	2.8%	10.0%	$211	14.2×
research no holdout	THT_RECYCLE_R075_D63_N3_EXIT equity_curve_tht_recycling_validation	validation	85.1%	36.2%	25.9%	10.3%	17.7%	10.0%	2.05	1.27	3.01	4.46	1.81	4.91	47.6%	84	39d	58.2%	9.0%	106,406 → 2,981 → 1,562 → 1,562 → 84 observed · qualified · market · attempts · fills	2.8%	10.0%	$211	14.2×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R075_C25 equity_curve_tht_deployment_validation	validation	53.1%	23.8%	25.9%	-2.1%	12.0%	10.0%	1.98	1.52	2.64	3.89	1.68	5.39	41.9%	62	45d	44.4%	91.9%	106,406 → 2,981 → 1,562 → 1,562 → 62 observed · qualified · market · attempts · fills	2.1%	21.3%	$172	12.6×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R075_C25 equity_curve_tht_deployment_validation	validation	53.1%	23.8%	25.9%	-2.1%	12.0%	10.0%	1.98	1.52	2.64	3.89	1.68	5.39	41.9%	62	45d	44.4%	91.9%	106,406 → 2,981 → 1,562 → 1,562 → 62 observed · qualified · market · attempts · fills	2.1%	21.3%	$172	12.6×
research no holdout	THT_DEPLOY_R100_C20 equity_curve_tht_deployment_development	development	264.1%	38.2%	13.1%	25.1%	19.4%	33.7%	1.97	1.45	2.20	2.08	0.64	3.05	40.6%	197	37d	33.8%	34.4%	186,103 → 4,720 → 3,032 → 3,014 → 197 observed · qualified · market · attempts · fills	4.2%	20.0%	$1,205	94.8×
research no holdout	THT_DEPLOY_R100_C20 equity_curve_tht_deployment_development	development	264.1%	38.2%	13.1%	25.1%	19.4%	33.7%	1.97	1.45	2.20	2.08	0.64	3.05	40.6%	197	37d	33.8%	34.4%	186,103 → 4,720 → 3,032 → 3,014 → 197 observed · qualified · market · attempts · fills	4.2%	20.0%	$1,205	94.8×
research no holdout	THT_RECYCLE_R100_D21_N3_TRIM25 equity_curve_tht_recycling_validation	validation	76.2%	32.9%	25.9%	7.0%	16.9%	10.0%	1.94	1.26	2.88	4.25	1.77	5.08	45.6%	90	32d	34.7%	14.4%	106,406 → 2,981 → 1,562 → 1,562 → 90 observed · qualified · market · attempts · fills	3.0%	10.0%	$227	15.2×
research no holdout	THT_RECYCLE_R100_D21_N3_TRIM25 equity_curve_tht_recycling_validation	validation	76.2%	32.9%	25.9%	7.0%	16.9%	10.0%	1.94	1.26	2.88	4.25	1.77	5.08	45.6%	90	32d	34.7%	14.4%	106,406 → 2,981 → 1,562 → 1,562 → 90 observed · qualified · market · attempts · fills	3.0%	10.0%	$227	15.2×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D21_N3_EXIT equity_curve_tht_recycling_validation	validation	44.5%	20.3%	25.9%	-5.6%	10.6%	10.0%	1.91	1.05	2.12	2.99	0.98	2.91	50.6%	81	31d	22.4%	14.0%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$211	14.7×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D21_N3_EXIT equity_curve_tht_recycling_validation	validation	44.5%	20.3%	25.9%	-5.6%	10.6%	10.0%	1.91	1.05	2.12	2.99	0.98	2.91	50.6%	81	31d	22.4%	14.0%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$211	14.7×
research PF ≤ 1 · E(R) ≤ 0	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_holdout	holdout	51.4%	51.8%	18.1%	33.6%	27.3%	18.8%	1.89	1.30	2.06	0.07	-0.67	0.18	27.9%	215	25d	44.0%	242.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,344	23.4×
research E(R) ≤ 0	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_holdout	holdout	51.4%	51.8%	18.1%	33.6%	27.3%	18.8%	1.89	1.30	2.06	1.68	-0.67	0.18	27.9%	215	25d	44.0%	242.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,344	23.4×
research PF ≤ 1 · E(R) ≤ 0	THT_S5_LOWER_BX equity_curve_tht_stage5_holdout	holdout	50.9%	51.3%	18.1%	33.2%	27.9%	18.8%	1.84	1.28	2.02	0.28	-0.53	0.77	26.7%	206	25d	47.7%	62.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,255	22.7×
research E(R) ≤ 0	THT_S5_LOWER_BX equity_curve_tht_stage5_holdout	holdout	50.9%	51.3%	18.1%	33.2%	27.9%	18.8%	1.84	1.28	2.02	1.68	-0.53	0.77	26.7%	206	25d	47.7%	62.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,255	22.7×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C05 equity_curve_tht_breadth_validation	validation	29.4%	13.8%	25.9%	-12.1%	7.5%	10.0%	1.83	1.56	3.13	4.50	1.89	5.28	46.0%	50	48d	92.2%	11.7%	106,406 → 2,981 → 1,562 → 1,562 → 50 observed · qualified · market · attempts · fills	1.7%	7.1%	$70	3.4×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C05 equity_curve_tht_breadth_validation	validation	29.4%	13.8%	25.9%	-12.1%	7.5%	10.0%	1.83	1.56	3.13	4.50	1.89	5.28	46.0%	50	48d	92.2%	11.7%	106,406 → 2,981 → 1,562 → 1,562 → 50 observed · qualified · market · attempts · fills	1.7%	7.1%	$70	3.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N3_NEG equity_curve_tht_recycling_validation	validation	22.4%	10.7%	25.9%	-15.2%	6.1%	10.0%	1.76	1.01	1.51	2.16	0.58	2.21	49.4%	81	38d	12.7%	9.8%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$188	12.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N3_NEG equity_curve_tht_recycling_validation	validation	22.4%	10.7%	25.9%	-15.2%	6.1%	10.0%	1.76	1.01	1.51	2.16	0.58	2.21	49.4%	81	38d	12.7%	9.8%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$188	12.8×
research no holdout	THT_DEPLOY_R100_C15 equity_curve_tht_deployment_development	development	272.6%	39.0%	13.1%	25.9%	22.2%	33.7%	1.76	1.43	2.19	2.04	0.61	2.97	40.7%	204	36d	36.4%	21.5%	186,103 → 4,720 → 3,032 → 3,014 → 204 observed · qualified · market · attempts · fills	4.3%	15.0%	$1,287	101.0×
research no holdout	THT_DEPLOY_R100_C15 equity_curve_tht_deployment_development	development	272.6%	39.0%	13.1%	25.9%	22.2%	33.7%	1.76	1.43	2.19	2.04	0.61	2.97	40.7%	204	36d	36.4%	21.5%	186,103 → 4,720 → 3,032 → 3,014 → 204 observed · qualified · market · attempts · fills	4.3%	15.0%	$1,287	101.0×
research no holdout	THT_REV_X0 tht_revised_stage_x_smoke	smoke_2021	15.7%	15.9%	—	—	9.1%	—	1.75	0.99	1.41	2.57	0.97	4.20	38.0%	50	61d	20.2%	5.7%	48,081 → 4,666 → 4,666 → 4,591 → 50 observed · qualified · market · attempts · fills· 192 band rejects	1.1%	15.0%	$105	7.0×
research no holdout	THT_DEPLOY_R035_C10 equity_curve_tht_deployment_development	development	96.9%	18.5%	13.1%	5.4%	10.6%	33.7%	1.74	1.31	1.97	2.00	0.55	2.42	45.2%	292	34d	25.3%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 292 observed · qualified · market · attempts · fills	6.2%	10.0%	$662	44.4×
research no holdout	THT_DEPLOY_R035_C10 equity_curve_tht_deployment_development	development	96.9%	18.5%	13.1%	5.4%	10.6%	33.7%	1.74	1.31	1.97	2.00	0.55	2.42	45.2%	292	34d	25.3%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 292 observed · qualified · market · attempts · fills	6.2%	10.0%	$662	44.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N3_NEG equity_curve_tht_recycling_validation	validation	22.6%	10.8%	25.9%	-15.1%	6.2%	10.0%	1.73	1.03	1.53	2.14	0.55	2.03	51.3%	78	37d	12.7%	10.1%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$188	12.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N3_NEG equity_curve_tht_recycling_validation	validation	22.6%	10.8%	25.9%	-15.1%	6.2%	10.0%	1.73	1.03	1.53	2.14	0.55	2.03	51.3%	78	37d	12.7%	10.1%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$188	12.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N3_TRIM25 equity_curve_tht_recycling_validation	validation	22.7%	10.8%	25.9%	-15.1%	6.2%	10.0%	1.73	1.03	1.53	2.19	0.59	2.13	50.6%	81	38d	12.4%	8.5%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$191	12.9×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N3_TRIM25 equity_curve_tht_recycling_validation	validation	22.7%	10.8%	25.9%	-15.1%	6.2%	10.0%	1.73	1.03	1.53	2.19	0.59	2.13	50.6%	81	38d	12.4%	8.5%	106,406 → 2,981 → 1,562 → 1,562 → 81 observed · qualified · market · attempts · fills	2.7%	10.0%	$191	12.9×
research no holdout	THT_REV_X2 tht_revised_stage_x_smoke	smoke_2021	15.5%	15.7%	—	—	9.1%	—	1.73	1.08	1.52	2.21	0.72	3.28	40.3%	77	43d	12.3%	5.4%	48,081 → 4,666 → 4,666 → 4,591 → 77 observed · qualified · market · attempts · fills· 192 band rejects	1.7%	15.0%	$153	10.0×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N3_TRIM25 equity_curve_tht_recycling_validation	validation	22.8%	10.9%	25.9%	-15.0%	6.4%	10.0%	1.71	1.04	1.55	2.17	0.56	1.96	52.6%	78	37d	12.4%	8.8%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$190	12.9×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N3_TRIM25 equity_curve_tht_recycling_validation	validation	22.8%	10.9%	25.9%	-15.0%	6.4%	10.0%	1.71	1.04	1.55	2.17	0.56	1.96	52.6%	78	37d	12.4%	8.8%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$190	12.9×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_HALF equity_curve_tht_entry_semantics_development.stale-20260719T071314Z	development	2.0%	0.5%	13.1%	-12.6%	0.3%	33.7%	1.70	1.19	2.40	0.00	0.00	0.00	100.0%	1	73d	55.6%	0.0%	186,103 → 4,720 → 3,032 → 3,014 → 1 observed · qualified · market · attempts · fills	0.0%	3.6%	$2	0.1×
research no holdout	THT_DEPLOY_R050_C10 equity_curve_tht_deployment_development	development	136.4%	24.1%	13.1%	11.0%	14.3%	33.7%	1.68	1.32	1.99	1.93	0.51	2.37	44.9%	283	34d	25.5%	8.3%	186,103 → 4,720 → 3,032 → 3,014 → 283 observed · qualified · market · attempts · fills	6.0%	10.0%	$870	64.4×
research no holdout	THT_DEPLOY_R050_C10 equity_curve_tht_deployment_development	development	136.4%	24.1%	13.1%	11.0%	14.3%	33.7%	1.68	1.32	1.99	1.93	0.51	2.37	44.9%	283	34d	25.5%	8.3%	186,103 → 4,720 → 3,032 → 3,014 → 283 observed · qualified · market · attempts · fills	6.0%	10.0%	$870	64.4×
research no holdout	THT_DEPLOY_R050_C25 equity_curve_tht_deployment_development	development	133.1%	23.6%	13.1%	10.5%	14.1%	33.7%	1.67	1.26	1.89	1.86	0.48	2.37	44.0%	277	33d	25.7%	9.1%	186,103 → 4,720 → 3,032 → 3,014 → 277 observed · qualified · market · attempts · fills	5.9%	21.9%	$919	69.5×
research no holdout	THT_DEPLOY_R050_C25 equity_curve_tht_deployment_development	development	133.1%	23.6%	13.1%	10.5%	14.1%	33.7%	1.67	1.26	1.89	1.86	0.48	2.37	44.0%	277	33d	25.7%	9.1%	186,103 → 4,720 → 3,032 → 3,014 → 277 observed · qualified · market · attempts · fills	5.9%	21.9%	$919	69.5×
research no holdout	THT_DEPLOY_R050_C20 equity_curve_tht_deployment_development	development	133.5%	23.7%	13.1%	10.6%	14.2%	33.7%	1.67	1.26	1.90	1.87	0.48	2.37	44.0%	277	33d	25.7%	9.1%	186,103 → 4,720 → 3,032 → 3,014 → 277 observed · qualified · market · attempts · fills	5.9%	20.0%	$917	69.4×
research no holdout	THT_DEPLOY_R050_C20 equity_curve_tht_deployment_development	development	133.5%	23.7%	13.1%	10.6%	14.2%	33.7%	1.67	1.26	1.90	1.87	0.48	2.37	44.0%	277	33d	25.7%	9.1%	186,103 → 4,720 → 3,032 → 3,014 → 277 observed · qualified · market · attempts · fills	5.9%	20.0%	$917	69.4×
research no holdout	THT_DEPLOY_R075_C15 equity_curve_tht_deployment_development	development	205.1%	32.2%	13.1%	19.2%	19.4%	33.7%	1.67	1.28	1.95	1.90	0.49	2.28	45.5%	231	35d	33.8%	48.6%	186,103 → 4,720 → 3,032 → 3,014 → 231 observed · qualified · market · attempts · fills	4.9%	15.0%	$1,164	94.5×
research no holdout	THT_DEPLOY_R075_C15 equity_curve_tht_deployment_development	development	205.1%	32.2%	13.1%	19.2%	19.4%	33.7%	1.67	1.28	1.95	1.90	0.49	2.28	45.5%	231	35d	33.8%	48.6%	186,103 → 4,720 → 3,032 → 3,014 → 231 observed · qualified · market · attempts · fills	4.9%	15.0%	$1,164	94.5×
research no holdout	THT_DEPLOY_R050_C15 equity_curve_tht_deployment_development	development	135.9%	24.0%	13.1%	10.9%	14.4%	33.7%	1.66	1.28	1.92	1.88	0.49	2.39	44.0%	277	33d	25.7%	8.5%	186,103 → 4,720 → 3,032 → 3,014 → 277 observed · qualified · market · attempts · fills	5.9%	15.0%	$914	69.0×
research no holdout	THT_DEPLOY_R050_C15 equity_curve_tht_deployment_development	development	135.9%	24.0%	13.1%	10.9%	14.4%	33.7%	1.66	1.28	1.92	1.88	0.49	2.39	44.0%	277	33d	25.7%	8.5%	186,103 → 4,720 → 3,032 → 3,014 → 277 observed · qualified · market · attempts · fills	5.9%	15.0%	$914	69.0×
research no holdout	THT_DEPLOY_R075_C20 equity_curve_tht_deployment_development	development	212.5%	33.0%	13.1%	19.9%	20.4%	33.7%	1.62	1.30	1.98	1.92	0.52	2.53	43.1%	225	34d	35.4%	202.7%	186,103 → 4,720 → 3,032 → 3,014 → 225 observed · qualified · market · attempts · fills	4.8%	20.0%	$1,181	96.3×
research no holdout	THT_DEPLOY_R075_C20 equity_curve_tht_deployment_development	development	212.5%	33.0%	13.1%	19.9%	20.4%	33.7%	1.62	1.30	1.98	1.92	0.52	2.53	43.1%	225	34d	35.4%	202.7%	186,103 → 4,720 → 3,032 → 3,014 → 225 observed · qualified · market · attempts · fills	4.8%	20.0%	$1,181	96.3×
research no holdout	THT_RECYCLE_R075_D63_N2_TRIM25 equity_curve_tht_recycling_development	development	176.5%	29.0%	13.1%	15.9%	18.0%	33.7%	1.61	1.30	1.96	1.80	0.44	2.19	45.1%	255	32d	29.6%	17.0%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,151	90.7×
research no holdout	THT_RECYCLE_R075_D63_N2_TRIM25 equity_curve_tht_recycling_development	development	176.5%	29.0%	13.1%	15.9%	18.0%	33.7%	1.61	1.30	1.96	1.80	0.44	2.19	45.1%	255	32d	29.6%	17.0%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,151	90.7×
research no holdout	THT_ADD_PROFITABLE_REVISIT equity_curve_tht_add_development	development	64.8%	13.3%	13.1%	0.2%	8.3%	33.7%	1.60	1.27	1.90	2.01	0.56	2.48	44.8%	297	34d	25.1%	8.1%	186,103 → 4,720 → 3,032 → 3,014 → 297 observed · qualified · market · attempts · fills	6.3%	10.0%	$509	29.5×
research no holdout	THT_ADD_PROFITABLE_REVISIT equity_curve_tht_add_development	development	64.8%	13.3%	13.1%	0.2%	8.3%	33.7%	1.60	1.27	1.90	2.01	0.56	2.48	44.8%	297	34d	25.1%	8.1%	186,103 → 4,720 → 3,032 → 3,014 → 297 observed · qualified · market · attempts · fills	6.3%	10.0%	$509	29.5×
research no holdout	THT_DEPLOY_R025_C10 equity_curve_tht_deployment_development	development	64.8%	13.3%	13.1%	0.2%	8.3%	33.7%	1.60	1.27	1.90	2.01	0.56	2.48	44.8%	297	34d	25.1%	8.1%	186,103 → 4,720 → 3,032 → 3,014 → 297 observed · qualified · market · attempts · fills	6.3%	10.0%	$509	29.5×
research no holdout	THT_DEPLOY_R025_C10 equity_curve_tht_deployment_development	development	64.8%	13.3%	13.1%	0.2%	8.3%	33.7%	1.60	1.27	1.90	2.01	0.56	2.48	44.8%	297	34d	25.1%	8.1%	186,103 → 4,720 → 3,032 → 3,014 → 297 observed · qualified · market · attempts · fills	6.3%	10.0%	$509	29.5×
research no holdout	THT_DEPLOY_R075_C25 equity_curve_tht_deployment_development	development	202.3%	31.9%	13.1%	18.8%	20.0%	33.7%	1.60	1.26	1.93	1.85	0.48	2.43	43.2%	222	35d	36.2%	139.4%	186,103 → 4,720 → 3,032 → 3,014 → 222 observed · qualified · market · attempts · fills	4.7%	25.0%	$1,179	96.3×
research no holdout	THT_DEPLOY_R075_C25 equity_curve_tht_deployment_development	development	202.3%	31.9%	13.1%	18.8%	20.0%	33.7%	1.60	1.26	1.93	1.85	0.48	2.43	43.2%	222	35d	36.2%	139.4%	186,103 → 4,720 → 3,032 → 3,014 → 222 observed · qualified · market · attempts · fills	4.7%	25.0%	$1,179	96.3×
research no holdout · CAGR ≤ SPY	THT_RANK_TICKER_SECTOR_BX equity_curve_tht_ranking_validation	validation	8.0%	3.9%	25.9%	-22.0%	2.5%	10.0%	1.59	1.01	1.54	1.98	0.49	1.98	50.0%	42	48d	31.1%	11.9%	106,406 → 2,981 → 1,562 → 1,562 → 42 observed · qualified · market · attempts · fills	1.4%	10.0%	$58	2.8×
research no holdout · CAGR ≤ SPY	THT_RANK_TICKER_SECTOR_BX equity_curve_tht_ranking_validation	validation	8.0%	3.9%	25.9%	-22.0%	2.5%	10.0%	1.59	1.01	1.54	1.98	0.49	1.98	50.0%	42	48d	31.1%	11.9%	106,406 → 2,981 → 1,562 → 1,562 → 42 observed · qualified · market · attempts · fills	1.4%	10.0%	$58	2.8×
research no holdout	THT_DEPLOY_R025_C15 equity_curve_tht_deployment_development	development	65.0%	13.4%	13.1%	0.3%	8.5%	33.7%	1.58	1.26	1.88	2.00	0.55	2.44	45.0%	298	34d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 298 observed · qualified · market · attempts · fills	6.3%	15.0%	$517	30.2×
research no holdout	THT_DEPLOY_R025_C15 equity_curve_tht_deployment_development	development	65.0%	13.4%	13.1%	0.3%	8.5%	33.7%	1.58	1.26	1.88	2.00	0.55	2.44	45.0%	298	34d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 298 observed · qualified · market · attempts · fills	6.3%	15.0%	$517	30.2×
research no holdout	THT_RECYCLE_R075_D63_N3_TRIM25 equity_curve_tht_recycling_development	development	185.4%	30.0%	13.1%	17.0%	19.0%	33.7%	1.58	1.35	2.04	1.82	0.44	2.16	45.7%	254	32d	29.7%	11.4%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,174	92.3×
research no holdout	THT_RECYCLE_R075_D63_N3_TRIM25 equity_curve_tht_recycling_development	development	185.4%	30.0%	13.1%	17.0%	19.0%	33.7%	1.58	1.35	2.04	1.82	0.44	2.16	45.7%	254	32d	29.7%	11.4%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,174	92.3×
research no holdout	THT_DEPLOY_R025_C20 equity_curve_tht_deployment_development	development	64.9%	13.3%	13.1%	0.3%	8.5%	33.7%	1.58	1.26	1.88	1.99	0.55	2.44	45.0%	298	34d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 298 observed · qualified · market · attempts · fills	6.3%	16.1%	$517	30.2×
research no holdout	THT_DEPLOY_R025_C20 equity_curve_tht_deployment_development	development	64.9%	13.3%	13.1%	0.3%	8.5%	33.7%	1.58	1.26	1.88	1.99	0.55	2.44	45.0%	298	34d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 298 observed · qualified · market · attempts · fills	6.3%	16.1%	$517	30.2×
research no holdout	THT_DEPLOY_R025_C25 equity_curve_tht_deployment_development	development	64.9%	13.3%	13.1%	0.3%	8.5%	33.7%	1.58	1.26	1.88	1.99	0.55	2.44	45.0%	298	34d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 298 observed · qualified · market · attempts · fills	6.3%	16.1%	$517	30.2×
research no holdout	THT_DEPLOY_R025_C25 equity_curve_tht_deployment_development	development	64.9%	13.3%	13.1%	0.3%	8.5%	33.7%	1.58	1.26	1.88	1.99	0.55	2.44	45.0%	298	34d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 298 observed · qualified · market · attempts · fills	6.3%	16.1%	$517	30.2×
research no holdout	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_recycling_development	development	193.2%	30.9%	13.1%	17.8%	19.7%	33.7%	1.57	1.36	2.07	1.79	0.42	2.02	47.1%	272	31d	29.5%	10.5%	186,103 → 4,720 → 3,032 → 3,014 → 272 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,248	97.6×
research no holdout	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_recycling_development	development	193.2%	30.9%	13.1%	17.8%	19.7%	33.7%	1.57	1.36	2.07	1.79	0.42	2.02	47.1%	272	31d	29.5%	10.5%	186,103 → 4,720 → 3,032 → 3,014 → 272 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,248	97.6×
research no holdout	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_recycling_development	development	177.5%	29.1%	13.1%	16.0%	18.7%	33.7%	1.56	1.34	2.06	1.74	0.40	2.04	46.1%	269	28d	28.5%	10.4%	186,103 → 4,720 → 3,032 → 3,014 → 269 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,257	98.8×
research no holdout	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_recycling_development	development	177.5%	29.1%	13.1%	16.0%	18.7%	33.7%	1.56	1.34	2.06	1.74	0.40	2.04	46.1%	269	28d	28.5%	10.4%	186,103 → 4,720 → 3,032 → 3,014 → 269 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,257	98.8×
research no holdout	C_STALL10 equity_curve_asym_rr_dip_c_stall10	research_full_sample	1671.0%	40.0%	14.6%	25.4%	25.9%	25.3%	1.54	1.45	2.30	2.42	1.18	11.90	16.9%	378	17d	33.4%	2.8%	0 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research no holdout	THT_ADD_FIRST_REVISIT equity_curve_tht_add_development	development	64.9%	13.4%	13.1%	0.3%	8.7%	33.7%	1.54	1.25	1.87	1.96	0.54	2.50	44.0%	307	34d	25.3%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 307 observed · qualified · market · attempts · fills	6.5%	10.0%	$530	30.8×
research no holdout	THT_ADD_FIRST_REVISIT equity_curve_tht_add_development	development	64.9%	13.4%	13.1%	0.3%	8.7%	33.7%	1.54	1.25	1.87	1.96	0.54	2.50	44.0%	307	34d	25.3%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 307 observed · qualified · market · attempts · fills	6.5%	10.0%	$530	30.8×
research no holdout	THT_DEPLOY_R075_C10 equity_curve_tht_deployment_development	development	195.2%	31.1%	13.1%	18.1%	20.3%	33.7%	1.53	1.37	2.06	1.86	0.48	2.37	44.0%	248	35d	34.0%	14.3%	186,103 → 4,720 → 3,032 → 3,014 → 248 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,136	89.7×
research no holdout	THT_DEPLOY_R075_C10 equity_curve_tht_deployment_development	development	195.2%	31.1%	13.1%	18.1%	20.3%	33.7%	1.53	1.37	2.06	1.86	0.48	2.37	44.0%	248	35d	34.0%	14.3%	186,103 → 4,720 → 3,032 → 3,014 → 248 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,136	89.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	47.4%	21.5%	—	—	14.1%	—	1.53	1.14	1.70	2.59	-0.39	1.21	27.5%	178	59d	32.5%	26.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,939	14.5×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	47.4%	21.5%	—	—	14.1%	—	1.53	1.14	1.70	2.59	-0.39	1.21	27.5%	178	59d	32.5%	26.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,939	14.5×
research no holdout	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C10_EX_TOP5 equity_curve_tht_uncapped_sensitivity_top5_2025	concentration_sensitivity_top5	19.9%	20.0%	18.1%	1.9%	13.1%	18.8%	1.53	1.16	1.76	1.90	0.42	1.70	52.8%	106	32d	16.8%	8.1%	55,051 → 3,467 → 3,467 → 3,414 → 106 observed · qualified · market · attempts · fills· 210 band rejects	3.1%	10.0%	$183	10.8×
research no holdout	THT_RECYCLE_R075_D63_N2_NEG equity_curve_tht_recycling_development	development	176.1%	29.0%	13.1%	15.9%	19.0%	33.7%	1.52	1.29	1.95	1.80	0.44	2.21	44.9%	254	32d	29.9%	12.2%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,143	89.6×
research no holdout	THT_RECYCLE_R075_D63_N2_NEG equity_curve_tht_recycling_development	development	176.1%	29.0%	13.1%	15.9%	19.0%	33.7%	1.52	1.29	1.95	1.80	0.44	2.21	44.9%	254	32d	29.9%	12.2%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,143	89.6×
research no holdout	THT_RECYCLE_R075_NONE equity_curve_tht_recycling_development	development	201.4%	31.8%	13.1%	18.8%	21.1%	33.7%	1.51	1.37	2.07	1.84	0.46	2.28	44.6%	249	35d	33.4%	11.1%	186,103 → 4,720 → 3,032 → 3,014 → 249 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,181	93.8×
research no holdout	THT_RECYCLE_R075_NONE equity_curve_tht_recycling_development	development	201.4%	31.8%	13.1%	18.8%	21.1%	33.7%	1.51	1.37	2.07	1.84	0.46	2.28	44.6%	249	35d	33.4%	11.1%	186,103 → 4,720 → 3,032 → 3,014 → 249 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,181	93.8×
research no holdout	THT_DEPLOY_R035_C15 equity_curve_tht_deployment_development	development	90.9%	17.6%	13.1%	4.5%	11.7%	33.7%	1.51	1.22	1.82	1.90	0.50	2.40	44.2%	294	33d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 294 observed · qualified · market · attempts · fills	6.2%	15.0%	$676	45.6×
research no holdout	THT_DEPLOY_R035_C15 equity_curve_tht_deployment_development	development	90.9%	17.6%	13.1%	4.5%	11.7%	33.7%	1.51	1.22	1.82	1.90	0.50	2.40	44.2%	294	33d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 294 observed · qualified · market · attempts · fills	6.2%	15.0%	$676	45.6×
research no holdout	THT_DEPLOY_R035_C20 equity_curve_tht_deployment_development	development	90.5%	17.5%	13.1%	4.4%	11.7%	33.7%	1.50	1.21	1.80	1.89	0.50	2.39	44.2%	294	33d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 294 observed · qualified · market · attempts · fills	6.2%	19.9%	$680	46.0×
research no holdout	THT_DEPLOY_R035_C20 equity_curve_tht_deployment_development	development	90.5%	17.5%	13.1%	4.4%	11.7%	33.7%	1.50	1.21	1.80	1.89	0.50	2.39	44.2%	294	33d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 294 observed · qualified · market · attempts · fills	6.2%	19.9%	$680	46.0×
research no holdout	THT_DEPLOY_R035_C25 equity_curve_tht_deployment_development	development	90.5%	17.5%	13.1%	4.4%	11.7%	33.7%	1.50	1.21	1.80	1.89	0.50	2.39	44.2%	294	33d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 294 observed · qualified · market · attempts · fills	6.2%	19.9%	$680	46.0×
research no holdout	THT_DEPLOY_R035_C25 equity_curve_tht_deployment_development	development	90.5%	17.5%	13.1%	4.4%	11.7%	33.7%	1.50	1.21	1.80	1.89	0.50	2.39	44.2%	294	33d	25.0%	8.0%	186,103 → 4,720 → 3,032 → 3,014 → 294 observed · qualified · market · attempts · fills	6.2%	19.9%	$680	46.0×
research no holdout	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_recycling_development	development	178.3%	29.2%	13.1%	16.1%	19.5%	33.7%	1.50	1.29	1.95	1.77	0.43	2.18	44.8%	250	33d	31.8%	10.6%	186,103 → 4,720 → 3,032 → 3,014 → 250 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,140	89.6×
research no holdout	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_recycling_development	development	178.3%	29.2%	13.1%	16.1%	19.5%	33.7%	1.50	1.29	1.95	1.77	0.43	2.18	44.8%	250	33d	31.8%	10.6%	186,103 → 4,720 → 3,032 → 3,014 → 250 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,140	89.6×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N1_NEG equity_curve_tht_recycling_validation	validation	28.8%	13.6%	25.9%	-12.3%	9.1%	10.0%	1.49	1.16	1.75	2.51	0.79	2.73	47.9%	71	45d	17.1%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 71 observed · qualified · market · attempts · fills	2.4%	10.0%	$173	12.1×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N1_NEG equity_curve_tht_recycling_validation	validation	28.8%	13.6%	25.9%	-12.3%	9.1%	10.0%	1.49	1.16	1.75	2.51	0.79	2.73	47.9%	71	45d	17.1%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 71 observed · qualified · market · attempts · fills	2.4%	10.0%	$173	12.1×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N1_NEG equity_curve_tht_recycling_validation	validation	28.7%	13.5%	25.9%	-12.4%	9.1%	10.0%	1.49	1.18	1.76	2.50	0.77	2.65	48.5%	68	45d	17.5%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 68 observed · qualified · market · attempts · fills	2.3%	10.0%	$170	12.1×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N1_NEG equity_curve_tht_recycling_validation	validation	28.7%	13.5%	25.9%	-12.4%	9.1%	10.0%	1.49	1.18	1.76	2.50	0.77	2.65	48.5%	68	45d	17.5%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 68 observed · qualified · market · attempts · fills	2.3%	10.0%	$170	12.1×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N1_TRIM25 equity_curve_tht_recycling_validation	validation	28.9%	13.6%	25.9%	-12.3%	9.2%	10.0%	1.48	1.17	1.75	2.52	0.79	2.74	47.9%	71	45d	16.8%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 71 observed · qualified · market · attempts · fills	2.4%	10.0%	$174	12.2×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N1_TRIM25 equity_curve_tht_recycling_validation	validation	28.9%	13.6%	25.9%	-12.3%	9.2%	10.0%	1.48	1.17	1.75	2.52	0.79	2.74	47.9%	71	45d	16.8%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 71 observed · qualified · market · attempts · fills	2.4%	10.0%	$174	12.2×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N1_TRIM25 equity_curve_tht_recycling_validation	validation	28.8%	13.5%	25.9%	-12.4%	9.2%	10.0%	1.48	1.18	1.77	2.50	0.77	2.65	48.5%	68	45d	17.3%	7.1%	106,406 → 2,981 → 1,562 → 1,562 → 68 observed · qualified · market · attempts · fills	2.3%	10.0%	$171	12.1×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N1_TRIM25 equity_curve_tht_recycling_validation	validation	28.8%	13.5%	25.9%	-12.4%	9.2%	10.0%	1.48	1.18	1.77	2.50	0.77	2.65	48.5%	68	45d	17.3%	7.1%	106,406 → 2,981 → 1,562 → 1,562 → 68 observed · qualified · market · attempts · fills	2.3%	10.0%	$171	12.1×
research no holdout	THT_RECYCLE_R075_D63_N3_EXIT equity_curve_tht_recycling_development	development	166.0%	27.8%	13.1%	14.7%	18.9%	33.7%	1.47	1.29	1.97	1.73	0.39	2.00	46.3%	255	30d	29.1%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,181	92.4×
research no holdout	THT_RECYCLE_R075_D63_N3_EXIT equity_curve_tht_recycling_development	development	166.0%	27.8%	13.1%	14.7%	18.9%	33.7%	1.47	1.29	1.97	1.73	0.39	2.00	46.3%	255	30d	29.1%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,181	92.4×
research no holdout	THT_RECYCLE_R075_D42_N2_NEG equity_curve_tht_recycling_development	development	189.7%	30.5%	13.1%	17.4%	20.9%	33.7%	1.46	1.36	2.06	1.79	0.41	1.97	47.6%	269	31d	29.2%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 269 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,224	96.5×
research no holdout	THT_RECYCLE_R075_D42_N2_NEG equity_curve_tht_recycling_development	development	189.7%	30.5%	13.1%	17.4%	20.9%	33.7%	1.46	1.36	2.06	1.79	0.41	1.97	47.6%	269	31d	29.2%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 269 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,224	96.5×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	45.0%	20.5%	—	—	14.1%	—	1.45	1.11	1.66	2.43	-0.37	1.42	26.2%	191	56d	31.2%	22.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,060	14.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	45.0%	20.5%	—	—	14.1%	—	1.45	1.11	1.66	2.43	-0.37	1.42	26.2%	191	56d	31.2%	22.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,060	14.7×
research no holdout	THT_S5_GRID_BX_C15_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	68.6%	30.0%	—	—	20.7%	—	1.45	1.02	1.53	3.48	0.36	1.20	61.9%	97	86d	23.5%	19.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,591	12.5×
research no holdout	THT_S5_GRID_BX_C15_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	68.6%	30.0%	—	—	20.7%	—	1.45	1.02	1.53	3.48	0.36	1.20	61.9%	97	86d	23.5%	19.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,591	12.5×
research no holdout	THT_RECYCLE_R075_D42_N2_TRIM25 equity_curve_tht_recycling_development	development	187.6%	30.3%	13.1%	17.2%	20.9%	33.7%	1.45	1.35	2.05	1.79	0.41	1.95	47.8%	270	32d	28.9%	11.9%	186,103 → 4,720 → 3,032 → 3,014 → 270 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,224	96.3×
research no holdout	THT_RECYCLE_R075_D42_N2_TRIM25 equity_curve_tht_recycling_development	development	187.6%	30.3%	13.1%	17.2%	20.9%	33.7%	1.45	1.35	2.05	1.79	0.41	1.95	47.8%	270	32d	28.9%	11.9%	186,103 → 4,720 → 3,032 → 3,014 → 270 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,224	96.3×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_NONE equity_curve_tht_recycling_validation	validation	28.2%	13.3%	25.9%	-12.6%	9.2%	10.0%	1.44	1.14	1.69	2.59	0.87	3.11	45.5%	66	46d	18.4%	6.7%	106,406 → 2,981 → 1,562 → 1,562 → 66 observed · qualified · market · attempts · fills	2.2%	10.0%	$163	11.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_NONE equity_curve_tht_recycling_validation	validation	28.2%	13.3%	25.9%	-12.6%	9.2%	10.0%	1.44	1.14	1.69	2.59	0.87	3.11	45.5%	66	46d	18.4%	6.7%	106,406 → 2,981 → 1,562 → 1,562 → 66 observed · qualified · market · attempts · fills	2.2%	10.0%	$163	11.4×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	44.4%	20.3%	—	—	14.1%	—	1.44	1.10	1.64	2.55	-0.53	0.66	28.2%	174	60d	30.2%	46.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,874	14.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	44.4%	20.3%	—	—	14.1%	—	1.44	1.10	1.64	2.55	-0.53	0.66	28.2%	174	60d	30.2%	46.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,874	14.1×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N2_TRIM25 equity_curve_tht_recycling_validation	validation	27.9%	13.1%	25.9%	-12.8%	9.2%	10.0%	1.44	1.17	1.74	2.43	0.69	2.24	52.1%	71	44d	15.7%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 71 observed · qualified · market · attempts · fills	2.4%	10.0%	$180	12.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N2_TRIM25 equity_curve_tht_recycling_validation	validation	27.9%	13.1%	25.9%	-12.8%	9.2%	10.0%	1.44	1.17	1.74	2.43	0.69	2.24	52.1%	71	44d	15.7%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 71 observed · qualified · market · attempts · fills	2.4%	10.0%	$180	12.8×
research no holdout	THT_S5_GRID_BX_C25_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	39.1%	18.0%	—	—	12.5%	—	1.44	0.84	1.32	2.79	0.60	1.37	67.5%	169	87d	21.0%	15.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,272	9.0×
research no holdout	THT_S5_GRID_BX_C25_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	39.1%	18.0%	—	—	12.5%	—	1.44	0.84	1.32	2.79	0.60	1.37	67.5%	169	87d	21.0%	15.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,272	9.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	54.4%	24.4%	—	—	17.0%	—	1.43	1.17	1.74	3.69	-0.11	1.61	34.1%	44	72d	34.2%	21.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,335	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	54.4%	24.4%	—	—	17.0%	—	1.43	1.17	1.74	3.69	-0.11	1.61	34.1%	44	72d	34.2%	21.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,335	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	54.4%	24.4%	—	—	17.0%	—	1.43	1.17	1.74	3.69	-0.11	1.61	34.1%	44	72d	34.2%	21.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,335	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	54.4%	24.4%	—	—	17.0%	—	1.43	1.17	1.74	3.69	-0.11	1.61	34.1%	44	72d	34.2%	21.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,335	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	54.4%	24.4%	—	—	17.0%	—	1.43	1.17	1.74	3.69	-0.11	1.61	34.1%	44	72d	34.2%	21.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,335	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	54.4%	24.4%	—	—	17.0%	—	1.43	1.17	1.74	3.69	-0.11	1.61	34.1%	44	72d	34.2%	21.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,335	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	44.0%	20.1%	—	—	14.1%	—	1.43	1.10	1.64	2.51	-0.19	1.88	28.2%	170	60d	30.2%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	23.8%	$1,874	14.2×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	44.0%	20.1%	—	—	14.1%	—	1.43	1.10	1.64	2.51	-0.19	1.88	28.2%	170	60d	30.2%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	23.8%	$1,874	14.2×
research no holdout	THT_S5_GRID_BX_C15_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	54.9%	24.5%	—	—	17.2%	—	1.43	0.91	1.35	3.12	0.77	1.59	68.3%	126	86d	21.7%	13.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,473	11.3×
research no holdout	THT_S5_GRID_BX_C15_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	54.9%	24.5%	—	—	17.2%	—	1.43	0.91	1.35	3.12	0.77	1.59	68.3%	126	86d	21.7%	13.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,473	11.3×
research no holdout	THT_DEPLOY_R100_C25 equity_curve_tht_deployment_development	development	200.0%	31.7%	13.1%	18.6%	22.2%	33.7%	1.43	1.21	1.79	1.80	0.49	2.84	38.8%	196	35d	33.0%	32.7%	186,103 → 4,720 → 3,032 → 3,014 → 196 observed · qualified · market · attempts · fills	4.2%	25.0%	$1,170	90.1×
research no holdout	THT_DEPLOY_R100_C25 equity_curve_tht_deployment_development	development	200.0%	31.7%	13.1%	18.6%	22.2%	33.7%	1.43	1.21	1.79	1.80	0.49	2.84	38.8%	196	35d	33.0%	32.7%	186,103 → 4,720 → 3,032 → 3,014 → 196 observed · qualified · market · attempts · fills	4.2%	25.0%	$1,170	90.1×
research no holdout	THT_RECYCLE_R075_D21_N2_NEG equity_curve_tht_recycling_development	development	162.8%	27.4%	13.1%	14.3%	19.2%	33.7%	1.42	1.28	1.95	1.76	0.40	1.94	47.6%	275	29d	25.7%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 275 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,160	90.0×
research no holdout	THT_RECYCLE_R075_D21_N2_NEG equity_curve_tht_recycling_development	development	162.8%	27.4%	13.1%	14.3%	19.2%	33.7%	1.42	1.28	1.95	1.76	0.40	1.94	47.6%	275	29d	25.7%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 275 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,160	90.0×
research no holdout	THT_RECYCLE_R075_D21_N3_NEG equity_curve_tht_recycling_development	development	162.5%	27.4%	13.1%	14.3%	19.2%	33.7%	1.42	1.28	1.95	1.76	0.41	2.04	46.4%	276	27d	25.7%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 276 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,181	92.0×
research no holdout	THT_RECYCLE_R075_D21_N3_NEG equity_curve_tht_recycling_development	development	162.5%	27.4%	13.1%	14.3%	19.2%	33.7%	1.42	1.28	1.95	1.76	0.41	2.04	46.4%	276	27d	25.7%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 276 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,181	92.0×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N2_TRIM25 equity_curve_tht_recycling_validation	validation	27.6%	13.0%	25.9%	-12.9%	9.2%	10.0%	1.42	1.14	1.71	2.42	0.69	2.29	51.3%	74	44d	15.3%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$182	12.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N2_TRIM25 equity_curve_tht_recycling_validation	validation	27.6%	13.0%	25.9%	-12.9%	9.2%	10.0%	1.42	1.14	1.71	2.42	0.69	2.29	51.3%	74	44d	15.3%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$182	12.8×
research no holdout · CAGR ≤ SPY	THT_ADD_NONE equity_curve_tht_add_development	development	48.0%	10.3%	13.1%	-2.8%	7.3%	33.7%	1.41	1.13	1.67	1.89	0.51	2.50	43.0%	251	33d	24.6%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$417	23.5×
research no holdout · CAGR ≤ SPY	THT_ADD_NONE equity_curve_tht_add_development	development	48.0%	10.3%	13.1%	-2.8%	7.3%	33.7%	1.41	1.13	1.67	1.89	0.51	2.50	43.0%	251	33d	24.6%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$417	23.5×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C15 equity_curve_tht_breadth_development	development	48.0%	10.3%	13.1%	-2.8%	7.3%	33.7%	1.41	1.13	1.67	1.89	0.51	2.50	43.0%	251	33d	24.6%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$417	23.5×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C15 equity_curve_tht_breadth_development	development	48.0%	10.3%	13.1%	-2.8%	7.3%	33.7%	1.41	1.13	1.67	1.89	0.51	2.50	43.0%	251	33d	24.6%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$417	23.5×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C20 equity_curve_tht_breadth_development	development	48.0%	10.3%	13.1%	-2.8%	7.3%	33.7%	1.41	1.13	1.67	1.89	0.51	2.50	43.0%	251	33d	24.6%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$417	23.5×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C20 equity_curve_tht_breadth_development	development	48.0%	10.3%	13.1%	-2.8%	7.3%	33.7%	1.41	1.13	1.67	1.89	0.51	2.50	43.0%	251	33d	24.6%	8.2%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$417	23.5×
research no holdout	THT_RECYCLE_R075_D63_N1_NEG equity_curve_tht_recycling_development	development	170.3%	28.3%	13.1%	15.2%	20.1%	33.7%	1.41	1.27	1.91	1.75	0.41	2.16	44.7%	255	33d	30.8%	14.3%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,153	91.0×
research no holdout	THT_RECYCLE_R075_D63_N1_NEG equity_curve_tht_recycling_development	development	170.3%	28.3%	13.1%	15.2%	20.1%	33.7%	1.41	1.27	1.91	1.75	0.41	2.16	44.7%	255	33d	30.8%	14.3%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,153	91.0×
research no holdout	THT_RECYCLE_R075_D63_N1_TRIM25 equity_curve_tht_recycling_development	development	170.2%	28.3%	13.1%	15.2%	20.1%	33.7%	1.41	1.27	1.91	1.75	0.41	2.14	44.9%	256	33d	30.5%	14.6%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,155	91.1×
research no holdout	THT_RECYCLE_R075_D63_N1_TRIM25 equity_curve_tht_recycling_development	development	170.2%	28.3%	13.1%	15.2%	20.1%	33.7%	1.41	1.27	1.91	1.75	0.41	2.14	44.9%	256	33d	30.5%	14.6%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,155	91.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	53.1%	23.8%	—	—	16.9%	—	1.41	1.13	1.71	3.08	-0.36	0.75	36.4%	88	76d	32.5%	43.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,701	13.5×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	53.1%	23.8%	—	—	16.9%	—	1.41	1.13	1.71	3.08	-0.36	0.75	36.4%	88	76d	32.5%	43.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,701	13.5×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	51.5%	23.2%	—	—	16.6%	—	1.40	1.10	1.67	2.96	-0.37	0.92	33.0%	91	57d	25.4%	27.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,768	13.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	51.5%	23.2%	—	—	16.6%	—	1.40	1.10	1.67	2.96	-0.37	0.92	33.0%	91	57d	25.4%	27.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,768	13.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	51.5%	23.2%	—	—	16.6%	—	1.40	1.10	1.67	2.96	-0.37	0.92	33.0%	91	57d	25.4%	27.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,768	13.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	51.5%	23.2%	—	—	16.6%	—	1.40	1.10	1.67	2.96	-0.37	0.92	33.0%	91	57d	25.4%	27.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,768	13.9×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_NONE equity_curve_tht_recycling_validation	validation	27.1%	12.8%	25.9%	-13.1%	9.2%	10.0%	1.39	1.09	1.62	2.48	0.82	3.04	44.9%	69	47d	17.8%	7.1%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$165	11.5×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_NONE equity_curve_tht_recycling_validation	validation	27.1%	12.8%	25.9%	-13.1%	9.2%	10.0%	1.39	1.09	1.62	2.48	0.82	3.04	44.9%	69	47d	17.8%	7.1%	106,406 → 2,981 → 1,562 → 1,562 → 69 observed · qualified · market · attempts · fills	2.3%	10.0%	$165	11.5×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N2_NEG equity_curve_tht_recycling_validation	validation	23.1%	11.0%	25.9%	-14.9%	8.0%	10.0%	1.38	1.03	1.51	2.15	0.59	2.27	48.7%	76	39d	14.1%	8.0%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$179	12.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N2_NEG equity_curve_tht_recycling_validation	validation	23.1%	11.0%	25.9%	-14.9%	8.0%	10.0%	1.38	1.03	1.51	2.15	0.59	2.27	48.7%	76	39d	14.1%	8.0%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$179	12.4×
research no holdout	THT_REV_X1 tht_revised_stage_x_smoke	smoke_2021	12.2%	12.4%	—	—	9.0%	—	1.38	0.89	1.26	1.83	0.49	2.71	40.2%	82	47d	12.1%	5.2%	48,081 → 4,666 → 4,666 → 4,591 → 82 observed · qualified · market · attempts · fills· 192 band rejects	1.8%	15.0%	$183	10.2×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	50.2%	22.6%	—	—	16.4%	—	1.38	1.09	1.64	2.96	-0.20	1.01	39.7%	73	77d	33.6%	33.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,687	13.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	50.2%	22.6%	—	—	16.4%	—	1.38	1.09	1.64	2.96	-0.20	1.01	39.7%	73	77d	33.6%	33.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,687	13.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	50.1%	22.6%	—	—	16.4%	—	1.38	1.08	1.64	2.96	-0.35	0.83	35.5%	76	65d	27.4%	32.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,690	13.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	50.1%	22.6%	—	—	16.4%	—	1.38	1.08	1.64	2.96	-0.35	0.83	35.5%	76	65d	27.4%	32.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,690	13.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	50.1%	22.6%	—	—	16.4%	—	1.38	1.08	1.64	2.96	-0.35	0.83	35.5%	76	65d	27.4%	32.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,690	13.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	50.1%	22.6%	—	—	16.4%	—	1.38	1.08	1.64	2.96	-0.35	0.83	35.5%	76	65d	27.4%	32.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,690	13.7×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N2_NEG equity_curve_tht_recycling_validation	validation	22.6%	10.8%	25.9%	-15.1%	7.9%	10.0%	1.37	1.00	1.47	2.13	0.59	2.36	47.4%	78	40d	14.2%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$180	12.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N2_NEG equity_curve_tht_recycling_validation	validation	22.6%	10.8%	25.9%	-15.1%	7.9%	10.0%	1.37	1.00	1.47	2.13	0.59	2.36	47.4%	78	40d	14.2%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$180	12.4×
research no holdout	THT_RECYCLE_R075_D42_N3_NEG equity_curve_tht_recycling_development	development	164.3%	27.6%	13.1%	14.5%	20.2%	33.7%	1.37	1.26	1.92	1.72	0.39	2.05	45.7%	265	29d	28.2%	11.0%	186,103 → 4,720 → 3,032 → 3,014 → 265 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,191	93.8×
research no holdout	THT_RECYCLE_R075_D42_N3_NEG equity_curve_tht_recycling_development	development	164.3%	27.6%	13.1%	14.5%	20.2%	33.7%	1.37	1.26	1.92	1.72	0.39	2.05	45.7%	265	29d	28.2%	11.0%	186,103 → 4,720 → 3,032 → 3,014 → 265 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,191	93.8×
research no holdout	THT_RECYCLE_R075_D42_N3_TRIM25 equity_curve_tht_recycling_development	development	165.3%	27.7%	13.1%	14.6%	20.3%	33.7%	1.37	1.28	1.94	1.72	0.39	2.02	46.1%	267	29d	27.8%	11.3%	186,103 → 4,720 → 3,032 → 3,014 → 267 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,206	94.7×
research no holdout	THT_RECYCLE_R075_D42_N3_TRIM25 equity_curve_tht_recycling_development	development	165.3%	27.7%	13.1%	14.6%	20.3%	33.7%	1.37	1.28	1.94	1.72	0.39	2.02	46.1%	267	29d	27.8%	11.3%	186,103 → 4,720 → 3,032 → 3,014 → 267 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,206	94.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	38.8%	17.9%	—	—	13.1%	—	1.37	1.04	1.53	2.41	-0.46	0.60	33.7%	276	66d	29.7%	49.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.3%	$1,775	13.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	38.8%	17.9%	—	—	13.1%	—	1.37	1.04	1.53	2.41	-0.46	0.60	33.7%	276	66d	29.7%	49.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.3%	$1,775	13.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	38.8%	17.9%	—	—	13.1%	—	1.37	1.04	1.53	2.41	-0.46	0.60	33.7%	276	66d	29.7%	49.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.3%	$1,775	13.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	38.8%	17.9%	—	—	13.1%	—	1.37	1.04	1.53	2.41	-0.46	0.60	33.7%	276	66d	29.7%	49.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.3%	$1,775	13.0×
research no holdout	THT_RECYCLE_R075_D63_N3_NEG equity_curve_tht_recycling_development	development	166.9%	27.9%	13.1%	14.8%	20.4%	33.7%	1.36	1.26	1.90	1.76	0.42	2.11	45.5%	255	31d	29.1%	13.6%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,139	89.3×
research no holdout	THT_RECYCLE_R075_D63_N3_NEG equity_curve_tht_recycling_development	development	166.9%	27.9%	13.1%	14.8%	20.4%	33.7%	1.36	1.26	1.90	1.76	0.42	2.11	45.5%	255	31d	29.1%	13.6%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,139	89.3×
research no holdout	THT_S5_GRID_BX_C10_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	52.1%	23.4%	—	—	17.2%	—	1.36	0.99	1.47	3.55	0.77	1.57	68.7%	115	88d	21.5%	13.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,228	9.5×
research no holdout	THT_S5_GRID_BX_C10_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	52.1%	23.4%	—	—	17.2%	—	1.36	0.99	1.47	3.55	0.77	1.57	68.7%	115	88d	21.5%	13.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,228	9.5×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N2_NEG equity_curve_tht_recycling_validation	validation	26.0%	12.3%	25.9%	-13.6%	9.1%	10.0%	1.36	1.12	1.66	2.34	0.67	2.34	50.0%	74	44d	14.9%	7.3%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$180	12.6×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N2_NEG equity_curve_tht_recycling_validation	validation	26.0%	12.3%	25.9%	-13.6%	9.1%	10.0%	1.36	1.12	1.66	2.34	0.67	2.34	50.0%	74	44d	14.9%	7.3%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$180	12.6×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N2_TRIM25 equity_curve_tht_recycling_validation	validation	23.1%	11.0%	25.9%	-14.9%	8.1%	10.0%	1.35	1.03	1.51	2.16	0.58	2.16	50.0%	76	39d	13.7%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$181	12.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N2_TRIM25 equity_curve_tht_recycling_validation	validation	23.1%	11.0%	25.9%	-14.9%	8.1%	10.0%	1.35	1.03	1.51	2.16	0.58	2.16	50.0%	76	39d	13.7%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$181	12.4×
research no holdout	THT_RECYCLE_R075_D42_N1_EXIT equity_curve_tht_recycling_development	development	184.4%	29.9%	13.1%	16.8%	22.1%	33.7%	1.35	1.33	2.02	1.73	0.39	2.04	45.8%	264	32d	30.9%	11.0%	186,103 → 4,720 → 3,032 → 3,014 → 264 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,241	98.4×
research no holdout	THT_RECYCLE_R075_D42_N1_EXIT equity_curve_tht_recycling_development	development	184.4%	29.9%	13.1%	16.8%	22.1%	33.7%	1.35	1.33	2.02	1.73	0.39	2.04	45.8%	264	32d	30.9%	11.0%	186,103 → 4,720 → 3,032 → 3,014 → 264 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,241	98.4×
research no holdout · CAGR ≤ SPY	THT_ADD_PROFITABLE_BX equity_curve_tht_add_validation	validation	15.5%	7.5%	25.9%	-18.4%	5.5%	10.0%	1.35	1.17	1.75	2.49	0.76	2.61	48.8%	84	42d	17.2%	7.0%	106,406 → 1,766 → 877 → 877 → 84 observed · qualified · market · attempts · fills	4.8%	10.0%	$122	6.3×
research no holdout · CAGR ≤ SPY	THT_ADD_PROFITABLE_BX equity_curve_tht_add_validation	validation	15.5%	7.5%	25.9%	-18.4%	5.5%	10.0%	1.35	1.17	1.75	2.49	0.76	2.61	48.8%	84	42d	17.2%	7.0%	106,406 → 1,766 → 877 → 877 → 84 observed · qualified · market · attempts · fills	4.8%	10.0%	$122	6.3×
research no holdout	THT_S5_GRID_BX_C20_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	60.5%	26.8%	—	—	19.8%	—	1.35	0.93	1.41	3.19	0.68	1.45	68.5%	124	89d	22.3%	15.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,549	11.9×
research no holdout	THT_S5_GRID_BX_C20_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	60.5%	26.8%	—	—	19.8%	—	1.35	0.93	1.41	3.19	0.68	1.45	68.5%	124	89d	22.3%	15.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,549	11.9×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N2_TRIM25 equity_curve_tht_recycling_validation	validation	22.5%	10.7%	25.9%	-15.2%	8.0%	10.0%	1.34	1.00	1.47	2.13	0.58	2.24	48.7%	78	40d	13.8%	8.2%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$182	12.5×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N2_TRIM25 equity_curve_tht_recycling_validation	validation	22.5%	10.7%	25.9%	-15.2%	8.0%	10.0%	1.34	1.00	1.47	2.13	0.58	2.24	48.7%	78	40d	13.8%	8.2%	106,406 → 2,981 → 1,562 → 1,562 → 78 observed · qualified · market · attempts · fills	2.6%	10.0%	$182	12.5×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N2_NEG equity_curve_tht_recycling_validation	validation	25.6%	12.1%	25.9%	-13.8%	9.1%	10.0%	1.34	1.09	1.62	2.31	0.65	2.25	50.6%	77	44d	14.3%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 77 observed · qualified · market · attempts · fills	2.6%	10.0%	$182	12.7×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N2_NEG equity_curve_tht_recycling_validation	validation	25.6%	12.1%	25.9%	-13.8%	9.1%	10.0%	1.34	1.09	1.62	2.31	0.65	2.25	50.6%	77	44d	14.3%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 77 observed · qualified · market · attempts · fills	2.6%	10.0%	$182	12.7×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C05 equity_curve_tht_breadth_validation	validation	14.3%	6.9%	25.9%	-19.0%	5.3%	10.0%	1.32	1.30	2.15	3.14	1.15	3.61	46.5%	43	38d	31.8%	8.4%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$63	3.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C05 equity_curve_tht_breadth_validation	validation	14.3%	6.9%	25.9%	-19.0%	5.3%	10.0%	1.32	1.30	2.15	3.14	1.15	3.61	46.5%	43	38d	31.8%	8.4%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$63	3.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C10 equity_curve_tht_breadth_validation	validation	14.3%	6.9%	25.9%	-19.0%	5.3%	10.0%	1.32	1.30	2.15	3.14	1.15	3.61	46.5%	43	38d	31.8%	8.4%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$63	3.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C10 equity_curve_tht_breadth_validation	validation	14.3%	6.9%	25.9%	-19.0%	5.3%	10.0%	1.32	1.30	2.15	3.14	1.15	3.61	46.5%	43	38d	31.8%	8.4%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$63	3.3×
research no holdout · CAGR ≤ SPY	THT_RANK_FV_ONLY equity_curve_tht_ranking_validation	validation	14.3%	6.9%	25.9%	-19.0%	5.3%	10.0%	1.32	1.30	2.15	3.14	1.15	3.61	46.5%	43	38d	31.8%	8.4%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$63	3.3×
research no holdout · CAGR ≤ SPY	THT_RANK_FV_ONLY equity_curve_tht_ranking_validation	validation	14.3%	6.9%	25.9%	-19.0%	5.3%	10.0%	1.32	1.30	2.15	3.14	1.15	3.61	46.5%	43	38d	31.8%	8.4%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$63	3.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C10 equity_curve_tht_breadth_validation	validation	10.9%	5.3%	25.9%	-20.5%	4.1%	10.0%	1.31	1.17	1.74	2.68	0.90	3.07	46.6%	58	45d	17.5%	6.3%	106,406 → 2,981 → 1,562 → 1,562 → 58 observed · qualified · market · attempts · fills	1.9%	7.1%	$84	4.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C10 equity_curve_tht_breadth_validation	validation	10.9%	5.3%	25.9%	-20.5%	4.1%	10.0%	1.31	1.17	1.74	2.68	0.90	3.07	46.6%	58	45d	17.5%	6.3%	106,406 → 2,981 → 1,562 → 1,562 → 58 observed · qualified · market · attempts · fills	1.9%	7.1%	$84	4.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C15 equity_curve_tht_breadth_validation	validation	10.9%	5.3%	25.9%	-20.5%	4.1%	10.0%	1.31	1.17	1.74	2.68	0.90	3.07	46.6%	58	45d	17.5%	6.3%	106,406 → 2,981 → 1,562 → 1,562 → 58 observed · qualified · market · attempts · fills	1.9%	7.1%	$84	4.3×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C15 equity_curve_tht_breadth_validation	validation	10.9%	5.3%	25.9%	-20.5%	4.1%	10.0%	1.31	1.17	1.74	2.68	0.90	3.07	46.6%	58	45d	17.5%	6.3%	106,406 → 2,981 → 1,562 → 1,562 → 58 observed · qualified · market · attempts · fills	1.9%	7.1%	$84	4.3×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N3_NEG equity_curve_tht_recycling_validation	validation	24.8%	11.7%	25.9%	-14.2%	9.1%	10.0%	1.30	1.08	1.60	2.27	0.67	2.52	47.4%	76	42d	14.5%	7.4%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$182	12.6×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N3_NEG equity_curve_tht_recycling_validation	validation	24.8%	11.7%	25.9%	-14.2%	9.1%	10.0%	1.30	1.08	1.60	2.27	0.67	2.52	47.4%	76	42d	14.5%	7.4%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$182	12.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	57.6%	25.6%	—	—	19.9%	—	1.29	0.90	1.37	2.96	-0.07	0.39	66.4%	122	90d	22.2%	56.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,544	11.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	57.6%	25.6%	—	—	19.9%	—	1.29	0.90	1.37	2.96	-0.07	0.39	66.4%	122	90d	22.2%	56.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,544	11.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N3_TRIM25 equity_curve_tht_recycling_validation	validation	24.8%	11.8%	25.9%	-14.1%	9.2%	10.0%	1.29	1.09	1.60	2.28	0.65	2.40	48.7%	76	42d	14.2%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$183	12.7×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D63_N3_TRIM25 equity_curve_tht_recycling_validation	validation	24.8%	11.8%	25.9%	-14.1%	9.2%	10.0%	1.29	1.09	1.60	2.28	0.65	2.40	48.7%	76	42d	14.2%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$183	12.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	36.6%	17.0%	—	—	13.2%	—	1.28	0.98	1.44	2.27	-0.52	0.51	31.8%	283	65d	29.9%	58.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,803	13.2×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	36.6%	17.0%	—	—	13.2%	—	1.28	0.98	1.44	2.27	-0.52	0.51	31.8%	283	65d	29.9%	58.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,803	13.2×
research no holdout	THT_S5_GRID_LOWER_C15_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	46.9%	21.3%	—	—	16.6%	—	1.28	1.03	1.55	2.77	0.00	1.45	40.8%	71	79d	33.7%	23.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,696	13.7×
research no holdout	THT_S5_GRID_LOWER_C15_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	46.9%	21.3%	—	—	16.6%	—	1.28	1.03	1.55	2.77	0.00	1.45	40.8%	71	79d	33.7%	23.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,696	13.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	36.4%	16.9%	—	—	13.2%	—	1.28	0.97	1.42	2.18	-0.23	1.39	32.1%	290	64d	30.3%	21.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,893	13.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	36.4%	16.9%	—	—	13.2%	—	1.28	0.97	1.42	2.18	-0.23	1.39	32.1%	290	64d	30.3%	21.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,893	13.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	46.8%	21.3%	—	—	16.6%	—	1.28	1.03	1.55	2.76	-0.18	1.28	36.1%	72	65d	28.1%	22.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,697	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	46.8%	21.3%	—	—	16.6%	—	1.28	1.03	1.55	2.76	-0.18	1.28	36.1%	72	65d	28.1%	22.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,697	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	46.8%	21.3%	—	—	16.6%	—	1.28	1.03	1.55	2.76	-0.18	1.28	36.1%	72	65d	28.1%	22.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,697	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	46.8%	21.3%	—	—	16.6%	—	1.28	1.03	1.55	2.76	-0.18	1.28	36.1%	72	65d	28.1%	22.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,697	13.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N1_TRIM25 equity_curve_tht_recycling_validation	validation	23.0%	11.0%	25.9%	-14.9%	8.6%	10.0%	1.28	1.00	1.48	2.17	0.62	2.42	47.3%	74	42d	15.8%	7.7%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$178	12.3×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N1_TRIM25 equity_curve_tht_recycling_validation	validation	23.0%	11.0%	25.9%	-14.9%	8.6%	10.0%	1.28	1.00	1.48	2.17	0.62	2.42	47.3%	74	42d	15.8%	7.7%	106,406 → 2,981 → 1,562 → 1,562 → 74 observed · qualified · market · attempts · fills	2.5%	10.0%	$178	12.3×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N3_NEG equity_curve_tht_recycling_validation	validation	24.3%	11.6%	25.9%	-14.3%	9.1%	10.0%	1.27	1.05	1.56	2.25	0.65	2.43	48.1%	79	42d	13.9%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 79 observed · qualified · market · attempts · fills	2.7%	10.0%	$184	12.7×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N3_NEG equity_curve_tht_recycling_validation	validation	24.3%	11.6%	25.9%	-14.3%	9.1%	10.0%	1.27	1.05	1.56	2.25	0.65	2.43	48.1%	79	42d	13.9%	7.2%	106,406 → 2,981 → 1,562 → 1,562 → 79 observed · qualified · market · attempts · fills	2.7%	10.0%	$184	12.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	43.6%	19.9%	—	—	15.6%	—	1.27	1.17	1.71	3.00	-0.40	1.02	29.9%	87	62d	29.2%	28.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,595	13.2×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	43.6%	19.9%	—	—	15.6%	—	1.27	1.17	1.71	3.00	-0.40	1.02	29.9%	87	62d	29.2%	28.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,595	13.2×
research no holdout	THT_RECYCLE_R075_D21_N3_TRIM25 equity_curve_tht_recycling_development	development	154.5%	26.4%	13.1%	13.3%	20.8%	33.7%	1.27	1.25	1.91	1.72	0.38	1.92	47.3%	279	27d	25.2%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 279 observed · qualified · market · attempts · fills	5.9%	10.0%	$1,207	92.3×
research no holdout	THT_RECYCLE_R075_D21_N3_TRIM25 equity_curve_tht_recycling_development	development	154.5%	26.4%	13.1%	13.3%	20.8%	33.7%	1.27	1.25	1.91	1.72	0.38	1.92	47.3%	279	27d	25.2%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 279 observed · qualified · market · attempts · fills	5.9%	10.0%	$1,207	92.3×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N3_TRIM25 equity_curve_tht_recycling_validation	validation	24.4%	11.6%	25.9%	-14.3%	9.2%	10.0%	1.27	1.05	1.56	2.25	0.64	2.31	49.4%	79	42d	13.6%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 79 observed · qualified · market · attempts · fills	2.7%	10.0%	$185	12.8×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D63_N3_TRIM25 equity_curve_tht_recycling_validation	validation	24.4%	11.6%	25.9%	-14.3%	9.2%	10.0%	1.27	1.05	1.56	2.25	0.64	2.31	49.4%	79	42d	13.6%	7.0%	106,406 → 2,981 → 1,562 → 1,562 → 79 observed · qualified · market · attempts · fills	2.7%	10.0%	$185	12.8×
research no holdout	THT_S5_GRID_BX_C10_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	45.4%	20.7%	—	—	16.4%	—	1.26	0.94	1.38	3.33	0.77	1.61	67.5%	117	87d	21.6%	13.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,132	8.7×
research no holdout	THT_S5_GRID_BX_C10_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	45.4%	20.7%	—	—	16.4%	—	1.26	0.94	1.38	3.33	0.77	1.61	67.5%	117	87d	21.6%	13.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,132	8.7×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N1_TRIM25 equity_curve_tht_recycling_validation	validation	22.6%	10.8%	25.9%	-15.1%	8.6%	10.0%	1.26	0.98	1.44	2.15	0.62	2.52	46.1%	76	43d	15.8%	7.8%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$179	12.4×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N1_TRIM25 equity_curve_tht_recycling_validation	validation	22.6%	10.8%	25.9%	-15.1%	8.6%	10.0%	1.26	0.98	1.44	2.15	0.62	2.52	46.1%	76	43d	15.8%	7.8%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$179	12.4×
research no holdout	THT_RECYCLE_R075_D21_N1_TRIM25 equity_curve_tht_recycling_development	development	157.4%	26.7%	13.1%	13.6%	21.4%	33.7%	1.25	1.24	1.87	1.75	0.39	1.90	48.0%	269	31d	26.7%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 269 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,123	87.0×
research no holdout	THT_RECYCLE_R075_D21_N1_TRIM25 equity_curve_tht_recycling_development	development	157.4%	26.7%	13.1%	13.6%	21.4%	33.7%	1.25	1.24	1.87	1.75	0.39	1.90	48.0%	269	31d	26.7%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 269 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,123	87.0×
research no holdout	THT_S5_GRID_BX_C20_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	58.9%	26.2%	—	—	20.9%	—	1.25	0.92	1.39	3.06	0.60	1.34	68.4%	95	96d	22.0%	16.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,501	11.8×
research no holdout	THT_S5_GRID_BX_C20_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	58.9%	26.2%	—	—	20.9%	—	1.25	0.92	1.39	3.06	0.60	1.34	68.4%	95	96d	22.0%	16.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,501	11.8×
research no holdout	THT_RECYCLE_R075_D21_N1_NEG equity_curve_tht_recycling_development	development	157.6%	26.8%	13.1%	13.7%	21.4%	33.7%	1.25	1.23	1.87	1.75	0.39	1.93	47.6%	267	31d	27.2%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 267 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,121	86.9×
research no holdout	THT_RECYCLE_R075_D21_N1_NEG equity_curve_tht_recycling_development	development	157.6%	26.8%	13.1%	13.7%	21.4%	33.7%	1.25	1.23	1.87	1.75	0.39	1.93	47.6%	267	31d	27.2%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 267 observed · qualified · market · attempts · fills	5.7%	10.0%	$1,121	86.9×
research no holdout	THT_S5_GRID_BX_C10_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	28.2%	13.3%	—	—	10.7%	—	1.24	0.82	1.22	2.88	0.65	1.52	65.7%	134	88d	21.9%	14.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$851	6.2×
research no holdout	THT_S5_GRID_BX_C10_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	28.2%	13.3%	—	—	10.7%	—	1.24	0.82	1.22	2.88	0.65	1.52	65.7%	134	88d	21.9%	14.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$851	6.2×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	38.2%	17.6%	—	—	14.2%	—	1.24	0.95	1.44	2.29	0.91	3.63	41.1%	124	89d	32.2%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,974	14.8×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	38.2%	17.6%	—	—	14.2%	—	1.24	0.95	1.44	2.29	0.91	3.63	41.1%	124	89d	32.2%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,974	14.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	47.7%	21.6%	—	—	17.5%	—	1.24	1.07	1.58	2.34	-0.70	0.15	25.9%	139	52d	35.4%	234.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,023	15.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	47.7%	21.6%	—	—	17.5%	—	1.24	1.07	1.58	2.34	-0.70	0.15	25.9%	139	52d	35.4%	234.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,023	15.7×
research no holdout	THT_S5_GRID_LOWER_C20_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	47.5%	21.5%	—	—	17.4%	—	1.24	1.07	1.58	2.45	0.20	3.22	28.3%	120	55d	35.6%	11.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,912	15.1×
research no holdout	THT_S5_GRID_LOWER_C20_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	47.5%	21.5%	—	—	17.4%	—	1.24	1.07	1.58	2.45	0.20	3.22	28.3%	120	55d	35.6%	11.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,912	15.1×
research no holdout · CAGR ≤ SPY	THT_CF_BX_ONLY equity_curve_tht_confirmed_lower_validation	validation	18.3%	8.8%	25.9%	-17.1%	7.1%	10.0%	1.24	1.14	1.76	3.78	0.51	0.86	81.5%	27	83d	21.8%	25.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$354	3.0×
research no holdout	THT_S5_GRID_BX_C20_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	32.5%	15.1%	—	—	12.3%	—	1.23	0.75	1.16	2.49	0.54	1.36	65.2%	161	88d	20.9%	15.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,177	8.3×
research no holdout	THT_S5_GRID_BX_C20_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	32.5%	15.1%	—	—	12.3%	—	1.23	0.75	1.16	2.49	0.54	1.36	65.2%	161	88d	20.9%	15.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,177	8.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	42.6%	19.5%	—	—	15.9%	—	1.23	1.14	1.66	2.86	-0.42	1.23	26.1%	92	52d	26.9%	21.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,696	13.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	42.6%	19.5%	—	—	15.9%	—	1.23	1.14	1.66	2.86	-0.42	1.23	26.1%	92	52d	26.9%	21.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,696	13.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	42.6%	19.5%	—	—	15.9%	—	1.23	1.14	1.66	2.86	-0.42	1.23	26.1%	92	52d	26.9%	21.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,696	13.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	42.6%	19.5%	—	—	15.9%	—	1.23	1.14	1.66	2.86	-0.42	1.23	26.1%	92	52d	26.9%	21.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,696	13.9×
research no holdout	THT_S5_GRID_BX_C15_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	30.4%	14.3%	—	—	11.7%	—	1.22	0.77	1.16	2.63	0.53	1.41	63.4%	145	90d	21.2%	15.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,029	7.4×
research no holdout	THT_S5_GRID_BX_C15_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	30.4%	14.3%	—	—	11.7%	—	1.22	0.77	1.16	2.63	0.53	1.41	63.4%	145	90d	21.2%	15.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,029	7.4×
research no holdout	THT_RECYCLE_R075_D21_N2_TRIM25 equity_curve_tht_recycling_development	development	147.3%	25.5%	13.1%	12.4%	20.9%	33.7%	1.22	1.20	1.83	1.70	0.36	1.83	48.2%	280	29d	24.9%	11.8%	186,103 → 4,720 → 3,032 → 3,014 → 280 observed · qualified · market · attempts · fills	5.9%	10.0%	$1,146	87.9×
research no holdout	THT_RECYCLE_R075_D21_N2_TRIM25 equity_curve_tht_recycling_development	development	147.3%	25.5%	13.1%	12.4%	20.9%	33.7%	1.22	1.20	1.83	1.70	0.36	1.83	48.2%	280	29d	24.9%	11.8%	186,103 → 4,720 → 3,032 → 3,014 → 280 observed · qualified · market · attempts · fills	5.9%	10.0%	$1,146	87.9×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	37.7%	17.4%	—	—	14.4%	—	1.21	0.95	1.42	2.26	0.91	3.67	40.8%	125	89d	32.2%	8.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,966	14.8×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	37.7%	17.4%	—	—	14.4%	—	1.21	0.95	1.42	2.26	0.91	3.67	40.8%	125	89d	32.2%	8.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,966	14.8×
research CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	15.4%	15.5%	18.1%	-2.6%	12.9%	18.8%	1.21	1.15	1.66	2.16	0.64	2.68	44.6%	74	44d	13.9%	5.5%	42,074 → 1,092 → 1,092 → 1,062 → 74 observed · qualified · market · attempts · fills· 299 band rejects	6.8%	10.0%	$132	8.1×
research CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	15.4%	15.5%	18.1%	-2.6%	12.9%	18.8%	1.21	1.15	1.66	2.16	0.64	2.68	44.6%	74	44d	13.9%	5.5%	42,074 → 1,092 → 1,092 → 1,062 → 74 observed · qualified · market · attempts · fills· 299 band rejects	6.8%	10.0%	$132	8.1×
research no holdout	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_recycling_development	development	166.3%	27.8%	13.1%	14.7%	23.1%	33.7%	1.20	1.18	1.82	1.76	0.41	2.04	46.3%	255	28d	26.0%	12.5%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,193	94.8×
research no holdout	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_recycling_development	development	166.3%	27.8%	13.1%	14.7%	23.1%	33.7%	1.20	1.18	1.82	1.76	0.41	2.04	46.3%	255	28d	26.0%	12.5%	186,103 → 4,720 → 3,032 → 3,014 → 255 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,193	94.8×
research no holdout	THT_RECYCLE_R075_D63_N2_EXIT equity_curve_tht_recycling_development	development	149.6%	25.8%	13.1%	12.7%	21.4%	33.7%	1.20	1.19	1.79	1.68	0.37	2.02	45.3%	256	31d	28.7%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,127	88.2×
research no holdout	THT_RECYCLE_R075_D63_N2_EXIT equity_curve_tht_recycling_development	development	149.6%	25.8%	13.1%	12.7%	21.4%	33.7%	1.20	1.19	1.79	1.68	0.37	2.02	45.3%	256	31d	28.7%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,127	88.2×
research no holdout	THT_RECYCLE_R075_D42_N1_NEG equity_curve_tht_recycling_development	development	175.4%	28.9%	13.1%	15.8%	24.0%	33.7%	1.20	1.30	1.97	1.70	0.38	2.00	45.8%	264	32d	30.5%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 264 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,227	97.4×
research no holdout	THT_RECYCLE_R075_D42_N1_NEG equity_curve_tht_recycling_development	development	175.4%	28.9%	13.1%	15.8%	24.0%	33.7%	1.20	1.30	1.97	1.70	0.38	2.00	45.8%	264	32d	30.5%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 264 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,227	97.4×
research no holdout	THT_RECYCLE_R075_D42_N1_TRIM25 equity_curve_tht_recycling_development	development	175.2%	28.9%	13.1%	15.8%	24.1%	33.7%	1.20	1.30	1.97	1.70	0.38	1.99	46.0%	265	32d	30.2%	11.4%	186,103 → 4,720 → 3,032 → 3,014 → 265 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,230	97.5×
research no holdout	THT_RECYCLE_R075_D42_N1_TRIM25 equity_curve_tht_recycling_development	development	175.2%	28.9%	13.1%	15.8%	24.1%	33.7%	1.20	1.30	1.97	1.70	0.38	1.99	46.0%	265	32d	30.2%	11.4%	186,103 → 4,720 → 3,032 → 3,014 → 265 observed · qualified · market · attempts · fills	5.6%	10.0%	$1,230	97.5×
research DD > 30%	THT_S5_LOWER_ONLY equity_curve_tht_stage5_holdout	holdout	45.2%	45.5%	18.1%	27.4%	38.3%	18.8%	1.19	1.00	1.50	1.22	0.17	3.89	23.9%	117	39d	66.8%	17.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,356	10.5×
research DD > 30%	THT_S5_LOWER_ONLY equity_curve_tht_stage5_holdout	holdout	45.2%	45.5%	18.1%	27.4%	38.3%	18.8%	1.19	1.00	1.50	2.36	0.17	3.89	23.9%	117	39d	66.8%	17.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,356	10.5×
research no holdout	THT_S5_GRID_LOWER_C25_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	48.3%	21.9%	—	—	18.5%	—	1.18	1.03	1.53	2.84	0.04	1.84	36.7%	49	69d	29.5%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,572	12.8×
research no holdout	THT_S5_GRID_LOWER_C25_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	48.3%	21.9%	—	—	18.5%	—	1.18	1.03	1.53	2.84	0.04	1.84	36.7%	49	69d	29.5%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,572	12.8×
research no holdout	THT_S5_GRID_LOWER_C25_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	48.3%	21.9%	—	—	18.5%	—	1.18	1.03	1.53	2.84	0.04	1.84	36.7%	49	69d	29.5%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,572	12.8×
research no holdout	THT_S5_GRID_LOWER_C25_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	48.3%	21.9%	—	—	18.5%	—	1.18	1.03	1.53	2.84	0.04	1.84	36.7%	49	69d	29.5%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,572	12.8×
research no holdout	THT_S5_GRID_LOWER_C25_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	48.3%	21.9%	—	—	18.5%	—	1.18	1.03	1.53	2.84	0.04	1.84	36.7%	49	69d	29.5%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,572	12.8×
research no holdout	THT_S5_GRID_LOWER_C25_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	48.3%	21.9%	—	—	18.5%	—	1.18	1.03	1.53	2.84	0.04	1.84	36.7%	49	69d	29.5%	16.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,572	12.8×
research no holdout	THT_RECYCLE_R075_D21_N1_EXIT equity_curve_tht_recycling_development	development	151.7%	26.0%	13.1%	12.9%	22.0%	33.7%	1.18	1.21	1.83	1.73	0.39	1.93	47.3%	275	30d	26.6%	10.6%	186,103 → 4,720 → 3,032 → 3,014 → 275 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,122	86.6×
research no holdout	THT_RECYCLE_R075_D21_N1_EXIT equity_curve_tht_recycling_development	development	151.7%	26.0%	13.1%	12.9%	22.0%	33.7%	1.18	1.21	1.83	1.73	0.39	1.93	47.3%	275	30d	26.6%	10.6%	186,103 → 4,720 → 3,032 → 3,014 → 275 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,122	86.6×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C10 equity_curve_tht_breadth_development	development	41.8%	9.1%	13.1%	-3.9%	7.8%	33.7%	1.18	1.12	1.64	1.85	0.49	2.50	42.6%	223	33d	25.7%	8.3%	186,103 → 4,720 → 3,032 → 3,014 → 223 observed · qualified · market · attempts · fills	4.7%	9.3%	$368	20.6×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C10 equity_curve_tht_breadth_development	development	41.8%	9.1%	13.1%	-3.9%	7.8%	33.7%	1.18	1.12	1.64	1.85	0.49	2.50	42.6%	223	33d	25.7%	8.3%	186,103 → 4,720 → 3,032 → 3,014 → 223 observed · qualified · market · attempts · fills	4.7%	9.3%	$368	20.6×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C15 equity_curve_tht_breadth_development	development	41.8%	9.1%	13.1%	-3.9%	7.8%	33.7%	1.18	1.12	1.64	1.85	0.49	2.50	42.6%	223	33d	25.7%	8.3%	186,103 → 4,720 → 3,032 → 3,014 → 223 observed · qualified · market · attempts · fills	4.7%	9.3%	$368	20.6×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C15 equity_curve_tht_breadth_development	development	41.8%	9.1%	13.1%	-3.9%	7.8%	33.7%	1.18	1.12	1.64	1.85	0.49	2.50	42.6%	223	33d	25.7%	8.3%	186,103 → 4,720 → 3,032 → 3,014 → 223 observed · qualified · market · attempts · fills	4.7%	9.3%	$368	20.6×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N1_NEG equity_curve_tht_recycling_validation	validation	21.2%	10.1%	25.9%	-15.8%	8.6%	10.0%	1.17	0.96	1.40	2.08	0.59	2.56	44.7%	76	42d	14.7%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$177	12.2×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R100_D42_N1_NEG equity_curve_tht_recycling_validation	validation	21.2%	10.1%	25.9%	-15.8%	8.6%	10.0%	1.17	0.96	1.40	2.08	0.59	2.56	44.7%	76	42d	14.7%	8.1%	106,406 → 2,981 → 1,562 → 1,562 → 76 observed · qualified · market · attempts · fills	2.5%	10.0%	$177	12.2×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N1_NEG equity_curve_tht_recycling_validation	validation	20.7%	9.9%	25.9%	-16.0%	8.6%	10.0%	1.16	0.93	1.36	2.05	0.60	2.71	43.0%	79	43d	14.8%	8.9%	106,406 → 2,981 → 1,562 → 1,562 → 79 observed · qualified · market · attempts · fills	2.7%	10.0%	$179	12.2×
research no holdout · CAGR ≤ SPY	THT_RECYCLE_R075_D42_N1_NEG equity_curve_tht_recycling_validation	validation	20.7%	9.9%	25.9%	-16.0%	8.6%	10.0%	1.16	0.93	1.36	2.05	0.60	2.71	43.0%	79	43d	14.8%	8.9%	106,406 → 2,981 → 1,562 → 1,562 → 79 observed · qualified · market · attempts · fills	2.7%	10.0%	$179	12.2×
research no holdout	THT_S5_GRID_LOWER_C15_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	40.4%	18.6%	—	—	16.1%	—	1.15	1.07	1.59	2.61	0.19	2.10	38.5%	104	81d	30.3%	14.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,825	13.8×
research no holdout	THT_S5_GRID_LOWER_C15_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	40.4%	18.6%	—	—	16.1%	—	1.15	1.07	1.59	2.61	0.19	2.10	38.5%	104	81d	30.3%	14.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,825	13.8×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	36.9%	17.1%	—	—	14.8%	—	1.15	0.94	1.41	2.22	0.88	3.77	39.5%	129	86d	32.3%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,953	14.6×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	36.9%	17.1%	—	—	14.8%	—	1.15	0.94	1.41	2.22	0.88	3.77	39.5%	129	86d	32.3%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,953	14.6×
research no holdout	THT_S5_GRID_LOWER_C20_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	49.3%	22.3%	—	—	19.4%	—	1.15	1.03	1.54	2.94	0.03	1.92	35.2%	54	67d	30.0%	15.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,526	12.7×
research no holdout	THT_S5_GRID_LOWER_C20_H08_R100 equity_curve_tht_sizing_risk_100	validation_sizing	49.3%	22.3%	—	—	19.4%	—	1.15	1.03	1.54	2.94	0.03	1.92	35.2%	54	67d	30.0%	15.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,526	12.7×
research no holdout	THT_S5_GRID_LOWER_C20_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	49.3%	22.3%	—	—	19.4%	—	1.15	1.03	1.54	2.94	0.03	1.92	35.2%	54	67d	30.0%	15.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,526	12.7×
research no holdout	THT_S5_GRID_LOWER_C20_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	49.3%	22.3%	—	—	19.4%	—	1.15	1.03	1.54	2.94	0.03	1.92	35.2%	54	67d	30.0%	15.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,526	12.7×
research no holdout	THT_S5_GRID_LOWER_C20_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	49.3%	22.3%	—	—	19.4%	—	1.15	1.03	1.54	2.94	0.03	1.92	35.2%	54	67d	30.0%	15.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,526	12.7×
research no holdout	THT_S5_GRID_LOWER_C20_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	49.3%	22.3%	—	—	19.4%	—	1.15	1.03	1.54	2.94	0.03	1.92	35.2%	54	67d	30.0%	15.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,526	12.7×
research CAGR ≤ SPY	THT_REV_HOLDOUT_H3 tht_revised_locked_holdout_2023_2025	locked_holdout_2023_2025	50.6%	14.7%	23.1%	-8.4%	12.8%	18.8%	1.15	1.27	1.94	2.08	0.55	2.14	49.3%	211	49d	22.5%	10.5%	160,690 → 4,770 → 4,738 → 4,696 → 211 observed · qualified · market · attempts · fills· 128 band rejects	4.4%	15.0%	$455	21.2×
research no holdout	THT_RECYCLE_R075_D21_N3_EXIT equity_curve_tht_recycling_development	development	131.7%	23.4%	13.1%	10.3%	20.5%	33.7%	1.14	1.17	1.77	1.62	0.33	1.85	46.8%	280	25d	23.2%	10.7%	186,103 → 4,720 → 3,032 → 3,014 → 280 observed · qualified · market · attempts · fills	5.9%	10.0%	$1,166	89.5×
research no holdout	THT_RECYCLE_R075_D21_N3_EXIT equity_curve_tht_recycling_development	development	131.7%	23.4%	13.1%	10.3%	20.5%	33.7%	1.14	1.17	1.77	1.62	0.33	1.85	46.8%	280	25d	23.2%	10.7%	186,103 → 4,720 → 3,032 → 3,014 → 280 observed · qualified · market · attempts · fills	5.9%	10.0%	$1,166	89.5×
research no holdout	THT_RECYCLE_R100_D42_N2_NEG equity_curve_tht_recycling_development	development	169.5%	28.2%	13.1%	15.1%	24.8%	33.7%	1.14	1.17	1.81	1.78	0.41	2.01	47.0%	251	30d	26.5%	11.8%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,152	91.0×
research no holdout	THT_RECYCLE_R100_D42_N2_NEG equity_curve_tht_recycling_development	development	169.5%	28.2%	13.1%	15.1%	24.8%	33.7%	1.14	1.17	1.81	1.78	0.41	2.01	47.0%	251	30d	26.5%	11.8%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,152	91.0×
research no holdout	THT_S5_GRID_LOWER_C25_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	43.0%	19.7%	—	—	17.4%	—	1.13	1.00	1.49	2.38	0.11	2.99	28.0%	118	55d	32.7%	11.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,836	14.5×
research no holdout	THT_S5_GRID_LOWER_C25_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	43.0%	19.7%	—	—	17.4%	—	1.13	1.00	1.49	2.38	0.11	2.99	28.0%	118	55d	32.7%	11.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,836	14.5×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C05 equity_curve_tht_breadth_development	development	26.4%	6.0%	13.1%	-7.0%	5.4%	33.7%	1.12	1.02	1.52	2.01	0.60	2.98	40.3%	134	34d	29.5%	7.8%	186,103 → 4,720 → 3,032 → 3,014 → 134 observed · qualified · market · attempts · fills	2.8%	7.0%	$213	11.4×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C05 equity_curve_tht_breadth_development	development	26.4%	6.0%	13.1%	-7.0%	5.4%	33.7%	1.12	1.02	1.52	2.01	0.60	2.98	40.3%	134	34d	29.5%	7.8%	186,103 → 4,720 → 3,032 → 3,014 → 134 observed · qualified · market · attempts · fills	2.8%	7.0%	$213	11.4×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C10 equity_curve_tht_breadth_development	development	26.4%	6.0%	13.1%	-7.0%	5.4%	33.7%	1.12	1.02	1.52	2.01	0.60	2.98	40.3%	134	34d	29.5%	7.8%	186,103 → 4,720 → 3,032 → 3,014 → 134 observed · qualified · market · attempts · fills	2.8%	7.0%	$213	11.4×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E1_C10 equity_curve_tht_breadth_development	development	26.4%	6.0%	13.1%	-7.0%	5.4%	33.7%	1.12	1.02	1.52	2.01	0.60	2.98	40.3%	134	34d	29.5%	7.8%	186,103 → 4,720 → 3,032 → 3,014 → 134 observed · qualified · market · attempts · fills	2.8%	7.0%	$213	11.4×
research no holdout · CAGR ≤ SPY	THT_RANK_FV_ONLY equity_curve_tht_ranking_development	development	26.4%	6.0%	13.1%	-7.0%	5.4%	33.7%	1.12	1.02	1.52	2.01	0.60	2.98	40.3%	134	34d	29.5%	7.8%	186,103 → 4,720 → 3,032 → 3,014 → 134 observed · qualified · market · attempts · fills	2.8%	7.0%	$213	11.4×
research no holdout · CAGR ≤ SPY	THT_RANK_FV_ONLY equity_curve_tht_ranking_development	development	26.4%	6.0%	13.1%	-7.0%	5.4%	33.7%	1.12	1.02	1.52	2.01	0.60	2.98	40.3%	134	34d	29.5%	7.8%	186,103 → 4,720 → 3,032 → 3,014 → 134 observed · qualified · market · attempts · fills	2.8%	7.0%	$213	11.4×
research no holdout	THT_RECYCLE_R075_D21_N2_EXIT equity_curve_tht_recycling_development	development	133.4%	23.7%	13.1%	10.6%	21.2%	33.7%	1.12	1.15	1.74	1.64	0.33	1.81	47.4%	274	27d	23.8%	10.4%	186,103 → 4,720 → 3,032 → 3,014 → 274 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,132	86.7×
research no holdout	THT_RECYCLE_R075_D21_N2_EXIT equity_curve_tht_recycling_development	development	133.4%	23.7%	13.1%	10.6%	21.2%	33.7%	1.12	1.15	1.74	1.64	0.33	1.81	47.4%	274	27d	23.8%	10.4%	186,103 → 4,720 → 3,032 → 3,014 → 274 observed · qualified · market · attempts · fills	5.8%	10.0%	$1,132	86.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	43.4%	19.8%	—	—	17.8%	—	1.11	1.12	1.64	2.85	-0.10	1.76	32.6%	95	68d	33.0%	18.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,703	13.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	43.4%	19.8%	—	—	17.8%	—	1.11	1.12	1.64	2.85	-0.10	1.76	32.6%	95	68d	33.0%	18.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,703	13.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	42.9%	19.6%	—	—	17.6%	—	1.11	1.05	1.53	2.61	-0.23	1.44	31.8%	63	59d	28.2%	19.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,654	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	42.9%	19.6%	—	—	17.6%	—	1.11	1.05	1.53	2.61	-0.23	1.44	31.8%	63	59d	28.2%	19.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,654	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	42.9%	19.6%	—	—	17.6%	—	1.11	1.05	1.53	2.61	-0.23	1.44	31.8%	63	59d	28.2%	19.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,654	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	42.9%	19.6%	—	—	17.6%	—	1.11	1.05	1.53	2.61	-0.23	1.44	31.8%	63	59d	28.2%	19.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,654	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	42.9%	19.6%	—	—	17.6%	—	1.11	1.05	1.53	2.61	-0.23	1.43	31.8%	63	59d	28.2%	19.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,654	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	42.9%	19.6%	—	—	17.6%	—	1.11	1.05	1.53	2.61	-0.23	1.43	31.8%	63	59d	28.2%	19.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,654	13.3×
research no holdout	THT_S5_GRID_LOWER_C25_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	44.1%	20.1%	—	—	18.2%	—	1.11	1.02	1.52	2.41	0.15	3.01	28.6%	126	57d	33.3%	11.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	23.2%	$1,839	14.6×
research no holdout	THT_S5_GRID_LOWER_C25_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	44.1%	20.1%	—	—	18.2%	—	1.11	1.02	1.52	2.41	0.15	3.01	28.6%	126	57d	33.3%	11.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	23.2%	$1,839	14.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	41.5%	19.0%	—	—	17.2%	—	1.10	1.00	1.49	2.54	-0.09	1.41	37.6%	101	74d	30.7%	21.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,687	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	41.5%	19.0%	—	—	17.2%	—	1.10	1.00	1.49	2.54	-0.09	1.41	37.6%	101	74d	30.7%	21.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,687	13.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	42.0%	19.3%	—	—	17.6%	—	1.10	1.01	1.51	2.64	-0.30	1.11	33.3%	99	71d	31.6%	28.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,591	12.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	42.0%	19.3%	—	—	17.6%	—	1.10	1.01	1.51	2.64	-0.30	1.11	33.3%	99	71d	31.6%	28.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,591	12.8×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	35.4%	16.4%	—	—	15.0%	—	1.09	0.93	1.40	2.16	0.56	3.38	35.7%	143	80d	32.3%	9.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,872	14.1×
research no holdout	THT_S5_GRID_LOWER_C10_H08_R025 equity_curve_tht_sizing_risk_025	validation_sizing	35.4%	16.4%	—	—	15.0%	—	1.09	0.93	1.40	2.16	0.56	3.38	35.7%	143	80d	32.3%	9.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,872	14.1×
research no holdout	THT_RECYCLE_R100_D42_N2_TRIM25 equity_curve_tht_recycling_development	development	166.3%	27.8%	13.1%	14.7%	25.6%	33.7%	1.09	1.16	1.79	1.77	0.40	1.97	47.2%	254	30d	26.0%	10.7%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,157	91.2×
research no holdout	THT_RECYCLE_R100_D42_N2_TRIM25 equity_curve_tht_recycling_development	development	166.3%	27.8%	13.1%	14.7%	25.6%	33.7%	1.09	1.16	1.79	1.77	0.40	1.97	47.2%	254	30d	26.0%	10.7%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,157	91.2×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	46.4%	21.1%	—	—	19.4%	—	1.08	1.02	1.53	2.66	-0.26	1.46	30.0%	70	56d	27.7%	19.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,775	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	46.4%	21.1%	—	—	19.4%	—	1.08	1.02	1.53	2.66	-0.26	1.46	30.0%	70	56d	27.7%	19.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,775	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	46.4%	21.1%	—	—	19.4%	—	1.08	1.02	1.53	2.66	-0.26	1.46	30.0%	70	56d	27.7%	19.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,775	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	46.4%	21.1%	—	—	19.4%	—	1.08	1.02	1.53	2.66	-0.26	1.46	30.0%	70	56d	27.7%	19.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,775	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	46.4%	21.1%	—	—	19.4%	—	1.08	1.02	1.53	2.66	-0.27	1.43	30.0%	70	56d	27.7%	19.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,775	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08_R050 equity_curve_tht_sizing_risk_050	validation_sizing	46.4%	21.1%	—	—	19.4%	—	1.08	1.02	1.53	2.66	-0.27	1.43	30.0%	70	56d	27.7%	19.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,775	13.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	41.0%	18.8%	—	—	17.5%	—	1.08	0.99	1.48	2.54	-0.12	1.37	37.3%	102	73d	30.2%	21.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,650	13.2×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	41.0%	18.8%	—	—	17.5%	—	1.08	0.99	1.48	2.54	-0.12	1.37	37.3%	102	73d	30.2%	21.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,650	13.2×
research no holdout	THT_S5_GRID_LOWER_C20_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	42.7%	19.5%	—	—	18.2%	—	1.07	1.00	1.48	2.29	0.32	3.60	28.7%	136	54d	34.4%	9.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,940	15.1×
research no holdout	THT_S5_GRID_LOWER_C20_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	42.7%	19.5%	—	—	18.2%	—	1.07	1.00	1.48	2.29	0.32	3.60	28.7%	136	54d	34.4%	9.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,940	15.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	40.4%	18.6%	—	—	17.3%	—	1.07	1.02	1.51	2.49	-0.35	1.50	25.9%	108	51d	27.7%	18.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,912	14.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	40.4%	18.6%	—	—	17.3%	—	1.07	1.02	1.51	2.49	-0.35	1.50	25.9%	108	51d	27.7%	18.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,912	14.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	40.4%	18.6%	—	—	17.3%	—	1.07	1.02	1.51	2.49	-0.35	1.50	25.9%	108	51d	27.7%	18.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,912	14.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	40.4%	18.6%	—	—	17.3%	—	1.07	1.02	1.51	2.49	-0.35	1.50	25.9%	108	51d	27.7%	18.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,912	14.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	44.6%	20.3%	—	—	19.0%	—	1.07	0.99	1.46	2.59	-0.50	0.60	31.1%	61	60d	30.1%	50.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,589	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08_R075 equity_curve_tht_sizing_risk_075	validation_sizing	44.6%	20.3%	—	—	19.0%	—	1.07	0.99	1.46	2.59	-0.50	0.60	31.1%	61	60d	30.1%	50.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,589	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	44.6%	20.3%	—	—	19.0%	—	1.07	0.99	1.46	2.59	-0.50	0.60	31.1%	61	60d	30.1%	50.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,589	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	44.6%	20.3%	—	—	19.0%	—	1.07	0.99	1.46	2.59	-0.50	0.60	31.1%	61	60d	30.1%	50.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,589	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	44.6%	20.3%	—	—	19.0%	—	1.07	0.99	1.46	2.59	-0.50	0.60	31.1%	61	60d	30.1%	50.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,589	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	44.6%	20.3%	—	—	19.0%	—	1.07	0.99	1.46	2.59	-0.50	0.60	31.1%	61	60d	30.1%	50.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,589	12.9×
research CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	12.5%	12.6%	18.1%	-5.6%	11.8%	18.8%	1.07	0.98	1.39	1.83	0.49	2.63	41.0%	78	38d	12.8%	6.0%	42,074 → 972 → 972 → 966 → 78 observed · qualified · market · attempts · fills· 175 band rejects	8.0%	10.0%	$136	8.2×
research CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	12.5%	12.6%	18.1%	-5.6%	11.8%	18.8%	1.07	0.98	1.39	1.83	0.49	2.63	41.0%	78	38d	12.8%	6.0%	42,074 → 972 → 972 → 966 → 78 observed · qualified · market · attempts · fills· 175 band rejects	8.0%	10.0%	$136	8.2×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C05 equity_curve_tht_breadth_development	development	43.1%	9.4%	13.1%	-3.7%	8.8%	33.7%	1.06	1.25	1.89	2.39	0.78	3.03	44.1%	152	37d	42.6%	9.4%	186,103 → 4,720 → 3,032 → 3,014 → 152 observed · qualified · market · attempts · fills	3.2%	7.2%	$242	13.0×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E2_C05 equity_curve_tht_breadth_development	development	43.1%	9.4%	13.1%	-3.7%	8.8%	33.7%	1.06	1.25	1.89	2.39	0.78	3.03	44.1%	152	37d	42.6%	9.4%	186,103 → 4,720 → 3,032 → 3,014 → 152 observed · qualified · market · attempts · fills	3.2%	7.2%	$242	13.0×
research no holdout	THT_DEPLOY_R100_C10 equity_curve_tht_deployment_development	development	151.2%	25.9%	13.1%	12.9%	24.6%	33.7%	1.06	1.11	1.68	1.74	0.43	2.39	42.2%	244	34d	30.1%	14.8%	186,103 → 4,720 → 3,032 → 3,014 → 244 observed · qualified · market · attempts · fills	5.2%	10.0%	$1,025	80.0×
research no holdout	THT_DEPLOY_R100_C10 equity_curve_tht_deployment_development	development	151.2%	25.9%	13.1%	12.9%	24.6%	33.7%	1.06	1.11	1.68	1.74	0.43	2.39	42.2%	244	34d	30.1%	14.8%	186,103 → 4,720 → 3,032 → 3,014 → 244 observed · qualified · market · attempts · fills	5.2%	10.0%	$1,025	80.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	38.6%	17.8%	—	—	17.3%	—	1.03	0.90	1.35	2.32	-0.11	1.41	37.1%	132	79d	31.7%	22.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,615	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	38.6%	17.8%	—	—	17.3%	—	1.03	0.90	1.35	2.32	-0.11	1.41	37.1%	132	79d	31.7%	22.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,615	12.9×
research no holdout	THT_S5_GRID_BX_C25_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	50.7%	22.8%	—	—	22.3%	—	1.03	0.85	1.27	2.75	0.63	1.33	70.0%	90	96d	21.2%	15.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,414	11.1×
research no holdout	THT_S5_GRID_BX_C25_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	50.7%	22.8%	—	—	22.3%	—	1.03	0.85	1.27	2.75	0.63	1.33	70.0%	90	96d	21.2%	15.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,414	11.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	37.3%	17.3%	—	—	17.0%	—	1.02	0.92	1.36	2.02	-0.39	1.38	25.7%	191	53d	33.9%	24.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,087	15.5×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	37.3%	17.3%	—	—	17.0%	—	1.02	0.92	1.36	2.02	-0.39	1.38	25.7%	191	53d	33.9%	24.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,087	15.5×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C10 equity_curve_tht_breadth_development	development	46.6%	10.1%	13.1%	-3.0%	9.9%	33.7%	1.02	1.07	1.53	1.81	0.46	2.40	43.0%	244	35d	28.4%	10.2%	186,103 → 4,720 → 3,032 → 3,014 → 244 observed · qualified · market · attempts · fills	5.2%	10.0%	$400	21.8×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C10 equity_curve_tht_breadth_development	development	46.6%	10.1%	13.1%	-3.0%	9.9%	33.7%	1.02	1.07	1.53	1.81	0.46	2.40	43.0%	244	35d	28.4%	10.2%	186,103 → 4,720 → 3,032 → 3,014 → 244 observed · qualified · market · attempts · fills	5.2%	10.0%	$400	21.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	38.1%	17.6%	—	—	17.3%	—	1.02	0.89	1.33	2.29	-0.12	1.36	37.1%	132	79d	31.6%	23.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	23.7%	$1,617	12.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	38.1%	17.6%	—	—	17.3%	—	1.02	0.89	1.33	2.29	-0.12	1.36	37.1%	132	79d	31.6%	23.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	23.7%	$1,617	12.9×
research no holdout · CAGR ≤ SPY	THT_RANK_BX_ONLY equity_curve_tht_ranking_validation	validation	8.5%	4.2%	25.9%	-21.7%	4.1%	10.0%	1.01	1.19	1.81	2.16	0.48	1.53	58.5%	41	42d	19.2%	12.8%	106,406 → 2,981 → 1,562 → 1,562 → 41 observed · qualified · market · attempts · fills	1.4%	10.0%	$59	3.0×
research no holdout · CAGR ≤ SPY	THT_RANK_BX_ONLY equity_curve_tht_ranking_validation	validation	8.5%	4.2%	25.9%	-21.7%	4.1%	10.0%	1.01	1.19	1.81	2.16	0.48	1.53	58.5%	41	42d	19.2%	12.8%	106,406 → 2,981 → 1,562 → 1,562 → 41 observed · qualified · market · attempts · fills	1.4%	10.0%	$59	3.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	40.0%	18.4%	—	—	18.2%	—	1.01	0.96	1.43	2.11	-0.62	0.44	26.8%	142	54d	35.1%	80.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,084	16.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	40.0%	18.4%	—	—	18.2%	—	1.01	0.96	1.43	2.11	-0.62	0.44	26.8%	142	54d	35.1%	80.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,084	16.0×
research no holdout	THT_RECYCLE_R100_D42_N1_EXIT equity_curve_tht_recycling_development	development	158.8%	26.9%	13.1%	13.8%	27.0%	33.7%	1.00	1.12	1.73	1.69	0.37	2.01	45.7%	243	31d	28.2%	132.5%	186,103 → 4,720 → 3,032 → 3,014 → 243 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,148	91.3×
research no holdout	THT_RECYCLE_R100_D42_N1_EXIT equity_curve_tht_recycling_development	development	158.8%	26.9%	13.1%	13.8%	27.0%	33.7%	1.00	1.12	1.73	1.69	0.37	2.01	45.7%	243	31d	28.2%	132.5%	186,103 → 4,720 → 3,032 → 3,014 → 243 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,148	91.3×
research no holdout	THT_RECYCLE_R100_D21_N3_EXIT equity_curve_tht_recycling_development	development	134.7%	23.8%	13.1%	10.7%	24.0%	33.7%	0.99	1.17	1.79	1.67	0.36	1.93	46.4%	261	25d	22.3%	10.2%	186,103 → 4,720 → 3,032 → 3,014 → 261 observed · qualified · market · attempts · fills	5.5%	10.0%	$1,135	88.8×
research no holdout	THT_RECYCLE_R100_D21_N3_EXIT equity_curve_tht_recycling_development	development	134.7%	23.8%	13.1%	10.7%	24.0%	33.7%	0.99	1.17	1.79	1.67	0.36	1.93	46.4%	261	25d	22.3%	10.2%	186,103 → 4,720 → 3,032 → 3,014 → 261 observed · qualified · market · attempts · fills	5.5%	10.0%	$1,135	88.8×
research CAGR ≤ SPY	THT_RISK_075_050_000 equity_curve_tht_risk_throttle_holdout_2025	holdout	17.8%	17.9%	18.1%	-0.2%	18.1%	18.8%	0.99	1.00	1.53	1.48	0.31	2.66	35.7%	112	30d	22.8%	9.4%	55,316 → 1,915 → 1,915 → 1,871 → 112 observed · qualified · market · attempts · fills	5.8%	10.0%	$223	14.2×
research CAGR ≤ SPY	THT_RISK_075_050_000 equity_curve_tht_risk_throttle_holdout_2025_v2	holdout	17.8%	17.9%	18.1%	-0.2%	18.1%	18.8%	0.99	1.00	1.53	1.48	0.31	2.66	35.7%	112	30d	22.8%	9.4%	55,316 → 1,915 → 1,915 → 1,871 → 112 observed · qualified · market · attempts · fills	5.8%	10.0%	$223	14.2×
research CAGR ≤ SPY	THT_RISK_075_050_025 equity_curve_tht_risk_throttle_holdout_2025	holdout	17.8%	17.9%	18.1%	-0.2%	18.1%	18.8%	0.99	1.00	1.53	1.48	0.31	2.66	35.7%	112	30d	22.8%	9.4%	55,316 → 1,915 → 1,915 → 1,871 → 112 observed · qualified · market · attempts · fills	5.8%	10.0%	$223	14.2×
research CAGR ≤ SPY	THT_RISK_075_050_025 equity_curve_tht_risk_throttle_holdout_2025_v2	holdout	17.8%	17.9%	18.1%	-0.2%	18.1%	18.8%	0.99	1.00	1.53	1.48	0.31	2.66	35.7%	112	30d	22.8%	9.4%	55,316 → 1,915 → 1,915 → 1,871 → 112 observed · qualified · market · attempts · fills	5.8%	10.0%	$223	14.2×
research no holdout	THT_RECYCLE_R100_D42_N1_NEG equity_curve_tht_recycling_development	development	158.1%	26.8%	13.1%	13.7%	27.2%	33.7%	0.99	1.12	1.72	1.69	0.38	2.03	45.5%	242	31d	28.4%	133.8%	186,103 → 4,720 → 3,032 → 3,014 → 242 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,138	90.4×
research no holdout	THT_RECYCLE_R100_D42_N1_NEG equity_curve_tht_recycling_development	development	158.1%	26.8%	13.1%	13.7%	27.2%	33.7%	0.99	1.12	1.72	1.69	0.38	2.03	45.5%	242	31d	28.4%	133.8%	186,103 → 4,720 → 3,032 → 3,014 → 242 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,138	90.4×
research no holdout	THT_RECYCLE_R100_D42_N1_TRIM25 equity_curve_tht_recycling_development	development	157.9%	26.8%	13.1%	13.7%	27.2%	33.7%	0.98	1.12	1.72	1.69	0.37	2.01	45.7%	243	31d	28.2%	132.8%	186,103 → 4,720 → 3,032 → 3,014 → 243 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,140	90.6×
research no holdout	THT_RECYCLE_R100_D42_N1_TRIM25 equity_curve_tht_recycling_development	development	157.9%	26.8%	13.1%	13.7%	27.2%	33.7%	0.98	1.12	1.72	1.69	0.37	2.01	45.7%	243	31d	28.2%	132.8%	186,103 → 4,720 → 3,032 → 3,014 → 243 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,140	90.6×
research no holdout	THT_RECYCLE_R100_D42_N2_EXIT equity_curve_tht_recycling_development	development	164.2%	27.6%	13.1%	14.5%	28.0%	33.7%	0.98	1.16	1.79	1.77	0.40	1.93	47.8%	251	29d	25.7%	9.9%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,152	91.0×
research no holdout	THT_RECYCLE_R100_D42_N2_EXIT equity_curve_tht_recycling_development	development	164.2%	27.6%	13.1%	14.5%	28.0%	33.7%	0.98	1.16	1.79	1.77	0.40	1.93	47.8%	251	29d	25.7%	9.9%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,152	91.0×
research no holdout	THT_RECYCLE_R100_NONE equity_curve_tht_recycling_development	development	158.8%	26.9%	13.1%	13.8%	27.4%	33.7%	0.98	1.09	1.66	1.74	0.43	2.35	42.5%	235	34d	30.8%	25.8%	186,103 → 4,720 → 3,032 → 3,014 → 235 observed · qualified · market · attempts · fills	5.0%	10.0%	$1,070	84.8×
research no holdout	THT_RECYCLE_R100_NONE equity_curve_tht_recycling_development	development	158.8%	26.9%	13.1%	13.8%	27.4%	33.7%	0.98	1.09	1.66	1.74	0.43	2.35	42.5%	235	34d	30.8%	25.8%	186,103 → 4,720 → 3,032 → 3,014 → 235 observed · qualified · market · attempts · fills	5.0%	10.0%	$1,070	84.8×
research no holdout	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_recycling_development	development	156.4%	26.6%	13.1%	13.5%	27.2%	33.7%	0.98	1.11	1.69	1.75	0.41	2.16	44.8%	239	32d	28.2%	120.7%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,086	85.6×
research no holdout	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_recycling_development	development	156.4%	26.6%	13.1%	13.5%	27.2%	33.7%	0.98	1.11	1.69	1.75	0.41	2.16	44.8%	239	32d	28.2%	120.7%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,086	85.6×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C10 equity_curve_tht_breadth_validation	validation	14.3%	6.9%	25.9%	-19.0%	7.1%	10.0%	0.98	1.07	1.63	2.35	0.74	2.83	45.3%	75	45d	23.3%	9.5%	106,406 → 2,981 → 1,562 → 1,562 → 75 observed · qualified · market · attempts · fills	2.5%	9.7%	$105	5.1×
research no holdout · CAGR ≤ SPY	THT_BREADTH_E3_C10 equity_curve_tht_breadth_validation	validation	14.3%	6.9%	25.9%	-19.0%	7.1%	10.0%	0.98	1.07	1.63	2.35	0.74	2.83	45.3%	75	45d	23.3%	9.5%	106,406 → 2,981 → 1,562 → 1,562 → 75 observed · qualified · market · attempts · fills	2.5%	9.7%	$105	5.1×
research no holdout	THT_RISK_075_025_000 equity_curve_tht_risk_throttle_presample	presample	206.3%	13.3%	-5.3%	18.5%	13.6%	19.3%	0.97	1.03	1.51	1.71	0.39	2.09	45.0%	838	38d	15.6%	8.2%	315,869 → 6,119 → 6,001 → 5,995 → 838 observed · qualified · market · attempts · fills	13.7%	10.0%	$2,328	153.2×
research no holdout	THT_RISK_075_025_000 equity_curve_tht_risk_throttle_presample_v2	presample	206.3%	13.3%	-5.3%	18.5%	13.6%	19.3%	0.97	1.03	1.51	1.71	0.39	2.09	45.0%	838	38d	15.6%	8.2%	315,869 → 6,119 → 6,001 → 5,995 → 838 observed · qualified · market · attempts · fills	13.7%	10.0%	$2,328	153.2×
research no holdout	THT_S5_GRID_LOWER_C10_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	32.6%	15.2%	—	—	15.7%	—	0.97	0.87	1.30	2.09	0.82	3.34	41.8%	153	95d	35.1%	10.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,823	13.8×
research no holdout	THT_S5_GRID_LOWER_C10_H08 equity_curve_tht_sizing_fixed_075	validation_sizing	32.6%	15.2%	—	—	15.7%	—	0.97	0.87	1.30	2.09	0.82	3.34	41.8%	153	95d	35.1%	10.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,823	13.8×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_LOWER_ONLY equity_curve_tht_stage5_validation	validation	36.0%	16.7%	25.9%	-9.2%	17.2%	10.0%	0.97	0.89	1.32	0.40	-0.41	0.83	32.3%	167	66d	35.2%	42.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,888	14.0×
research E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_LOWER_ONLY equity_curve_tht_stage5_validation	validation	36.0%	16.7%	25.9%	-9.2%	17.2%	10.0%	0.97	0.89	1.32	2.01	-0.41	0.83	32.3%	167	66d	35.2%	42.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,888	14.0×
research no holdout · CAGR ≤ SPY	THT_ADD_PROFITABLE_BX equity_curve_tht_add_development	development	41.1%	9.0%	13.1%	-4.1%	9.3%	33.7%	0.97	0.96	1.40	1.78	0.41	1.98	47.3%	262	36d	24.6%	9.2%	186,103 → 1,693 → 1,023 → 1,009 → 262 observed · qualified · market · attempts · fills	15.5%	10.0%	$413	22.6×
research no holdout · CAGR ≤ SPY	THT_ADD_PROFITABLE_BX equity_curve_tht_add_development	development	41.1%	9.0%	13.1%	-4.1%	9.3%	33.7%	0.97	0.96	1.40	1.78	0.41	1.98	47.3%	262	36d	24.6%	9.2%	186,103 → 1,693 → 1,023 → 1,009 → 262 observed · qualified · market · attempts · fills	15.5%	10.0%	$413	22.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	35.5%	16.4%	—	—	17.3%	—	0.95	0.90	1.32	2.06	-0.63	0.50	24.8%	125	52d	26.8%	53.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,997	15.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	35.5%	16.4%	—	—	17.3%	—	0.95	0.90	1.32	2.06	-0.63	0.50	24.8%	125	52d	26.8%	53.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,997	15.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	35.3%	16.4%	—	—	17.3%	—	0.95	0.91	1.34	2.04	-0.39	1.27	27.1%	188	55d	32.9%	26.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	22.6%	$1,957	14.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C25_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	35.3%	16.4%	—	—	17.3%	—	0.95	0.91	1.34	2.04	-0.39	1.27	27.1%	188	55d	32.9%	26.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	22.6%	$1,957	14.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	34.8%	16.2%	—	—	17.1%	—	0.95	0.89	1.31	2.06	-0.51	0.75	27.8%	126	54d	25.3%	33.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,044	15.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C15_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	34.8%	16.2%	—	—	17.1%	—	0.95	0.89	1.31	2.06	-0.51	0.75	27.8%	126	54d	25.3%	33.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,044	15.6×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R100_C20 equity_curve_tht_deployment_validation	validation	34.4%	16.0%	25.9%	-9.9%	17.0%	10.0%	0.94	1.07	1.67	2.11	0.55	2.03	51.0%	51	44d	24.6%	17.7%	106,406 → 2,981 → 1,562 → 1,562 → 51 observed · qualified · market · attempts · fills	1.7%	20.0%	$154	11.6×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R100_C20 equity_curve_tht_deployment_validation	validation	34.4%	16.0%	25.9%	-9.9%	17.0%	10.0%	0.94	1.07	1.67	2.11	0.55	2.03	51.0%	51	44d	24.6%	17.7%	106,406 → 2,981 → 1,562 → 1,562 → 51 observed · qualified · market · attempts · fills	1.7%	20.0%	$154	11.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	31.3%	14.6%	—	—	16.0%	—	0.92	0.81	1.21	1.90	-0.55	0.65	27.0%	137	52d	33.2%	51.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,157	16.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R100 equity_curve_tht_sizing_risk_100	validation_sizing	31.3%	14.6%	—	—	16.0%	—	0.92	0.81	1.21	1.90	-0.55	0.65	27.0%	137	52d	33.2%	51.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,157	16.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	31.3%	14.6%	—	—	16.0%	—	0.92	0.81	1.21	1.90	-0.56	0.65	27.0%	137	52d	33.2%	51.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,157	16.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R100 equity_curve_tht_sizing_risk_100	validation_sizing	31.3%	14.6%	—	—	16.0%	—	0.92	0.81	1.21	1.90	-0.56	0.65	27.0%	137	52d	33.2%	51.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,157	16.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	33.9%	15.8%	—	—	17.3%	—	0.91	0.88	1.29	2.00	-0.22	1.99	26.2%	187	56d	33.9%	17.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,961	14.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C20_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	33.9%	15.8%	—	—	17.3%	—	0.91	0.88	1.29	2.00	-0.22	1.99	26.2%	187	56d	33.9%	17.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,961	14.9×
research no holdout	THT_S5_GRID_LOWER_C15_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	34.4%	16.0%	—	—	17.7%	—	0.91	0.86	1.28	2.10	0.06	1.82	37.5%	136	82d	33.6%	18.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,643	13.1×
research no holdout	THT_S5_GRID_LOWER_C15_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	34.4%	16.0%	—	—	17.7%	—	0.91	0.86	1.28	2.10	0.06	1.82	37.5%	136	82d	33.6%	18.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,643	13.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	36.1%	16.7%	—	—	18.5%	—	0.90	0.90	1.34	1.99	-0.36	1.48	26.0%	169	52d	34.4%	23.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,201	16.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	36.1%	16.7%	—	—	18.5%	—	0.90	0.90	1.34	1.99	-0.36	1.48	26.0%	169	52d	34.4%	23.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,201	16.0×
research no holdout	THT_RECYCLE_R100_D21_N1_NEG equity_curve_tht_recycling_development	development	143.8%	25.0%	13.1%	11.9%	27.8%	33.7%	0.90	1.08	1.66	1.78	0.41	1.97	47.4%	251	30d	24.6%	17.7%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,044	80.8×
research no holdout	THT_RECYCLE_R100_D21_N1_NEG equity_curve_tht_recycling_development	development	143.8%	25.0%	13.1%	11.9%	27.8%	33.7%	0.90	1.08	1.66	1.78	0.41	1.97	47.4%	251	30d	24.6%	17.7%	186,103 → 4,720 → 3,032 → 3,014 → 251 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,044	80.8×
research no holdout	THT_RECYCLE_R100_D21_N2_NEG equity_curve_tht_recycling_development	development	138.1%	24.3%	13.1%	11.2%	27.0%	33.7%	0.90	1.06	1.64	1.72	0.39	2.01	46.0%	252	28d	23.9%	10.5%	186,103 → 4,720 → 3,032 → 3,014 → 252 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,073	83.5×
research no holdout	THT_RECYCLE_R100_D21_N2_NEG equity_curve_tht_recycling_development	development	138.1%	24.3%	13.1%	11.2%	27.0%	33.7%	0.90	1.06	1.64	1.72	0.39	2.01	46.0%	252	28d	23.9%	10.5%	186,103 → 4,720 → 3,032 → 3,014 → 252 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,073	83.5×
research no holdout	THT_RECYCLE_R100_D42_N3_TRIM25 equity_curve_tht_recycling_development	development	145.6%	25.2%	13.1%	12.2%	28.2%	33.7%	0.90	1.11	1.71	1.71	0.38	1.97	46.5%	254	29d	25.1%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,125	88.0×
research no holdout	THT_RECYCLE_R100_D42_N3_TRIM25 equity_curve_tht_recycling_development	development	145.6%	25.2%	13.1%	12.2%	28.2%	33.7%	0.90	1.11	1.71	1.71	0.38	1.97	46.5%	254	29d	25.1%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,125	88.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	30.4%	14.3%	—	—	16.1%	—	0.89	0.79	1.19	1.87	-0.50	0.88	26.8%	138	52d	33.1%	37.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,149	15.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R075 equity_curve_tht_sizing_risk_075	validation_sizing	30.4%	14.3%	—	—	16.1%	—	0.89	0.79	1.19	1.87	-0.50	0.88	26.8%	138	52d	33.1%	37.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,149	15.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	30.4%	14.3%	—	—	16.1%	—	0.89	0.79	1.19	1.87	-0.50	0.88	26.8%	138	52d	33.1%	37.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,149	15.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R075 equity_curve_tht_sizing_risk_075	validation_sizing	30.4%	14.3%	—	—	16.1%	—	0.89	0.79	1.19	1.87	-0.50	0.88	26.8%	138	52d	33.1%	37.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,149	15.9×
research no holdout	THT_RECYCLE_R100_D63_N2_NEG equity_curve_tht_recycling_development	development	139.2%	24.4%	13.1%	11.3%	27.6%	33.7%	0.88	1.04	1.58	1.70	0.39	2.18	43.8%	240	31d	27.2%	9.7%	186,103 → 4,720 → 3,032 → 3,014 → 240 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,047	81.9×
research no holdout	THT_RECYCLE_R100_D63_N2_NEG equity_curve_tht_recycling_development	development	139.2%	24.4%	13.1%	11.3%	27.6%	33.7%	0.88	1.04	1.58	1.70	0.39	2.18	43.8%	240	31d	27.2%	9.7%	186,103 → 4,720 → 3,032 → 3,014 → 240 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,047	81.9×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	36.3%	16.8%	—	—	19.0%	—	0.88	0.91	1.34	1.97	-0.47	1.01	26.2%	168	54d	36.0%	35.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,291	16.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	36.3%	16.8%	—	—	19.0%	—	0.88	0.91	1.34	1.97	-0.47	1.01	26.2%	168	54d	36.0%	35.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,291	16.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	31.6%	14.8%	—	—	16.7%	—	0.88	0.82	1.22	1.88	-0.45	1.10	26.2%	141	49d	32.3%	29.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,173	16.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R050 equity_curve_tht_sizing_risk_050	validation_sizing	31.6%	14.8%	—	—	16.7%	—	0.88	0.82	1.22	1.88	-0.45	1.10	26.2%	141	49d	32.3%	29.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,173	16.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	31.6%	14.8%	—	—	16.7%	—	0.88	0.82	1.22	1.88	-0.45	1.09	26.2%	141	48d	32.3%	29.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,173	16.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R050 equity_curve_tht_sizing_risk_050	validation_sizing	31.6%	14.8%	—	—	16.7%	—	0.88	0.82	1.22	1.88	-0.45	1.09	26.2%	141	48d	32.3%	29.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,173	16.1×
research no holdout	THT_RECYCLE_R100_D21_N1_TRIM25 equity_curve_tht_recycling_development	development	143.7%	25.0%	13.1%	11.9%	28.7%	33.7%	0.87	1.08	1.66	1.75	0.39	1.90	48.0%	250	30d	24.8%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 250 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,053	81.6×
research no holdout	THT_RECYCLE_R100_D21_N1_TRIM25 equity_curve_tht_recycling_development	development	143.7%	25.0%	13.1%	11.9%	28.7%	33.7%	0.87	1.08	1.66	1.75	0.39	1.90	48.0%	250	30d	24.8%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 250 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,053	81.6×
research no holdout	THT_RECYCLE_R100_D21_N3_NEG equity_curve_tht_recycling_development	development	134.6%	23.8%	13.1%	10.7%	27.4%	33.7%	0.87	1.05	1.62	1.71	0.39	2.06	45.3%	254	27d	24.0%	10.3%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,068	83.0×
research no holdout	THT_RECYCLE_R100_D21_N3_NEG equity_curve_tht_recycling_development	development	134.6%	23.8%	13.1%	10.7%	27.4%	33.7%	0.87	1.05	1.62	1.71	0.39	2.06	45.3%	254	27d	24.0%	10.3%	186,103 → 4,720 → 3,032 → 3,014 → 254 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,068	83.0×
research no holdout	THT_RECYCLE_R075_NONE equity_curve_tht_wide_full	full	1427.9%	18.6%	14.1%	4.5%	21.6%	33.7%	0.86	1.06	1.60	2.16	0.65	2.78	43.7%	806	40d	27.6%	10.1%	661,868 → 15,711 → 9,774 → 9,774 → 806 observed · qualified · market · attempts · fills	5.1%	10.0%	$5,992	482.6×
research no holdout	THT_RECYCLE_R100_D42_N3_NEG equity_curve_tht_recycling_development	development	145.8%	25.3%	13.1%	12.2%	29.6%	33.7%	0.85	1.08	1.67	1.71	0.39	2.04	45.6%	250	29d	26.2%	9.8%	186,103 → 4,720 → 3,032 → 3,014 → 250 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,105	86.8×
research no holdout	THT_RECYCLE_R100_D42_N3_NEG equity_curve_tht_recycling_development	development	145.8%	25.3%	13.1%	12.2%	29.6%	33.7%	0.85	1.08	1.67	1.71	0.39	2.04	45.6%	250	29d	26.2%	9.8%	186,103 → 4,720 → 3,032 → 3,014 → 250 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,105	86.8×
research no holdout	THT_RECYCLE_R100_D63_N3_NEG equity_curve_tht_recycling_development	development	136.8%	24.1%	13.1%	11.0%	28.3%	33.7%	0.85	1.03	1.57	1.69	0.39	2.19	43.5%	239	30d	27.2%	9.7%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,042	81.5×
research no holdout	THT_RECYCLE_R100_D63_N3_NEG equity_curve_tht_recycling_development	development	136.8%	24.1%	13.1%	11.0%	28.3%	33.7%	0.85	1.03	1.57	1.69	0.39	2.19	43.5%	239	30d	27.2%	9.7%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,042	81.5×
research no holdout	THT_RECYCLE_R100_D63_N3_TRIM25 equity_curve_tht_recycling_development	development	139.1%	24.4%	13.1%	11.3%	28.7%	33.7%	0.85	1.04	1.59	1.69	0.38	2.09	44.8%	241	30d	26.4%	10.0%	186,103 → 4,720 → 3,032 → 3,014 → 241 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,058	82.6×
research no holdout	THT_RECYCLE_R100_D63_N3_TRIM25 equity_curve_tht_recycling_development	development	139.1%	24.4%	13.1%	11.3%	28.7%	33.7%	0.85	1.04	1.59	1.69	0.38	2.09	44.8%	241	30d	26.4%	10.0%	186,103 → 4,720 → 3,032 → 3,014 → 241 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,058	82.6×
research no holdout	THT_RECYCLE_R100_D21_N3_TRIM25 equity_curve_tht_recycling_development	development	143.1%	24.9%	13.1%	11.8%	29.3%	33.7%	0.85	1.08	1.69	1.73	0.39	1.99	46.5%	256	28d	24.5%	11.0%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,113	86.0×
research no holdout	THT_RECYCLE_R100_D21_N3_TRIM25 equity_curve_tht_recycling_development	development	143.1%	24.9%	13.1%	11.8%	29.3%	33.7%	0.85	1.08	1.69	1.73	0.39	1.99	46.5%	256	28d	24.5%	11.0%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,113	86.0×
research no holdout	THT_RECYCLE_R100_D63_N3_EXIT equity_curve_tht_recycling_development	development	145.0%	25.2%	13.1%	12.1%	29.8%	33.7%	0.84	1.09	1.69	1.70	0.38	2.06	45.2%	239	29d	26.5%	13.1%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,092	86.2×
research no holdout	THT_RECYCLE_R100_D63_N3_EXIT equity_curve_tht_recycling_development	development	145.0%	25.2%	13.1%	12.1%	29.8%	33.7%	0.84	1.09	1.69	1.70	0.38	2.06	45.2%	239	29d	26.5%	13.1%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,092	86.2×
research no holdout	THT_RECYCLE_R100_D63_N2_EXIT equity_curve_tht_recycling_development	development	138.7%	24.3%	13.1%	11.3%	28.9%	33.7%	0.84	1.03	1.58	1.68	0.38	2.08	44.8%	239	30d	26.6%	10.5%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,065	83.7×
research no holdout	THT_RECYCLE_R100_D63_N2_EXIT equity_curve_tht_recycling_development	development	138.7%	24.3%	13.1%	11.3%	28.9%	33.7%	0.84	1.03	1.58	1.68	0.38	2.08	44.8%	239	30d	26.6%	10.5%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,065	83.7×
research no holdout	THT_RISK_075_025_000 equity_curve_tht_risk_throttle_full	full	1236.1%	17.6%	14.1%	3.5%	21.1%	33.7%	0.84	1.11	1.75	1.90	0.50	2.35	44.7%	1,518	38d	21.4%	8.8%	661,868 → 15,711 → 15,553 → 15,509 → 1,518 observed · qualified · market · attempts · fills	9.7%	10.0%	$7,690	605.6×
research no holdout	THT_RISK_075_025_000 equity_curve_tht_risk_throttle_full_v2	full	1236.1%	17.6%	14.1%	3.5%	21.1%	33.7%	0.84	1.11	1.75	1.90	0.50	2.35	44.7%	1,518	38d	21.4%	8.8%	661,868 → 15,711 → 15,553 → 15,509 → 1,518 observed · qualified · market · attempts · fills	9.7%	10.0%	$7,690	605.6×
research no holdout	THT_RECYCLE_R100_D21_N1_EXIT equity_curve_tht_recycling_development	development	138.4%	24.3%	13.1%	11.2%	29.1%	33.7%	0.83	1.05	1.61	1.74	0.39	1.93	47.4%	249	30d	24.6%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 249 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,042	80.8×
research no holdout	THT_RECYCLE_R100_D21_N1_EXIT equity_curve_tht_recycling_development	development	138.4%	24.3%	13.1%	11.2%	29.1%	33.7%	0.83	1.05	1.61	1.74	0.39	1.93	47.4%	249	30d	24.6%	10.9%	186,103 → 4,720 → 3,032 → 3,014 → 249 observed · qualified · market · attempts · fills	5.3%	10.0%	$1,042	80.8×
research no holdout	THT_RECYCLE_R100_D63_N2_TRIM25 equity_curve_tht_recycling_development	development	136.4%	24.1%	13.1%	11.0%	29.3%	33.7%	0.82	1.03	1.57	1.68	0.38	2.11	44.2%	242	31d	26.5%	9.7%	186,103 → 4,720 → 3,032 → 3,014 → 242 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,063	83.2×
research no holdout	THT_RECYCLE_R100_D63_N2_TRIM25 equity_curve_tht_recycling_development	development	136.4%	24.1%	13.1%	11.0%	29.3%	33.7%	0.82	1.03	1.57	1.68	0.38	2.11	44.2%	242	31d	26.5%	9.7%	186,103 → 4,720 → 3,032 → 3,014 → 242 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,063	83.2×
research no holdout	THT_S5_GRID_LOWER_C25_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	35.2%	16.3%	—	—	20.2%	—	0.81	0.91	1.36	2.27	0.61	3.15	38.8%	183	89d	35.2%	11.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.7%	$1,316	10.4×
research no holdout	THT_S5_GRID_LOWER_C25_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	35.2%	16.3%	—	—	20.2%	—	0.81	0.91	1.36	2.27	0.61	3.15	38.8%	183	89d	35.2%	11.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.7%	$1,316	10.4×
research no holdout	THT_S5_GRID_LOWER_C20_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	34.8%	16.2%	—	—	20.1%	—	0.81	0.90	1.35	2.26	0.97	4.08	38.8%	183	89d	35.3%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,320	10.4×
research no holdout	THT_S5_GRID_LOWER_C20_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	34.8%	16.2%	—	—	20.1%	—	0.81	0.90	1.35	2.26	0.97	4.08	38.8%	183	89d	35.3%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,320	10.4×
research no holdout	THT_RECYCLE_R100_D21_N2_EXIT equity_curve_tht_recycling_development	development	130.7%	23.3%	13.1%	10.2%	29.1%	33.7%	0.80	1.05	1.60	1.66	0.36	1.95	46.1%	256	26d	23.3%	10.6%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,091	85.2×
research no holdout	THT_RECYCLE_R100_D21_N2_EXIT equity_curve_tht_recycling_development	development	130.7%	23.3%	13.1%	10.2%	29.1%	33.7%	0.80	1.05	1.60	1.66	0.36	1.95	46.1%	256	26d	23.3%	10.6%	186,103 → 4,720 → 3,032 → 3,014 → 256 observed · qualified · market · attempts · fills	5.4%	10.0%	$1,091	85.2×
research no holdout	THT_S5_GRID_LOWER_C10_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	30.6%	14.3%	—	—	18.0%	—	0.80	0.80	1.17	1.76	0.07	2.88	27.7%	195	55d	34.2%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,176	15.7×
research no holdout	THT_S5_GRID_LOWER_C10_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	30.6%	14.3%	—	—	18.0%	—	0.80	0.80	1.17	1.76	0.07	2.88	27.7%	195	55d	34.2%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,176	15.7×
research CAGR ≤ SPY	THT_RISK_075_025_000 equity_curve_tht_risk_throttle_holdout_2025	holdout	9.2%	9.2%	18.1%	-8.9%	11.6%	18.8%	0.80	0.75	1.15	1.37	0.24	2.43	36.0%	111	30d	22.6%	9.3%	55,316 → 1,915 → 1,915 → 1,871 → 111 observed · qualified · market · attempts · fills	5.8%	10.0%	$172	9.3×
research CAGR ≤ SPY	THT_RISK_075_025_000 equity_curve_tht_risk_throttle_holdout_2025_v2	holdout	9.2%	9.2%	18.1%	-8.9%	11.6%	18.8%	0.80	0.75	1.15	1.37	0.24	2.43	36.0%	111	30d	22.6%	9.3%	55,316 → 1,915 → 1,915 → 1,871 → 111 observed · qualified · market · attempts · fills	5.8%	10.0%	$172	9.3×
research no holdout	THT_RECYCLE_R100_D21_N2_TRIM25 equity_curve_tht_recycling_development	development	132.6%	23.5%	13.1%	10.5%	29.8%	33.7%	0.79	1.03	1.59	1.69	0.36	1.86	47.7%	258	30d	23.7%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 258 observed · qualified · market · attempts · fills	5.5%	10.0%	$1,069	82.3×
research no holdout	THT_RECYCLE_R100_D21_N2_TRIM25 equity_curve_tht_recycling_development	development	132.6%	23.5%	13.1%	10.5%	29.8%	33.7%	0.79	1.03	1.59	1.69	0.36	1.86	47.7%	258	30d	23.7%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 258 observed · qualified · market · attempts · fills	5.5%	10.0%	$1,069	82.3×
research no holdout	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_full	full	1523.3%	19.0%	14.1%	4.9%	24.1%	33.7%	0.79	1.04	1.66	2.98	1.06	3.41	46.6%	862	35d	26.4%	9.1%	661,868 → 15,711 → 9,774 → 9,774 → 862 observed · qualified · market · attempts · fills	5.5%	10.0%	$4,802	366.4×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E1 tht_revised_stage_e_dev_2016_2022	development_2016_2022_risk_sized	161.0%	14.7%	9.2%	5.5%	18.9%	33.7%	0.78	0.98	1.49	1.90	0.45	1.95	49.4%	383	66d	27.9%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 383 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,230	78.9×
research no holdout	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_full	full	1729.2%	19.9%	14.1%	5.8%	25.7%	33.7%	0.78	1.08	1.71	2.31	0.72	2.85	44.8%	831	38d	29.1%	10.4%	661,868 → 15,711 → 9,774 → 9,774 → 831 observed · qualified · market · attempts · fills	5.3%	10.0%	$6,336	503.3×
research no holdout	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_full	full	1729.2%	19.9%	14.1%	5.8%	25.7%	33.7%	0.78	1.08	1.71	2.31	0.72	2.85	44.8%	831	38d	29.1%	10.4%	661,868 → 15,711 → 9,774 → 9,774 → 831 observed · qualified · market · attempts · fills	5.3%	10.0%	$6,336	503.3×
research no holdout	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_wide_full	full	1729.2%	19.9%	14.1%	5.8%	25.7%	33.7%	0.78	1.08	1.71	2.31	0.72	2.85	44.8%	831	38d	29.1%	10.4%	661,868 → 15,711 → 9,774 → 9,774 → 831 observed · qualified · market · attempts · fills	5.3%	10.0%	$6,336	503.3×
research no holdout	THT_RISK_CONTROL_BX_R075 equity_curve_tht_risk_throttle_full	full	1729.2%	19.9%	14.1%	5.8%	25.7%	33.7%	0.78	1.08	1.71	2.31	0.72	2.85	44.8%	831	38d	29.1%	10.4%	661,868 → 15,711 → 9,774 → 9,774 → 831 observed · qualified · market · attempts · fills	5.3%	10.0%	$6,336	503.3×
research no holdout	THT_RISK_CONTROL_BX_R075 equity_curve_tht_risk_throttle_full_v2	full	1729.2%	19.9%	14.1%	5.8%	25.7%	33.7%	0.78	1.08	1.71	2.31	0.72	2.85	44.8%	831	38d	29.1%	10.4%	661,868 → 15,711 → 9,774 → 9,774 → 831 observed · qualified · market · attempts · fills	5.3%	10.0%	$6,336	503.3×
research no holdout	THT_S5_GRID_LOWER_C10_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	27.2%	12.8%	—	—	16.6%	—	0.77	0.79	1.17	1.92	0.98	3.52	43.8%	162	95d	32.9%	9.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,614	12.4×
research no holdout	THT_S5_GRID_LOWER_C10_H08 equity_curve_tht_sizing_fixed_050	validation_sizing	27.2%	12.8%	—	—	16.6%	—	0.77	0.79	1.17	1.92	0.98	3.52	43.8%	162	95d	32.9%	9.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,614	12.4×
research no holdout	THT_RISK_BX_075_025_000 equity_curve_tht_risk_throttle_full_v2	full	1801.0%	20.2%	14.1%	6.1%	26.3%	33.7%	0.77	1.07	1.65	1.95	0.52	2.40	44.8%	1,462	38d	21.9%	8.9%	661,868 → 15,711 → 15,553 → 15,509 → 1,462 observed · qualified · market · attempts · fills	9.3%	10.0%	$9,770	794.5×
research DD > 30% · no holdout	THT_RECYCLE_R100_D63_N1_NEG equity_curve_tht_recycling_development	development	134.7%	23.8%	13.1%	10.7%	31.1%	33.7%	0.77	1.01	1.54	1.66	0.37	2.08	44.4%	239	32d	27.8%	120.3%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,054	82.7×
research DD > 30% · no holdout	THT_RECYCLE_R100_D63_N1_NEG equity_curve_tht_recycling_development	development	134.7%	23.8%	13.1%	10.7%	31.1%	33.7%	0.77	1.01	1.54	1.66	0.37	2.08	44.4%	239	32d	27.8%	120.3%	186,103 → 4,720 → 3,032 → 3,014 → 239 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,054	82.7×
research DD > 30% · no holdout	THT_RECYCLE_R100_D63_N1_TRIM25 equity_curve_tht_recycling_development	development	134.4%	23.8%	13.1%	10.7%	31.2%	33.7%	0.76	1.01	1.54	1.66	0.36	2.06	44.6%	240	32d	27.5%	119.8%	186,103 → 4,720 → 3,032 → 3,014 → 240 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,059	83.1×
research DD > 30% · no holdout	THT_RECYCLE_R100_D63_N1_TRIM25 equity_curve_tht_recycling_development	development	134.4%	23.8%	13.1%	10.7%	31.2%	33.7%	0.76	1.01	1.54	1.66	0.36	2.06	44.6%	240	32d	27.5%	119.8%	186,103 → 4,720 → 3,032 → 3,014 → 240 observed · qualified · market · attempts · fills	5.1%	10.0%	$1,059	83.1×
research no holdout · CAGR ≤ SPY	THT_RISK_025 equity_curve_tht_confirmed_risk_validation	validation	3.6%	1.8%	25.9%	-24.1%	2.4%	10.0%	0.75	0.70	1.01	1.89	0.48	2.18	46.4%	28	31d	16.6%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	7.1%	$247	2.0×
research no holdout · CAGR ≤ SPY	THT_RR_NONE equity_curve_tht_confirmed_rr_validation	validation	3.6%	1.8%	25.9%	-24.1%	2.4%	10.0%	0.75	0.70	1.01	1.89	0.48	2.18	46.4%	28	31d	16.6%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	7.1%	$247	2.0×
research no holdout · CAGR ≤ SPY	THT_RR_NONE equity_curve_tht_funnel_validation	validation	3.6%	1.8%	25.9%	-24.1%	2.4%	10.0%	0.75	0.70	1.01	1.89	0.48	2.18	46.4%	28	31d	16.6%	7.7%	106,406 → 7,750 → 4,058 → 43 → 28 observed · qualified · market · attempts · fills	0.4%	7.1%	$247	2.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C10 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	133.4%	12.9%	—	—	17.5%	—	0.74	0.92	1.39	1.89	0.44	1.82	51.0%	349	67d	27.0%	9.8%	302,663 → 9,234 → 9,172 → 9,144 → 349 observed · qualified · market · attempts · fills· 204 band rejects	3.8%	10.0%	$1,044	63.8×
research no holdout	THT_S5_GRID_LOWER_C15_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	29.9%	14.0%	—	—	19.0%	—	0.74	0.83	1.25	2.10	1.00	3.92	40.7%	194	89d	35.0%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,354	10.6×
research no holdout	THT_S5_GRID_LOWER_C15_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	29.9%	14.0%	—	—	19.0%	—	0.74	0.83	1.25	2.10	1.00	3.92	40.7%	194	89d	35.0%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,354	10.6×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_HALF equity_curve_tht_entry_semantics_validation	validation	5.1%	2.5%	25.9%	-23.3%	3.5%	10.0%	0.74	0.90	1.34	1.71	0.31	1.32	56.4%	39	36d	15.4%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 39 observed · qualified · market · attempts · fills	1.3%	7.2%	$56	2.9×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_HALF equity_curve_tht_entry_semantics_validation	validation	5.1%	2.5%	25.9%	-23.3%	3.5%	10.0%	0.74	0.90	1.34	1.71	0.31	1.32	56.4%	39	36d	15.4%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 39 observed · qualified · market · attempts · fills	1.3%	7.2%	$56	2.9×
research no holdout · CAGR ≤ SPY	THT_RANK_CURRENT equity_curve_tht_ranking_validation	validation	5.1%	2.5%	25.9%	-23.3%	3.5%	10.0%	0.74	0.90	1.34	1.71	0.31	1.32	56.4%	39	36d	15.4%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 39 observed · qualified · market · attempts · fills	1.3%	7.2%	$56	2.9×
research no holdout · CAGR ≤ SPY	THT_RANK_CURRENT equity_curve_tht_ranking_validation	validation	5.1%	2.5%	25.9%	-23.3%	3.5%	10.0%	0.74	0.90	1.34	1.71	0.31	1.32	56.4%	39	36d	15.4%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 39 observed · qualified · market · attempts · fills	1.3%	7.2%	$56	2.9×
research CAGR ≤ SPY	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_wide_holdout_2025	holdout	15.8%	15.9%	18.1%	-2.2%	21.7%	18.8%	0.73	0.76	1.20	1.62	0.32	1.69	49.0%	49	32d	35.3%	23.1%	55,316 → 1,915 → 954 → 954 → 49 observed · qualified · market · attempts · fills	2.6%	10.0%	$103	6.6×
research no holdout · CAGR ≤ SPY	THT_RR_BREAKEVEN equity_curve_tht_confirmed_rr_validation	validation	2.8%	1.4%	25.9%	-24.5%	1.9%	10.0%	0.73	0.74	1.06	1.90	0.45	1.90	50.0%	28	30d	11.7%	6.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	5.4%	$254	2.0×
research no holdout · CAGR ≤ SPY	THT_CF_CONFIRMED equity_curve_tht_confirmed_lower_validation	validation	5.1%	2.5%	25.9%	-23.4%	3.5%	10.0%	0.73	0.65	0.93	1.86	0.46	2.15	46.4%	28	31d	16.6%	7.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$350	2.9×
research no holdout · CAGR ≤ SPY	THT_CF_FAILED_RECLAIM equity_curve_tht_confirmed_lower_validation	validation	5.1%	2.5%	25.9%	-23.4%	3.5%	10.0%	0.73	0.65	0.93	1.86	0.46	2.15	46.4%	28	31d	16.6%	7.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$350	2.9×
research no holdout	THT_REV_X3_G1_K4 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_Q0 tht_revised_stage_q_dev_2016_2022	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1 tht_revised_stage_t_dev_2016_2022	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E0 tht_revised_stage_e_dev_2016_2022	development_2016_2022_risk_sized	142.0%	13.5%	9.2%	4.3%	18.6%	33.7%	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_REV_X3_G1_K4_U3_D3 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	142.0%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.85	49.7%	382	66d	26.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,188	75.0×
research no holdout	THT_PRES_ORIGIN_U0_HARD tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	51.0%	14.8%	—	—	20.4%	—	0.72	0.99	1.47	2.82	0.54	1.19	70.4%	243	107d	12.8%	10.6%	160,690 → 3,231 → 3,231 → 3,204 → 243 observed · qualified · market · attempts · fills· 0 band rejects	7.5%	10.0%	$391	18.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_Q3 tht_revised_stage_q_dev_2016_2022	development_2016_2022_risk_sized	141.6%	13.5%	—	—	18.6%	—	0.72	0.91	1.36	1.83	0.42	1.87	49.5%	384	66d	26.2%	9.4%	302,663 → 9,234 → 9,172 → 9,144 → 384 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,192	75.2×
research no holdout · CAGR ≤ SPY	THT_CF_DEPTH equity_curve_tht_confirmed_lower_validation	validation	5.1%	2.5%	25.9%	-23.4%	3.5%	10.0%	0.72	0.66	0.94	1.86	0.46	2.14	46.4%	28	31d	16.6%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$350	2.9×
research no holdout	THT_REV_X3_G1_K4_U3_D1_Q2 tht_revised_stage_q_dev_2016_2022	development_2016_2022_risk_sized	142.3%	13.5%	—	—	18.8%	—	0.72	0.91	1.36	1.84	0.42	1.84	50.0%	384	66d	26.2%	9.3%	302,663 → 9,234 → 9,172 → 9,144 → 384 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,201	75.9×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E3 tht_revised_stage_e_dev_2016_2022	development_2016_2022_risk_sized	140.7%	13.4%	9.2%	4.2%	18.8%	33.7%	0.71	0.91	1.37	1.81	0.42	2.00	47.5%	377	66d	28.7%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 377 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$2,282	74.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	28.7%	13.5%	—	—	19.1%	—	0.71	0.77	1.14	1.77	-0.50	0.97	25.6%	156	49d	28.6%	29.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,191	16.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H12_R025 equity_curve_tht_sizing_risk_025	validation_sizing	28.7%	13.5%	—	—	19.1%	—	0.71	0.77	1.14	1.77	-0.50	0.97	25.6%	156	49d	28.6%	29.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,191	16.6×
research no holdout	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_wide_full	full	1293.8%	17.9%	14.1%	3.8%	25.7%	33.7%	0.70	1.00	1.57	2.33	0.73	2.80	45.5%	873	35d	26.8%	10.4%	661,868 → 15,711 → 9,774 → 9,774 → 873 observed · qualified · market · attempts · fills	5.6%	10.0%	$5,113	391.3×
research CAGR ≤ SPY	THT_SL_SECTOR_13W_NO_TRIM tht_sector_leader_candidate_audit_v2_holdout_2023_2025	holdout_2023_2025	37.2%	11.2%	23.1%	-12.0%	16.1%	18.8%	0.69	0.91	1.36	1.83	0.33	1.20	60.5%	223	46d	16.2%	13.0%	160,690 → 499 → 499 → 493 → 223 observed · qualified · market · attempts · fills· 0 band rejects	44.7%	6.9%	$330	17.3×
research no holdout	THT_REV_X3_G1_K4_U3_D1_Q1 tht_revised_stage_q_dev_2016_2022	development_2016_2022_risk_sized	131.9%	12.8%	—	—	18.6%	—	0.69	0.93	1.36	1.89	0.44	1.87	50.3%	382	65d	23.7%	9.0%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,133	69.5×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R050_C25 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	113.6%	11.5%	—	—	16.7%	—	0.69	0.90	1.35	1.86	0.44	1.95	48.9%	391	65d	25.6%	9.4%	302,663 → 9,234 → 9,172 → 9,144 → 391 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	25.0%	$1,030	58.2×
research no holdout · CAGR ≤ SPY	THT_RR_R1_R2 equity_curve_tht_confirmed_rr_validation	validation	2.6%	1.3%	25.9%	-24.6%	1.9%	10.0%	0.69	0.69	0.98	1.82	0.41	1.82	50.0%	28	31d	11.5%	6.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	5.4%	$254	2.0×
research no holdout · CAGR ≤ SPY	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_full	full	711.4%	14.0%	14.1%	-0.1%	20.5%	33.7%	0.68	0.90	1.33	1.97	0.53	2.32	46.0%	835	36d	21.0%	9.7%	661,868 → 15,711 → 9,774 → 9,774 → 835 observed · qualified · market · attempts · fills	5.3%	10.0%	$4,277	324.4×
research no holdout	THT_S5_GRID_LOWER_C25_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	24.4%	11.6%	—	—	17.1%	—	0.68	0.68	0.98	1.67	0.00	2.25	30.8%	292	60d	28.5%	12.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.8%	$1,882	13.5×
research no holdout	THT_S5_GRID_LOWER_C25_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	24.4%	11.6%	—	—	17.1%	—	0.68	0.68	0.98	1.67	0.00	2.25	30.8%	292	60d	28.5%	12.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.8%	$1,882	13.5×
research no holdout	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_wide_full	full	1402.0%	18.5%	14.1%	4.3%	27.2%	33.7%	0.68	0.97	1.56	2.09	0.60	2.59	44.7%	783	38d	26.0%	11.3%	661,868 → 15,711 → 9,774 → 9,774 → 783 observed · qualified · market · attempts · fills	5.0%	10.0%	$6,230	499.6×
research DD > 30% · no holdout	THT_RISK_075_050_000 equity_curve_tht_risk_throttle_full	full	1876.3%	20.5%	14.1%	6.4%	30.2%	33.7%	0.68	1.06	1.62	1.79	0.44	2.21	44.8%	1,484	38d	21.7%	8.4%	661,868 → 15,711 → 15,553 → 15,509 → 1,484 observed · qualified · market · attempts · fills	9.4%	10.0%	$12,212	1015.5×
research DD > 30% · no holdout	THT_RISK_075_050_000 equity_curve_tht_risk_throttle_full_v2	full	1876.3%	20.5%	14.1%	6.4%	30.2%	33.7%	0.68	1.06	1.62	1.79	0.44	2.21	44.8%	1,484	38d	21.7%	8.4%	661,868 → 15,711 → 15,553 → 15,509 → 1,484 observed · qualified · market · attempts · fills	9.4%	10.0%	$12,212	1015.5×
research no holdout	THT_S5_GRID_LOWER_C20_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	24.4%	11.6%	—	—	17.1%	—	0.68	0.68	0.98	1.66	0.03	2.34	30.8%	292	60d	28.5%	12.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,883	13.5×
research no holdout	THT_S5_GRID_LOWER_C20_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	24.4%	11.6%	—	—	17.1%	—	0.68	0.68	0.98	1.66	0.03	2.34	30.8%	292	60d	28.5%	12.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,883	13.5×
research no holdout	THT_REV_X5_G1_K4 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	115.1%	11.6%	—	—	17.2%	—	0.67	0.83	1.24	1.78	0.41	1.97	47.5%	356	71d	26.5%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 356 observed · qualified · market · attempts · fills· 204 band rejects	3.9%	15.0%	$1,045	63.0×
research no holdout	THT_S5_GRID_BX_C10_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	40.2%	18.5%	—	—	27.4%	—	0.67	0.71	1.05	2.04	0.17	0.95	59.8%	112	97d	22.8%	24.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,485	11.1×
research no holdout	THT_S5_GRID_BX_C10_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	40.2%	18.5%	—	—	27.4%	—	0.67	0.71	1.05	2.04	0.17	0.95	59.8%	112	97d	22.8%	24.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,485	11.1×
research no holdout	THT_RISK_075_050_000 equity_curve_tht_risk_throttle_presample	presample	211.2%	13.5%	-5.3%	18.7%	20.2%	19.3%	0.67	0.87	1.25	1.53	0.29	1.85	45.3%	813	38d	15.4%	7.8%	315,869 → 6,119 → 6,001 → 5,995 → 813 observed · qualified · market · attempts · fills	13.3%	10.0%	$2,809	196.3×
research no holdout	THT_RISK_075_050_000 equity_curve_tht_risk_throttle_presample_v2	presample	211.2%	13.5%	-5.3%	18.7%	20.2%	19.3%	0.67	0.87	1.25	1.53	0.29	1.85	45.3%	813	38d	15.4%	7.8%	315,869 → 6,119 → 6,001 → 5,995 → 813 observed · qualified · market · attempts · fills	13.3%	10.0%	$2,809	196.3×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R050_C20 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	110.3%	11.2%	—	—	16.8%	—	0.67	0.88	1.32	1.85	0.44	1.96	48.5%	390	66d	25.8%	9.4%	302,663 → 9,234 → 9,172 → 9,144 → 390 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	20.0%	$1,018	57.2×
research no holdout · CAGR ≤ SPY	THT_RANK_BX_SECTOR equity_curve_tht_ranking_validation	validation	6.7%	3.3%	25.9%	-22.6%	4.9%	10.0%	0.66	0.98	1.50	1.91	0.39	1.43	57.1%	42	36d	16.0%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 42 observed · qualified · market · attempts · fills	1.4%	7.2%	$60	3.0×
research no holdout · CAGR ≤ SPY	THT_RANK_BX_SECTOR equity_curve_tht_ranking_validation	validation	6.7%	3.3%	25.9%	-22.6%	4.9%	10.0%	0.66	0.98	1.50	1.91	0.39	1.43	57.1%	42	36d	16.0%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 42 observed · qualified · market · attempts · fills	1.4%	7.2%	$60	3.0×
research no holdout	THT_S5_GRID_LOWER_C15_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	23.7%	11.3%	—	—	17.0%	—	0.66	0.66	0.96	1.63	0.05	2.38	31.0%	290	59d	28.4%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,900	13.5×
research no holdout	THT_S5_GRID_LOWER_C15_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	23.7%	11.3%	—	—	17.0%	—	0.66	0.66	0.96	1.63	0.05	2.38	31.0%	290	59d	28.4%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,900	13.5×
research no holdout	THT_PRES_RANK_U2_LEAD tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	63.1%	17.8%	—	—	26.9%	—	0.66	0.89	1.33	2.10	0.35	0.99	68.0%	316	91d	15.5%	15.2%	160,690 → 12,492 → 12,492 → 12,400 → 316 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	9.1%	$508	23.8×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_validation	validation	40.4%	18.6%	25.9%	-7.3%	28.2%	10.0%	0.66	0.71	1.05	0.83	-0.06	0.52	61.7%	128	92d	21.9%	42.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,417	10.7×
research E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_validation	validation	40.4%	18.6%	25.9%	-7.3%	28.2%	10.0%	0.66	0.71	1.05	2.13	-0.06	0.52	61.7%	128	92d	21.9%	42.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,417	10.7×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C25 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	144.3%	13.6%	—	—	20.7%	—	0.66	0.91	1.38	1.81	0.40	1.79	50.3%	372	66d	26.3%	9.8%	302,663 → 9,234 → 9,172 → 9,144 → 372 observed · qualified · market · attempts · fills· 204 band rejects	4.0%	25.0%	$1,205	77.3×
research no holdout · CAGR ≤ SPY	THT_RISK_050 equity_curve_tht_confirmed_risk_validation	validation	6.3%	3.1%	25.9%	-22.8%	4.8%	10.0%	0.65	0.64	0.91	1.76	0.41	2.03	46.4%	28	31d	16.6%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$475	4.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C20 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	142.7%	13.5%	—	—	20.7%	—	0.65	0.90	1.37	1.80	0.40	1.79	50.1%	375	67d	26.3%	9.8%	302,663 → 9,234 → 9,172 → 9,144 → 375 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	20.0%	$1,200	76.6×
research DD > 30% · no holdout	THT_RISK_075_050_025 equity_curve_tht_risk_throttle_full	full	1651.6%	19.6%	14.1%	5.5%	30.2%	33.7%	0.65	1.02	1.54	1.78	0.44	2.27	43.9%	1,525	37d	21.5%	8.6%	661,868 → 15,711 → 15,711 → 15,667 → 1,525 observed · qualified · market · attempts · fills	9.7%	10.0%	$10,973	903.3×
research DD > 30% · no holdout	THT_RISK_075_050_025 equity_curve_tht_risk_throttle_full_v2	full	1651.6%	19.6%	14.1%	5.5%	30.2%	33.7%	0.65	1.02	1.54	1.78	0.44	2.27	43.9%	1,525	37d	21.5%	8.6%	661,868 → 15,711 → 15,711 → 15,667 → 1,525 observed · qualified · market · attempts · fills	9.7%	10.0%	$10,973	903.3×
research no holdout	THT_PRES_RANK_U2_BLEND tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	35.6%	10.7%	—	—	16.6%	—	0.65	0.77	1.12	2.02	0.32	0.94	68.3%	249	112d	12.2%	13.5%	160,690 → 12,492 → 12,492 → 12,399 → 249 observed · qualified · market · attempts · fills· 0 band rejects	2.0%	10.0%	$380	17.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	26.7%	12.6%	—	—	19.5%	—	0.64	0.74	1.09	1.70	-0.34	1.67	24.7%	166	49d	26.5%	15.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,285	16.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_LOWER_C10_H18_R025 equity_curve_tht_sizing_risk_025	validation_sizing	26.7%	12.6%	—	—	19.5%	—	0.64	0.74	1.09	1.70	-0.34	1.67	24.7%	166	49d	26.5%	15.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,285	16.8×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R025_C25 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	73.8%	8.2%	—	—	12.8%	—	0.64	0.91	1.35	2.09	0.56	2.22	48.5%	396	69d	24.5%	9.3%	302,663 → 9,234 → 9,172 → 9,144 → 396 observed · qualified · market · attempts · fills· 204 band rejects	4.3%	25.0%	$764	31.0×
research no holdout	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_full	full	1390.4%	18.4%	14.1%	4.3%	28.6%	33.7%	0.64	0.99	1.56	2.44	0.75	2.67	47.7%	868	36d	28.6%	9.7%	661,868 → 15,711 → 9,774 → 9,774 → 868 observed · qualified · market · attempts · fills	5.5%	10.0%	$5,223	401.8×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E2 tht_revised_stage_e_dev_2016_2022	development_2016_2022_risk_sized	123.1%	12.2%	9.2%	3.0%	19.0%	33.7%	0.64	0.84	1.25	1.74	0.38	1.86	48.4%	376	66d	26.6%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 376 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$2,187	70.3×
research no holdout	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	150.7%	14.0%	13.6%	0.4%	22.0%	33.7%	0.64	0.85	1.28	1.54	0.30	2.03	43.1%	668	34d	17.4%	9.0%	332,876 → 20,541 → 20,350 → 20,298 → 668 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	10.0%	$1,703	121.8×
research DD > 30% · no holdout	THT_RISK_BX_075_050_000 equity_curve_tht_risk_throttle_full_v2	full	1976.2%	20.9%	14.1%	6.8%	32.8%	33.7%	0.64	1.02	1.54	1.82	0.46	2.25	44.8%	1,452	38d	22.0%	8.9%	661,868 → 15,711 → 15,553 → 15,509 → 1,452 observed · qualified · market · attempts · fills	9.2%	10.0%	$12,112	1003.8×
research no holdout	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_wide_full	full	1101.9%	16.8%	14.1%	2.7%	26.5%	33.7%	0.63	0.94	1.50	2.23	0.67	2.65	45.7%	881	33d	24.6%	13.0%	661,868 → 15,711 → 9,774 → 9,774 → 881 observed · qualified · market · attempts · fills	5.6%	10.0%	$4,868	368.8×
research no holdout	THT_RISK_BX_075_025_000 equity_curve_tht_risk_throttle_presample_v2	presample	190.6%	12.6%	-5.3%	17.9%	19.9%	19.3%	0.63	0.87	1.27	1.56	0.31	1.86	45.7%	797	38d	15.3%	8.3%	315,869 → 6,119 → 6,001 → 5,995 → 797 observed · qualified · market · attempts · fills	13.0%	10.0%	$2,463	166.2×
research no holdout	THT_S5_GRID_LOWER_C10_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	23.0%	10.9%	—	—	17.3%	—	0.63	0.76	1.12	1.99	0.77	3.24	41.6%	202	90d	32.5%	10.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,244	9.4×
research no holdout	THT_S5_GRID_LOWER_C10_H08 equity_curve_tht_sizing_fixed_025	validation_sizing	23.0%	10.9%	—	—	17.3%	—	0.63	0.76	1.12	1.99	0.77	3.24	41.6%	202	90d	32.5%	10.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,244	9.4×
research no holdout · CAGR ≤ SPY	THT_RR_R2_R3 equity_curve_tht_confirmed_rr_validation	validation	2.6%	1.3%	25.9%	-24.6%	2.0%	10.0%	0.63	0.67	0.95	1.78	0.39	1.78	50.0%	28	31d	11.7%	6.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	5.4%	$254	2.0×
research no holdout	THT_S5_GRID_BX_C10_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	40.3%	18.5%	—	—	29.3%	—	0.63	0.69	1.03	2.06	0.31	1.26	57.7%	123	95d	23.8%	18.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,472	10.8×
research no holdout	THT_S5_GRID_BX_C10_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	40.3%	18.5%	—	—	29.3%	—	0.63	0.69	1.03	2.06	0.31	1.26	57.7%	123	95d	23.8%	18.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,472	10.8×
research DD > 30% · no holdout	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_full	full	2027.0%	21.1%	14.1%	6.9%	33.3%	33.7%	0.63	0.99	1.50	1.76	0.42	2.21	44.3%	1,366	37d	23.4%	9.2%	661,868 → 15,711 → 15,553 → 15,509 → 1,366 observed · qualified · market · attempts · fills	8.7%	10.0%	$13,004	1070.3×
research no holdout	THT_REV_X5_G1_K4 tht_revised_stage_k_dev_2016_2022	development_2016_2022	166.1%	15.0%	—	—	23.8%	—	0.63	0.84	1.25	1.68	0.37	2.01	45.5%	343	71d	26.0%	9.7%	302,663 → 9,234 → 9,172 → 9,144 → 343 observed · qualified · market · attempts · fills· 150 band rejects	3.7%	15.0%	$1,314	90.4×
research no holdout	THT_REV_X5_G1_K4_U3 tht_revised_stage_u_dev_2016_2022	development_2016_2022	166.1%	15.0%	—	—	23.8%	—	0.63	0.84	1.25	1.68	0.37	2.01	45.5%	343	71d	26.0%	9.7%	302,663 → 9,234 → 9,172 → 9,144 → 343 observed · qualified · market · attempts · fills· 150 band rejects	3.7%	15.0%	$1,314	90.4×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R050_C15 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	107.6%	11.0%	—	—	17.5%	—	0.63	0.87	1.31	1.84	0.43	1.94	48.7%	392	66d	25.8%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 392 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,004	55.7×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R100_C25 equity_curve_tht_deployment_validation	validation	23.5%	11.2%	25.9%	-14.7%	17.7%	10.0%	0.63	0.81	1.20	1.71	0.41	2.26	43.1%	51	48d	22.6%	19.0%	106,406 → 2,981 → 1,562 → 1,562 → 51 observed · qualified · market · attempts · fills	1.7%	25.0%	$168	12.0×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R100_C25 equity_curve_tht_deployment_validation	validation	23.5%	11.2%	25.9%	-14.7%	17.7%	10.0%	0.63	0.81	1.20	1.71	0.41	2.26	43.1%	51	48d	22.6%	19.0%	106,406 → 2,981 → 1,562 → 1,562 → 51 observed · qualified · market · attempts · fills	1.7%	25.0%	$168	12.0×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R025_C20 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	72.2%	8.1%	—	—	12.8%	—	0.63	0.89	1.32	2.05	0.55	2.26	47.6%	397	69d	24.8%	9.3%	302,663 → 9,234 → 9,172 → 9,144 → 397 observed · qualified · market · attempts · fills· 204 band rejects	4.3%	20.0%	$762	30.6×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C15_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	30.9%	14.5%	—	—	23.1%	—	0.63	0.64	0.92	1.79	-0.25	0.32	56.9%	109	108d	23.8%	74.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,322	10.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C15_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	30.9%	14.5%	—	—	23.1%	—	0.63	0.64	0.92	1.79	-0.25	0.32	56.9%	109	108d	23.8%	74.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,322	10.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C20_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	30.9%	14.4%	—	—	23.1%	—	0.63	0.64	0.92	1.79	-0.26	0.29	57.4%	108	107d	23.1%	79.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,319	10.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C20_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	30.9%	14.4%	—	—	23.1%	—	0.63	0.64	0.92	1.79	-0.26	0.29	57.4%	108	107d	23.1%	79.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,319	10.3×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R100_C10 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	114.6%	11.6%	—	—	18.5%	—	0.62	0.83	1.24	1.74	0.38	1.84	48.7%	341	67d	26.3%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 341 observed · qualified · market · attempts · fills· 204 band rejects	3.7%	10.0%	$1,025	63.5×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T3 tht_revised_stage_t_dev_2016_2022	development_2016_2022_risk_sized	121.9%	12.1%	—	—	19.4%	—	0.62	0.90	1.33	1.97	0.51	2.20	47.2%	377	60d	25.0%	9.3%	302,663 → 9,234 → 9,234 → 9,206 → 377 observed · qualified · market · attempts · fills· 205 band rejects	4.1%	15.0%	$988	56.0×
research no holdout	THT_REV_RESEARCH_FINALIST_K3 tht_revised_post_selection_combined_2016_2025	post_selection_combined_2016_2025	234.7%	13.7%	—	—	22.0%	—	0.62	0.94	1.44	1.87	0.47	2.18	46.2%	587	61d	25.5%	9.9%	441,911 → 14,004 → 13,910 → 13,868 → 587 observed · qualified · market · attempts · fills· 332 band rejects	4.2%	15.0%	$1,830	114.9×
research no holdout	THT_REV_X3_G1_K4_U3_D0 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	122.8%	12.2%	—	—	19.8%	—	0.61	0.85	1.27	1.80	0.41	1.91	48.4%	382	65d	25.9%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 382 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$1,116	68.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C15_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	36.3%	16.8%	—	—	27.4%	—	0.61	0.68	0.99	1.96	-0.04	0.61	59.3%	108	100d	24.5%	40.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,435	11.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C15_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	36.3%	16.8%	—	—	27.4%	—	0.61	0.68	0.99	1.96	-0.04	0.61	59.3%	108	100d	24.5%	40.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,435	11.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	30.1%	14.1%	—	—	23.0%	—	0.61	0.64	0.91	1.76	-0.25	0.31	57.4%	108	112d	25.2%	82.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,320	10.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	30.1%	14.1%	—	—	23.0%	—	0.61	0.64	0.91	1.76	-0.25	0.31	57.4%	108	112d	25.2%	82.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,320	10.3×
research no holdout	THT_S5_GRID_LOWER_C10_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	19.6%	9.4%	—	—	15.4%	—	0.61	0.58	0.84	1.51	0.08	2.59	30.0%	313	58d	28.5%	11.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,024	14.0×
research no holdout	THT_S5_GRID_LOWER_C10_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	19.6%	9.4%	—	—	15.4%	—	0.61	0.58	0.84	1.51	0.08	2.59	30.0%	313	58d	28.5%	11.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,024	14.0×
research no holdout	THT_RISK_BX_075_050_000 equity_curve_tht_risk_throttle_presample_v2	presample	211.2%	13.5%	-5.3%	18.7%	22.2%	19.3%	0.61	0.84	1.21	1.51	0.28	1.80	45.6%	793	38d	15.2%	8.7%	315,869 → 6,119 → 6,001 → 5,995 → 793 observed · qualified · market · attempts · fills	13.0%	10.0%	$2,857	199.8×
research no holdout	THT_REV_X5_G1_K3 tht_revised_stage_k_dev_2016_2022	development_2016_2022	181.3%	16.0%	—	—	26.5%	—	0.60	0.93	1.37	1.78	0.42	2.11	45.8%	343	71d	23.5%	9.7%	302,663 → 9,234 → 9,172 → 9,144 → 343 observed · qualified · market · attempts · fills· 150 band rejects	3.7%	15.0%	$1,352	92.6×
research no holdout	THT_REV_X5_G1_K3_U3 tht_revised_stage_u_dev_2016_2022	development_2016_2022	181.3%	16.0%	—	—	26.5%	—	0.60	0.93	1.37	1.78	0.42	2.11	45.8%	343	71d	23.5%	9.7%	302,663 → 9,234 → 9,172 → 9,144 → 343 observed · qualified · market · attempts · fills· 150 band rejects	3.7%	15.0%	$1,352	92.6×
research no holdout	THT_REV_X5_G1_K3 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	115.2%	11.6%	—	—	19.3%	—	0.60	0.81	1.26	1.74	0.40	2.02	46.3%	348	72d	26.6%	9.8%	302,663 → 9,234 → 9,172 → 9,144 → 348 observed · qualified · market · attempts · fills· 204 band rejects	3.8%	15.0%	$1,063	64.7×
research no holdout · CAGR ≤ SPY	THT_RANK_NO_FV equity_curve_tht_ranking_validation	validation	6.7%	3.3%	25.9%	-22.6%	5.5%	10.0%	0.60	0.94	1.40	1.88	0.38	1.47	56.1%	41	41d	18.4%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 41 observed · qualified · market · attempts · fills	1.4%	7.2%	$58	3.0×
research no holdout · CAGR ≤ SPY	THT_RANK_NO_FV equity_curve_tht_ranking_validation	validation	6.7%	3.3%	25.9%	-22.6%	5.5%	10.0%	0.60	0.94	1.40	1.88	0.38	1.47	56.1%	41	41d	18.4%	12.4%	106,406 → 2,981 → 1,562 → 1,562 → 41 observed · qualified · market · attempts · fills	1.4%	7.2%	$58	3.0×
research CAGR ≤ SPY	THT_SL_SECTOR_13W_TRIM25 tht_sector_leader_candidate_audit_v2_holdout_2023_2025	holdout_2023_2025	30.9%	9.4%	23.1%	-13.7%	15.8%	18.8%	0.60	0.81	1.19	1.74	0.29	1.13	60.6%	226	46d	14.6%	12.5%	160,690 → 499 → 499 → 493 → 226 observed · qualified · market · attempts · fills· 0 band rejects	45.3%	6.9%	$355	17.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C10_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	31.8%	14.9%	—	—	25.1%	—	0.59	0.64	0.93	1.83	-0.25	0.26	59.1%	110	115d	22.8%	86.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,363	10.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C10_H18 equity_curve_tht_sizing_fixed_075	validation_sizing	31.8%	14.9%	—	—	25.1%	—	0.59	0.64	0.93	1.83	-0.25	0.26	59.1%	110	115d	22.8%	86.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,363	10.3×
research no holdout	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	168.7%	15.2%	13.6%	1.6%	25.7%	33.7%	0.59	0.80	1.19	1.56	0.32	2.08	42.8%	664	32d	18.2%	9.4%	332,876 → 20,541 → 20,350 → 20,298 → 664 observed · qualified · market · attempts · fills· 1,095 band rejects	3.2%	20.0%	$1,655	116.6×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R025_C15 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	66.7%	7.6%	—	—	12.9%	—	0.59	0.84	1.24	2.00	0.52	2.19	47.7%	394	68d	24.4%	9.2%	302,663 → 9,234 → 9,172 → 9,144 → 394 observed · qualified · market · attempts · fills· 204 band rejects	4.3%	15.0%	$747	29.9×
research no holdout · CAGR ≤ SPY	THT_RISK_075 equity_curve_tht_confirmed_risk_validation	validation	7.9%	3.9%	25.9%	-22.0%	6.6%	10.0%	0.59	0.59	0.83	1.67	0.36	1.93	46.4%	28	31d	16.5%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$658	5.6×
research no holdout	THT_REV_X3_G1_K3 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	120.9%	12.0%	—	—	20.6%	—	0.58	0.81	1.26	1.74	0.40	2.04	46.1%	384	66d	25.0%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 384 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,151	70.9×
research no holdout	THT_REV_X3_G1_K3_U3 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	120.9%	12.0%	—	—	20.6%	—	0.58	0.81	1.26	1.74	0.40	2.04	46.1%	384	66d	25.0%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 384 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,151	70.9×
research no holdout	THT_REV_X3_G1_K3_U3_D1 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	120.9%	12.0%	—	—	20.6%	—	0.58	0.81	1.26	1.74	0.40	2.04	46.1%	384	66d	25.0%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 384 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,151	70.9×
research CAGR ≤ SPY	THT_REV_HOLDOUT_H2 tht_revised_locked_holdout_2023_2025	locked_holdout_2023_2025	27.3%	8.4%	23.1%	-14.7%	14.6%	18.8%	0.57	0.82	1.23	1.60	0.36	2.40	39.9%	213	44d	21.9%	9.3%	160,690 → 4,770 → 4,738 → 4,696 → 213 observed · qualified · market · attempts · fills· 128 band rejects	4.5%	10.0%	$431	20.4×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R050_C10 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	103.1%	10.7%	—	—	18.6%	—	0.57	0.89	1.33	1.91	0.47	2.04	48.4%	380	65d	26.1%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 380 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	10.0%	$920	48.8×
research no holdout · CAGR ≤ SPY	THT_RISK_100 equity_curve_tht_confirmed_risk_validation	validation	7.8%	3.9%	25.9%	-22.0%	6.8%	10.0%	0.57	0.56	0.79	1.66	0.35	1.91	46.4%	28	31d	16.5%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$667	5.7×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R150_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	121.0%	12.0%	13.6%	-1.6%	21.1%	33.7%	0.57	0.82	1.17	1.57	0.30	1.72	47.9%	627	36d	11.8%	7.1%	332,876 → 15,269 → 15,109 → 15,060 → 627 observed · qualified · market · attempts · fills· 830 band rejects	4.1%	15.0%	$1,671	119.0×
research no holdout	THT_REV_X3_G1_K3_U3_D3 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	115.7%	11.6%	—	—	20.6%	—	0.56	0.80	1.24	1.72	0.39	2.01	46.1%	384	66d	25.0%	9.6%	302,663 → 9,234 → 9,172 → 9,144 → 384 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,138	69.8×
research no holdout	THT_REV_X3_G1_K1 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	106.1%	10.9%	—	—	19.5%	—	0.56	0.79	1.24	1.83	0.42	1.87	49.4%	338	70d	25.6%	9.9%	302,663 → 9,234 → 9,172 → 9,144 → 338 observed · qualified · market · attempts · fills· 204 band rejects	3.7%	15.0%	$969	54.6×
research no holdout	THT_REV_X3_G1_K3_U3_D0 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	120.5%	12.0%	—	—	21.4%	—	0.56	0.81	1.25	1.75	0.42	2.23	43.9%	390	65d	25.5%	9.4%	302,663 → 9,234 → 9,172 → 9,144 → 390 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,163	72.3×
research no holdout	THT_TR_LIQ_ATH_FULL_FV_R150_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	164.7%	14.9%	13.6%	1.3%	26.7%	33.7%	0.56	0.80	1.22	1.52	0.29	1.92	44.2%	670	32d	16.3%	8.3%	332,876 → 20,541 → 20,350 → 20,300 → 670 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	15.0%	$1,962	146.4×
research no holdout · CAGR ≤ SPY	THT_CF_IMMEDIATE equity_curve_tht_confirmed_lower_validation	validation	4.4%	2.2%	25.9%	-23.7%	4.0%	10.0%	0.55	0.61	0.87	1.73	0.39	2.00	46.4%	28	27d	15.8%	7.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$347	2.9×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E1 equity_curve_tht_market_validation	validation	4.4%	2.2%	25.9%	-23.7%	4.0%	10.0%	0.55	0.61	0.87	1.73	0.39	2.00	46.4%	28	27d	15.8%	7.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$347	2.9×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E1_PA equity_curve_tht_market_validation	validation	4.4%	2.2%	25.9%	-23.7%	4.0%	10.0%	0.55	0.61	0.87	1.73	0.39	2.00	46.4%	28	27d	15.8%	7.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$347	2.9×
research no holdout	THT_REV_X5_G1_K1 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	101.5%	10.5%	—	—	19.2%	—	0.55	0.77	1.21	1.79	0.41	1.97	47.6%	313	75d	25.7%	10.3%	302,663 → 9,234 → 9,172 → 9,144 → 313 observed · qualified · market · attempts · fills· 204 band rejects	3.4%	15.0%	$936	53.1×
research no holdout · CAGR ≤ SPY	THT_RANK_SECTOR_ONLY equity_curve_tht_ranking_development	development	32.8%	7.4%	13.1%	-5.7%	13.5%	33.7%	0.55	0.91	1.41	2.07	0.56	2.30	47.4%	133	38d	33.3%	11.5%	186,103 → 4,720 → 3,032 → 3,014 → 133 observed · qualified · market · attempts · fills	2.8%	7.1%	$206	10.7×
research no holdout · CAGR ≤ SPY	THT_RANK_SECTOR_ONLY equity_curve_tht_ranking_development	development	32.8%	7.4%	13.1%	-5.7%	13.5%	33.7%	0.55	0.91	1.41	2.07	0.56	2.30	47.4%	133	38d	33.3%	11.5%	186,103 → 4,720 → 3,032 → 3,014 → 133 observed · qualified · market · attempts · fills	2.8%	7.1%	$206	10.7×
research no holdout	THT_S5_GRID_BX_C15_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	33.3%	15.5%	—	—	28.6%	—	0.54	0.63	0.92	1.86	0.06	0.81	58.7%	133	97d	22.3%	27.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,444	10.7×
research no holdout	THT_S5_GRID_BX_C15_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	33.3%	15.5%	—	—	28.6%	—	0.54	0.63	0.92	1.86	0.06	0.81	58.7%	133	97d	22.3%	27.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,444	10.7×
research no holdout	THT_RISK_075_050_025 equity_curve_tht_risk_throttle_presample	presample	172.1%	11.8%	-5.3%	17.1%	21.7%	19.3%	0.54	0.77	1.10	1.47	0.26	1.86	44.3%	847	37d	14.8%	8.3%	315,869 → 6,119 → 6,119 → 6,113 → 847 observed · qualified · market · attempts · fills	13.8%	10.0%	$2,574	175.3×
research no holdout	THT_RISK_075_050_025 equity_curve_tht_risk_throttle_presample_v2	presample	172.1%	11.8%	-5.3%	17.1%	21.7%	19.3%	0.54	0.77	1.10	1.47	0.26	1.86	44.3%	847	37d	14.8%	8.3%	315,869 → 6,119 → 6,119 → 6,113 → 847 observed · qualified · market · attempts · fills	13.8%	10.0%	$2,574	175.3×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E4 tht_revised_stage_e_dev_2016_2022	development_2016_2022_risk_sized	103.3%	10.7%	9.2%	1.5%	19.7%	33.7%	0.54	0.75	1.12	1.63	0.33	1.84	46.9%	375	66d	26.8%	9.8%	302,663 → 9,234 → 9,172 → 9,144 → 375 observed · qualified · market · attempts · fills· 204 band rejects	4.1%	15.0%	$3,743	66.3×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R100_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	116.1%	11.6%	13.6%	-2.0%	21.9%	33.7%	0.53	0.85	1.21	1.63	0.32	1.68	49.2%	656	36d	11.8%	7.2%	332,876 → 15,269 → 15,109 → 15,060 → 656 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,591	108.8×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R025_C10 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	67.7%	7.7%	—	—	14.4%	—	0.53	0.87	1.28	2.04	0.55	2.27	47.3%	385	66d	24.8%	9.3%	302,663 → 9,234 → 9,172 → 9,144 → 385 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	10.0%	$728	29.0×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R150_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	122.2%	12.1%	13.6%	-1.5%	22.9%	33.7%	0.53	0.77	1.15	1.47	0.27	1.93	43.2%	651	33d	15.8%	8.8%	332,876 → 20,541 → 20,350 → 20,297 → 651 observed · qualified · market · attempts · fills· 1,096 band rejects	3.2%	10.0%	$1,599	112.6×
research no holdout	THT_PRES_AR_U2_R21_1 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	45.0%	13.2%	—	—	25.2%	—	0.53	0.71	1.06	1.84	0.32	1.14	61.6%	245	113d	18.1%	15.8%	160,690 → 12,492 → 12,492 → 12,401 → 245 observed · qualified · market · attempts · fills· 0 band rejects	2.0%	10.0%	$380	18.3×
research no holdout	THT_PRES_ORIGIN_U0_PREF tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	40.7%	12.1%	—	—	23.4%	—	0.52	0.78	1.15	2.42	0.47	1.19	67.0%	236	117d	13.1%	10.2%	160,690 → 4,428 → 4,428 → 4,394 → 236 observed · qualified · market · attempts · fills· 0 band rejects	5.3%	9.7%	$365	16.3×
research no holdout	THT_PRES_ORIGIN_U1_PREF tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	35.0%	10.5%	—	—	20.6%	—	0.51	0.69	1.02	2.05	0.36	1.07	65.8%	234	115d	13.7%	11.8%	160,690 → 9,068 → 9,068 → 8,999 → 234 observed · qualified · market · attempts · fills· 0 band rejects	2.6%	8.1%	$354	16.1×
research no holdout	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_wide_full	full	735.5%	14.2%	14.1%	0.1%	27.9%	33.7%	0.51	0.78	1.26	1.85	0.47	2.27	44.8%	834	33d	21.4%	11.8%	661,868 → 15,711 → 9,774 → 9,774 → 834 observed · qualified · market · attempts · fills	5.3%	10.0%	$4,658	357.2×
research no holdout	THT_TR_LIQ_ATH_FULL_FV_R150_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	161.2%	14.7%	13.6%	1.1%	29.0%	33.7%	0.51	0.89	1.34	1.55	0.30	1.91	44.8%	712	32d	15.9%	8.3%	332,876 → 20,541 → 20,350 → 20,294 → 712 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,907	139.6×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	106.1%	10.9%	13.6%	-2.7%	21.5%	33.7%	0.51	0.72	1.05	1.44	0.25	1.93	42.7%	674	33d	17.0%	8.9%	332,876 → 20,541 → 20,350 → 20,298 → 674 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	10.0%	$1,525	104.3×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R075_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	106.1%	10.9%	13.6%	-2.7%	21.5%	33.7%	0.51	0.72	1.05	1.44	0.25	1.93	42.7%	674	33d	17.0%	8.9%	332,876 → 20,541 → 20,350 → 20,298 → 674 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	10.0%	$1,525	104.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C20_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	30.7%	14.4%	—	—	28.4%	—	0.51	0.62	0.90	1.77	-0.06	0.57	59.8%	107	98d	23.6%	41.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,381	10.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C20_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	30.7%	14.4%	—	—	28.4%	—	0.51	0.62	0.90	1.77	-0.06	0.57	59.8%	107	98d	23.6%	41.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,381	10.7×
research CAGR ≤ SPY	THT_REV_HOLDOUT_H1 tht_revised_locked_holdout_2023_2025	locked_holdout_2023_2025	28.1%	8.6%	23.1%	-14.5%	17.1%	18.8%	0.51	0.74	1.09	1.48	0.29	2.25	39.6%	235	44d	22.4%	10.3%	160,690 → 4,770 → 4,738 → 4,696 → 235 observed · qualified · market · attempts · fills· 128 band rejects	4.9%	15.0%	$478	22.4×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R125_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	103.3%	10.7%	13.6%	-2.9%	21.2%	33.7%	0.50	0.70	1.04	1.39	0.22	1.87	42.7%	661	32d	16.7%	8.8%	332,876 → 20,541 → 20,350 → 20,298 → 661 observed · qualified · market · attempts · fills· 1,096 band rejects	3.2%	10.0%	$1,618	113.7×
research no holdout · CAGR ≤ SPY	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_full	full	564.8%	12.6%	14.1%	-1.5%	25.1%	33.7%	0.50	0.80	1.16	1.82	0.46	2.33	43.9%	798	41d	21.6%	9.5%	661,868 → 15,711 → 9,774 → 9,774 → 798 observed · qualified · market · attempts · fills	5.1%	10.0%	$3,652	290.0×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	30.4%	14.2%	—	—	28.5%	—	0.50	0.62	0.89	1.76	-0.06	0.56	60.4%	106	99d	23.6%	42.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,377	10.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H12 equity_curve_tht_sizing_fixed_075	validation_sizing	30.4%	14.2%	—	—	28.5%	—	0.50	0.62	0.89	1.76	-0.06	0.56	60.4%	106	99d	23.6%	42.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,377	10.7×
research no holdout	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_presample	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_presample_v2	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT14_LEGACY_FV_BX equity_curve_tht_improvements_1_4_presample_v3	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_presample	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_presample_v2	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_presample_v3	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT_RECYCLE_R075_D63_N1_EXIT equity_curve_tht_wide_presample	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT_RISK_CONTROL_BX_R075 equity_curve_tht_risk_throttle_presample	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout	THT_RISK_CONTROL_BX_R075 equity_curve_tht_risk_throttle_presample_v2	presample	133.4%	9.9%	-5.3%	15.2%	20.4%	19.3%	0.48	0.75	1.10	1.52	0.29	1.98	43.4%	454	40d	18.1%	9.1%	315,869 → 6,119 → 4,232 → 4,226 → 454 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,734	116.6×
research no holdout · CAGR ≤ SPY	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_full	full	676.6%	13.7%	14.1%	-0.4%	28.4%	33.7%	0.48	0.84	1.22	1.78	0.45	2.42	42.5%	777	41d	26.6%	31.4%	661,868 → 15,711 → 9,774 → 9,774 → 777 observed · qualified · market · attempts · fills	4.9%	10.0%	$4,115	327.1×
research DD > 30% · no holdout	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	178.5%	15.8%	13.6%	2.2%	32.9%	33.7%	0.48	0.82	1.23	1.62	0.36	2.20	42.4%	648	33d	19.1%	9.4%	332,876 → 20,541 → 20,350 → 20,298 → 648 observed · qualified · market · attempts · fills· 1,095 band rejects	3.2%	15.0%	$1,564	108.7×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50 equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	95.0%	10.0%	13.6%	-3.6%	21.1%	33.7%	0.48	0.77	1.08	1.50	0.26	1.62	48.2%	664	35d	12.3%	7.4%	332,876 → 15,269 → 15,109 → 15,060 → 664 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,558	104.8×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	95.0%	10.0%	13.6%	-3.6%	21.1%	33.7%	0.48	0.77	1.08	1.50	0.26	1.62	48.2%	664	35d	12.3%	7.4%	332,876 → 15,269 → 15,109 → 15,060 → 664 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,558	104.8×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R075_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	95.0%	10.0%	13.6%	-3.6%	21.1%	33.7%	0.48	0.77	1.08	1.50	0.26	1.62	48.2%	664	35d	12.3%	7.4%	332,876 → 15,269 → 15,109 → 15,060 → 664 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,558	104.8×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R075_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	99.9%	10.4%	13.6%	-3.2%	21.9%	33.7%	0.47	0.76	1.07	1.50	0.26	1.61	48.2%	711	36d	10.9%	6.9%	332,876 → 15,269 → 15,109 → 15,062 → 711 observed · qualified · market · attempts · fills· 830 band rejects	4.7%	15.0%	$1,711	116.2×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R100_C15 equity_curve_tht_deployment_validation	validation	18.9%	9.1%	25.9%	-16.8%	19.4%	10.0%	0.47	0.65	0.95	1.56	0.32	2.08	42.9%	56	45d	23.0%	15.0%	106,406 → 2,981 → 1,562 → 1,562 → 56 observed · qualified · market · attempts · fills	1.9%	15.0%	$168	11.9×
research no holdout · CAGR ≤ SPY	THT_DEPLOY_R100_C15 equity_curve_tht_deployment_validation	validation	18.9%	9.1%	25.9%	-16.8%	19.4%	10.0%	0.47	0.65	0.95	1.56	0.32	2.08	42.9%	56	45d	23.0%	15.0%	106,406 → 2,981 → 1,562 → 1,562 → 56 observed · qualified · market · attempts · fills	1.9%	15.0%	$168	11.9×
research no holdout	THT_PRES_ORIGIN_U1_HARD tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	30.3%	9.2%	—	—	19.7%	—	0.47	0.63	0.92	1.92	0.32	1.03	65.1%	212	125d	13.2%	12.7%	160,690 → 6,427 → 6,427 → 6,378 → 212 observed · qualified · market · attempts · fills· 0 band rejects	3.3%	9.8%	$325	14.9×
research CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R150_C15 equity_curve_tht_uncapped_finalists_holdout_2025	locked_holdout_2025	7.8%	7.9%	18.1%	-10.3%	16.9%	18.8%	0.47	0.50	0.69	1.25	0.14	1.58	44.2%	104	33d	14.3%	8.5%	55,316 → 3,537 → 3,537 → 3,483 → 104 observed · qualified · market · attempts · fills· 213 band rejects	2.9%	15.0%	$187	11.3×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R075_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	122.2%	12.1%	13.6%	-1.5%	26.1%	33.7%	0.46	0.76	1.12	1.47	0.27	1.90	43.7%	703	34d	16.8%	8.6%	332,876 → 20,541 → 20,350 → 20,298 → 703 observed · qualified · market · attempts · fills· 1,096 band rejects	3.4%	15.0%	$1,643	114.1×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T2 tht_revised_stage_t_dev_2016_2022	development_2016_2022_risk_sized	128.4%	12.6%	—	—	27.1%	—	0.46	0.82	1.21	1.84	0.44	2.06	47.2%	375	57d	24.8%	9.6%	302,663 → 9,234 → 9,234 → 9,206 → 375 observed · qualified · market · attempts · fills· 205 band rejects	4.1%	15.0%	$1,069	64.2×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T0 tht_revised_stage_t_dev_2016_2022	development_2016_2022_risk_sized	141.3%	13.4%	—	—	29.0%	—	0.46	0.78	1.13	1.68	0.36	1.88	47.2%	373	56d	25.9%	9.6%	302,663 → 9,234 → 9,234 → 9,206 → 373 observed · qualified · market · attempts · fills· 205 band rejects	4.0%	15.0%	$1,280	85.8×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_ARM equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	97.4%	10.2%	13.6%	-3.4%	22.1%	33.7%	0.46	0.76	1.06	1.51	0.27	1.67	47.5%	663	36d	12.7%	7.3%	332,876 → 15,269 → 15,109 → 15,060 → 663 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,516	105.2×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_ARM_FV equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	97.4%	10.2%	13.6%	-3.4%	22.1%	33.7%	0.46	0.76	1.06	1.51	0.27	1.67	47.5%	663	36d	12.7%	7.3%	332,876 → 15,269 → 15,109 → 15,060 → 663 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,516	105.2×
research no holdout	THT_RECYCLE_R100_D63_N1_EXIT equity_curve_tht_wide_presample	presample	138.4%	10.2%	-5.3%	15.4%	22.1%	19.3%	0.46	0.76	1.12	1.55	0.31	2.03	43.2%	421	40d	16.8%	10.0%	315,869 → 6,119 → 4,232 → 4,226 → 421 observed · qualified · market · attempts · fills	6.9%	10.0%	$1,713	119.0×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_FULL equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	82.8%	9.0%	13.6%	-4.6%	19.6%	33.7%	0.46	0.68	0.95	1.40	0.21	1.62	46.3%	726	32d	11.6%	7.5%	332,876 → 15,269 → 15,109 → 15,060 → 726 observed · qualified · market · attempts · fills· 830 band rejects	4.8%	10.0%	$1,611	110.3×
research CAGR ≤ SPY	THT_REV_HOLDOUT_H0 tht_revised_locked_holdout_2023_2025	locked_holdout_2023_2025	24.7%	7.7%	23.1%	-15.4%	17.0%	18.8%	0.45	0.67	0.98	1.43	0.26	2.22	39.1%	235	44d	21.3%	10.2%	160,690 → 4,770 → 4,738 → 4,696 → 235 observed · qualified · market · attempts · fills· 128 band rejects	4.9%	15.0%	$474	22.0×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R100_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	138.2%	13.2%	13.6%	-0.4%	29.5%	33.7%	0.45	0.79	1.18	1.47	0.26	1.83	44.5%	716	32d	16.4%	8.2%	332,876 → 20,541 → 20,350 → 20,295 → 716 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,870	135.8×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R125_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	93.8%	9.9%	13.6%	-3.7%	22.5%	33.7%	0.44	0.75	1.06	1.51	0.27	1.68	47.4%	648	35d	11.8%	7.2%	332,876 → 15,269 → 15,109 → 15,060 → 648 observed · qualified · market · attempts · fills· 830 band rejects	4.2%	10.0%	$1,531	103.7×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R125_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	124.8%	12.3%	13.6%	-1.3%	28.1%	33.7%	0.44	0.69	1.02	1.41	0.24	1.97	41.7%	616	33d	18.0%	9.2%	332,876 → 20,541 → 20,350 → 20,300 → 616 observed · qualified · market · attempts · fills· 1,095 band rejects	3.0%	25.0%	$1,640	119.0×
research no holdout	THT_RECYCLE_R075_NONE equity_curve_tht_wide_presample	presample	120.9%	9.2%	-5.3%	14.5%	21.1%	19.3%	0.44	0.70	1.01	1.47	0.27	2.04	41.9%	441	40d	17.9%	9.4%	315,869 → 6,119 → 4,232 → 4,226 → 441 observed · qualified · market · attempts · fills	7.2%	10.0%	$1,687	113.6×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R125_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	87.0%	9.4%	13.6%	-4.3%	21.9%	33.7%	0.43	0.66	0.94	1.42	0.23	1.72	45.2%	622	35d	11.3%	7.0%	332,876 → 15,269 → 15,109 → 15,063 → 622 observed · qualified · market · attempts · fills· 830 band rejects	4.1%	25.0%	$1,638	116.2×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R125_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	131.9%	12.8%	13.6%	-0.8%	29.9%	33.7%	0.43	0.79	1.18	1.45	0.26	1.86	43.9%	710	31d	15.7%	8.0%	332,876 → 20,541 → 20,350 → 20,293 → 710 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,861	135.2×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R125_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	109.8%	11.2%	13.6%	-2.4%	26.2%	33.7%	0.43	0.65	0.99	1.40	0.23	1.96	41.7%	648	33d	16.7%	8.2%	332,876 → 20,541 → 20,350 → 20,303 → 648 observed · qualified · market · attempts · fills· 1,096 band rejects	3.2%	20.0%	$1,747	127.7×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R125_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	105.2%	10.8%	13.6%	-2.8%	25.4%	33.7%	0.43	0.65	0.97	1.38	0.22	1.95	41.4%	637	32d	16.3%	8.2%	332,876 → 20,541 → 20,350 → 20,302 → 637 observed · qualified · market · attempts · fills· 1,096 band rejects	3.1%	25.0%	$1,757	129.5×
research no holdout	THT_PRES_AR_U1_R42_1 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	33.2%	10.1%	—	—	24.0%	—	0.42	0.61	0.90	1.90	0.34	1.15	62.4%	226	119d	15.0%	13.1%	160,690 → 9,068 → 9,068 → 9,000 → 226 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	10.0%	$337	15.5×
research DD > 30% · no holdout	THT_TR_LIQ_ATH_ARM_FV_RS_R100_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	149.5%	14.0%	13.6%	0.3%	33.6%	33.7%	0.42	0.76	1.12	1.51	0.29	2.02	42.9%	648	32d	16.8%	9.3%	332,876 → 20,541 → 20,350 → 20,299 → 648 observed · qualified · market · attempts · fills· 1,095 band rejects	3.2%	25.0%	$1,608	113.0×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_LOWER_ONLY equity_curve_tht_stage5_development	development	163.5%	27.5%	13.1%	14.4%	66.1%	33.7%	0.42	0.75	1.10	0.67	-0.25	2.24	23.1%	420	46d	73.1%	32.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$10,402	83.3×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_LOWER_ONLY equity_curve_tht_stage5_development	development	163.5%	27.5%	13.1%	14.4%	66.1%	33.7%	0.42	0.75	1.10	1.56	-0.25	2.24	23.1%	420	46d	73.1%	32.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$10,402	83.3×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C10_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	19.6%	9.4%	—	—	22.7%	—	0.41	0.47	0.67	1.46	-0.35	0.15	56.5%	138	104d	22.5%	150.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,284	9.8×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C10_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	19.6%	9.4%	—	—	22.7%	—	0.41	0.47	0.67	1.46	-0.35	0.15	56.5%	138	104d	22.5%	150.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,284	9.8×
research no holdout	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_presample	presample	169.7%	11.7%	-5.3%	16.9%	28.2%	19.3%	0.41	0.71	1.01	1.40	0.22	1.69	45.4%	745	37d	15.5%	8.7%	315,869 → 6,119 → 6,001 → 5,995 → 745 observed · qualified · market · attempts · fills	12.2%	10.0%	$2,872	200.3×
research no holdout	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_presample_v2	presample	169.7%	11.7%	-5.3%	16.9%	28.2%	19.3%	0.41	0.71	1.01	1.40	0.22	1.69	45.4%	745	37d	15.5%	8.7%	315,869 → 6,119 → 6,001 → 5,995 → 745 observed · qualified · market · attempts · fills	12.2%	10.0%	$2,872	200.3×
research no holdout	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_presample_v3	presample	169.7%	11.7%	-5.3%	16.9%	28.2%	19.3%	0.41	0.71	1.01	1.40	0.22	1.69	45.4%	745	37d	15.5%	8.7%	315,869 → 6,119 → 6,001 → 5,995 → 745 observed · qualified · market · attempts · fills	12.2%	10.0%	$2,872	200.3×
research no holdout	THT_PRES_RANK_U1_BLEND tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	23.7%	7.4%	—	—	18.0%	—	0.41	0.57	0.83	1.75	0.24	0.82	68.1%	232	120d	10.9%	13.3%	160,690 → 9,068 → 9,068 → 8,998 → 232 observed · qualified · market · attempts · fills· 0 band rejects	2.6%	10.0%	$350	15.3×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R150_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	74.8%	8.3%	13.6%	-5.3%	20.3%	33.7%	0.41	0.65	0.91	1.43	0.23	1.65	46.6%	638	35d	11.0%	7.5%	332,876 → 15,269 → 15,109 → 15,057 → 638 observed · qualified · market · attempts · fills· 830 band rejects	4.2%	10.0%	$1,442	95.5×
research no holdout	THT_PRES_ORIGIN_U2_HARD tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	30.8%	9.4%	—	—	23.1%	—	0.41	0.58	0.85	1.71	0.28	1.10	60.9%	207	129d	16.7%	15.2%	160,690 → 8,862 → 8,862 → 8,794 → 207 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	9.8%	$320	14.9×
research no holdout · CAGR ≤ SPY	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_full	full	494.8%	11.8%	14.1%	-2.3%	29.0%	33.7%	0.41	0.73	1.07	1.85	0.50	2.64	41.2%	809	39d	24.6%	10.9%	661,868 → 15,711 → 9,774 → 9,774 → 809 observed · qualified · market · attempts · fills	5.1%	10.0%	$3,088	232.5×
research no holdout	THT_REV_X3_G1_K4_U3_D2 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	67.4%	7.6%	—	—	19.1%	—	0.40	0.63	0.89	1.49	0.26	1.67	47.2%	373	64d	20.2%	9.9%	302,663 → 9,234 → 9,172 → 9,144 → 373 observed · qualified · market · attempts · fills· 204 band rejects	4.0%	15.0%	$1,003	57.9×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E5 equity_curve_tht_market_validation	validation	6.2%	3.1%	25.9%	-22.8%	7.7%	10.0%	0.40	0.33	0.49	1.23	0.15	2.38	34.0%	97	26d	19.9%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,441	10.0×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E5_PA equity_curve_tht_market_validation	validation	6.2%	3.1%	25.9%	-22.8%	7.7%	10.0%	0.40	0.33	0.49	1.23	0.15	2.38	34.0%	97	26d	19.9%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,441	10.0×
research no holdout	THT_PRES_ORIGIN_U1_ALL tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	30.3%	9.2%	—	—	23.3%	—	0.40	0.57	0.84	1.88	0.33	1.11	62.9%	210	129d	14.9%	13.2%	160,690 → 9,068 → 9,068 → 9,000 → 210 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$312	14.3×
research no holdout	THT_PRES_PROG_U1_EQ tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	30.3%	9.2%	—	—	23.3%	—	0.40	0.57	0.84	1.88	0.33	1.11	62.9%	210	129d	14.9%	13.2%	160,690 → 9,068 → 9,068 → 9,000 → 210 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$312	14.3×
research no holdout	THT_PRES_RANK_U1_CURRENT tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	30.3%	9.2%	—	—	23.3%	—	0.40	0.57	0.84	1.88	0.33	1.11	62.9%	210	129d	14.9%	13.2%	160,690 → 9,068 → 9,068 → 9,000 → 210 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$312	14.3×
research no holdout	THT_PRES_UTL_U1_D25 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	30.3%	9.2%	—	—	23.3%	—	0.40	0.57	0.84	1.88	0.33	1.11	62.9%	210	129d	14.9%	13.2%	160,690 → 9,068 → 9,068 → 9,000 → 210 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$312	14.3×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R125_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	76.3%	8.4%	13.6%	-5.2%	21.4%	33.7%	0.39	0.60	0.85	1.40	0.21	1.57	47.1%	632	35d	11.8%	7.3%	332,876 → 15,269 → 15,109 → 15,063 → 632 observed · qualified · market · attempts · fills· 830 band rejects	4.1%	15.0%	$1,501	101.7×
research no holdout	THT_PRES_ORIGIN_U2_ALL tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	36.5%	10.9%	—	—	27.8%	—	0.39	0.60	0.90	1.84	0.29	1.00	64.8%	213	129d	17.3%	15.5%	160,690 → 12,492 → 12,492 → 12,401 → 213 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	9.6%	$323	15.2×
research no holdout	THT_PRES_PROG_U2_EQ tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	36.5%	10.9%	—	—	27.8%	—	0.39	0.60	0.90	1.84	0.29	1.00	64.8%	213	129d	17.3%	15.5%	160,690 → 12,492 → 12,492 → 12,401 → 213 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	9.6%	$323	15.2×
research no holdout	THT_PRES_RANK_U2_CURRENT tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	36.5%	10.9%	—	—	27.8%	—	0.39	0.60	0.90	1.84	0.29	1.00	64.8%	213	129d	17.3%	15.5%	160,690 → 12,492 → 12,492 → 12,401 → 213 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	9.6%	$323	15.2×
research no holdout	THT_PRES_UTL_U2_D25 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	36.5%	10.9%	—	—	27.8%	—	0.39	0.60	0.90	1.84	0.29	1.00	64.8%	213	129d	17.3%	15.5%	160,690 → 12,492 → 12,492 → 12,401 → 213 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	9.6%	$323	15.2×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_ARM_BLEND equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	78.8%	8.7%	13.6%	-4.9%	22.1%	33.7%	0.39	0.63	0.87	1.36	0.21	1.83	42.7%	632	38d	14.6%	8.5%	332,876 → 15,269 → 15,109 → 15,073 → 632 observed · qualified · market · attempts · fills· 830 band rejects	4.1%	10.0%	$1,398	95.5×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_TRIM50 equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	116.0%	11.6%	13.6%	-2.0%	29.8%	33.7%	0.39	0.75	1.09	1.49	0.27	1.77	45.7%	676	36d	17.0%	8.5%	332,876 → 20,541 → 20,350 → 20,297 → 676 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	10.0%	$1,643	112.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	124.1%	12.2%	13.6%	-1.4%	31.6%	33.7%	0.39	0.77	1.13	1.43	0.24	1.81	44.1%	723	32d	16.6%	8.5%	332,876 → 20,541 → 20,350 → 20,294 → 723 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,836	132.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	124.1%	12.2%	13.6%	-1.4%	31.6%	33.7%	0.39	0.77	1.13	1.43	0.24	1.81	44.1%	723	32d	16.6%	8.5%	332,876 → 20,541 → 20,350 → 20,294 → 723 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,836	132.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R075_C10 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	124.1%	12.2%	13.6%	-1.4%	31.6%	33.7%	0.39	0.77	1.13	1.43	0.24	1.81	44.1%	723	32d	16.6%	8.5%	332,876 → 20,541 → 20,350 → 20,294 → 723 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,836	132.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	120.3%	11.9%	13.6%	-1.7%	30.9%	33.7%	0.39	0.75	1.09	1.50	0.28	1.88	44.4%	672	36d	17.9%	8.4%	332,876 → 20,541 → 20,350 → 20,296 → 672 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	10.0%	$1,613	113.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	120.3%	11.9%	13.6%	-1.7%	30.9%	33.7%	0.39	0.75	1.09	1.50	0.28	1.88	44.4%	672	36d	17.9%	8.4%	332,876 → 20,541 → 20,350 → 20,296 → 672 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	10.0%	$1,613	113.4×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R075_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	83.8%	9.1%	13.6%	-4.5%	23.6%	33.7%	0.39	0.66	0.93	1.40	0.21	1.59	46.7%	691	35d	11.4%	7.2%	332,876 → 15,269 → 15,109 → 15,061 → 691 observed · qualified · market · attempts · fills· 830 band rejects	4.5%	20.0%	$1,691	116.0×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_HALF equity_curve_tht_entry_semantics_development	development	12.5%	3.0%	13.1%	-10.1%	7.8%	33.7%	0.39	0.57	0.80	1.43	0.28	2.77	34.1%	132	40d	32.6%	9.6%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	7.2%	$191	9.9×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_HALF equity_curve_tht_entry_semantics_development	development	12.5%	3.0%	13.1%	-10.1%	7.8%	33.7%	0.39	0.57	0.80	1.43	0.28	2.77	34.1%	132	40d	32.6%	9.6%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	7.2%	$191	9.9×
research no holdout · CAGR ≤ SPY	THT_RANK_CURRENT equity_curve_tht_ranking_development	development	12.5%	3.0%	13.1%	-10.1%	7.8%	33.7%	0.39	0.57	0.80	1.43	0.28	2.77	34.1%	132	40d	32.6%	9.6%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	7.2%	$191	9.9×
research no holdout · CAGR ≤ SPY	THT_RANK_CURRENT equity_curve_tht_ranking_development	development	12.5%	3.0%	13.1%	-10.1%	7.8%	33.7%	0.39	0.57	0.80	1.43	0.28	2.77	34.1%	132	40d	32.6%	9.6%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	7.2%	$191	9.9×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R125_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	75.1%	8.3%	13.6%	-5.3%	21.8%	33.7%	0.38	0.60	0.84	1.38	0.21	1.66	45.5%	635	34d	11.0%	7.0%	332,876 → 15,269 → 15,109 → 15,063 → 635 observed · qualified · market · attempts · fills· 830 band rejects	4.2%	20.0%	$1,569	108.4×
research no holdout	THT_PRES_AR_U2_R42_1 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	33.9%	10.3%	—	—	26.8%	—	0.38	0.57	0.85	1.71	0.26	1.00	63.1%	222	122d	17.2%	16.4%	160,690 → 12,492 → 12,492 → 12,401 → 222 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$334	15.7×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_LOWER_ONLY equity_curve_tht_stage5_management	full_2019_2025	382.5%	25.2%	17.2%	8.1%	66.1%	33.7%	0.38	0.75	1.11	1.84	-0.12	2.33	26.3%	636	55d	60.9%	26.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$17,379	136.6×
research no holdout	THT_PRES_RANK_U2_RECOVERY tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	32.4%	9.8%	—	—	26.1%	—	0.38	0.58	0.85	1.70	0.24	0.91	65.0%	220	126d	16.4%	16.3%	160,690 → 12,492 → 12,492 → 12,399 → 220 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$334	15.4×
research no holdout	THT_PRES_ORIGIN_U2_PREF tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	29.8%	9.1%	—	—	24.1%	—	0.38	0.55	0.80	1.60	0.23	1.00	61.5%	226	125d	16.8%	16.4%	160,690 → 12,492 → 12,492 → 12,400 → 226 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	8.9%	$343	15.6×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R075_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	96.3%	10.1%	13.6%	-3.5%	26.8%	33.7%	0.38	0.65	0.94	1.37	0.21	1.85	42.6%	697	33d	16.7%	8.9%	332,876 → 20,541 → 20,350 → 20,299 → 697 observed · qualified · market · attempts · fills· 1,096 band rejects	3.4%	25.0%	$1,586	108.9×
research no holdout	THT_PRES_AR_U2_R42_2 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	32.8%	9.9%	—	—	26.4%	—	0.38	0.56	0.83	1.66	0.25	0.99	62.6%	222	117d	17.6%	16.2%	160,690 → 12,492 → 12,492 → 12,401 → 222 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$338	16.0×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_BLEND equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	74.1%	8.3%	13.6%	-5.4%	21.9%	33.7%	0.38	0.63	0.88	1.34	0.19	1.70	44.1%	644	38d	13.9%	8.6%	332,876 → 15,269 → 15,109 → 15,072 → 644 observed · qualified · market · attempts · fills· 830 band rejects	4.2%	10.0%	$1,474	96.6×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R075_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	105.1%	10.8%	13.6%	-2.8%	28.9%	33.7%	0.37	0.67	0.96	1.38	0.21	1.73	44.3%	756	33d	14.9%	8.0%	332,876 → 20,541 → 20,350 → 20,293 → 756 observed · qualified · market · attempts · fills· 1,096 band rejects	3.7%	15.0%	$1,840	130.5×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R150_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	105.3%	10.8%	13.6%	-2.8%	29.1%	33.7%	0.37	0.64	0.95	1.36	0.21	1.78	43.5%	603	31d	16.1%	8.2%	332,876 → 20,541 → 20,350 → 20,303 → 603 observed · qualified · market · attempts · fills· 1,096 band rejects	2.9%	20.0%	$1,760	131.8×
research DD > 30% · no holdout	THT_RISK_100 equity_curve_tht_confirmed_risk_development	development	70.4%	14.3%	13.1%	1.2%	38.7%	33.7%	0.37	0.53	0.93	1.81	0.57	4.21	30.1%	93	33d	50.5%	10.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,204	26.0×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R075_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	108.1%	11.1%	13.6%	-2.6%	30.0%	33.7%	0.37	0.68	0.99	1.37	0.20	1.72	44.3%	750	32d	15.5%	8.2%	332,876 → 20,541 → 20,350 → 20,294 → 750 observed · qualified · market · attempts · fills· 1,096 band rejects	3.7%	20.0%	$1,888	135.7×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R150_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	68.9%	7.8%	13.6%	-5.8%	21.2%	33.7%	0.37	0.58	0.80	1.38	0.21	1.60	46.3%	566	34d	10.5%	6.8%	332,876 → 15,269 → 15,109 → 15,065 → 566 observed · qualified · market · attempts · fills· 830 band rejects	3.7%	20.0%	$1,449	101.5×
research no holdout	THT_PRES_RANK_U1_LEAD tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	28.6%	8.8%	—	—	24.0%	—	0.37	0.58	0.83	1.62	0.20	0.77	67.8%	307	91d	11.1%	14.3%	160,690 → 9,068 → 9,068 → 8,997 → 307 observed · qualified · market · attempts · fills· 0 band rejects	3.4%	9.4%	$465	20.4×
research no holdout	THT_PRES_AR_U2_R21_2 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	35.9%	10.8%	—	—	29.5%	—	0.37	0.61	0.90	1.68	0.27	1.12	60.0%	245	108d	17.1%	14.6%	160,690 → 12,492 → 12,492 → 12,401 → 245 observed · qualified · market · attempts · fills· 0 band rejects	2.0%	10.0%	$373	17.7×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R100_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	74.7%	8.3%	13.6%	-5.3%	22.8%	33.7%	0.36	0.58	0.80	1.34	0.19	1.59	45.9%	654	35d	11.7%	7.4%	332,876 → 15,269 → 15,109 → 15,063 → 654 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	25.0%	$1,620	111.6×
research no holdout	THT_PRES_ORIGIN_U0_ALL tht_presenter_stage_origin_robustness_2023_2025	robustness_2023_2025	28.9%	8.9%	—	—	24.4%	—	0.36	0.61	0.91	1.86	0.33	1.15	61.8%	233	123d	13.3%	11.4%	160,690 → 4,428 → 4,428 → 4,393 → 233 observed · qualified · market · attempts · fills· 0 band rejects	5.3%	9.9%	$348	15.4×
research DD > 30% · no holdout	THT_S5_GRID_BX_C20_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	23.6%	11.2%	—	—	31.0%	—	0.36	0.51	0.73	1.56	0.02	0.74	58.6%	128	99d	22.1%	30.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,412	10.4×
research DD > 30% · no holdout	THT_S5_GRID_BX_C20_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	23.6%	11.2%	—	—	31.0%	—	0.36	0.51	0.73	1.56	0.02	0.74	58.6%	128	99d	22.1%	30.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,412	10.4×
research no holdout · CAGR ≤ SPY	THT_RANK_SECTOR_ONLY equity_curve_tht_ranking_validation	validation	5.3%	2.6%	25.9%	-23.3%	7.3%	10.0%	0.36	0.56	0.78	1.61	0.33	1.85	46.5%	43	44d	26.0%	13.9%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$58	2.6×
research no holdout · CAGR ≤ SPY	THT_RANK_SECTOR_ONLY equity_curve_tht_ranking_validation	validation	5.3%	2.6%	25.9%	-23.3%	7.3%	10.0%	0.36	0.56	0.78	1.61	0.33	1.85	46.5%	43	44d	26.0%	13.9%	106,406 → 2,981 → 1,562 → 1,562 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$58	2.6×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R075_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	90.8%	9.7%	13.6%	-3.9%	27.1%	33.7%	0.36	0.63	0.91	1.36	0.21	1.84	42.4%	701	33d	16.7%	8.9%	332,876 → 20,541 → 20,350 → 20,299 → 701 observed · qualified · market · attempts · fills· 1,096 band rejects	3.4%	20.0%	$1,565	106.8×
research no holdout · CAGR ≤ SPY	THT_SL_SECTOR_13W_TRIM25 tht_sector_leader_candidate_audit_v2_dev_2016_2022	development_2016_2022	62.3%	7.2%	9.2%	-2.0%	20.1%	33.7%	0.36	0.55	0.83	1.84	0.30	1.03	64.1%	460	49d	11.7%	11.0%	302,663 → 1,112 → 1,112 → 1,110 → 460 observed · qualified · market · attempts · fills· 0 band rejects	41.4%	10.0%	$746	36.3×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R075_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	71.8%	8.0%	13.6%	-5.6%	22.8%	33.7%	0.35	0.60	0.84	1.35	0.19	1.55	46.6%	684	35d	10.9%	7.1%	332,876 → 15,269 → 15,109 → 15,062 → 684 observed · qualified · market · attempts · fills· 830 band rejects	4.5%	25.0%	$1,640	111.7×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_BX equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	72.7%	8.1%	13.6%	-5.5%	23.1%	33.7%	0.35	0.62	0.86	1.33	0.18	1.65	44.7%	649	37d	14.5%	8.6%	332,876 → 15,269 → 15,109 → 15,072 → 649 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,474	96.9×
research no holdout	THT_PRES_AR_U1_R21_1 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	27.5%	8.5%	—	—	24.1%	—	0.35	0.53	0.79	1.65	0.26	1.11	59.8%	224	120d	15.2%	14.2%	160,690 → 9,068 → 9,068 → 9,000 → 224 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	10.0%	$333	15.4×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_RS equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	69.3%	7.8%	13.6%	-5.8%	22.4%	33.7%	0.35	0.54	0.78	1.28	0.16	1.72	42.7%	722	31d	15.4%	9.2%	332,876 → 20,541 → 20,350 → 20,296 → 722 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,540	102.7×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R075_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	103.7%	10.7%	13.6%	-2.9%	30.8%	33.7%	0.35	0.66	0.96	1.36	0.20	1.69	44.6%	737	33d	15.4%	8.1%	332,876 → 20,541 → 20,350 → 20,294 → 737 observed · qualified · market · attempts · fills· 1,096 band rejects	3.6%	25.0%	$1,848	132.6×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_ARM_FV_BX equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	75.8%	8.4%	13.6%	-5.2%	24.2%	33.7%	0.35	0.62	0.86	1.35	0.20	1.74	43.8%	640	37d	14.8%	8.5%	332,876 → 15,269 → 15,109 → 15,071 → 640 observed · qualified · market · attempts · fills· 830 band rejects	4.2%	10.0%	$1,407	95.9×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R150_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	89.8%	9.6%	13.6%	-4.0%	27.7%	33.7%	0.35	0.58	0.85	1.34	0.20	1.94	40.8%	588	31d	15.0%	7.9%	332,876 → 20,541 → 20,350 → 20,304 → 588 observed · qualified · market · attempts · fills· 1,096 band rejects	2.9%	25.0%	$1,687	125.6×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R100_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	69.4%	7.8%	13.6%	-5.8%	22.7%	33.7%	0.34	0.56	0.78	1.34	0.18	1.60	45.5%	673	34d	11.1%	7.4%	332,876 → 15,269 → 15,109 → 15,064 → 673 observed · qualified · market · attempts · fills· 830 band rejects	4.4%	20.0%	$1,598	108.2×
research CAGR ≤ SPY	THT_PRES_HOLDOUT_H3 tht_presenter_locked_holdout_2023_2025	locked_holdout_2023_2025	28.7%	8.8%	23.1%	-14.3%	25.8%	18.8%	0.34	0.52	0.77	1.59	0.23	0.99	61.6%	203	128d	18.3%	17.7%	160,690 → 12,492 → 12,492 → 12,401 → 203 observed · qualified · market · attempts · fills· 0 band rejects	1.6%	9.8%	$307	14.6×
research DD > 30% · no holdout	THT_REV_X3_G0_K4 tht_revised_stage_k_dev_2016_2022	development_2016_2022	102.2%	10.6%	—	—	31.1%	—	0.34	0.62	0.90	1.50	0.32	2.61	36.5%	411	59d	22.3%	7.9%	302,663 → 18,581 → 18,450 → 18,413 → 411 observed · qualified · market · attempts · fills· 883 band rejects	2.2%	15.0%	$1,292	85.1×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R100_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	71.2%	8.0%	13.6%	-5.6%	23.5%	33.7%	0.34	0.57	0.80	1.33	0.18	1.60	45.5%	683	35d	11.5%	7.5%	332,876 → 15,269 → 15,109 → 15,062 → 683 observed · qualified · market · attempts · fills· 830 band rejects	4.5%	15.0%	$1,603	107.9×
research CAGR ≤ SPY	THT_PRES_HOLDOUT_H1 tht_presenter_locked_holdout_2023_2025	locked_holdout_2023_2025	25.7%	7.9%	23.1%	-15.2%	23.4%	18.8%	0.34	0.51	0.76	1.66	0.26	1.04	61.5%	205	127d	15.1%	14.9%	160,690 → 9,068 → 9,068 → 8,999 → 205 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$302	14.1×
research no holdout · CAGR ≤ SPY	THT_SL_SECTOR_13W_NO_TRIM tht_sector_leader_candidate_audit_v2_dev_2016_2022	development_2016_2022	62.5%	7.2%	9.2%	-2.0%	21.3%	33.7%	0.34	0.55	0.82	1.80	0.29	1.02	63.9%	451	49d	12.3%	11.7%	302,663 → 1,112 → 1,112 → 1,110 → 451 observed · qualified · market · attempts · fills· 0 band rejects	40.6%	10.0%	$675	35.9×
research DD > 30% · no holdout	THT_REV_X3 tht_revised_stage_x_dev_2016_2022	development_2016_2022	96.3%	10.1%	—	—	30.1%	—	0.34	0.63	0.90	1.49	0.32	2.81	34.6%	451	55d	27.5%	7.3%	302,663 → 18,581 → 18,450 → 18,413 → 451 observed · qualified · market · attempts · fills· 883 band rejects	2.4%	15.0%	$1,365	90.6×
research DD > 30% · no holdout	THT_REV_X3_G0 tht_revised_stage_g_dev_2016_2022	development_2016_2022	96.3%	10.1%	—	—	30.1%	—	0.34	0.63	0.90	1.49	0.32	2.81	34.6%	451	55d	27.5%	7.3%	302,663 → 18,581 → 18,450 → 18,413 → 451 observed · qualified · market · attempts · fills· 883 band rejects	2.4%	15.0%	$1,365	90.6×
research no holdout	THT_REV_X5_G1 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	92.9%	9.9%	—	—	29.5%	—	0.33	0.69	1.05	1.60	0.35	2.33	40.7%	391	59d	24.6%	7.3%	302,663 → 9,234 → 9,172 → 9,144 → 391 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,188	76.0×
research no holdout	THT_REV_X5_G1_K0 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	92.9%	9.9%	—	—	29.5%	—	0.33	0.69	1.05	1.60	0.35	2.33	40.7%	391	59d	24.6%	7.3%	302,663 → 9,234 → 9,172 → 9,144 → 391 observed · qualified · market · attempts · fills· 204 band rejects	4.2%	15.0%	$1,188	76.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_RISK_075 equity_curve_tht_confirmed_risk_development	development	60.5%	12.6%	13.1%	-0.5%	38.1%	33.7%	0.33	0.50	0.86	1.78	0.54	4.12	30.1%	93	33d	50.5%	10.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,957	24.0×
research DD > 30% · no holdout	THT_REV_X3 tht_revised_stage_x_dev_2016_2022_v2	development_2016_2022	94.5%	10.0%	—	—	30.3%	—	0.33	0.62	0.89	1.49	0.32	2.92	33.8%	447	55d	27.9%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 447 observed · qualified · market · attempts · fills· 883 band rejects	2.4%	15.0%	$1,345	89.3×
research DD > 30% · no holdout	THT_REV_X3_G0 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	94.5%	10.0%	—	—	30.3%	—	0.33	0.62	0.89	1.49	0.32	2.92	33.8%	447	55d	27.9%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 447 observed · qualified · market · attempts · fills· 883 band rejects	2.4%	15.0%	$1,345	89.3×
research DD > 30% · no holdout	THT_REV_X3_G0_K0 tht_revised_stage_k_dev_2016_2022	development_2016_2022	94.5%	10.0%	—	—	30.3%	—	0.33	0.62	0.89	1.49	0.32	2.92	33.8%	447	55d	27.9%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 447 observed · qualified · market · attempts · fills· 883 band rejects	2.4%	15.0%	$1,345	89.3×
research CAGR ≤ SPY	THT_PRES_HOLDOUT_H2 tht_presenter_locked_holdout_2023_2025	locked_holdout_2023_2025	25.1%	7.8%	23.1%	-15.3%	23.7%	18.8%	0.33	0.50	0.75	1.64	0.24	0.99	62.4%	210	123d	15.1%	14.5%	160,690 → 9,068 → 9,068 → 8,999 → 210 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$308	14.3×
research no holdout	THT_PRES_AR_U1_R42_2 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	27.3%	8.4%	—	—	25.6%	—	0.33	0.53	0.78	1.67	0.25	1.00	62.4%	226	119d	14.7%	14.3%	160,690 → 9,068 → 9,068 → 8,999 → 226 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	10.0%	$335	15.3×
research no holdout · CAGR ≤ SPY	THT_CF_DEPTH equity_curve_tht_confirmed_lower_development	development	36.8%	8.2%	13.1%	-4.9%	25.1%	33.7%	0.33	0.45	0.73	1.85	0.59	4.29	30.1%	93	33d	50.5%	10.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,519	12.1×
research no holdout	THT_REV_X3_G0_K3 tht_revised_stage_k_dev_2016_2022	development_2016_2022	70.9%	8.0%	—	—	24.6%	—	0.32	0.52	0.75	1.36	0.22	2.19	38.4%	419	63d	21.6%	8.7%	302,663 → 18,581 → 18,450 → 18,413 → 419 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,230	78.0×
research CAGR ≤ SPY	THT_PRES_HOLDOUT_H0 tht_presenter_locked_holdout_2023_2025	locked_holdout_2023_2025	24.3%	7.5%	23.1%	-15.6%	23.4%	18.8%	0.32	0.49	0.72	1.63	0.25	1.04	61.2%	201	130d	15.0%	14.0%	160,690 → 9,068 → 9,068 → 8,999 → 201 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$298	14.0×
research no holdout	THT_PRES_AR_U1_R21_2 tht_presenter_stage_ar_confirmation_2023_2025	confirmation_2023_2025	28.3%	8.7%	—	—	27.1%	—	0.32	0.55	0.81	1.64	0.27	1.19	57.9%	252	105d	14.4%	12.7%	160,690 → 9,068 → 9,068 → 9,000 → 252 observed · qualified · market · attempts · fills· 0 band rejects	2.8%	10.0%	$377	17.5×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_GRID_BX_C25_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	21.8%	10.4%	—	—	32.5%	—	0.32	0.48	0.69	1.51	-0.05	0.63	58.1%	129	98d	22.1%	35.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,389	10.4×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_GRID_BX_C25_H12 equity_curve_tht_sizing_fixed_050	validation_sizing	21.8%	10.4%	—	—	32.5%	—	0.32	0.48	0.69	1.51	-0.05	0.63	58.1%	129	98d	22.1%	35.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,389	10.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_full	full	633.9%	13.3%	14.1%	-0.8%	41.8%	33.7%	0.32	0.68	1.01	1.48	0.28	2.14	40.9%	1,353	38d	23.4%	9.8%	661,868 → 15,711 → 15,553 → 15,509 → 1,353 observed · qualified · market · attempts · fills	8.6%	10.0%	$6,602	520.2×
research no holdout	THT_REV_X5_G1 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	74.8%	8.3%	—	—	26.2%	—	0.32	0.61	0.89	1.53	0.32	2.43	38.6%	363	62d	20.9%	7.0%	302,663 → 9,234 → 9,172 → 9,144 → 363 observed · qualified · market · attempts · fills· 150 band rejects	3.9%	15.0%	$1,087	68.9×
research no holdout	THT_REV_X5_G1_K0 tht_revised_stage_k_dev_2016_2022	development_2016_2022	74.8%	8.3%	—	—	26.2%	—	0.32	0.61	0.89	1.53	0.32	2.43	38.6%	363	62d	20.9%	7.0%	302,663 → 9,234 → 9,172 → 9,144 → 363 observed · qualified · market · attempts · fills· 150 band rejects	3.9%	15.0%	$1,087	68.9×
research no holdout	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_presample	presample	76.7%	6.5%	-5.3%	11.8%	20.6%	19.3%	0.32	0.53	0.76	1.35	0.19	1.69	44.3%	485	35d	13.9%	8.9%	315,869 → 6,119 → 4,232 → 4,226 → 485 observed · qualified · market · attempts · fills	7.9%	10.0%	$1,606	108.0×
research no holdout	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_presample_v2	presample	76.7%	6.5%	-5.3%	11.8%	20.6%	19.3%	0.32	0.53	0.76	1.35	0.19	1.69	44.3%	485	35d	13.9%	8.9%	315,869 → 6,119 → 4,232 → 4,226 → 485 observed · qualified · market · attempts · fills	7.9%	10.0%	$1,606	108.0×
research no holdout	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_presample_v3	presample	76.7%	6.5%	-5.3%	11.8%	20.6%	19.3%	0.32	0.53	0.76	1.35	0.19	1.69	44.3%	485	35d	13.9%	8.9%	315,869 → 6,119 → 4,232 → 4,226 → 485 observed · qualified · market · attempts · fills	7.9%	10.0%	$1,606	108.0×
research no holdout · CAGR ≤ SPY	THT_CF_CONFIRMED equity_curve_tht_confirmed_lower_development	development	37.8%	8.3%	13.1%	-4.7%	26.4%	33.7%	0.32	0.45	0.73	1.81	0.55	3.98	31.2%	93	39d	50.9%	11.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,543	12.3×
research no holdout · CAGR ≤ SPY	THT_CF_FAILED_RECLAIM equity_curve_tht_confirmed_lower_development	development	37.8%	8.3%	13.1%	-4.7%	26.4%	33.7%	0.32	0.45	0.73	1.81	0.55	3.98	31.2%	93	39d	50.9%	11.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,543	12.3×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R125_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	112.1%	11.3%	13.6%	-2.3%	36.0%	33.7%	0.32	0.65	0.95	1.36	0.21	1.94	41.2%	641	32d	17.8%	9.3%	332,876 → 20,541 → 20,350 → 20,296 → 641 observed · qualified · market · attempts · fills· 1,096 band rejects	3.1%	15.0%	$1,613	113.9×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_BASE equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	83.5%	9.1%	13.6%	-4.5%	28.8%	33.7%	0.32	0.58	0.84	1.40	0.24	2.20	38.9%	633	39d	20.3%	8.2%	332,876 → 20,541 → 20,350 → 20,309 → 633 observed · qualified · market · attempts · fills· 1,096 band rejects	3.1%	10.0%	$1,382	93.4×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_ATH_ARM equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	65.5%	7.5%	13.6%	-6.1%	23.7%	33.7%	0.31	0.61	0.84	1.36	0.19	1.53	47.0%	642	36d	10.6%	7.5%	332,876 → 11,537 → 11,411 → 11,370 → 642 observed · qualified · market · attempts · fills· 655 band rejects	5.6%	10.0%	$1,429	98.0×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R150_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	86.1%	9.3%	13.6%	-4.3%	29.5%	33.7%	0.31	0.58	0.83	1.33	0.20	1.93	40.8%	561	30d	14.7%	8.9%	332,876 → 20,541 → 20,350 → 20,301 → 561 observed · qualified · market · attempts · fills· 1,096 band rejects	2.7%	25.0%	$1,459	105.0×
research no holdout · CAGR ≤ SPY	THT_RR_BREAKEVEN equity_curve_tht_confirmed_rr_development	development	14.2%	3.4%	13.1%	-9.7%	10.8%	33.7%	0.31	0.45	0.72	1.82	0.53	3.36	35.1%	94	30d	31.4%	8.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	7.1%	$897	6.9×
research DD > 30% · no holdout	THT_REV_X5_G1_K2 tht_revised_stage_k_dev_2016_2022	development_2016_2022	85.0%	9.2%	—	—	30.1%	—	0.31	0.62	0.90	1.52	0.33	2.70	36.1%	391	67d	23.6%	7.4%	302,663 → 9,234 → 9,172 → 9,144 → 391 observed · qualified · market · attempts · fills· 150 band rejects	4.2%	15.0%	$1,139	73.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_BX equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	86.4%	9.3%	13.6%	-4.3%	30.5%	33.7%	0.31	0.61	0.86	1.33	0.19	1.91	41.1%	642	38d	19.9%	10.1%	332,876 → 20,541 → 20,350 → 20,310 → 642 observed · qualified · market · attempts · fills· 1,096 band rejects	3.1%	10.0%	$1,429	97.5×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_ATH_FULL equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	51.3%	6.1%	13.6%	-7.5%	20.1%	33.7%	0.30	0.52	0.71	1.25	0.13	1.48	45.8%	716	31d	10.0%	7.4%	332,876 → 11,537 → 11,411 → 11,368 → 716 observed · qualified · market · attempts · fills· 654 band rejects	6.2%	10.0%	$1,572	107.1×
research no holdout	THT_REV_X4 tht_revised_stage_x_dev_2016_2022_v2	development_2016_2022	83.8%	9.1%	—	—	30.0%	—	0.30	0.60	0.83	1.44	0.29	2.76	34.3%	420	59d	27.8%	7.3%	302,663 → 18,581 → 18,450 → 18,413 → 420 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,276	84.8×
research no holdout	THT_PRES_RANK_U2_PAYOFF tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	15.2%	4.9%	—	—	16.1%	—	0.30	0.43	0.61	1.41	0.15	0.83	63.0%	257	110d	10.1%	11.6%	160,690 → 12,492 → 12,492 → 12,401 → 257 observed · qualified · market · attempts · fills· 0 band rejects	2.1%	9.1%	$391	16.7×
research no holdout	THT_REV_X5 tht_revised_stage_x_dev_2016_2022_v2	development_2016_2022	81.3%	8.9%	—	—	29.4%	—	0.30	0.59	0.82	1.44	0.29	2.83	33.7%	418	60d	27.9%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 418 observed · qualified · market · attempts · fills· 883 band rejects	2.2%	15.0%	$1,275	83.7×
research no holdout	THT_REV_X5_G0 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	81.3%	8.9%	—	—	29.4%	—	0.30	0.59	0.82	1.44	0.29	2.83	33.7%	418	60d	27.9%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 418 observed · qualified · market · attempts · fills· 883 band rejects	2.2%	15.0%	$1,275	83.7×
research no holdout	THT_REV_X5 tht_revised_stage_x_dev_2016_2022	development_2016_2022	81.3%	8.9%	—	—	29.4%	—	0.30	0.59	0.82	1.44	0.29	2.81	33.9%	419	60d	27.7%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 419 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,277	83.9×
research no holdout	THT_REV_X5_G0 tht_revised_stage_g_dev_2016_2022	development_2016_2022	81.3%	8.9%	—	—	29.4%	—	0.30	0.59	0.82	1.44	0.29	2.81	33.9%	419	60d	27.7%	7.2%	302,663 → 18,581 → 18,450 → 18,413 → 419 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,277	83.9×
research no holdout	THT_REV_X4 tht_revised_stage_x_dev_2016_2022	development_2016_2022	83.1%	9.0%	—	—	30.0%	—	0.30	0.60	0.83	1.44	0.29	2.74	34.4%	421	59d	27.6%	7.3%	302,663 → 18,581 → 18,450 → 18,413 → 421 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,276	84.8×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R100_C15 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	71.7%	8.0%	—	—	26.7%	—	0.30	0.57	0.83	1.44	0.24	1.67	46.2%	357	66d	25.2%	9.9%	302,663 → 9,234 → 9,172 → 9,144 → 357 observed · qualified · market · attempts · fills· 204 band rejects	3.9%	15.0%	$1,030	62.7×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_BLEND equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	99.3%	10.4%	13.6%	-3.3%	34.5%	33.7%	0.30	0.68	0.97	1.38	0.22	1.97	41.3%	649	37d	20.2%	9.5%	332,876 → 20,541 → 20,350 → 20,308 → 649 observed · qualified · market · attempts · fills· 1,096 band rejects	3.2%	10.0%	$1,508	104.7×
research DD > 30% · no holdout	THT_REV_X3_G1 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	83.2%	9.0%	—	—	30.2%	—	0.30	0.64	0.97	1.55	0.33	2.37	39.6%	407	55d	23.9%	7.2%	302,663 → 9,234 → 9,172 → 9,144 → 407 observed · qualified · market · attempts · fills· 204 band rejects	4.4%	15.0%	$1,191	75.7×
research DD > 30% · no holdout	THT_REV_X3_G1_K0 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	83.2%	9.0%	—	—	30.2%	—	0.30	0.64	0.97	1.55	0.33	2.37	39.6%	407	55d	23.9%	7.2%	302,663 → 9,234 → 9,172 → 9,144 → 407 observed · qualified · market · attempts · fills· 204 band rejects	4.4%	15.0%	$1,191	75.7×
research no holdout	THT_REV_X2 tht_revised_stage_x_dev_2016_2022	development_2016_2022	79.2%	8.7%	—	—	29.1%	—	0.30	0.56	0.76	1.43	0.30	3.04	32.0%	365	61d	28.7%	7.5%	302,663 → 18,581 → 18,450 → 18,413 → 365 observed · qualified · market · attempts · fills· 883 band rejects	2.0%	15.0%	$1,036	77.5×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_ATH_TRIM50 equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	58.6%	6.8%	13.6%	-6.8%	22.9%	33.7%	0.30	0.58	0.80	1.32	0.17	1.48	47.1%	645	36d	10.3%	7.5%	332,876 → 11,537 → 11,411 → 11,370 → 645 observed · qualified · market · attempts · fills· 655 band rejects	5.6%	10.0%	$1,465	97.0×
research no holdout	THT_PRES_PROG_U2_P100 tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	26.5%	8.2%	—	—	27.6%	—	0.30	0.48	0.72	1.51	0.19	0.92	62.1%	227	125d	16.6%	18.0%	160,690 → 12,492 → 12,492 → 12,538 → 227 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$342	15.5×
research no holdout	THT_REV_X2 tht_revised_stage_x_dev_2016_2022_v2	development_2016_2022	76.7%	8.5%	—	—	29.1%	—	0.29	0.55	0.75	1.42	0.29	3.07	31.7%	366	61d	28.7%	7.4%	302,663 → 18,581 → 18,450 → 18,413 → 366 observed · qualified · market · attempts · fills· 883 band rejects	2.0%	15.0%	$1,029	76.8×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT_FILL equity_curve_tht_entry_semantics_development	development	25.2%	5.8%	13.1%	-7.3%	20.0%	33.7%	0.29	0.44	0.72	1.67	0.45	3.34	33.3%	132	32d	42.2%	10.2%	186,103 → 9,665 → 6,179 → 6,144 → 132 observed · qualified · market · attempts · fills	1.4%	7.5%	$215	11.3×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT_FILL equity_curve_tht_entry_semantics_development	development	25.2%	5.8%	13.1%	-7.3%	20.0%	33.7%	0.29	0.44	0.72	1.67	0.45	3.34	33.3%	132	32d	42.2%	10.2%	186,103 → 9,665 → 6,179 → 6,144 → 132 observed · qualified · market · attempts · fills	1.4%	7.5%	$215	11.3×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_LIMIT equity_curve_tht_entry_semantics_development	development	25.2%	5.8%	13.1%	-7.3%	20.0%	33.7%	0.29	0.44	0.72	1.67	0.45	3.34	33.3%	132	32d	42.2%	10.2%	186,103 → 9,665 → 6,179 → 6,144 → 132 observed · qualified · market · attempts · fills	1.4%	7.5%	$215	11.3×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_LIMIT equity_curve_tht_entry_semantics_development	development	25.2%	5.8%	13.1%	-7.3%	20.0%	33.7%	0.29	0.44	0.72	1.67	0.45	3.34	33.3%	132	32d	42.2%	10.2%	186,103 → 9,665 → 6,179 → 6,144 → 132 observed · qualified · market · attempts · fills	1.4%	7.5%	$215	11.3×
research no holdout	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_presample	presample	103.7%	8.2%	-5.3%	13.5%	28.4%	19.3%	0.29	0.63	0.91	1.42	0.24	2.02	41.2%	413	43d	17.5%	48.2%	315,869 → 6,119 → 4,232 → 4,226 → 413 observed · qualified · market · attempts · fills	6.7%	10.0%	$1,450	103.7×
research no holdout	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_presample_v2	presample	103.7%	8.2%	-5.3%	13.5%	28.4%	19.3%	0.29	0.63	0.91	1.42	0.24	2.02	41.2%	413	43d	17.5%	48.2%	315,869 → 6,119 → 4,232 → 4,226 → 413 observed · qualified · market · attempts · fills	6.7%	10.0%	$1,450	103.7×
research no holdout	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_presample_v3	presample	103.7%	8.2%	-5.3%	13.5%	28.4%	19.3%	0.29	0.63	0.91	1.42	0.24	2.02	41.2%	413	43d	17.5%	48.2%	315,869 → 6,119 → 4,232 → 4,226 → 413 observed · qualified · market · attempts · fills	6.7%	10.0%	$1,450	103.7×
research DD > 30% · no holdout	THT_S5_GRID_BX_C10_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	18.6%	8.9%	—	—	31.2%	—	0.29	0.44	0.65	1.49	0.16	1.05	56.7%	201	97d	21.8%	20.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,302	9.1×
research DD > 30% · no holdout	THT_S5_GRID_BX_C10_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	18.6%	8.9%	—	—	31.2%	—	0.29	0.44	0.65	1.49	0.16	1.05	56.7%	201	97d	21.8%	20.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,302	9.1×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R100_C25 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	68.6%	7.8%	—	—	27.6%	—	0.28	0.55	0.80	1.40	0.22	1.62	46.4%	358	65d	24.9%	9.9%	302,663 → 9,234 → 9,172 → 9,144 → 358 observed · qualified · market · attempts · fills· 204 band rejects	3.9%	25.0%	$1,058	65.3×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_RISK_050 equity_curve_tht_confirmed_risk_development	development	39.4%	8.7%	13.1%	-4.4%	30.9%	33.7%	0.28	0.44	0.74	1.74	0.52	4.05	30.1%	93	33d	50.5%	10.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,957	15.9×
research no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R100_C20 tht_revised_stage_p_dev_2016_2022	development_2016_2022_risk_sized	68.6%	7.8%	—	—	27.8%	—	0.28	0.55	0.80	1.41	0.22	1.59	47.1%	359	65d	24.6%	9.9%	302,663 → 9,234 → 9,172 → 9,144 → 359 observed · qualified · market · attempts · fills· 204 band rejects	3.9%	20.0%	$1,047	63.9×
research no holdout	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_presample	presample	78.9%	6.7%	-5.3%	12.0%	24.0%	19.3%	0.28	0.53	0.76	1.34	0.19	1.58	45.9%	477	38d	14.9%	9.2%	315,869 → 6,119 → 4,232 → 4,226 → 477 observed · qualified · market · attempts · fills	7.8%	10.0%	$1,596	107.9×
research no holdout	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_presample_v2	presample	78.9%	6.7%	-5.3%	12.0%	24.0%	19.3%	0.28	0.53	0.76	1.34	0.19	1.58	45.9%	477	38d	14.9%	9.2%	315,869 → 6,119 → 4,232 → 4,226 → 477 observed · qualified · market · attempts · fills	7.8%	10.0%	$1,596	107.9×
research no holdout	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_presample_v3	presample	78.9%	6.7%	-5.3%	12.0%	24.0%	19.3%	0.28	0.53	0.76	1.34	0.19	1.58	45.9%	477	38d	14.9%	9.2%	315,869 → 6,119 → 4,232 → 4,226 → 477 observed · qualified · market · attempts · fills	7.8%	10.0%	$1,596	107.9×
research no holdout	THT_S5_GRID_BX_C10_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	16.8%	8.1%	—	—	29.3%	—	0.28	0.42	0.60	1.38	0.02	0.73	59.3%	216	101d	21.0%	28.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,346	9.7×
research no holdout	THT_S5_GRID_BX_C10_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	16.8%	8.1%	—	—	29.3%	—	0.28	0.42	0.60	1.38	0.02	0.73	59.3%	216	101d	21.0%	28.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,346	9.7×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R125_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	72.7%	8.1%	13.6%	-5.5%	29.5%	33.7%	0.28	0.49	0.75	1.24	0.14	1.69	42.3%	676	31d	15.9%	8.7%	332,876 → 20,541 → 20,350 → 20,300 → 676 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	15.0%	$1,743	124.4×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_BASE equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	51.6%	6.1%	13.6%	-7.5%	22.5%	33.7%	0.27	0.47	0.64	1.30	0.18	1.89	40.7%	631	38d	13.7%	7.3%	332,876 → 15,269 → 15,109 → 15,075 → 631 observed · qualified · market · attempts · fills· 830 band rejects	4.1%	10.0%	$1,308	86.6×
research no holdout · CAGR ≤ SPY	THT_ENTRY_LOWER_HALF equity_curve_tht_entry_semantics_development	development	28.5%	6.5%	13.1%	-6.6%	23.8%	33.7%	0.27	0.48	0.76	1.65	0.45	3.66	31.1%	132	30d	46.3%	10.8%	186,103 → 4,945 → 3,147 → 3,130 → 132 observed · qualified · market · attempts · fills	2.7%	7.4%	$220	11.8×
research no holdout · CAGR ≤ SPY	THT_ENTRY_LOWER_HALF equity_curve_tht_entry_semantics_development	development	28.5%	6.5%	13.1%	-6.6%	23.8%	33.7%	0.27	0.48	0.76	1.65	0.45	3.66	31.1%	132	30d	46.3%	10.8%	186,103 → 4,945 → 3,147 → 3,130 → 132 observed · qualified · market · attempts · fills	2.7%	7.4%	$220	11.8×
research no holdout	THT_REV_X5_G1 tht_revised_stage_g_dev_2016_2022	development_2016_2022	65.0%	7.4%	—	—	28.0%	—	0.26	0.55	0.80	1.44	0.28	2.49	36.7%	371	61d	21.4%	7.0%	302,663 → 9,234 → 9,172 → 9,144 → 371 observed · qualified · market · attempts · fills· 150 band rejects	4.0%	15.0%	$1,097	69.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R150_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	84.3%	9.1%	13.6%	-4.5%	34.5%	33.7%	0.26	0.55	0.80	1.28	0.16	1.76	42.0%	631	34d	16.7%	9.3%	332,876 → 20,541 → 20,350 → 20,299 → 631 observed · qualified · market · attempts · fills· 1,096 band rejects	3.1%	15.0%	$1,581	111.4×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_R150_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	54.8%	6.4%	13.6%	-7.2%	24.4%	33.7%	0.26	0.49	0.67	1.29	0.16	1.63	44.1%	560	32d	10.5%	6.9%	332,876 → 15,269 → 15,109 → 15,066 → 560 observed · qualified · market · attempts · fills· 830 band rejects	3.7%	25.0%	$1,453	102.3×
research no holdout	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_presample	presample	60.5%	5.4%	-5.3%	10.7%	20.5%	19.3%	0.26	0.46	0.66	1.28	0.16	1.65	43.7%	462	37d	14.4%	9.0%	315,869 → 6,119 → 4,232 → 4,226 → 462 observed · qualified · market · attempts · fills	7.6%	10.0%	$1,551	99.2×
research no holdout	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_presample_v2	presample	60.5%	5.4%	-5.3%	10.7%	20.5%	19.3%	0.26	0.46	0.66	1.28	0.16	1.65	43.7%	462	37d	14.4%	9.0%	315,869 → 6,119 → 4,232 → 4,226 → 462 observed · qualified · market · attempts · fills	7.6%	10.0%	$1,551	99.2×
research no holdout	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_presample_v3	presample	60.5%	5.4%	-5.3%	10.7%	20.5%	19.3%	0.26	0.46	0.66	1.28	0.16	1.65	43.7%	462	37d	14.4%	9.0%	315,869 → 6,119 → 4,232 → 4,226 → 462 observed · qualified · market · attempts · fills	7.6%	10.0%	$1,551	99.2×
research no holdout	THT_PRES_PROG_U1_P50 tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	22.4%	7.0%	—	—	26.6%	—	0.26	0.46	0.67	1.54	0.20	0.89	63.5%	326	117d	12.5%	14.4%	160,690 → 9,068 → 9,068 → 9,104 → 326 observed · qualified · market · attempts · fills· 0 band rejects	3.6%	10.0%	$436	16.5×
research no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R100_C15 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	64.4%	7.4%	13.6%	-6.2%	28.4%	33.7%	0.26	0.48	0.69	1.22	0.13	1.72	41.5%	711	32d	16.3%	8.4%	332,876 → 20,541 → 20,350 → 20,297 → 711 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	15.0%	$1,704	119.3×
research DD > 30% · no holdout	THT_REV_X3 tht_revised_stage_x_dev_2016_2022_v3	development_2016_2022_risk_sized	75.6%	8.4%	—	—	32.5%	—	0.26	0.55	0.78	1.36	0.24	2.68	33.7%	475	54d	28.2%	7.5%	302,663 → 18,581 → 18,450 → 18,413 → 475 observed · qualified · market · attempts · fills· 954 band rejects	2.6%	15.0%	$1,421	93.3×
research DD > 30% · no holdout	THT_REV_X3_G0 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	75.6%	8.4%	—	—	32.5%	—	0.26	0.55	0.78	1.36	0.24	2.68	33.7%	475	54d	28.2%	7.5%	302,663 → 18,581 → 18,450 → 18,413 → 475 observed · qualified · market · attempts · fills· 954 band rejects	2.6%	15.0%	$1,421	93.3×
research no holdout	THT_PRES_RANK_U1_RECOVERY tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	20.8%	6.5%	—	—	25.3%	—	0.26	0.43	0.63	1.50	0.18	0.82	64.5%	214	129d	14.2%	16.4%	160,690 → 9,068 → 9,068 → 8,998 → 214 observed · qualified · market · attempts · fills· 0 band rejects	2.4%	10.0%	$319	14.2×
research no holdout	THT_PRES_PROG_U1_P67 tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	23.2%	7.2%	—	—	28.1%	—	0.26	0.46	0.68	1.62	0.23	0.92	63.9%	288	121d	12.4%	13.5%	160,690 → 9,068 → 9,068 → 9,117 → 288 observed · qualified · market · attempts · fills· 0 band rejects	3.2%	10.0%	$392	15.7×
research no holdout	THT_REV_X5_G1_K2 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	65.3%	7.5%	—	—	29.1%	—	0.26	0.55	0.80	1.43	0.27	2.46	36.7%	406	67d	25.4%	8.2%	302,663 → 9,234 → 9,172 → 9,144 → 406 observed · qualified · market · attempts · fills· 204 band rejects	4.4%	15.0%	$1,082	65.5×
research no holdout	THT_RECYCLE_R075_D42_N2_EXIT equity_curve_tht_wide_presample	presample	63.7%	5.6%	-5.3%	10.9%	22.1%	19.3%	0.26	0.48	0.68	1.29	0.17	1.75	42.5%	468	37d	15.5%	10.0%	315,869 → 6,119 → 4,232 → 4,226 → 468 observed · qualified · market · attempts · fills	7.6%	10.0%	$1,545	98.1×
research DD > 30% · no holdout	THT_S5_GRID_BX_C15_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	17.5%	8.4%	—	—	33.3%	—	0.25	0.42	0.61	1.41	0.08	0.85	58.3%	204	100d	21.1%	24.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,368	9.7×
research DD > 30% · no holdout	THT_S5_GRID_BX_C15_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	17.5%	8.4%	—	—	33.3%	—	0.25	0.42	0.61	1.41	0.08	0.85	58.3%	204	100d	21.1%	24.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,368	9.7×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_FVB equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	78.7%	8.6%	13.6%	-5.0%	34.5%	33.7%	0.25	0.57	0.81	1.31	0.18	1.79	42.2%	663	38d	19.9%	9.7%	332,876 → 20,541 → 20,350 → 20,298 → 663 observed · qualified · market · attempts · fills· 1,095 band rejects	3.2%	10.0%	$1,464	99.6×
research DD > 30% · no holdout	THT_PRES_AR_U2_R21_2 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	77.5%	9.4%	—	—	37.6%	—	0.25	0.50	0.70	1.67	0.23	0.90	65.0%	392	122d	18.4%	16.4%	281,221 → 19,903 → 19,903 → 19,852 → 392 observed · qualified · market · attempts · fills· 0 band rejects	2.0%	10.0%	$666	34.3×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E3_PA equity_curve_tht_market_development	development	30.0%	6.8%	13.1%	-6.3%	27.3%	33.7%	0.25	0.41	0.64	1.34	0.24	3.18	29.7%	249	24d	27.3%	8.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,809	31.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_management	full_2019_2025	159.2%	14.6%	17.2%	-2.6%	58.7%	33.7%	0.25	0.56	0.85	1.65	0.14	0.89	60.2%	342	140d	35.9%	40.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,909	44.1×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C15_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	12.3%	6.0%	—	—	24.6%	—	0.24	0.36	0.50	1.27	-0.11	0.49	59.6%	136	104d	21.3%	43.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,223	9.4×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C15_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	12.3%	6.0%	—	—	24.6%	—	0.24	0.36	0.50	1.27	-0.11	0.49	59.6%	136	104d	21.3%	43.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,223	9.4×
research no holdout · CAGR ≤ SPY	THT_RISK_025 equity_curve_tht_confirmed_risk_development	development	19.1%	4.5%	13.1%	-8.6%	18.3%	33.7%	0.24	0.37	0.60	1.80	0.56	4.17	30.1%	93	33d	50.5%	10.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	7.0%	$908	7.2×
research no holdout · CAGR ≤ SPY	THT_RR_NONE equity_curve_tht_confirmed_rr_development	development	19.1%	4.5%	13.1%	-8.6%	18.3%	33.7%	0.24	0.37	0.60	1.80	0.56	4.17	30.1%	93	33d	50.5%	10.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	7.0%	$908	7.2×
research no holdout · CAGR ≤ SPY	THT_RR_NONE equity_curve_tht_funnel_development	development	19.1%	4.5%	13.1%	-8.6%	18.3%	33.7%	0.24	0.37	0.60	1.80	0.56	4.17	30.1%	93	33d	50.5%	10.6%	186,103 → 12,008 → 7,701 → 134 → 93 observed · qualified · market · attempts · fills	0.8%	7.0%	$908	7.2×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E3 equity_curve_tht_market_development	development	29.1%	6.6%	13.1%	-6.5%	27.7%	33.7%	0.24	0.40	0.63	1.33	0.23	3.17	29.6%	250	24d	27.2%	8.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,818	31.1×
research no holdout · CAGR ≤ SPY	THT_MC_SPY_BX equity_curve_tht_market_development	development	29.1%	6.6%	13.1%	-6.5%	27.7%	33.7%	0.24	0.40	0.63	1.33	0.23	3.17	29.6%	250	24d	27.2%	8.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,818	31.1×
research DD > 30% · no holdout	THT_REV_X2 tht_revised_stage_x_dev_2016_2022_v3	development_2016_2022_risk_sized	68.4%	7.7%	—	—	32.7%	—	0.24	0.50	0.70	1.35	0.25	3.23	29.4%	394	58d	31.8%	7.7%	302,663 → 18,581 → 18,450 → 18,413 → 394 observed · qualified · market · attempts · fills· 954 band rejects	2.1%	15.0%	$1,087	80.3×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R125_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	64.8%	7.4%	13.6%	-6.2%	31.4%	33.7%	0.24	0.48	0.69	1.24	0.14	1.75	41.5%	626	32d	15.9%	9.2%	332,876 → 20,541 → 20,350 → 20,300 → 626 observed · qualified · market · attempts · fills· 1,095 band rejects	3.0%	20.0%	$1,471	102.1×
research no holdout · CAGR ≤ SPY	THT_RR_R2_R3 equity_curve_tht_confirmed_rr_development	development	12.1%	2.9%	13.1%	-10.2%	12.3%	33.7%	0.23	0.39	0.61	1.63	0.41	3.11	34.4%	93	33d	32.4%	9.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	7.1%	$876	6.8×
research no holdout	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_presample	presample	67.0%	5.9%	-5.3%	11.1%	25.1%	19.3%	0.23	0.47	0.66	1.30	0.17	1.83	41.5%	434	43d	15.8%	9.2%	315,869 → 6,119 → 4,232 → 4,226 → 434 observed · qualified · market · attempts · fills	7.1%	10.0%	$1,407	98.5×
research no holdout	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_presample_v2	presample	67.0%	5.9%	-5.3%	11.1%	25.1%	19.3%	0.23	0.47	0.66	1.30	0.17	1.83	41.5%	434	43d	15.8%	9.2%	315,869 → 6,119 → 4,232 → 4,226 → 434 observed · qualified · market · attempts · fills	7.1%	10.0%	$1,407	98.5×
research no holdout	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_presample_v3	presample	67.0%	5.9%	-5.3%	11.1%	25.1%	19.3%	0.23	0.47	0.66	1.30	0.17	1.83	41.5%	434	43d	15.8%	9.2%	315,869 → 6,119 → 4,232 → 4,226 → 434 observed · qualified · market · attempts · fills	7.1%	10.0%	$1,407	98.5×
research no holdout · CAGR ≤ SPY	THT_RR_R1_R2 equity_curve_tht_confirmed_rr_development	development	11.4%	2.8%	13.1%	-10.3%	11.8%	33.7%	0.23	0.37	0.59	1.64	0.42	3.13	34.4%	93	33d	30.2%	8.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	6.5%	$877	6.7×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C20_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	11.7%	5.7%	—	—	24.6%	—	0.23	0.35	0.49	1.26	-0.17	0.38	60.0%	140	105d	20.2%	52.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.9%	$1,232	9.4×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C20_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	11.7%	5.7%	—	—	24.6%	—	0.23	0.35	0.49	1.26	-0.17	0.38	60.0%	140	105d	20.2%	52.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.9%	$1,232	9.4×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	11.7%	5.7%	—	—	24.6%	—	0.23	0.35	0.49	1.26	-0.17	0.38	60.0%	140	105d	20.2%	52.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.9%	$1,232	9.4×
research E(R) ≤ 0 · no holdout	THT_S5_GRID_BX_C25_H18 equity_curve_tht_sizing_fixed_050	validation_sizing	11.7%	5.7%	—	—	24.6%	—	0.23	0.35	0.49	1.26	-0.17	0.38	60.0%	140	105d	20.2%	52.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	19.9%	$1,232	9.4×
research no holdout	THT_REV_X3_G0_K2 tht_revised_stage_k_dev_2016_2022	development_2016_2022	52.9%	6.3%	—	—	27.1%	—	0.23	0.47	0.69	1.40	0.26	2.64	34.7%	453	59d	17.9%	6.1%	302,663 → 18,581 → 18,450 → 18,413 → 453 observed · qualified · market · attempts · fills· 883 band rejects	2.4%	15.0%	$1,154	71.0×
research DD > 30% · no holdout	THT_REV_X3_G1_K2 tht_revised_stage_k_dev_2016_2022_v2	development_2016_2022_risk_sized	62.4%	7.2%	—	—	31.2%	—	0.23	0.52	0.76	1.39	0.25	2.37	37.0%	421	65d	25.4%	7.9%	302,663 → 9,234 → 9,172 → 9,144 → 421 observed · qualified · market · attempts · fills· 204 band rejects	4.6%	15.0%	$1,113	68.2×
research DD > 30% · no holdout	THT_REV_X1 tht_revised_stage_x_dev_2016_2022	development_2016_2022	65.3%	7.5%	—	—	32.6%	—	0.23	0.48	0.68	1.34	0.24	3.18	29.7%	421	62d	32.9%	7.4%	302,663 → 18,581 → 18,450 → 18,413 → 421 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,203	77.1×
research DD > 30% · no holdout	THT_REV_X5_G1_K1 tht_revised_stage_k_dev_2016_2022	development_2016_2022	70.6%	7.9%	—	—	34.7%	—	0.23	0.54	0.79	1.34	0.18	1.61	45.4%	295	74d	26.0%	11.1%	302,663 → 9,234 → 9,172 → 9,144 → 295 observed · qualified · market · attempts · fills· 150 band rejects	3.2%	15.0%	$1,068	68.5×
research no holdout	THT_REV_X3_G1_K3_U3_D2 tht_revised_stage_d_dev_2016_2022	development_2016_2022_risk_sized	36.4%	4.5%	—	—	20.0%	—	0.23	0.45	0.62	1.32	0.17	1.58	45.5%	369	65d	18.2%	9.5%	302,663 → 9,234 → 9,172 → 9,144 → 369 observed · qualified · market · attempts · fills· 204 band rejects	4.0%	15.0%	$913	49.1×
research DD > 30% · no holdout	THT_PRES_U1_R3_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	62.0%	7.8%	—	—	34.4%	—	0.23	0.46	0.64	1.61	0.20	0.79	67.2%	348	135d	17.5%	19.4%	281,221 → 15,087 → 15,087 → 15,050 → 348 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$585	29.0×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_RS equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	47.4%	5.7%	13.6%	-7.9%	25.2%	33.7%	0.23	0.49	0.68	1.25	0.13	1.44	46.5%	673	32d	11.7%	7.7%	332,876 → 15,269 → 15,109 → 15,063 → 673 observed · qualified · market · attempts · fills· 830 band rejects	4.4%	10.0%	$1,455	94.4×
research DD > 30% · no holdout	THT_REV_X1 tht_revised_stage_x_dev_2016_2022_v2	development_2016_2022	62.6%	7.2%	—	—	32.0%	—	0.22	0.47	0.66	1.34	0.24	3.28	29.0%	421	61d	33.7%	7.5%	302,663 → 18,581 → 18,450 → 18,413 → 421 observed · qualified · market · attempts · fills· 883 band rejects	2.3%	15.0%	$1,189	76.1×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_BLEND equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	65.7%	7.5%	13.6%	-6.1%	34.1%	33.7%	0.22	0.51	0.74	1.23	0.13	1.69	42.1%	738	33d	18.5%	10.0%	332,876 → 20,541 → 20,350 → 20,304 → 738 observed · qualified · market · attempts · fills· 1,096 band rejects	3.6%	10.0%	$1,607	108.6×
research no holdout	THT_RECYCLE_R100_D42_N3_EXIT equity_curve_tht_wide_presample	presample	57.9%	5.2%	-5.3%	10.5%	24.3%	19.3%	0.21	0.44	0.63	1.28	0.16	1.76	42.0%	450	35d	13.6%	12.9%	315,869 → 6,119 → 4,232 → 4,226 → 450 observed · qualified · market · attempts · fills	7.4%	10.0%	$1,539	100.8×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_BX equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	71.1%	8.0%	13.6%	-5.6%	37.3%	33.7%	0.21	0.52	0.74	1.24	0.14	1.75	41.4%	719	33d	19.4%	9.8%	332,876 → 20,541 → 20,350 → 20,304 → 719 observed · qualified · market · attempts · fills· 1,096 band rejects	3.5%	10.0%	$1,622	111.5×
research DD > 30% · no holdout	THT_REV_X3_G0_K1 tht_revised_stage_k_dev_2016_2022	development_2016_2022	58.6%	6.8%	—	—	32.1%	—	0.21	0.44	0.64	1.26	0.13	1.40	47.3%	340	69d	23.0%	12.3%	302,663 → 18,581 → 18,450 → 18,413 → 340 observed · qualified · market · attempts · fills· 883 band rejects	1.8%	15.0%	$1,087	66.5×
research no holdout	THT_RECYCLE_R075_D42_N3_EXIT equity_curve_tht_wide_presample	presample	55.5%	5.0%	-5.3%	10.3%	23.8%	19.3%	0.21	0.43	0.62	1.26	0.15	1.71	42.4%	479	35d	14.3%	14.4%	315,869 → 6,119 → 4,232 → 4,226 → 479 observed · qualified · market · attempts · fills	7.8%	10.0%	$1,564	98.5×
research DD > 30% · no holdout	THT_PRES_U1_R1_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	55.7%	7.1%	—	—	34.1%	—	0.21	0.43	0.60	1.55	0.17	0.69	69.2%	341	138d	16.9%	21.3%	281,221 → 15,087 → 15,087 → 15,050 → 341 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	9.7%	$566	27.8×
research DD > 30% · no holdout	THT_PRES_U1_R2_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	55.7%	7.1%	—	—	34.1%	—	0.21	0.43	0.60	1.55	0.17	0.69	69.2%	341	138d	16.9%	21.3%	281,221 → 15,087 → 15,087 → 15,050 → 341 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	9.7%	$566	27.8×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E1_PA equity_curve_tht_market_development	development	17.2%	4.1%	13.1%	-9.0%	19.4%	33.7%	0.21	0.31	0.50	1.48	0.34	3.75	28.3%	92	27d	39.5%	10.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,298	10.3×
research no holdout · CAGR ≤ SPY	THT_CF_IMMEDIATE equity_curve_tht_confirmed_lower_development	development	17.1%	4.0%	13.1%	-9.0%	19.4%	33.7%	0.21	0.31	0.49	1.47	0.34	3.79	28.0%	93	27d	39.4%	10.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,299	10.3×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E1 equity_curve_tht_market_development	development	17.1%	4.0%	13.1%	-9.0%	19.4%	33.7%	0.21	0.31	0.49	1.47	0.34	3.79	28.0%	93	27d	39.4%	10.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,299	10.3×
research no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_ARM_FV_RS equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	43.9%	5.3%	13.6%	-8.3%	26.2%	33.7%	0.20	0.46	0.63	1.23	0.13	1.51	44.9%	672	32d	12.3%	7.6%	332,876 → 15,269 → 15,109 → 15,063 → 672 observed · qualified · market · attempts · fills· 830 band rejects	4.4%	10.0%	$1,394	92.3×
research no holdout · CAGR ≤ SPY	THT_ENTRY_NEAR_CONTROL equity_curve_tht_entry_semantics_development	development	18.6%	4.4%	13.1%	-8.7%	21.6%	33.7%	0.20	0.36	0.56	1.55	0.37	3.10	33.3%	132	33d	37.8%	10.4%	186,103 → 12,008 → 7,701 → 7,662 → 132 observed · qualified · market · attempts · fills	1.1%	7.5%	$203	10.4×
research no holdout · CAGR ≤ SPY	THT_ENTRY_NEAR_CONTROL equity_curve_tht_entry_semantics_development	development	18.6%	4.4%	13.1%	-8.7%	21.6%	33.7%	0.20	0.36	0.56	1.55	0.37	3.10	33.3%	132	33d	37.8%	10.4%	186,103 → 12,008 → 7,701 → 7,662 → 132 observed · qualified · market · attempts · fills	1.1%	7.5%	$203	10.4×
research DD > 30% · no holdout	THT_PRES_AR_U2_R42_1 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	65.3%	8.2%	—	—	40.6%	—	0.20	0.45	0.62	1.51	0.17	0.73	67.3%	367	132d	18.6%	20.4%	281,221 → 19,903 → 19,903 → 19,852 → 367 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$630	32.1×
research no holdout	THT_REV_X3_G1 tht_revised_stage_g_dev_2016_2022	development_2016_2022	49.2%	5.9%	—	—	29.4%	—	0.20	0.46	0.66	1.34	0.22	2.44	35.4%	395	55d	19.4%	7.0%	302,663 → 9,234 → 9,172 → 9,144 → 395 observed · qualified · market · attempts · fills· 150 band rejects	4.3%	15.0%	$1,097	69.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R100_C25 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	61.8%	7.1%	13.6%	-6.5%	35.6%	33.7%	0.20	0.46	0.66	1.22	0.13	1.72	41.5%	677	33d	15.5%	8.4%	332,876 → 20,541 → 20,350 → 20,299 → 677 observed · qualified · market · attempts · fills· 1,096 band rejects	3.3%	25.0%	$1,629	114.2×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT_FILL equity_curve_tht_entry_semantics_validation	validation	1.9%	0.9%	25.9%	-25.0%	4.7%	10.0%	0.20	0.23	0.34	1.19	0.12	2.01	37.2%	43	34d	20.4%	10.1%	106,406 → 6,033 → 3,164 → 3,164 → 43 observed · qualified · market · attempts · fills	0.7%	7.1%	$66	3.1×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT_FILL equity_curve_tht_entry_semantics_validation	validation	1.9%	0.9%	25.9%	-25.0%	4.7%	10.0%	0.20	0.23	0.34	1.19	0.12	2.01	37.2%	43	34d	20.4%	10.1%	106,406 → 6,033 → 3,164 → 3,164 → 43 observed · qualified · market · attempts · fills	0.7%	7.1%	$66	3.1×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_LIMIT equity_curve_tht_entry_semantics_validation	validation	1.9%	0.9%	25.9%	-25.0%	4.7%	10.0%	0.20	0.23	0.34	1.19	0.12	2.01	37.2%	43	34d	20.4%	10.1%	106,406 → 6,033 → 3,164 → 3,164 → 43 observed · qualified · market · attempts · fills	0.7%	7.1%	$66	3.1×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_LIMIT equity_curve_tht_entry_semantics_validation	validation	1.9%	0.9%	25.9%	-25.0%	4.7%	10.0%	0.20	0.23	0.34	1.19	0.12	2.01	37.2%	43	34d	20.4%	10.1%	106,406 → 6,033 → 3,164 → 3,164 → 43 observed · qualified · market · attempts · fills	0.7%	7.1%	$66	3.1×
research DD > 30% · no holdout	THT_REV_X5_G2 tht_revised_stage_g_dev_2016_2022	development_2016_2022	51.6%	6.1%	—	—	31.1%	—	0.20	0.50	0.69	1.32	0.20	2.19	37.5%	357	58d	16.4%	7.0%	302,663 → 10,233 → 10,232 → 10,219 → 357 observed · qualified · market · attempts · fills· 357 band rejects	3.5%	15.0%	$1,119	73.0×
research no holdout	THT_REV_X3_G1 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	47.8%	5.8%	—	—	29.8%	—	0.19	0.45	0.65	1.33	0.21	2.39	35.8%	391	55d	19.2%	7.0%	302,663 → 9,234 → 9,172 → 9,144 → 391 observed · qualified · market · attempts · fills· 150 band rejects	4.2%	15.0%	$1,083	67.9×
research no holdout	THT_PRES_PROG_U2_P67 tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	18.3%	5.8%	—	—	29.9%	—	0.19	0.37	0.54	1.39	0.15	0.84	62.4%	287	117d	14.2%	15.7%	160,690 → 12,492 → 12,492 → 12,540 → 287 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$388	15.8×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_ARM_FV_RS_R150_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	57.5%	6.7%	13.6%	-6.9%	34.9%	33.7%	0.19	0.45	0.63	1.22	0.13	1.81	40.3%	564	32d	14.8%	9.0%	332,876 → 20,541 → 20,350 → 20,303 → 564 observed · qualified · market · attempts · fills· 1,096 band rejects	2.7%	20.0%	$1,421	101.3×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	53.6%	5.5%	14.1%	-8.6%	28.8%	33.7%	0.19	0.47	0.64	1.31	0.19	2.06	39.0%	590	41d	12.1%	7.0%	331,536 → 7,402 → 7,327 → 7,321 → 590 observed · qualified · market · attempts · fills· 1,494 band rejects	8.0%	10.0%	$1,253	84.0×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	53.6%	5.5%	14.1%	-8.6%	28.8%	33.7%	0.19	0.47	0.64	1.31	0.19	2.06	39.0%	590	41d	12.1%	7.0%	331,536 → 7,402 → 7,327 → 7,321 → 590 observed · qualified · market · attempts · fills· 1,494 band rejects	8.0%	10.0%	$1,253	84.0×
research DD > 30% · no holdout	THT_REV_X0 tht_revised_stage_x_dev_2016_2022	development_2016_2022	85.7%	9.3%	—	—	48.8%	—	0.19	0.47	0.68	1.72	0.53	4.77	26.5%	245	95d	61.1%	7.7%	302,663 → 18,581 → 18,450 → 18,413 → 245 observed · qualified · market · attempts · fills· 883 band rejects	1.3%	15.0%	$624	45.0×
research DD > 30% · no holdout	THT_REV_X0 tht_revised_stage_x_dev_2016_2022_v2	development_2016_2022	85.7%	9.3%	—	—	48.8%	—	0.19	0.47	0.68	1.72	0.53	4.77	26.5%	245	95d	61.1%	7.7%	302,663 → 18,581 → 18,450 → 18,413 → 245 observed · qualified · market · attempts · fills· 883 band rejects	1.3%	15.0%	$624	45.0×
research DD > 30% · no holdout	THT_PRES_AR_U2_R42_2 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	58.0%	7.4%	—	—	39.9%	—	0.19	0.42	0.58	1.43	0.15	0.81	63.8%	376	126d	19.9%	19.7%	281,221 → 19,903 → 19,903 → 19,852 → 376 observed · qualified · market · attempts · fills· 0 band rejects	1.9%	10.0%	$637	32.1×
research no holdout · CAGR ≤ SPY	THT_RANK_TICKER_SECTOR_BX equity_curve_tht_ranking_development	development	9.2%	2.2%	13.1%	-10.9%	12.1%	33.7%	0.18	0.37	0.53	1.32	0.19	1.94	40.5%	131	39d	28.3%	12.8%	186,103 → 4,720 → 3,032 → 3,014 → 131 observed · qualified · market · attempts · fills	2.8%	7.3%	$181	8.9×
research no holdout · CAGR ≤ SPY	THT_RANK_TICKER_SECTOR_BX equity_curve_tht_ranking_development	development	9.2%	2.2%	13.1%	-10.9%	12.1%	33.7%	0.18	0.37	0.53	1.32	0.19	1.94	40.5%	131	39d	28.3%	12.8%	186,103 → 4,720 → 3,032 → 3,014 → 131 observed · qualified · market · attempts · fills	2.8%	7.3%	$181	8.9×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_GRID_BX_C20_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	13.0%	6.3%	—	—	34.8%	—	0.18	0.36	0.51	1.29	-0.04	0.66	57.6%	198	100d	21.5%	32.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,358	9.5×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_GRID_BX_C20_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	13.0%	6.3%	—	—	34.8%	—	0.18	0.36	0.51	1.29	-0.04	0.66	57.6%	198	100d	21.5%	32.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,358	9.5×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_BX_E5_PA equity_curve_tht_market_development	development	27.8%	6.3%	13.1%	-6.8%	35.3%	33.7%	0.18	0.38	0.57	1.25	0.18	3.13	28.5%	298	25d	28.3%	8.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,891	38.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_R100_C20 equity_curve_tht_uncapped_risk_cap_dev_2018_2024	development_2018_2024	45.6%	5.5%	13.6%	-8.1%	31.1%	33.7%	0.18	0.39	0.55	1.17	0.10	1.66	41.4%	701	31d	14.9%	8.5%	332,876 → 20,541 → 20,350 → 20,300 → 701 observed · qualified · market · attempts · fills· 1,096 band rejects	3.4%	20.0%	$1,623	112.0×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_development	development	43.9%	9.5%	13.1%	-3.5%	54.2%	33.7%	0.18	0.43	0.63	0.94	-0.02	0.59	61.4%	207	136d	29.2%	49.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,970	24.0×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_development	development	43.9%	9.5%	13.1%	-3.5%	54.2%	33.7%	0.18	0.43	0.63	1.27	-0.02	0.59	61.4%	207	136d	29.2%	49.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,970	24.0×
research DD > 30% · no holdout	THT_PRES_AR_U2_R21_1 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	56.9%	7.3%	—	—	42.0%	—	0.17	0.42	0.58	1.49	0.17	0.80	65.0%	369	133d	17.6%	18.6%	281,221 → 19,903 → 19,903 → 19,852 → 369 observed · qualified · market · attempts · fills· 0 band rejects	1.9%	10.0%	$613	30.8×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_ARM_FV_FVB equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	50.4%	6.0%	13.6%	-7.6%	34.8%	33.7%	0.17	0.47	0.65	1.25	0.14	1.62	43.5%	650	37d	13.9%	8.5%	332,876 → 15,269 → 15,109 → 15,066 → 650 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,335	88.0×
research DD > 30% · no holdout	THT_REV_X5_G2 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	45.7%	5.5%	—	—	32.2%	—	0.17	0.46	0.63	1.27	0.18	2.26	36.1%	363	57d	16.5%	6.9%	302,663 → 10,233 → 10,232 → 10,219 → 363 observed · qualified · market · attempts · fills· 357 band rejects	3.5%	15.0%	$1,119	72.8×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	29.0%	3.7%	13.6%	-9.9%	21.6%	33.7%	0.17	0.35	0.48	1.21	0.12	1.61	42.9%	436	40d	13.4%	8.0%	290,259 → 2,449 → 2,421 → 2,420 → 436 observed · qualified · market · attempts · fills· 750 band rejects	17.8%	10.0%	$927	62.2×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	29.0%	3.7%	13.6%	-9.9%	21.6%	33.7%	0.17	0.35	0.48	1.21	0.12	1.61	42.9%	436	40d	13.4%	8.0%	290,259 → 2,449 → 2,421 → 2,420 → 436 observed · qualified · market · attempts · fills· 750 band rejects	17.8%	10.0%	$927	62.2×
research DD > 30% · no holdout	THT_REV_X4 tht_revised_stage_x_dev_2016_2022_v3	development_2016_2022_risk_sized	45.9%	5.5%	—	—	32.4%	—	0.17	0.41	0.57	1.25	0.17	2.60	32.5%	431	59d	25.5%	7.8%	302,663 → 18,581 → 18,450 → 18,413 → 431 observed · qualified · market · attempts · fills· 954 band rejects	2.3%	15.0%	$1,224	79.4×
research DD > 30% · no holdout	THT_PRES_U2_R1_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	50.8%	6.6%	—	—	39.2%	—	0.17	0.39	0.54	1.45	0.15	0.73	66.6%	335	139d	18.6%	20.0%	281,221 → 19,903 → 19,903 → 19,852 → 335 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$560	28.1×
research DD > 30% · no holdout	THT_PRES_U2_R2_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	50.8%	6.6%	—	—	39.2%	—	0.17	0.39	0.54	1.45	0.15	0.73	66.6%	335	139d	18.6%	20.0%	281,221 → 19,903 → 19,903 → 19,852 → 335 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$560	28.1×
research DD > 30% · no holdout	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_presample	presample	73.3%	6.3%	-5.3%	11.6%	37.3%	19.3%	0.17	0.43	0.61	1.18	0.11	1.63	42.0%	735	37d	14.6%	9.4%	315,869 → 6,119 → 6,001 → 5,995 → 735 observed · qualified · market · attempts · fills	12.0%	10.0%	$2,525	176.7×
research DD > 30% · no holdout	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_presample_v2	presample	73.3%	6.3%	-5.3%	11.6%	37.3%	19.3%	0.17	0.43	0.61	1.18	0.11	1.63	42.0%	735	37d	14.6%	9.4%	315,869 → 6,119 → 6,001 → 5,995 → 735 observed · qualified · market · attempts · fills	12.0%	10.0%	$2,525	176.7×
research DD > 30% · no holdout	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_presample_v3	presample	73.3%	6.3%	-5.3%	11.6%	37.3%	19.3%	0.17	0.43	0.61	1.18	0.11	1.63	42.0%	735	37d	14.6%	9.4%	315,869 → 6,119 → 6,001 → 5,995 → 735 observed · qualified · market · attempts · fills	12.0%	10.0%	$2,525	176.7×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT equity_curve_tht_entry_semantics_development	development	15.8%	3.7%	13.1%	-9.3%	22.3%	33.7%	0.17	0.32	0.51	1.44	0.31	3.36	30.1%	133	30d	40.7%	9.7%	186,103 → 9,665 → 6,179 → 6,144 → 133 observed · qualified · market · attempts · fills	1.4%	7.3%	$208	10.6×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT equity_curve_tht_entry_semantics_development	development	15.8%	3.7%	13.1%	-9.3%	22.3%	33.7%	0.17	0.32	0.51	1.44	0.31	3.36	30.1%	133	30d	40.7%	9.7%	186,103 → 9,665 → 6,179 → 6,144 → 133 observed · qualified · market · attempts · fills	1.4%	7.3%	$208	10.6×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_LIQ_ATH_FULL_FV_FVB equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	47.5%	5.7%	13.6%	-7.9%	34.3%	33.7%	0.17	0.41	0.58	1.17	0.10	1.75	40.1%	750	32d	18.6%	9.7%	332,876 → 20,541 → 20,350 → 20,302 → 750 observed · qualified · market · attempts · fills· 1,096 band rejects	3.7%	10.0%	$1,564	103.6×
research DD > 30% · no holdout	THT_S5_GRID_BX_C15_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	10.2%	5.0%	—	—	30.2%	—	0.17	0.32	0.45	1.22	0.04	0.80	57.9%	209	104d	20.9%	26.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,343	9.7×
research DD > 30% · no holdout	THT_S5_GRID_BX_C15_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	10.2%	5.0%	—	—	30.2%	—	0.17	0.32	0.45	1.22	0.04	0.80	57.9%	209	104d	20.9%	26.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$1,343	9.7×
research no holdout · CAGR ≤ SPY	THT_TR_TOP200_ATH_TRIM50 equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	37.7%	4.7%	13.6%	-8.9%	28.5%	33.7%	0.16	0.44	0.60	1.23	0.12	1.34	47.9%	658	33d	8.7%	7.0%	332,876 → 5,828 → 5,755 → 5,713 → 658 observed · qualified · market · attempts · fills· 339 band rejects	11.3%	10.0%	$1,426	91.5×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_BX_E5 equity_curve_tht_market_development	development	25.9%	5.9%	13.1%	-7.2%	36.2%	33.7%	0.16	0.36	0.55	1.23	0.16	3.12	28.2%	301	25d	28.2%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,901	38.1×
research DD > 30% · no holdout	THT_PRES_PROG_U2_P100 tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	49.6%	5.9%	—	—	36.9%	—	0.16	0.37	0.51	1.45	0.16	0.78	65.0%	392	128d	15.7%	18.4%	302,663 → 19,903 → 19,903 → 20,106 → 392 observed · qualified · market · attempts · fills· 0 band rejects	2.0%	10.0%	$645	31.6×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	37.2%	4.6%	13.6%	-9.0%	28.8%	33.7%	0.16	0.40	0.55	1.25	0.15	1.96	38.9%	511	41d	11.7%	7.0%	290,259 → 6,435 → 6,360 → 6,355 → 511 observed · qualified · market · attempts · fills· 1,319 band rejects	7.9%	10.0%	$1,084	72.7×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	37.2%	4.6%	13.6%	-9.0%	28.8%	33.7%	0.16	0.40	0.55	1.25	0.15	1.96	38.9%	511	41d	11.7%	7.0%	290,259 → 6,435 → 6,360 → 6,355 → 511 observed · qualified · market · attempts · fills· 1,319 band rejects	7.9%	10.0%	$1,084	72.7×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_SWEEP_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	37.2%	4.6%	13.6%	-9.0%	28.8%	33.7%	0.16	0.40	0.55	1.25	0.15	1.96	38.9%	511	41d	11.7%	7.0%	290,259 → 6,435 → 6,360 → 6,355 → 511 observed · qualified · market · attempts · fills· 1,319 band rejects	7.9%	10.0%	$1,084	72.7×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_SWEEP_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	37.2%	4.6%	13.6%	-9.0%	28.8%	33.7%	0.16	0.40	0.55	1.25	0.15	1.96	38.9%	511	41d	11.7%	7.0%	290,259 → 6,435 → 6,360 → 6,355 → 511 observed · qualified · market · attempts · fills· 1,319 band rejects	7.9%	10.0%	$1,084	72.7×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U2_ALL tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	49.8%	6.5%	—	—	40.5%	—	0.16	0.38	0.54	1.41	0.13	0.65	68.6%	350	140d	17.3%	20.9%	281,221 → 19,903 → 19,903 → 19,852 → 350 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$585	29.3×
research DD > 30% · no holdout	THT_PRES_UTL_U2_D25 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	49.8%	6.5%	—	—	40.5%	—	0.16	0.38	0.54	1.41	0.13	0.65	68.6%	350	140d	17.3%	20.9%	281,221 → 19,903 → 19,903 → 19,852 → 350 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$585	29.3×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_TOP1000_ATH_TRIM50_FV_FVB equity_curve_tht_uncapped_ranking_dev_2018_2024	development_2018_2024	44.0%	5.3%	13.6%	-8.3%	33.4%	33.7%	0.16	0.44	0.61	1.21	0.12	1.54	44.1%	660	36d	13.4%	8.6%	332,876 → 15,269 → 15,109 → 15,066 → 660 observed · qualified · market · attempts · fills· 830 band rejects	4.3%	10.0%	$1,406	89.6×
research DD > 30% · no holdout	THT_REV_X5 tht_revised_stage_x_dev_2016_2022_v3	development_2016_2022_risk_sized	42.3%	5.2%	—	—	32.3%	—	0.16	0.39	0.54	1.23	0.16	2.53	32.7%	434	59d	24.9%	7.8%	302,663 → 18,581 → 18,450 → 18,413 → 434 observed · qualified · market · attempts · fills· 954 band rejects	2.3%	15.0%	$1,238	79.0×
research DD > 30% · no holdout	THT_REV_X5_G0 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	42.3%	5.2%	—	—	32.3%	—	0.16	0.39	0.54	1.23	0.16	2.53	32.7%	434	59d	24.9%	7.8%	302,663 → 18,581 → 18,450 → 18,413 → 434 observed · qualified · market · attempts · fills· 954 band rejects	2.3%	15.0%	$1,238	79.0×
research DD > 30% · no holdout	THT_PRES_U1_R4_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	44.8%	5.9%	—	—	37.3%	—	0.16	0.37	0.52	1.41	0.12	0.61	69.8%	341	140d	16.5%	22.3%	281,221 → 15,087 → 15,087 → 15,050 → 341 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	9.4%	$561	27.3×
research no holdout · CAGR ≤ SPY	THT_RANK_BX_SECTOR equity_curve_tht_ranking_development	development	7.1%	1.8%	13.1%	-11.3%	11.1%	33.7%	0.16	0.30	0.44	1.25	0.16	2.28	35.3%	133	38d	28.0%	11.5%	186,103 → 4,720 → 3,032 → 3,014 → 133 observed · qualified · market · attempts · fills	2.8%	7.3%	$182	8.8×
research no holdout · CAGR ≤ SPY	THT_RANK_BX_SECTOR equity_curve_tht_ranking_development	development	7.1%	1.8%	13.1%	-11.3%	11.1%	33.7%	0.16	0.30	0.44	1.25	0.16	2.28	35.3%	133	38d	28.0%	11.5%	186,103 → 4,720 → 3,032 → 3,014 → 133 observed · qualified · market · attempts · fills	2.8%	7.3%	$182	8.8×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_GRID_BX_C15_H08 equity_curve_tht_final_development	development	39.3%	8.7%	13.1%	-4.4%	55.1%	33.7%	0.16	0.41	0.61	1.25	-0.07	0.67	55.4%	148	160d	35.2%	52.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,648	21.1×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_GRID_BX_C15_H08 equity_curve_tht_final_development	development	39.3%	8.7%	13.1%	-4.4%	55.1%	33.7%	0.16	0.41	0.61	1.25	-0.07	0.67	55.4%	148	160d	35.2%	52.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$2,648	21.1×
research DD > 30% · no holdout	THT_PRES_AR_U1_R21_1 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	43.1%	5.8%	—	—	36.8%	—	0.16	0.37	0.51	1.44	0.15	0.72	66.6%	365	133d	16.1%	18.7%	281,221 → 15,087 → 15,087 → 15,050 → 365 observed · qualified · market · attempts · fills· 0 band rejects	2.4%	10.0%	$580	27.1×
research DD > 30% · no holdout	THT_PRES_AR_U1_R21_2 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	40.5%	5.4%	—	—	34.8%	—	0.16	0.35	0.49	1.40	0.14	0.79	64.1%	376	127d	16.2%	17.1%	281,221 → 15,087 → 15,087 → 15,049 → 376 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	10.0%	$599	28.4×
research DD > 30% · no holdout	THT_PRES_U2_R4_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	48.7%	6.4%	—	—	40.9%	—	0.16	0.38	0.53	1.41	0.14	0.69	67.1%	334	142d	18.3%	21.6%	281,221 → 19,903 → 19,903 → 19,852 → 334 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	9.6%	$561	28.1×
research DD > 30% · no holdout	THT_PRES_PROG_U1_P100 tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	47.3%	5.7%	—	—	36.7%	—	0.16	0.37	0.51	1.47	0.15	0.70	67.9%	396	127d	14.5%	17.6%	302,663 → 15,087 → 15,087 → 15,297 → 396 observed · qualified · market · attempts · fills· 0 band rejects	2.6%	10.0%	$646	30.7×
research DD > 30% · no holdout	THT_PRES_AR_U1_R42_2 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	45.2%	6.0%	—	—	39.6%	—	0.15	0.37	0.52	1.38	0.13	0.73	65.3%	381	128d	17.1%	19.4%	281,221 → 15,087 → 15,087 → 15,050 → 381 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	9.5%	$630	30.4×
research DD > 30% · no holdout	THT_PRES_U1_R0_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	42.3%	5.7%	—	—	37.6%	—	0.15	0.36	0.50	1.40	0.12	0.58	70.5%	339	139d	16.1%	22.0%	281,221 → 15,087 → 15,087 → 15,050 → 339 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$556	27.0×
research DD > 30% · no holdout	THT_PRES_U_U1_N30_C10 tht_presenter_stage_u_dev_2016_2022	development_2016_2022	42.3%	5.7%	—	—	37.6%	—	0.15	0.36	0.50	1.40	0.12	0.58	70.5%	339	139d	16.1%	22.0%	281,221 → 15,087 → 15,087 → 15,050 → 339 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$556	27.0×
research DD > 30% · no holdout	THT_S5_GRID_BX_C25_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	10.8%	5.3%	—	—	35.2%	—	0.15	0.32	0.46	1.24	0.03	0.78	57.8%	199	100d	21.1%	27.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,354	9.5×
research DD > 30% · no holdout	THT_S5_GRID_BX_C25_H12 equity_curve_tht_sizing_fixed_025	validation_sizing	10.8%	5.3%	—	—	35.2%	—	0.15	0.32	0.46	1.24	0.03	0.78	57.8%	199	100d	21.1%	27.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,354	9.5×
research CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	1.6%	1.6%	18.1%	-16.6%	10.5%	18.8%	0.15	0.21	0.28	1.08	0.05	1.71	38.8%	67	34d	13.0%	7.4%	42,074 → 188 → 188 → 184 → 67 observed · qualified · market · attempts · fills· 70 band rejects	35.6%	10.0%	$122	7.6×
research CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	1.6%	1.6%	18.1%	-16.6%	10.5%	18.8%	0.15	0.21	0.28	1.08	0.05	1.71	38.8%	67	34d	13.0%	7.4%	42,074 → 188 → 188 → 184 → 67 observed · qualified · market · attempts · fills· 70 band rejects	35.6%	10.0%	$122	7.6×
research no holdout	THT_PRES_PROG_U2_P50 tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	12.9%	4.1%	—	—	27.9%	—	0.15	0.30	0.43	1.23	0.09	0.82	60.2%	319	118d	15.2%	69.1%	160,690 → 12,492 → 12,492 → 12,534 → 319 observed · qualified · market · attempts · fills· 0 band rejects	2.6%	10.0%	$422	16.2×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_EQ tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	49.8%	5.9%	—	—	40.5%	—	0.15	0.37	0.51	1.41	0.13	0.65	68.6%	350	140d	17.3%	20.9%	302,663 → 19,903 → 19,903 → 19,852 → 350 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$585	29.3×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_EQ tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	49.8%	5.9%	—	—	40.5%	—	0.15	0.37	0.51	1.41	0.13	0.65	68.6%	350	140d	17.3%	20.9%	302,663 → 19,903 → 19,903 → 19,852 → 350 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$585	29.3×
research DD > 30% · no holdout	THT_PRES_PROG_U2_EQ tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	49.8%	5.9%	—	—	40.5%	—	0.15	0.37	0.51	1.41	0.13	0.65	68.6%	350	140d	17.3%	20.9%	302,663 → 19,903 → 19,903 → 19,852 → 350 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$585	29.3×
research DD > 30% · no holdout	THT_PRES_RANK_U2_CURRENT tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	49.8%	5.9%	—	—	40.5%	—	0.15	0.37	0.51	1.41	0.13	0.65	68.6%	350	140d	17.3%	20.9%	302,663 → 19,903 → 19,903 → 19,852 → 350 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$585	29.3×
research DD > 30% · no holdout	THT_PRES_U2_R0_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	45.4%	6.0%	—	—	41.0%	—	0.15	0.36	0.51	1.39	0.12	0.64	68.4%	329	144d	17.9%	21.9%	281,221 → 19,903 → 19,903 → 19,852 → 329 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$547	27.4×
research DD > 30% · no holdout	THT_PRES_U_U2_N30_C10 tht_presenter_stage_u_dev_2016_2022	development_2016_2022	45.4%	6.0%	—	—	41.0%	—	0.15	0.36	0.51	1.39	0.12	0.64	68.4%	329	144d	17.9%	21.9%	281,221 → 19,903 → 19,903 → 19,852 → 329 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$547	27.4×
research DD > 30% · no holdout	THT_PRES_PROG_U2_P67 tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	44.4%	5.4%	—	—	37.8%	—	0.14	0.35	0.49	1.39	0.13	0.66	67.8%	488	123d	15.0%	18.4%	302,663 → 19,903 → 19,903 → 20,163 → 488 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	10.0%	$735	32.7×
research no holdout	THT_PRES_PROG_U1_P100 tht_presenter_progressive_allocation_robustness_2023_2025	robustness_2023_2025	12.1%	3.9%	—	—	27.3%	—	0.14	0.29	0.43	1.28	0.11	0.80	61.5%	218	129d	13.6%	16.2%	160,690 → 9,068 → 9,068 → 9,128 → 218 observed · qualified · market · attempts · fills· 0 band rejects	2.4%	10.0%	$311	13.5×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_TOP3_PROFITADD equity_curve_tht_market_development	development	17.7%	4.2%	13.1%	-8.9%	30.5%	33.7%	0.14	0.29	0.42	1.15	0.11	3.08	27.3%	356	24d	25.8%	8.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,969	40.3×
research DD > 30% · no holdout	THT_S5_GRID_BX_C20_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	8.6%	4.2%	—	—	31.0%	—	0.14	0.29	0.41	1.18	0.06	0.83	57.8%	206	105d	21.0%	25.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,333	9.5×
research DD > 30% · no holdout	THT_S5_GRID_BX_C20_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	8.6%	4.2%	—	—	31.0%	—	0.14	0.29	0.41	1.18	0.06	0.83	57.8%	206	105d	21.0%	25.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$1,333	9.5×
research DD > 30% · no holdout	THT_REV_X3_G2 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	33.9%	4.3%	—	—	31.7%	—	0.13	0.38	0.51	1.21	0.13	2.05	37.2%	379	54d	15.2%	7.1%	302,663 → 10,233 → 10,232 → 10,219 → 379 observed · qualified · market · attempts · fills· 357 band rejects	3.7%	15.0%	$1,089	69.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_TOP200_ATH_ARM equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	33.1%	4.2%	13.6%	-9.4%	31.0%	33.7%	0.13	0.39	0.53	1.21	0.11	1.41	46.1%	648	33d	9.1%	7.0%	332,876 → 5,828 → 5,755 → 5,713 → 648 observed · qualified · market · attempts · fills· 339 band rejects	11.1%	10.0%	$1,333	88.0×
research DD > 30% · no holdout	THT_REV_X1 tht_revised_stage_x_dev_2016_2022_v3	development_2016_2022_risk_sized	37.0%	4.6%	—	—	34.8%	—	0.13	0.34	0.47	1.21	0.15	3.02	28.6%	437	61d	31.1%	7.7%	302,663 → 18,581 → 18,450 → 18,413 → 437 observed · qualified · market · attempts · fills· 954 band rejects	2.4%	15.0%	$1,148	70.6×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U1_ALL tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	37.8%	5.1%	—	—	39.1%	—	0.13	0.34	0.47	1.37	0.11	0.57	70.6%	344	144d	15.4%	22.9%	281,221 → 15,087 → 15,087 → 15,050 → 344 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$553	25.9×
research DD > 30% · no holdout	THT_PRES_UTL_U1_D25 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	37.8%	5.1%	—	—	39.1%	—	0.13	0.34	0.47	1.37	0.11	0.57	70.6%	344	144d	15.4%	22.9%	281,221 → 15,087 → 15,087 → 15,050 → 344 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$553	25.9×
research no holdout	THT_REV_X3_G1_K4_U1 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	21.4%	2.8%	—	—	21.5%	—	0.13	0.30	0.41	1.19	0.11	1.45	45.1%	375	59d	12.3%	8.1%	302,663 → 5,315 → 5,276 → 5,257 → 375 observed · qualified · market · attempts · fills· 92 band rejects	7.1%	15.0%	$953	52.5×
research DD > 30% · no holdout	THT_PRES_U2_R3_N30_C10 tht_presenter_stage_r_dev_2016_2022	development_2016_2022	41.6%	5.6%	—	—	42.8%	—	0.13	0.35	0.48	1.33	0.11	0.70	65.7%	344	138d	18.8%	22.4%	281,221 → 19,903 → 19,903 → 19,852 → 344 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$574	28.4×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_management	full_2019_2025	72.1%	8.1%	17.2%	-9.1%	61.9%	33.7%	0.13	0.40	0.58	1.15	-0.36	1.26	28.1%	1,476	25d	27.1%	21.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$20,863	159.1×
research no holdout	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_presample	presample	37.1%	3.6%	-5.3%	8.9%	27.6%	19.3%	0.13	0.33	0.46	1.18	0.11	1.83	39.2%	449	40d	14.0%	11.2%	315,869 → 6,119 → 4,232 → 4,226 → 449 observed · qualified · market · attempts · fills	7.3%	10.0%	$1,294	88.4×
research no holdout	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_presample_v2	presample	37.1%	3.6%	-5.3%	8.9%	27.6%	19.3%	0.13	0.33	0.46	1.18	0.11	1.83	39.2%	449	40d	14.0%	11.2%	315,869 → 6,119 → 4,232 → 4,226 → 449 observed · qualified · market · attempts · fills	7.3%	10.0%	$1,294	88.4×
research no holdout	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_presample_v3	presample	37.1%	3.6%	-5.3%	8.9%	27.6%	19.3%	0.13	0.33	0.46	1.18	0.11	1.83	39.2%	449	40d	14.0%	11.2%	315,869 → 6,119 → 4,232 → 4,226 → 449 observed · qualified · market · attempts · fills	7.3%	10.0%	$1,294	88.4×
research no holdout	THT_REV_X3_G1_K4_U2 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	21.2%	2.8%	—	—	21.6%	—	0.13	0.30	0.40	1.20	0.11	1.55	43.6%	360	59d	14.6%	8.6%	302,663 → 6,900 → 6,846 → 6,822 → 360 observed · qualified · market · attempts · fills· 126 band rejects	5.2%	15.0%	$865	46.3×
research DD > 30% · no holdout	THT_PRES_UTL_U2_D50 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	40.7%	5.5%	—	—	42.4%	—	0.13	0.34	0.48	1.33	0.11	0.63	67.9%	340	142d	17.7%	33.9%	281,221 → 19,903 → 19,903 → 19,851 → 340 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$568	28.4×
research no holdout	THT_REV_X3_G2 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	25.0%	3.2%	—	—	25.4%	—	0.13	0.31	0.42	1.17	0.11	2.12	35.6%	388	54d	15.8%	7.5%	302,663 → 10,233 → 10,232 → 10,219 → 388 observed · qualified · market · attempts · fills· 408 band rejects	3.8%	15.0%	$1,020	62.6×
research DD > 30% · no holdout	THT_PRES_UTL_U2_D100 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	38.0%	5.1%	—	—	40.9%	—	0.13	0.33	0.46	1.32	0.10	0.62	68.1%	342	143d	16.7%	22.1%	281,221 → 19,903 → 19,903 → 19,851 → 342 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$567	28.1×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E2_PA equity_curve_tht_market_development	development	13.6%	3.3%	13.1%	-9.8%	25.9%	33.7%	0.13	0.26	0.40	1.23	0.16	2.82	30.5%	174	25d	26.1%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,388	19.0×
research no holdout	THT_REV_X5_G3 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	26.1%	3.4%	—	—	27.2%	—	0.12	0.36	0.50	1.24	0.14	1.62	43.3%	319	64d	14.7%	7.7%	302,663 → 5,477 → 5,476 → 5,465 → 319 observed · qualified · market · attempts · fills· 107 band rejects	5.8%	15.0%	$876	51.3×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_GRID_BX_C25_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	7.8%	3.9%	—	—	31.4%	—	0.12	0.28	0.40	1.17	-0.40	0.06	56.7%	208	104d	20.8%	367.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,325	9.5×
research E(R) ≤ 0 · DD > 30% · no holdout	THT_S5_GRID_BX_C25_H18 equity_curve_tht_sizing_fixed_025	validation_sizing	7.8%	3.9%	—	—	31.4%	—	0.12	0.28	0.40	1.17	-0.40	0.06	56.7%	208	104d	20.8%	367.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	25.0%	$1,325	9.5×
research DD > 30% · no holdout	THT_PRES_RANK_U2_RECOVERY tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	41.3%	5.1%	—	—	41.3%	—	0.12	0.33	0.46	1.32	0.10	0.61	68.3%	344	151d	18.3%	24.9%	302,663 → 19,903 → 19,903 → 19,850 → 344 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$573	27.5×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	32.6%	3.6%	14.1%	-10.5%	29.4%	33.7%	0.12	0.33	0.45	1.20	0.13	2.09	36.5%	591	40d	12.6%	6.8%	331,536 → 7,648 → 7,554 → 7,524 → 591 observed · qualified · market · attempts · fills· 2,179 band rejects	7.7%	10.0%	$1,199	78.5×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	32.6%	3.6%	14.1%	-10.5%	29.4%	33.7%	0.12	0.33	0.45	1.20	0.13	2.09	36.5%	591	40d	12.6%	6.8%	331,536 → 7,648 → 7,554 → 7,524 → 591 observed · qualified · market · attempts · fills· 2,179 band rejects	7.7%	10.0%	$1,199	78.5×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E2 equity_curve_tht_market_development	development	13.3%	3.2%	13.1%	-9.9%	26.1%	33.7%	0.12	0.26	0.39	1.23	0.16	2.83	30.3%	175	25d	26.0%	9.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,387	19.0×
research DD > 30% · no holdout	THT_PRES_AR_U1_R42_1 tht_presenter_stage_ar_dev_2016_2022	development_2016_2022	36.2%	4.9%	—	—	40.5%	—	0.12	0.33	0.46	1.31	0.09	0.56	69.9%	356	135d	16.5%	22.6%	281,221 → 15,087 → 15,087 → 15,051 → 356 observed · qualified · market · attempts · fills· 0 band rejects	2.4%	10.0%	$580	27.7×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT equity_curve_tht_entry_semantics_validation	validation	1.1%	0.5%	25.9%	-25.3%	4.6%	10.0%	0.12	0.14	0.20	1.13	0.08	1.90	37.2%	43	36d	17.4%	9.1%	106,406 → 6,033 → 3,164 → 3,164 → 43 observed · qualified · market · attempts · fills	0.7%	7.1%	$63	3.1×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT equity_curve_tht_entry_semantics_validation	validation	1.1%	0.5%	25.9%	-25.3%	4.6%	10.0%	0.12	0.14	0.20	1.13	0.08	1.90	37.2%	43	36d	17.4%	9.1%	106,406 → 6,033 → 3,164 → 3,164 → 43 observed · qualified · market · attempts · fills	0.7%	7.1%	$63	3.1×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_WEEKLY_C15 equity_curve_tht_staged_development	development	30.3%	6.9%	13.1%	-6.2%	56.4%	33.7%	0.12	0.37	0.52	1.08	0.06	2.33	31.8%	957	24d	23.3%	39.5%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$15,033	119.8×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_S50 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	36.8%	4.6%	—	—	37.9%	—	0.12	0.33	0.45	1.35	0.11	0.58	69.9%	612	133d	15.3%	31.8%	302,663 → 19,903 → 19,903 → 19,851 → 612 observed · qualified · market · attempts · fills· 0 band rejects	3.1%	9.8%	$806	27.1×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	25.4%	2.9%	14.1%	-11.3%	23.7%	33.7%	0.12	0.29	0.39	1.15	0.09	1.54	42.7%	522	40d	13.1%	8.1%	331,536 → 2,764 → 2,736 → 2,731 → 522 observed · qualified · market · attempts · fills· 805 band rejects	18.9%	10.0%	$1,099	73.4×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	25.4%	2.9%	14.1%	-11.3%	23.7%	33.7%	0.12	0.29	0.39	1.15	0.09	1.54	42.7%	522	40d	13.1%	8.1%	331,536 → 2,764 → 2,736 → 2,731 → 522 observed · qualified · market · attempts · fills· 805 band rejects	18.9%	10.0%	$1,099	73.4×
research no holdout	THT_REV_X5_G2 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	24.4%	3.2%	—	—	26.3%	—	0.12	0.30	0.41	1.17	0.11	2.06	36.3%	364	59d	15.9%	7.5%	302,663 → 10,233 → 10,232 → 10,219 → 364 observed · qualified · market · attempts · fills· 408 band rejects	3.6%	15.0%	$999	61.4×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_EQ tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	37.8%	4.7%	—	—	39.1%	—	0.12	0.32	0.45	1.37	0.11	0.57	70.6%	344	144d	15.4%	22.9%	302,663 → 15,087 → 15,087 → 15,050 → 344 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$553	25.9×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_EQ tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	37.8%	4.7%	—	—	39.1%	—	0.12	0.32	0.45	1.37	0.11	0.57	70.6%	344	144d	15.4%	22.9%	302,663 → 15,087 → 15,087 → 15,050 → 344 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$553	25.9×
research DD > 30% · no holdout	THT_PRES_PROG_U1_EQ tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	37.8%	4.7%	—	—	39.1%	—	0.12	0.32	0.45	1.37	0.11	0.57	70.6%	344	144d	15.4%	22.9%	302,663 → 15,087 → 15,087 → 15,050 → 344 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$553	25.9×
research DD > 30% · no holdout	THT_PRES_RANK_U1_CURRENT tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	37.8%	4.7%	—	—	39.1%	—	0.12	0.32	0.45	1.37	0.11	0.57	70.6%	344	144d	15.4%	22.9%	302,663 → 15,087 → 15,087 → 15,050 → 344 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$553	25.9×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_TOP3 equity_curve_tht_market_development	development	15.4%	3.6%	13.1%	-9.4%	30.6%	33.7%	0.12	0.27	0.39	1.13	0.10	3.06	27.0%	359	24d	25.8%	8.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,938	40.0×
research no holdout	THT_REV_X3_G3 tht_revised_stage_g_dev_2016_2022_v3	development_2016_2022_risk_sized	24.0%	3.1%	—	—	26.6%	—	0.12	0.33	0.47	1.20	0.12	1.75	40.6%	337	58d	15.8%	8.2%	302,663 → 5,477 → 5,476 → 5,465 → 337 observed · qualified · market · attempts · fills· 107 band rejects	6.2%	15.0%	$899	53.4×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R1 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	20.1%	2.6%	13.6%	-11.0%	23.1%	33.7%	0.12	0.28	0.38	1.16	0.09	1.64	41.3%	399	40d	12.5%	7.5%	290,259 → 1,845 → 1,823 → 1,823 → 399 observed · qualified · market · attempts · fills· 650 band rejects	21.6%	10.0%	$849	57.0×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R1 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	20.1%	2.6%	13.6%	-11.0%	23.1%	33.7%	0.12	0.28	0.38	1.16	0.09	1.64	41.3%	399	40d	12.5%	7.5%	290,259 → 1,845 → 1,823 → 1,823 → 399 observed · qualified · market · attempts · fills· 650 band rejects	21.6%	10.0%	$849	57.0×
research no holdout	THT_PRES_RANK_U1_PAYOFF tht_presenter_ranking_matrix_robustness_2023_2025	robustness_2023_2025	5.9%	1.9%	—	—	16.8%	—	0.11	0.22	0.31	1.16	0.06	0.65	64.2%	243	115d	8.7%	12.7%	160,690 → 9,068 → 9,068 → 9,000 → 243 observed · qualified · market · attempts · fills· 0 band rejects	2.7%	9.7%	$359	15.1×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_S67 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	36.6%	4.6%	—	—	40.1%	—	0.11	0.32	0.45	1.33	0.10	0.56	70.2%	635	133d	15.3%	22.4%	302,663 → 19,903 → 19,903 → 19,851 → 635 observed · qualified · market · attempts · fills· 0 band rejects	3.2%	8.5%	$825	27.3×
research DD > 30% · no holdout	THT_REV_X3_G2 tht_revised_stage_g_dev_2016_2022	development_2016_2022	28.1%	3.6%	—	—	31.7%	—	0.11	0.33	0.45	1.18	0.11	2.07	36.3%	389	53d	15.0%	7.0%	302,663 → 10,233 → 10,232 → 10,219 → 389 observed · qualified · market · attempts · fills· 357 band rejects	3.8%	15.0%	$1,095	69.3×
research DD > 30% · no holdout	THT_REV_X0 tht_revised_stage_x_dev_2016_2022_v3	development_2016_2022_risk_sized	58.7%	6.8%	—	—	60.3%	—	0.11	0.38	0.55	1.40	0.31	4.58	23.4%	282	85d	60.2%	8.0%	302,663 → 18,581 → 18,450 → 18,413 → 282 observed · qualified · market · attempts · fills· 954 band rejects	1.5%	15.0%	$728	52.5×
research DD > 30% · no holdout	THT_PRES_UTL_U2_D33 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	36.0%	4.9%	—	—	44.0%	—	0.11	0.32	0.45	1.30	0.09	0.61	68.0%	331	144d	17.2%	22.4%	281,221 → 19,903 → 19,903 → 19,851 → 331 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$555	27.7×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	20.5%	2.7%	13.6%	-10.9%	24.3%	33.7%	0.11	0.27	0.37	1.15	0.09	1.60	41.9%	432	40d	12.9%	7.8%	290,259 → 2,216 → 2,190 → 2,189 → 432 observed · qualified · market · attempts · fills· 726 band rejects	19.5%	10.0%	$902	60.0×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	20.5%	2.7%	13.6%	-10.9%	24.3%	33.7%	0.11	0.27	0.37	1.15	0.09	1.60	41.9%	432	40d	12.9%	7.8%	290,259 → 2,216 → 2,190 → 2,189 → 432 observed · qualified · market · attempts · fills· 726 band rejects	19.5%	10.0%	$902	60.0×
research no holdout · CAGR ≤ SPY	THT_TR_TOP200_ATH_FULL equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	24.0%	3.1%	13.6%	-10.5%	28.2%	33.7%	0.11	0.31	0.42	1.13	0.07	1.32	46.0%	702	30d	9.3%	7.2%	332,876 → 5,828 → 5,755 → 5,717 → 702 observed · qualified · market · attempts · fills· 339 band rejects	12.0%	10.0%	$1,457	96.6×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_TOP3_SECTOR2 equity_curve_tht_market_development	development	14.0%	3.3%	13.1%	-9.7%	30.9%	33.7%	0.11	0.26	0.37	1.12	0.09	3.06	26.8%	358	24d	25.8%	8.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,891	39.6×
research no holdout	THT_REV_X5_G1_K3_U1 tht_revised_stage_u_dev_2016_2022	development_2016_2022	18.8%	2.5%	—	—	23.4%	—	0.11	0.26	0.35	1.15	0.08	1.32	46.6%	322	65d	12.6%	9.0%	302,663 → 5,315 → 5,276 → 5,257 → 322 observed · qualified · market · attempts · fills· 85 band rejects	6.1%	15.0%	$907	52.8×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U0_ALL tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	26.8%	3.8%	—	—	36.0%	—	0.10	0.28	0.40	1.37	0.12	0.66	67.5%	338	141d	12.2%	16.4%	281,221 → 7,643 → 7,643 → 7,620 → 338 observed · qualified · market · attempts · fills· 0 band rejects	4.4%	9.8%	$538	24.9×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_S33 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	31.1%	4.0%	—	—	38.8%	—	0.10	0.30	0.41	1.29	0.09	0.58	69.2%	603	133d	15.5%	21.8%	302,663 → 19,903 → 19,903 → 19,851 → 603 observed · qualified · market · attempts · fills· 0 band rejects	3.0%	10.0%	$794	26.8×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX equity_curve_tht_stage5_management	full_2019_2025	53.9%	6.4%	17.2%	-10.8%	62.6%	33.7%	0.10	0.35	0.50	1.12	-0.21	1.86	27.5%	1,435	25d	27.8%	15.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$18,824	144.1×
research DD > 30% · no holdout	THT_PRES_RANK_U1_PAYOFF tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	29.1%	3.7%	—	—	37.4%	—	0.10	0.30	0.41	1.46	0.15	0.74	66.3%	413	124d	9.9%	12.6%	302,663 → 15,087 → 15,087 → 15,046 → 413 observed · qualified · market · attempts · fills· 0 band rejects	2.7%	10.0%	$663	28.5×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U2_PREF tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	27.2%	3.8%	—	—	39.6%	—	0.10	0.28	0.39	1.28	0.09	0.64	66.8%	349	143d	14.6%	20.2%	281,221 → 19,903 → 19,903 → 19,852 → 349 observed · qualified · market · attempts · fills· 0 band rejects	1.8%	10.0%	$562	25.9×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_EQ tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	26.8%	3.5%	—	—	36.0%	—	0.10	0.27	0.38	1.37	0.12	0.66	67.5%	338	141d	12.2%	16.4%	302,663 → 7,643 → 7,643 → 7,620 → 338 observed · qualified · market · attempts · fills· 0 band rejects	4.4%	9.8%	$538	24.9×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_EQ tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	26.8%	3.5%	—	—	36.0%	—	0.10	0.27	0.38	1.37	0.12	0.66	67.5%	338	141d	12.2%	16.4%	302,663 → 7,643 → 7,643 → 7,620 → 338 observed · qualified · market · attempts · fills· 0 band rejects	4.4%	9.8%	$538	24.9×
research no holdout	THT_REV_X5_G1_K4_U2 tht_revised_stage_u_dev_2016_2022	development_2016_2022	18.6%	2.5%	—	—	26.2%	—	0.09	0.26	0.34	1.15	0.08	1.35	46.0%	313	68d	14.4%	9.1%	302,663 → 6,900 → 6,846 → 6,822 → 313 observed · qualified · market · attempts · fills· 108 band rejects	4.5%	15.0%	$855	48.1×
research DD > 30% · no holdout	THT_REV_X3_G1_K4_U0 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	21.9%	2.9%	—	—	30.8%	—	0.09	0.30	0.41	1.17	0.10	1.44	44.9%	359	62d	12.2%	8.1%	302,663 → 2,724 → 2,701 → 2,693 → 359 observed · qualified · market · attempts · fills· 54 band rejects	13.2%	15.0%	$989	57.8×
research no holdout · CAGR ≤ SPY	THT_SL_SECTOR_13W_NO_TRIM equity_curve_20260721_044441	development_2016_2022	1.7%	0.1%	14.1%	-14.0%	1.1%	33.7%	0.09	0.29	0.44	4.39	0.48	0.73	85.7%	7	39d	10.7%	14.6%	661,868 → 18 → 18 → 18 → 7 observed · qualified · market · attempts · fills· 0 band rejects	38.9%	3.3%	$10	0.5×
research no holdout	THT_REV_X3_G1_K3_U1 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	13.1%	1.8%	—	—	19.9%	—	0.09	0.22	0.30	1.13	0.07	1.39	44.8%	366	59d	12.5%	8.6%	302,663 → 5,315 → 5,276 → 5,257 → 366 observed · qualified · market · attempts · fills· 92 band rejects	6.9%	15.0%	$903	48.6×
research DD > 30% · no holdout	THT_PRES_UTL_U1_D50 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	26.5%	3.7%	—	—	41.8%	—	0.09	0.28	0.39	1.24	0.07	0.54	69.7%	340	144d	15.8%	44.2%	281,221 → 15,087 → 15,087 → 15,051 → 340 observed · qualified · market · attempts · fills· 0 band rejects	2.3%	10.0%	$542	25.4×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_BASE equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	18.4%	2.5%	13.6%	-11.2%	27.5%	33.7%	0.09	0.24	0.32	1.11	0.07	1.68	39.8%	605	40d	11.0%	7.4%	332,876 → 11,537 → 11,411 → 11,384 → 605 observed · qualified · market · attempts · fills· 655 band rejects	5.2%	10.0%	$1,183	76.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_CONTROL_C10 equity_curve_tht_staged_development	development	20.2%	4.7%	13.1%	-8.4%	53.9%	33.7%	0.09	0.31	0.43	1.07	0.05	2.56	29.5%	858	27d	27.9%	12.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$11,125	90.1×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	19.0%	2.5%	13.6%	-11.1%	29.4%	33.7%	0.09	0.26	0.34	1.13	0.09	2.05	35.6%	519	39d	12.2%	6.7%	290,259 → 6,564 → 6,470 → 6,462 → 519 observed · qualified · market · attempts · fills· 1,880 band rejects	7.9%	10.0%	$1,059	69.6×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	19.0%	2.5%	13.6%	-11.1%	29.4%	33.7%	0.09	0.26	0.34	1.13	0.09	2.05	35.6%	519	39d	12.2%	6.7%	290,259 → 6,564 → 6,470 → 6,462 → 519 observed · qualified · market · attempts · fills· 1,880 band rejects	7.9%	10.0%	$1,059	69.6×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_R0 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	19.0%	2.5%	13.6%	-11.1%	29.4%	33.7%	0.09	0.26	0.34	1.13	0.09	2.05	35.6%	519	39d	12.2%	6.7%	290,259 → 6,564 → 6,470 → 6,462 → 519 observed · qualified · market · attempts · fills· 1,880 band rejects	7.9%	10.0%	$1,059	69.6×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_R0 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	19.0%	2.5%	13.6%	-11.1%	29.4%	33.7%	0.09	0.26	0.34	1.13	0.09	2.05	35.6%	519	39d	12.2%	6.7%	290,259 → 6,564 → 6,470 → 6,462 → 519 observed · qualified · market · attempts · fills· 1,880 band rejects	7.9%	10.0%	$1,059	69.6×
research DD > 30% · no holdout	THT_PRES_RANK_U2_PAYOFF tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	24.4%	3.2%	—	—	37.1%	—	0.09	0.26	0.36	1.34	0.12	0.68	66.3%	413	124d	10.2%	13.0%	302,663 → 19,903 → 19,903 → 19,847 → 413 observed · qualified · market · attempts · fills· 0 band rejects	2.1%	10.0%	$661	28.8×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_S67 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	24.5%	3.2%	—	—	37.6%	—	0.08	0.26	0.36	1.25	0.07	0.52	70.5%	637	132d	13.4%	22.5%	302,663 → 15,087 → 15,087 → 15,049 → 637 observed · qualified · market · attempts · fills· 0 band rejects	4.2%	8.6%	$804	25.2×
research DD > 30% · no holdout	THT_PRES_UTL_U1_D33 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	23.3%	3.3%	—	—	40.4%	—	0.08	0.26	0.36	1.22	0.07	0.53	69.8%	328	146d	16.0%	24.8%	281,221 → 15,087 → 15,087 → 15,051 → 328 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$522	24.3×
research DD > 30% · no holdout	THT_PRES_PROG_U1_P67 tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	26.8%	3.5%	—	—	42.2%	—	0.08	0.27	0.37	1.24	0.07	0.54	69.6%	490	125d	13.5%	20.4%	302,663 → 15,087 → 15,087 → 15,354 → 490 observed · qualified · market · attempts · fills· 0 band rejects	3.2%	10.0%	$729	30.8×
research no holdout · CAGR ≤ SPY	THT_SL_SECTOR_13W_TRIM25 equity_curve_20260721_044441	development_2016_2022	1.5%	0.1%	14.1%	-14.0%	1.1%	33.7%	0.08	0.26	0.39	3.99	0.43	0.67	85.7%	7	39d	9.7%	14.6%	661,868 → 18 → 18 → 18 → 7 observed · qualified · market · attempts · fills· 0 band rejects	38.9%	3.3%	$10	0.5×
research DD > 30% · no holdout	THT_PRES_UTL_U1_D100 tht_presenter_stage_utl_dev_2016_2022	development_2016_2022	23.4%	3.3%	—	—	41.6%	—	0.08	0.26	0.36	1.21	0.06	0.51	70.4%	338	144d	15.8%	25.0%	281,221 → 15,087 → 15,087 → 15,051 → 338 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$543	25.1×
research no holdout	THT_REV_X5_G1_K4_U1 tht_revised_stage_u_dev_2016_2022	development_2016_2022	14.0%	1.9%	—	—	23.6%	—	0.08	0.21	0.29	1.11	0.06	1.41	44.1%	322	65d	12.7%	8.5%	302,663 → 5,315 → 5,276 → 5,257 → 322 observed · qualified · market · attempts · fills· 85 band rejects	6.1%	15.0%	$892	51.7×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_S50 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	22.3%	2.9%	—	—	37.2%	—	0.08	0.25	0.34	1.24	0.07	0.50	71.0%	601	133d	13.3%	22.3%	302,663 → 15,087 → 15,087 → 15,049 → 601 observed · qualified · market · attempts · fills· 0 band rejects	4.0%	10.0%	$769	24.7×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_S33 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	23.6%	3.1%	—	—	40.1%	—	0.08	0.25	0.35	1.23	0.07	0.57	68.1%	649	128d	14.2%	20.3%	302,663 → 19,903 → 19,903 → 20,046 → 649 observed · qualified · market · attempts · fills· 0 band rejects	3.3%	10.0%	$847	28.1×
research DD > 30% · no holdout	THT_PRES_U_U0_N30_C10 tht_presenter_stage_u_dev_2016_2022	development_2016_2022	20.1%	2.9%	—	—	38.1%	—	0.08	0.24	0.34	1.28	0.10	0.67	65.5%	322	144d	12.4%	17.0%	281,221 → 7,643 → 7,643 → 7,619 → 322 observed · qualified · market · attempts · fills· 0 band rejects	4.2%	10.0%	$499	23.0×
research no holdout · CAGR ≤ SPY	THT_RANK_NO_FV equity_curve_tht_ranking_development	development	3.4%	0.8%	13.1%	-12.2%	11.1%	33.7%	0.08	0.18	0.25	1.12	0.08	2.09	34.8%	132	39d	25.7%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	7.2%	$181	8.9×
research no holdout · CAGR ≤ SPY	THT_RANK_NO_FV equity_curve_tht_ranking_development	development	3.4%	0.8%	13.1%	-12.2%	11.1%	33.7%	0.08	0.18	0.25	1.12	0.08	2.09	34.8%	132	39d	25.7%	11.2%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	7.2%	$181	8.9×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U0_HARD tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	19.8%	2.9%	—	—	38.0%	—	0.08	0.24	0.33	1.32	0.11	0.69	65.6%	317	143d	11.2%	16.1%	281,221 → 5,795 → 5,795 → 5,774 → 317 observed · qualified · market · attempts · fills· 0 band rejects	5.5%	10.0%	$503	22.5×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_S67 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	24.2%	3.1%	—	—	42.5%	—	0.07	0.25	0.35	1.22	0.07	0.58	67.9%	672	130d	14.4%	21.4%	302,663 → 19,903 → 19,903 → 20,056 → 672 observed · qualified · market · attempts · fills· 0 band rejects	3.4%	9.2%	$854	27.0×
research DD > 30% · no holdout	THT_PRES_RANK_U1_RECOVERY tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	23.2%	3.0%	—	—	42.6%	—	0.07	0.25	0.34	1.21	0.07	0.59	67.4%	334	153d	16.0%	24.0%	302,663 → 15,087 → 15,087 → 15,050 → 334 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$540	24.8×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_LOW_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	10.9%	1.5%	13.6%	-12.1%	21.9%	33.7%	0.07	0.19	0.26	1.09	0.06	1.55	41.4%	452	41d	10.1%	6.8%	290,259 → 4,561 → 4,499 → 4,493 → 452 observed · qualified · market · attempts · fills· 832 band rejects	9.9%	10.0%	$899	58.2×
research no holdout · CAGR ≤ SPY	THT_TR_SPX_LOW_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	10.9%	1.5%	13.6%	-12.1%	21.9%	33.7%	0.07	0.19	0.26	1.09	0.06	1.55	41.4%	452	41d	10.1%	6.8%	290,259 → 4,561 → 4,499 → 4,493 → 452 observed · qualified · market · attempts · fills· 832 band rejects	9.9%	10.0%	$899	58.2×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_LOW_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	10.9%	1.5%	13.6%	-12.1%	21.9%	33.7%	0.07	0.19	0.26	1.09	0.06	1.55	41.4%	452	41d	10.1%	6.8%	290,259 → 4,561 → 4,499 → 4,493 → 452 observed · qualified · market · attempts · fills· 832 band rejects	9.9%	10.0%	$899	58.2×
research no holdout · CAGR ≤ SPY	THT_TR_UNION_LOW_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	10.9%	1.5%	13.6%	-12.1%	21.9%	33.7%	0.07	0.19	0.26	1.09	0.06	1.55	41.4%	452	41d	10.1%	6.8%	290,259 → 4,561 → 4,499 → 4,493 → 452 observed · qualified · market · attempts · fills· 832 band rejects	9.9%	10.0%	$899	58.2×
research DD > 30% · no holdout	THT_PRES_ALLOC_U2_S50 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	22.0%	2.9%	—	—	42.6%	—	0.07	0.24	0.34	1.20	0.06	0.55	68.5%	655	128d	14.4%	30.7%	302,663 → 19,903 → 19,903 → 20,061 → 655 observed · qualified · market · attempts · fills· 0 band rejects	3.3%	10.0%	$850	28.0×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_S33 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	18.7%	2.5%	—	—	37.8%	—	0.07	0.23	0.31	1.20	0.06	0.50	70.5%	590	135d	13.5%	23.0%	302,663 → 15,087 → 15,087 → 15,049 → 590 observed · qualified · market · attempts · fills· 0 band rejects	3.9%	10.0%	$760	24.2×
research DD > 30% · no holdout	THT_PRES_PROG_U2_P50 tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	21.5%	2.8%	—	—	43.6%	—	0.06	0.24	0.33	1.19	0.06	0.59	66.9%	504	133d	15.2%	40.2%	302,663 → 19,903 → 19,903 → 20,167 → 504 observed · qualified · market · attempts · fills· 0 band rejects	2.5%	10.0%	$718	28.6×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_S67 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	18.1%	2.4%	—	—	37.4%	—	0.06	0.22	0.31	1.28	0.09	0.61	67.8%	667	132d	9.7%	15.9%	302,663 → 7,643 → 7,643 → 7,801 → 667 observed · qualified · market · attempts · fills· 0 band rejects	8.7%	9.0%	$832	24.2×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U0_PREF tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	16.9%	2.5%	—	—	38.3%	—	0.06	0.22	0.31	1.25	0.08	0.63	66.7%	327	149d	11.1%	16.9%	281,221 → 7,643 → 7,643 → 7,620 → 327 observed · qualified · market · attempts · fills· 0 band rejects	4.3%	10.0%	$513	22.7×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_CF_BX_ONLY equity_curve_tht_confirmed_lower_development	development	12.0%	2.9%	13.1%	-10.2%	47.0%	33.7%	0.06	0.25	0.42	1.19	0.09	1.10	51.8%	56	199d	50.0%	36.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$936	7.1×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_development	development	14.7%	3.5%	13.1%	-9.6%	57.6%	33.7%	0.06	0.27	0.39	0.61	-0.28	1.52	28.8%	844	26d	25.9%	17.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$11,771	95.7×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_development	development	14.7%	3.5%	13.1%	-9.6%	57.6%	33.7%	0.06	0.27	0.39	1.05	-0.28	1.52	28.8%	844	26d	25.9%	17.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$11,771	95.7×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_S67 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	16.3%	2.2%	—	—	37.3%	—	0.06	0.21	0.29	1.26	0.09	0.63	66.5%	614	140d	10.2%	15.2%	302,663 → 7,643 → 7,643 → 7,618 → 614 observed · qualified · market · attempts · fills· 0 band rejects	8.0%	9.6%	$777	22.9×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_SWEEP_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	10.0%	1.4%	13.6%	-12.2%	23.3%	33.7%	0.06	0.18	0.24	1.08	0.05	1.63	40.0%	368	40d	12.5%	8.1%	290,259 → 1,292 → 1,277 → 1,277 → 368 observed · qualified · market · attempts · fills· 420 band rejects	28.5%	10.0%	$771	51.4×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_SWEEP_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	10.0%	1.4%	13.6%	-12.2%	23.3%	33.7%	0.06	0.18	0.24	1.08	0.05	1.63	40.0%	368	40d	12.5%	8.1%	290,259 → 1,292 → 1,277 → 1,277 → 368 observed · qualified · market · attempts · fills· 420 band rejects	28.5%	10.0%	$771	51.4×
research DD > 30% · no holdout	THT_REV_X5_G3 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	15.6%	2.1%	—	—	36.5%	—	0.06	0.23	0.32	1.12	0.07	1.62	40.9%	318	64d	14.6%	7.8%	302,663 → 5,477 → 5,476 → 5,465 → 318 observed · qualified · market · attempts · fills· 70 band rejects	5.8%	15.0%	$908	55.0×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_S67 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	15.8%	2.1%	—	—	40.1%	—	0.05	0.21	0.29	1.16	0.05	0.52	69.0%	680	128d	12.8%	22.5%	302,663 → 15,087 → 15,087 → 15,244 → 680 observed · qualified · market · attempts · fills· 0 band rejects	4.5%	8.9%	$844	25.6×
research DD > 30% · no holdout	THT_REV_X5_G3 tht_revised_stage_g_dev_2016_2022	development_2016_2022	14.2%	1.9%	—	—	36.5%	—	0.05	0.22	0.30	1.11	0.06	1.65	40.2%	321	63d	14.6%	7.8%	302,663 → 5,477 → 5,476 → 5,465 → 321 observed · qualified · market · attempts · fills· 70 band rejects	5.9%	15.0%	$912	55.1×
research DD > 30% · no holdout	THT_PRES_RANK_U1_BLEND tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	14.3%	1.9%	—	—	37.2%	—	0.05	0.20	0.28	1.16	0.05	0.58	66.8%	355	142d	13.1%	20.4%	302,663 → 15,087 → 15,087 → 15,048 → 355 observed · qualified · market · attempts · fills· 0 band rejects	2.4%	10.0%	$566	24.4×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U2_HARD tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	14.6%	2.1%	—	—	42.9%	—	0.05	0.21	0.29	1.14	0.05	0.56	67.0%	327	145d	15.2%	23.3%	281,221 → 15,021 → 15,021 → 14,976 → 327 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$525	24.0×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_S50 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	13.9%	1.9%	—	—	37.7%	—	0.05	0.20	0.27	1.22	0.07	0.58	67.7%	591	139d	10.2%	15.6%	302,663 → 7,643 → 7,643 → 7,618 → 591 observed · qualified · market · attempts · fills· 0 band rejects	7.7%	10.0%	$757	22.8×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_SPX_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.8%	1.6%	13.6%	-12.0%	32.5%	33.7%	0.05	0.19	0.25	1.08	0.05	1.96	35.6%	562	39d	11.9%	6.8%	290,259 → 10,996 → 10,859 → 10,848 → 562 observed · qualified · market · attempts · fills· 2,151 band rejects	5.1%	10.0%	$1,097	70.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_SPX_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.8%	1.6%	13.6%	-12.0%	32.5%	33.7%	0.05	0.19	0.25	1.08	0.05	1.96	35.6%	562	39d	11.9%	6.8%	290,259 → 10,996 → 10,859 → 10,848 → 562 observed · qualified · market · attempts · fills· 2,151 band rejects	5.1%	10.0%	$1,097	70.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_UNION_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.8%	1.6%	13.6%	-12.0%	32.5%	33.7%	0.05	0.19	0.25	1.08	0.05	1.96	35.6%	562	39d	11.9%	6.8%	290,259 → 10,996 → 10,859 → 10,848 → 562 observed · qualified · market · attempts · fills· 2,151 band rejects	5.1%	10.0%	$1,097	70.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_UNION_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.8%	1.6%	13.6%	-12.0%	32.5%	33.7%	0.05	0.19	0.25	1.08	0.05	1.96	35.6%	562	39d	11.9%	6.8%	290,259 → 10,996 → 10,859 → 10,848 → 562 observed · qualified · market · attempts · fills· 2,151 band rejects	5.1%	10.0%	$1,097	70.4×
research no holdout · CAGR ≤ SPY	THT_ENTRY_NEAR_CONTROL equity_curve_tht_entry_semantics_validation	validation	0.5%	0.3%	25.9%	-25.6%	5.0%	10.0%	0.05	0.08	0.11	1.06	0.04	1.78	37.2%	43	33d	16.1%	9.0%	106,406 → 7,750 → 4,058 → 4,058 → 43 observed · qualified · market · attempts · fills	0.6%	7.1%	$66	3.1×
research no holdout · CAGR ≤ SPY	THT_ENTRY_NEAR_CONTROL equity_curve_tht_entry_semantics_validation	validation	0.5%	0.3%	25.9%	-25.6%	5.0%	10.0%	0.05	0.08	0.11	1.06	0.04	1.78	37.2%	43	33d	16.1%	9.0%	106,406 → 7,750 → 4,058 → 4,058 → 43 observed · qualified · market · attempts · fills	0.6%	7.1%	$66	3.1×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_SPX_R1 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.1%	1.5%	13.6%	-12.1%	31.9%	33.7%	0.05	0.18	0.24	1.08	0.05	2.04	34.6%	546	39d	12.2%	6.8%	290,259 → 9,105 → 8,985 → 8,976 → 546 observed · qualified · market · attempts · fills· 2,124 band rejects	6.0%	10.0%	$1,068	68.6×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_SPX_R1 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.1%	1.5%	13.6%	-12.1%	31.9%	33.7%	0.05	0.18	0.24	1.08	0.05	2.04	34.6%	546	39d	12.2%	6.8%	290,259 → 9,105 → 8,985 → 8,976 → 546 observed · qualified · market · attempts · fills· 2,124 band rejects	6.0%	10.0%	$1,068	68.6×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_UNION_R1 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.1%	1.5%	13.6%	-12.1%	31.9%	33.7%	0.05	0.18	0.24	1.08	0.05	2.04	34.6%	546	39d	12.2%	6.8%	290,259 → 9,105 → 8,985 → 8,976 → 546 observed · qualified · market · attempts · fills· 2,124 band rejects	6.0%	10.0%	$1,068	68.6×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_UNION_R1 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	11.1%	1.5%	13.6%	-12.1%	31.9%	33.7%	0.05	0.18	0.24	1.08	0.05	2.04	34.6%	546	39d	12.2%	6.8%	290,259 → 9,105 → 8,985 → 8,976 → 546 observed · qualified · market · attempts · fills· 2,124 band rejects	6.0%	10.0%	$1,068	68.6×
research no holdout	THT_REV_X3_G1_K3_U2 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	9.3%	1.3%	—	—	27.9%	—	0.05	0.17	0.23	1.08	0.04	1.35	44.3%	386	58d	13.5%	9.0%	302,663 → 6,900 → 6,846 → 6,822 → 386 observed · qualified · market · attempts · fills· 126 band rejects	5.6%	15.0%	$961	52.4×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_S50 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	12.5%	1.7%	—	—	37.5%	—	0.05	0.19	0.26	1.19	0.06	0.56	68.0%	628	134d	10.1%	16.6%	302,663 → 7,643 → 7,643 → 7,818 → 628 observed · qualified · market · attempts · fills· 0 band rejects	8.2%	10.0%	$795	23.5×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_TOP200_BASE equity_curve_tht_uncapped_ath_dev_2018_2024	development_2018_2024	11.4%	1.6%	13.6%	-12.1%	35.5%	33.7%	0.04	0.18	0.25	1.07	0.05	1.68	39.0%	603	38d	10.4%	7.0%	332,876 → 5,828 → 5,755 → 5,733 → 603 observed · qualified · market · attempts · fills· 339 band rejects	10.3%	10.0%	$1,176	75.4×
research DD > 30% · no holdout	THT_REV_X3_G3 tht_revised_stage_g_dev_2016_2022_v2	development_2016_2022	11.5%	1.6%	—	—	35.9%	—	0.04	0.19	0.26	1.09	0.05	1.63	39.9%	328	59d	14.4%	7.8%	302,663 → 5,477 → 5,476 → 5,465 → 328 observed · qualified · market · attempts · fills· 70 band rejects	6.0%	15.0%	$901	54.5×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_CONTROL_C15 equity_curve_tht_staged_development	development	8.1%	2.0%	13.1%	-11.1%	46.2%	33.7%	0.04	0.21	0.28	1.04	0.03	2.57	28.8%	535	26d	25.4%	9.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$7,589	62.6×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_LOW_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	5.7%	0.8%	13.6%	-12.8%	19.2%	33.7%	0.04	0.13	0.18	1.06	0.04	1.41	43.0%	286	40d	11.8%	8.3%	290,259 → 924 → 913 → 912 → 286 observed · qualified · market · attempts · fills· 306 band rejects	31.0%	10.0%	$592	39.2×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_LOW_R2 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	5.7%	0.8%	13.6%	-12.8%	19.2%	33.7%	0.04	0.13	0.18	1.06	0.04	1.41	43.0%	286	40d	11.8%	8.3%	290,259 → 924 → 913 → 912 → 286 observed · qualified · market · attempts · fills· 306 band rejects	31.0%	10.0%	$592	39.2×
research no holdout	THT_REV_X3_G1_K3_U0 tht_revised_stage_u_dev_2016_2022_v2	development_2016_2022_risk_sized	8.4%	1.2%	—	—	27.9%	—	0.04	0.16	0.21	1.07	0.04	1.50	41.7%	369	60d	11.9%	7.5%	302,663 → 2,724 → 2,701 → 2,693 → 369 observed · qualified · market · attempts · fills· 54 band rejects	13.5%	15.0%	$950	53.9×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_S33 tht_presenter_staged_allocation_dev_2016_2022	development_2016_2022	11.6%	1.6%	—	—	38.8%	—	0.04	0.18	0.25	1.19	0.06	0.59	66.8%	582	138d	10.3%	15.2%	302,663 → 7,643 → 7,643 → 7,618 → 582 observed · qualified · market · attempts · fills· 0 band rejects	7.6%	10.0%	$743	22.3×
research DD > 30% · no holdout	THT_PRES_RANK_U2_BLEND tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	11.0%	1.5%	—	—	37.3%	—	0.04	0.18	0.24	1.12	0.04	0.64	63.7%	344	149d	14.5%	20.8%	302,663 → 19,903 → 19,903 → 19,849 → 344 observed · qualified · market · attempts · fills· 0 band rejects	1.7%	10.0%	$536	23.0×
research DD > 30% · no holdout	THT_REV_X5_G1_K4_U0 tht_revised_stage_u_dev_2016_2022	development_2016_2022	8.8%	1.2%	—	—	30.4%	—	0.04	0.16	0.22	1.07	0.04	1.37	43.9%	317	68d	12.2%	8.0%	302,663 → 2,724 → 2,701 → 2,693 → 317 observed · qualified · market · attempts · fills· 54 band rejects	11.6%	15.0%	$900	52.9×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_CONTROL_C10 equity_curve_tht_staged_development	development	7.3%	1.8%	13.1%	-11.3%	45.8%	33.7%	0.04	0.20	0.27	1.04	0.03	2.55	28.9%	529	26d	25.8%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$7,244	59.5×
research DD > 30% · no holdout	THT_REV_X3_G3 tht_revised_stage_g_dev_2016_2022	development_2016_2022	10.1%	1.4%	—	—	35.8%	—	0.04	0.17	0.24	1.08	0.05	1.65	39.5%	332	59d	14.3%	7.8%	302,663 → 5,477 → 5,476 → 5,465 → 332 observed · qualified · market · attempts · fills· 70 band rejects	6.1%	15.0%	$906	54.7×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_BASE equity_curve_tht_market_development	development	7.1%	1.8%	13.1%	-11.3%	45.8%	33.7%	0.04	0.20	0.27	1.04	0.03	2.55	28.9%	529	26d	25.8%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$7,238	59.5×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U1_PREF tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	10.3%	1.5%	—	—	41.8%	—	0.04	0.18	0.25	1.11	0.03	0.54	67.4%	331	152d	14.3%	24.0%	281,221 → 15,087 → 15,087 → 15,051 → 331 observed · qualified · market · attempts · fills· 0 band rejects	2.2%	10.0%	$517	22.5×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_S50 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	9.8%	1.4%	—	—	40.7%	—	0.03	0.17	0.23	1.10	0.03	0.50	68.9%	650	129d	12.4%	29.3%	302,663 → 15,087 → 15,087 → 15,250 → 650 observed · qualified · market · attempts · fills· 0 band rejects	4.3%	10.0%	$819	25.4×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C10 equity_curve_tht_staged_development	development	5.7%	1.4%	13.1%	-11.7%	43.2%	33.7%	0.03	0.18	0.24	1.03	0.02	2.24	31.4%	547	23d	20.8%	8.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$7,697	62.7×
research CAGR ≤ SPY	THT_MC_BX_E1 equity_curve_tht_market_holdout	holdout	0.1%	0.1%	18.1%	-18.0%	4.2%	18.8%	0.03	0.05	0.08	1.03	0.02	2.82	26.7%	15	20d	27.5%	9.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	5.0%	$174	1.5×
research DD > 30% · no holdout	THT_PRES_ALLOC_U0_S33 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	8.3%	1.1%	—	—	37.5%	—	0.03	0.16	0.21	1.12	0.04	0.55	67.0%	625	131d	9.9%	15.8%	302,663 → 7,643 → 7,643 → 7,814 → 625 observed · qualified · market · attempts · fills· 0 band rejects	8.2%	10.0%	$793	23.8×
research no holdout · CAGR ≤ SPY	THT_MC_FULL equity_curve_tht_market_development	development	3.4%	0.9%	13.1%	-12.2%	28.4%	33.7%	0.03	0.15	0.22	1.05	0.03	3.14	25.0%	220	24d	28.5%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,768	23.2×
research no holdout · CAGR ≤ SPY	THT_MC_SPY_THROTTLE equity_curve_tht_market_development	development	3.3%	0.8%	13.1%	-12.3%	28.4%	33.7%	0.03	0.14	0.22	1.04	0.03	3.13	25.0%	220	24d	28.4%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,768	23.2×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_SPX_R3 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	6.9%	1.0%	13.6%	-12.7%	33.8%	33.7%	0.03	0.14	0.19	1.05	0.03	1.94	35.0%	582	39d	11.5%	6.9%	290,259 → 12,277 → 12,120 → 12,109 → 582 observed · qualified · market · attempts · fills· 2,128 band rejects	4.7%	10.0%	$1,106	69.9×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_SPX_R3 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	6.9%	1.0%	13.6%	-12.7%	33.8%	33.7%	0.03	0.14	0.19	1.05	0.03	1.94	35.0%	582	39d	11.5%	6.9%	290,259 → 12,277 → 12,120 → 12,109 → 582 observed · qualified · market · attempts · fills· 2,128 band rejects	4.7%	10.0%	$1,106	69.9×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_UNION_R3 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	6.9%	1.0%	13.6%	-12.7%	33.8%	33.7%	0.03	0.14	0.19	1.05	0.03	1.94	35.0%	582	39d	11.5%	6.9%	290,259 → 12,277 → 12,120 → 12,109 → 582 observed · qualified · market · attempts · fills· 2,128 band rejects	4.7%	10.0%	$1,106	69.9×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_TR_UNION_R3 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	6.9%	1.0%	13.6%	-12.7%	33.8%	33.7%	0.03	0.14	0.19	1.05	0.03	1.94	35.0%	582	39d	11.5%	6.9%	290,259 → 12,277 → 12,120 → 12,109 → 582 observed · qualified · market · attempts · fills· 2,128 band rejects	4.7%	10.0%	$1,106	69.9×
research DD > 30% · no holdout	THT_PRES_RANK_U1_LEAD tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	8.1%	1.1%	—	—	40.3%	—	0.03	0.16	0.22	1.09	0.03	0.60	64.6%	410	126d	11.1%	18.3%	302,663 → 15,087 → 15,087 → 15,045 → 410 observed · qualified · market · attempts · fills· 0 band rejects	2.7%	10.0%	$630	26.3×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E2 equity_curve_tht_market_validation	validation	0.3%	0.2%	25.9%	-25.7%	7.5%	10.0%	0.02	0.06	0.08	1.02	0.01	1.85	35.6%	59	26d	15.6%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$808	5.8×
research no holdout · CAGR ≤ SPY	THT_MC_BX_E2_PA equity_curve_tht_market_validation	validation	0.3%	0.2%	25.9%	-25.7%	7.5%	10.0%	0.02	0.06	0.08	1.02	0.01	1.85	35.6%	59	26d	15.6%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$808	5.8×
research DD > 30% · no holdout	THT_PRES_ORIGIN_U1_HARD tht_presenter_stage_origin_dev_2016_2022	development_2016_2022	6.3%	1.0%	—	—	43.9%	—	0.02	0.15	0.21	1.06	0.02	0.51	67.4%	322	146d	14.1%	25.9%	281,221 → 11,411 → 11,411 → 11,378 → 322 observed · qualified · market · attempts · fills· 0 band rejects	2.8%	10.0%	$507	22.6×
research no holdout · CAGR ≤ SPY	THT_MC_SPY_BOTH equity_curve_tht_market_development	development	2.2%	0.5%	13.1%	-12.5%	26.3%	33.7%	0.02	0.12	0.19	1.05	0.03	3.00	25.9%	139	24d	25.8%	8.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,849	15.0×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_CONTROL_C20 equity_curve_tht_staged_development	development	3.7%	0.9%	13.1%	-12.2%	47.7%	33.7%	0.02	0.17	0.23	1.02	0.01	2.52	28.8%	538	26d	25.4%	9.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$7,494	61.8×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	3.4%	0.5%	13.6%	-13.1%	26.3%	33.7%	0.02	0.10	0.14	1.03	0.02	1.74	37.2%	355	39d	13.1%	7.6%	290,259 → 1,336 → 1,321 → 1,321 → 355 observed · qualified · market · attempts · fills· 528 band rejects	26.6%	10.0%	$745	49.7×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_proxy_dev_2018_2024	development_2018_2024	3.4%	0.5%	13.6%	-13.1%	26.3%	33.7%	0.02	0.10	0.14	1.03	0.02	1.74	37.2%	355	39d	13.1%	7.6%	290,259 → 1,336 → 1,321 → 1,321 → 355 observed · qualified · market · attempts · fills· 528 band rejects	26.6%	10.0%	$745	49.7×
research DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_CONTROL_C15 equity_curve_tht_staged_development	development	2.7%	0.7%	13.1%	-12.4%	57.9%	33.7%	0.01	0.19	0.27	1.01	0.01	2.61	27.9%	810	26d	26.5%	17.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$10,833	88.3×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX equity_curve_tht_stage5_development	development	2.7%	0.7%	13.1%	-12.4%	57.9%	33.7%	0.01	0.19	0.27	0.60	-0.29	1.56	27.9%	810	26d	26.5%	17.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$10,833	88.3×
research E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX equity_curve_tht_stage5_development	development	2.7%	0.7%	13.1%	-12.4%	57.9%	33.7%	0.01	0.19	0.27	1.01	-0.29	1.56	27.9%	810	26d	26.5%	17.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$10,833	88.3×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	1.5%	0.2%	14.1%	-13.9%	29.7%	33.7%	0.01	0.07	0.10	1.01	0.01	1.67	37.7%	419	39d	12.8%	7.7%	331,536 → 1,524 → 1,509 → 1,505 → 419 observed · qualified · market · attempts · fills· 598 band rejects	27.5%	10.0%	$863	57.0×
research no holdout · CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_proxy_full_2018_2025	full_2018_2025_descriptive	1.5%	0.2%	14.1%	-13.9%	29.7%	33.7%	0.01	0.07	0.10	1.01	0.01	1.67	37.7%	419	39d	12.8%	7.7%	331,536 → 1,524 → 1,509 → 1,505 → 419 observed · qualified · market · attempts · fills· 598 band rejects	27.5%	10.0%	$863	57.0×
research no holdout · CAGR ≤ SPY	THT_ENTRY_LOWER_HALF equity_curve_tht_entry_semantics_validation.stale-20260719T071314Z	validation	0.0%	0.0%	25.9%	-25.9%	0.9%	10.0%	0.00	0.01	0.02	1.02	0.01	2.04	33.3%	3	41d	10.7%	5.2%	106,406 → 3,052 → 1,602 → 1,602 → 3 observed · qualified · market · attempts · fills	0.1%	7.1%	$4	0.2×
research no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT_FILL equity_curve_tht_entry_semantics_validation.stale-20260719T071314Z	validation	0.0%	0.0%	25.9%	-25.9%	0.9%	10.0%	0.00	0.01	0.02	1.02	0.01	2.04	33.3%	3	41d	10.7%	5.2%	106,406 → 6,033 → 3,164 → 3,164 → 3 observed · qualified · market · attempts · fills	0.0%	7.1%	$4	0.2×
research no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_LIMIT equity_curve_tht_entry_semantics_validation.stale-20260719T071314Z	validation	0.0%	0.0%	25.9%	-25.9%	0.9%	10.0%	0.00	0.01	0.02	1.02	0.01	2.04	33.3%	3	41d	10.7%	5.2%	106,406 → 6,033 → 3,164 → 3,164 → 3 observed · qualified · market · attempts · fills	0.0%	7.1%	$4	0.2×
research DD > 30% · no holdout	THT_PRES_ALLOC_U1_S33 tht_presenter_staged_allocation_proof_dev_2016_2022	development_2016_2022	1.4%	0.2%	—	—	46.5%	—	0.00	0.12	0.16	1.01	0.00	0.47	68.3%	630	133d	12.8%	23.2%	302,663 → 15,087 → 15,087 → 15,243 → 630 observed · qualified · market · attempts · fills· 0 band rejects	4.2%	10.0%	$805	25.1×
research no holdout	THT_REV_X5_G1_K3_U2 tht_revised_stage_u_dev_2016_2022	development_2016_2022	0.6%	0.1%	—	—	24.1%	—	0.00	0.07	0.10	1.00	0.00	1.31	43.4%	320	64d	14.1%	9.7%	302,663 → 6,900 → 6,846 → 6,822 → 320 observed · qualified · market · attempts · fills· 108 band rejects	4.6%	15.0%	$866	49.8×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_REV_X5_G1_K3_U0 tht_revised_stage_u_dev_2016_2022	development_2016_2022	-0.0%	0.0%	—	—	31.0%	—	-0.00	0.06	0.08	1.00	-0.00	1.37	42.2%	327	65d	11.9%	7.8%	302,663 → 2,724 → 2,701 → 2,693 → 327 observed · qualified · market · attempts · fills· 54 band rejects	12.0%	15.0%	$916	53.9×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_RANK_BX_ONLY equity_curve_tht_ranking_development	development	-0.1%	-0.0%	13.1%	-13.1%	11.5%	33.7%	-0.00	0.02	0.03	1.00	-0.00	2.21	31.1%	132	38d	26.6%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	10.0%	$180	8.8×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_RANK_BX_ONLY equity_curve_tht_ranking_development	development	-0.1%	-0.0%	13.1%	-13.1%	11.5%	33.7%	-0.00	0.02	0.03	1.00	-0.00	2.21	31.1%	132	38d	26.6%	10.8%	186,103 → 4,720 → 3,032 → 3,014 → 132 observed · qualified · market · attempts · fills	2.8%	10.0%	$180	8.8×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_B2_N30_C15 tht_presenter_baseline_dev_2016_2022	development_2016_2022	-1.1%	-0.2%	—	—	51.1%	—	-0.00	0.13	0.18	0.99	-0.00	0.59	62.6%	310	154d	20.9%	30.1%	281,221 → 26,743 → 26,743 → 26,673 → 310 observed · qualified · market · attempts · fills· 0 band rejects	1.2%	12.1%	$468	21.7×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_C2_N30_C20 tht_presenter_stage_c_dev_2016_2022	development_2016_2022	-1.1%	-0.2%	—	—	51.1%	—	-0.00	0.13	0.18	0.99	-0.00	0.59	62.6%	310	154d	20.9%	30.1%	281,221 → 26,743 → 26,743 → 26,673 → 310 observed · qualified · market · attempts · fills· 0 band rejects	1.2%	12.1%	$468	21.7×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_C1_N30_C10 tht_presenter_stage_c_dev_2016_2022	development_2016_2022	-1.1%	-0.2%	—	—	49.5%	—	-0.00	0.12	0.17	0.99	-0.00	0.59	62.7%	308	153d	20.8%	29.4%	281,221 → 26,743 → 26,743 → 26,673 → 308 observed · qualified · market · attempts · fills· 0 band rejects	1.2%	10.0%	$466	21.6×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_U_U3_N30_C10 tht_presenter_stage_u_dev_2016_2022	development_2016_2022	-1.1%	-0.2%	—	—	49.5%	—	-0.00	0.12	0.17	0.99	-0.00	0.59	62.7%	308	153d	20.8%	29.4%	281,221 → 26,743 → 26,743 → 26,673 → 308 observed · qualified · market · attempts · fills· 0 band rejects	1.2%	10.0%	$466	21.6×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_PROG_U1_P50 tht_presenter_progressive_allocation_dev_2016_2022	development_2016_2022	-2.0%	-0.3%	—	—	48.4%	—	-0.01	0.10	0.14	0.98	-0.01	0.49	66.7%	504	134d	13.4%	98.8%	302,663 → 15,087 → 15,087 → 15,366 → 504 observed · qualified · market · attempts · fills· 0 band rejects	3.3%	10.0%	$693	26.0×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C15 equity_curve_tht_staged_development	development	-1.2%	-0.3%	13.1%	-13.4%	45.8%	33.7%	-0.01	0.11	0.15	0.99	-0.00	2.18	31.3%	553	23d	20.8%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$7,694	62.4×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C15_T120 equity_curve_tht_staged_development	development	-1.2%	-0.3%	13.1%	-13.4%	45.8%	33.7%	-0.01	0.11	0.15	0.99	-0.00	2.18	31.3%	553	23d	20.8%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$7,694	62.4×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_CONTROL_C20 equity_curve_tht_staged_development	development	-2.3%	-0.6%	13.1%	-13.7%	60.2%	33.7%	-0.01	0.16	0.23	0.99	-0.01	2.62	27.5%	794	25d	26.4%	17.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$11,003	89.8×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_MC_FULL_FV_RANK equity_curve_tht_market_development	development	-2.0%	-0.5%	13.1%	-13.6%	46.0%	33.7%	-0.01	0.09	0.13	0.98	-0.02	3.60	21.4%	276	18d	29.5%	7.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,913	30.7×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ENTRY_STRICT equity_curve_tht_entry_semantics_validation.stale-20260719T071314Z	validation	-0.0%	-0.0%	25.9%	-25.9%	1.2%	10.0%	-0.02	-0.04	-0.05	0.90	-0.07	2.70	25.0%	4	37d	10.7%	4.3%	106,406 → 6,033 → 3,164 → 3,164 → 4 observed · qualified · market · attempts · fills	0.1%	10.0%	$6	0.3×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C20 equity_curve_tht_staged_development	development	-3.5%	-0.9%	13.1%	-14.0%	46.5%	33.7%	-0.02	0.09	0.11	0.98	-0.01	2.16	31.3%	556	23d	20.7%	9.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$7,665	62.1×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_RANK_U2_LEAD tht_presenter_ranking_matrix_dev_2016_2022	development_2016_2022	-9.3%	-1.4%	—	—	42.5%	—	-0.03	0.05	0.07	0.91	-0.04	0.60	60.4%	389	133d	13.2%	18.9%	302,663 → 19,903 → 19,903 → 19,847 → 389 observed · qualified · market · attempts · fills· 0 band rejects	2.0%	10.0%	$590	24.7×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ENTRY_NEAR_CONTROL equity_curve_tht_entry_semantics_validation.stale-20260719T071314Z	validation	-0.1%	-0.1%	25.9%	-26.0%	1.4%	10.0%	-0.05	-0.11	-0.15	0.75	-0.19	2.25	25.0%	4	46d	10.7%	5.1%	106,406 → 7,750 → 4,058 → 4,058 → 4 observed · qualified · market · attempts · fills	0.1%	10.0%	$6	0.3×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C10 equity_curve_tht_staged_validation	validation	-2.2%	-1.1%	25.9%	-27.0%	20.6%	10.0%	-0.05	0.02	0.02	0.97	-0.02	2.31	29.5%	295	21d	16.7%	7.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,842	26.8×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_B0_N20_C15 tht_presenter_baseline_dev_2016_2022	development_2016_2022	-18.8%	-3.2%	—	—	55.8%	—	-0.06	0.02	0.03	0.87	-0.05	0.59	59.4%	219	155d	18.7%	29.9%	281,221 → 26,743 → 26,743 → 26,674 → 219 observed · qualified · market · attempts · fills· 0 band rejects	0.8%	15.0%	$386	20.8×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_SPY_BASIS equity_curve_tht_market_development	development	-7.5%	-1.9%	13.1%	-15.0%	28.7%	33.7%	-0.07	0.02	0.03	0.90	-0.08	2.83	24.1%	249	24d	23.9%	8.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,017	24.3×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout	THT_PRES_B1_N25_C15 tht_presenter_baseline_dev_2016_2022	development_2016_2022	-20.4%	-3.5%	—	—	52.0%	—	-0.07	-0.01	-0.01	0.83	-0.07	0.56	59.9%	252	158d	17.9%	28.9%	281,221 → 26,743 → 26,743 → 26,674 → 252 observed · qualified · market · attempts · fills· 0 band rejects	0.9%	13.0%	$387	18.5×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_CONTROL_C10 equity_curve_tht_staged_validation	validation	-3.2%	-1.6%	25.9%	-27.5%	20.5%	10.0%	-0.08	-0.00	-0.00	0.95	-0.03	2.42	28.2%	294	21d	17.5%	7.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,833	26.8×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_BASE equity_curve_tht_market_validation	validation	-3.2%	-1.6%	25.9%	-27.5%	20.5%	10.0%	-0.08	-0.00	-0.00	0.95	-0.03	2.42	28.2%	294	21d	17.5%	7.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$3,833	26.8×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C15 equity_curve_tht_staged_validation	validation	-5.1%	-2.6%	25.9%	-28.5%	23.0%	10.0%	-0.11	-0.06	-0.08	0.93	-0.05	2.26	29.1%	299	21d	16.7%	7.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,934	27.3×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C15_T120 equity_curve_tht_staged_validation	validation	-5.1%	-2.6%	25.9%	-28.5%	23.0%	10.0%	-0.11	-0.06	-0.08	0.93	-0.05	2.26	29.1%	299	21d	16.7%	7.1%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,934	27.3×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_C20 equity_curve_tht_staged_validation	validation	-6.2%	-3.1%	25.9%	-29.0%	24.3%	10.0%	-0.13	-0.08	-0.12	0.91	-0.06	2.24	28.9%	301	21d	16.7%	7.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$3,972	27.4×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ENTRY_UPPER_HALF equity_curve_tht_entry_semantics_validation.stale-20260719T071314Z	validation	-0.1%	-0.1%	25.9%	-26.0%	0.4%	10.0%	-0.14	-0.36	-0.47	0.64	-0.18	0.64	50.0%	2	15d	5.5%	8.6%	106,406 → 2,981 → 1,562 → 1,562 → 2 observed · qualified · market · attempts · fills	0.1%	3.6%	$3	0.1×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_CONTROL_C15 equity_curve_tht_staged_validation	validation	-6.8%	-3.5%	25.9%	-29.4%	22.4%	10.0%	-0.16	-0.09	-0.13	0.90	-0.07	2.37	27.6%	301	21d	17.6%	7.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$3,927	27.3×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_BX_E3 equity_curve_tht_market_validation	validation	-3.3%	-1.7%	25.9%	-27.6%	9.9%	10.0%	-0.17	-0.17	-0.24	0.85	-0.10	1.65	34.2%	79	25d	15.0%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,077	7.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_BX_E3_PA equity_curve_tht_market_validation	validation	-3.3%	-1.7%	25.9%	-27.6%	9.9%	10.0%	-0.17	-0.17	-0.24	0.85	-0.10	1.65	34.2%	79	25d	15.0%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,077	7.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_SPY_BX equity_curve_tht_market_validation	validation	-3.3%	-1.7%	25.9%	-27.6%	9.9%	10.0%	-0.17	-0.17	-0.24	0.85	-0.10	1.65	34.2%	79	25d	15.0%	8.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,077	7.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_EPISODE_CONTROL_C20 equity_curve_tht_staged_validation	validation	-8.0%	-4.1%	25.9%	-30.0%	23.8%	10.0%	-0.17	-0.12	-0.17	0.89	-0.08	2.35	27.5%	302	21d	17.6%	7.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$3,968	27.4×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_WEEKLY_C15 equity_curve_tht_staged_validation	validation	-9.8%	-5.1%	25.9%	-30.9%	25.9%	10.0%	-0.19	-0.09	-0.13	0.90	-0.07	2.30	28.0%	485	23d	15.8%	24.7%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,216	36.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ENTRY_LOWER_HALF equity_curve_tht_entry_semantics_validation	validation	-2.7%	-1.4%	25.9%	-27.2%	6.8%	10.0%	-0.20	-0.21	-0.30	0.79	-0.15	2.03	27.9%	43	29d	23.5%	11.5%	106,406 → 3,052 → 1,602 → 1,602 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$68	3.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ENTRY_LOWER_HALF equity_curve_tht_entry_semantics_validation	validation	-2.7%	-1.4%	25.9%	-27.2%	6.8%	10.0%	-0.20	-0.21	-0.30	0.79	-0.15	2.03	27.9%	43	29d	23.5%	11.5%	106,406 → 3,052 → 1,602 → 1,602 → 43 observed · qualified · market · attempts · fills	1.4%	7.1%	$68	3.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_TOP3_PROFITADD equity_curve_tht_market_validation	validation	-7.5%	-3.8%	25.9%	-29.7%	19.3%	10.0%	-0.20	-0.26	-0.36	0.84	-0.12	2.47	25.4%	185	20d	18.6%	7.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,425	17.1×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_validation	validation	-11.6%	-6.0%	25.9%	-31.9%	28.7%	10.0%	-0.21	-0.13	-0.18	0.52	-0.35	1.36	27.7%	470	23d	16.5%	12.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,034	35.4×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX_X1_15 equity_curve_tht_stage5_validation	validation	-11.6%	-6.0%	25.9%	-31.9%	28.7%	10.0%	-0.21	-0.13	-0.18	0.88	-0.35	1.36	27.7%	470	23d	16.5%	12.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,034	35.4×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_TOP3 equity_curve_tht_market_validation	validation	-8.5%	-4.3%	25.9%	-30.2%	20.0%	10.0%	-0.22	-0.30	-0.42	0.82	-0.13	2.47	25.0%	188	20d	18.6%	7.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,442	17.3×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_TOP3_SECTOR2 equity_curve_tht_market_validation	validation	-8.5%	-4.3%	25.9%	-30.2%	20.0%	10.0%	-0.22	-0.30	-0.42	0.82	-0.13	2.47	25.0%	188	20d	18.6%	7.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,442	17.3×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_CONTROL_C15 equity_curve_tht_staged_validation	validation	-12.4%	-6.4%	25.9%	-32.3%	28.6%	10.0%	-0.22	-0.14	-0.19	0.87	-0.09	2.29	27.5%	465	23d	16.4%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,007	35.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX equity_curve_tht_stage5_validation	validation	-12.4%	-6.4%	25.9%	-32.3%	28.6%	10.0%	-0.22	-0.14	-0.19	0.52	-0.34	1.38	27.5%	465	23d	16.4%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,007	35.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_S5_LOWER_BX equity_curve_tht_stage5_validation	validation	-12.4%	-6.4%	25.9%	-32.3%	28.6%	10.0%	-0.22	-0.14	-0.19	0.87	-0.34	1.38	27.5%	465	23d	16.4%	11.9%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$5,007	35.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_ST_CONTROL_C20 equity_curve_tht_staged_validation	validation	-13.1%	-6.8%	25.9%	-32.7%	29.8%	10.0%	-0.23	-0.15	-0.21	0.86	-0.10	2.44	26.1%	456	23d	16.8%	16.8%	— → — → — → — → — observed · qualified · market · attempts · fills	—	20.0%	$4,948	34.9×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_fill_smoke	smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 5 → 5 → 5 → 1 observed · qualified · market · attempts · fills	20.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R0 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 5 → 5 → 5 → 1 observed · qualified · market · attempts · fills· 2 band rejects	20.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_fill_smoke	smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 4 → 4 → 4 → 1 observed · qualified · market · attempts · fills	25.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_SWEEP_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 4 → 4 → 4 → 1 observed · qualified · market · attempts · fills· 2 band rejects	25.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R0 equity_curve_tht_touch_fill_smoke	smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 5 → 5 → 5 → 1 observed · qualified · market · attempts · fills	20.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R0 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 5 → 5 → 5 → 1 observed · qualified · market · attempts · fills· 2 band rejects	20.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_SWEEP_R2 equity_curve_tht_touch_fill_smoke	smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 4 → 4 → 4 → 1 observed · qualified · market · attempts · fills	25.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_SWEEP_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.6%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.47	-0.64	0.00	0.00	0.00	0.0%	1	49d	0.0%	6.4%	525 → 4 → 4 → 4 → 1 observed · qualified · market · attempts · fills· 2 band rejects	25.0%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R1 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R1 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills· 2 band rejects	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R2 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills· 2 band rejects	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R3 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_R3 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills· 2 band rejects	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R1 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R1 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills· 2 band rejects	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R2 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills· 2 band rejects	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R3 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_R3 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.25	-0.48	-0.64	0.00	0.00	0.00	0.0%	2	30d	0.0%	20.7%	525 → 7 → 7 → 7 → 2 observed · qualified · market · attempts · fills· 2 band rejects	28.6%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_LOW_R2 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.27	-0.51	-0.68	0.00	0.00	0.00	0.0%	2	27d	0.0%	23.3%	525 → 3 → 3 → 3 → 2 observed · qualified · market · attempts · fills	66.7%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_SPX_LOW_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.27	-0.51	-0.68	0.00	0.00	0.00	0.0%	2	27d	0.0%	23.3%	525 → 3 → 3 → 3 → 2 observed · qualified · market · attempts · fills· 0 band rejects	66.7%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_LOW_R2 equity_curve_tht_touch_fill_smoke	smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.27	-0.51	-0.68	0.00	0.00	0.00	0.0%	2	27d	0.0%	23.3%	525 → 3 → 3 → 3 → 2 observed · qualified · market · attempts · fills	66.7%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_UNION_LOW_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-0.7%	-0.3%	21.6%	-22.0%	1.3%	18.8%	-0.27	-0.51	-0.68	0.00	0.00	0.00	0.0%	2	27d	0.0%	23.3%	525 → 3 → 3 → 3 → 2 observed · qualified · market · attempts · fills· 0 band rejects	66.7%	10.0%	$3	0.2×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_SPY_BOTH equity_curve_tht_market_validation	validation	-4.3%	-2.2%	25.9%	-28.1%	8.1%	10.0%	-0.27	-0.26	-0.38	0.80	-0.13	1.71	31.9%	72	24d	16.0%	9.2%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$984	6.9×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_SPY_BASIS equity_curve_tht_market_validation	validation	-11.0%	-5.7%	25.9%	-31.6%	19.8%	10.0%	-0.29	-0.44	-0.61	0.76	-0.19	2.52	23.2%	177	19d	19.2%	7.4%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$2,264	15.9×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	-6.3%	-6.4%	18.1%	-24.5%	21.0%	18.8%	-0.30	-0.39	-0.49	0.78	-0.12	0.94	45.4%	97	36d	11.3%	10.0%	42,074 → 316 → 316 → 311 → 97 observed · qualified · market · attempts · fills· 55 band rejects	30.7%	10.0%	$160	9.3×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_proxy_holdout_2025	holdout_2025	-6.3%	-6.4%	18.1%	-24.5%	21.0%	18.8%	-0.30	-0.39	-0.49	0.78	-0.12	0.94	45.4%	97	36d	11.3%	10.0%	42,074 → 316 → 316 → 311 → 97 observed · qualified · market · attempts · fills· 55 band rejects	30.7%	10.0%	$160	9.3×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · no holdout · CAGR ≤ SPY	THT_ST_CONTROL_C10 equity_curve_tht_staged_validation	validation	-19.5%	-10.3%	25.9%	-36.2%	33.1%	10.0%	-0.31	-0.33	-0.45	0.79	-0.16	2.21	26.3%	479	23d	16.7%	10.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$4,867	33.4×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R0 equity_curve_tht_touch_fill_smoke	smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	7	30d	0.0%	20.3%	525 → 14 → 14 → 14 → 7 observed · qualified · market · attempts · fills	50.0%	10.0%	$11	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R0 equity_curve_tht_touch_summary_smoke	integration_smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	7	30d	0.0%	20.3%	525 → 14 → 14 → 14 → 7 observed · qualified · market · attempts · fills· 3 band rejects	50.0%	10.0%	$11	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R1 equity_curve_tht_touch_fill_smoke	smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	8	27d	0.0%	22.1%	525 → 16 → 16 → 16 → 8 observed · qualified · market · attempts · fills	50.0%	10.0%	$12	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R1 equity_curve_tht_touch_summary_smoke	integration_smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	8	27d	0.0%	22.1%	525 → 16 → 16 → 16 → 8 observed · qualified · market · attempts · fills· 3 band rejects	50.0%	10.0%	$12	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R2 equity_curve_tht_touch_fill_smoke	smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	8	27d	0.0%	22.1%	525 → 16 → 16 → 16 → 8 observed · qualified · market · attempts · fills	50.0%	10.0%	$12	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	8	27d	0.0%	22.1%	525 → 16 → 16 → 16 → 8 observed · qualified · market · attempts · fills· 3 band rejects	50.0%	10.0%	$12	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R3 equity_curve_tht_touch_fill_smoke	smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	8	27d	0.0%	22.1%	525 → 16 → 16 → 16 → 8 observed · qualified · market · attempts · fills	50.0%	10.0%	$12	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_R3 equity_curve_tht_touch_summary_smoke	integration_smoke	-2.5%	-1.3%	21.6%	-22.9%	3.8%	18.8%	-0.34	-0.76	-1.03	0.00	0.00	0.00	0.0%	8	27d	0.0%	22.1%	525 → 16 → 16 → 16 → 8 observed · qualified · market · attempts · fills· 3 band rejects	50.0%	10.0%	$12	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_SWEEP_R2 equity_curve_tht_touch_fill_smoke	smoke	-2.6%	-1.3%	21.6%	-23.0%	3.9%	18.8%	-0.34	-0.83	-1.11	0.00	0.00	0.00	0.0%	6	31d	0.0%	10.2%	525 → 9 → 9 → 9 → 6 observed · qualified · market · attempts · fills	66.7%	10.0%	$11	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_SWEEP_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-2.6%	-1.3%	21.6%	-23.0%	3.9%	18.8%	-0.34	-0.83	-1.11	0.00	0.00	0.00	0.0%	6	31d	0.0%	10.2%	525 → 9 → 9 → 9 → 6 observed · qualified · market · attempts · fills· 2 band rejects	66.7%	10.0%	$11	0.6×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_FULL_FV_RANK equity_curve_tht_market_validation	validation	-11.8%	-6.1%	25.9%	-32.0%	17.4%	10.0%	-0.35	-0.31	-0.43	0.75	-0.21	3.79	16.4%	140	17d	33.3%	8.6%	— → — → — → — → — observed · qualified · market · attempts · fills	—	9.5%	$2,622	12.7×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_FULL equity_curve_tht_market_validation	validation	-6.7%	-3.4%	25.9%	-29.3%	9.7%	10.0%	-0.35	-0.39	-0.54	0.77	-0.16	1.68	31.4%	105	22d	14.1%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,350	10.1×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_MC_SPY_THROTTLE equity_curve_tht_market_validation	validation	-6.7%	-3.4%	25.9%	-29.3%	9.7%	10.0%	-0.35	-0.39	-0.54	0.77	-0.16	1.68	31.4%	105	22d	14.1%	8.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	10.0%	$1,350	10.1×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_LOW_R2 equity_curve_tht_touch_fill_smoke	smoke	-1.8%	-0.9%	21.6%	-22.5%	2.1%	18.8%	-0.43	-0.98	-1.20	0.00	0.00	0.00	0.0%	4	23d	0.0%	20.6%	525 → 7 → 7 → 7 → 4 observed · qualified · market · attempts · fills	57.1%	10.0%	$7	0.4×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_LIQ_LOW_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	-1.8%	-0.9%	21.6%	-22.5%	2.1%	18.8%	-0.43	-0.98	-1.20	0.00	0.00	0.00	0.0%	4	23d	0.0%	20.6%	525 → 7 → 7 → 7 → 4 observed · qualified · market · attempts · fills· 1 band rejects	57.1%	10.0%	$7	0.4×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · CAGR ≤ SPY	THT_S5_GRID_BX_C15_H08 equity_curve_tht_final_holdout	holdout	-26.2%	-26.4%	18.1%	-44.5%	33.5%	18.8%	-0.79	-0.74	-1.06	0.36	-0.35	0.44	44.8%	29	139d	18.6%	42.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$454	3.1×
research PF ≤ 1 · E(R) ≤ 0 · DD > 30% · CAGR ≤ SPY	THT_S5_GRID_BX_C15_H08 equity_curve_tht_final_holdout	holdout	-26.2%	-26.4%	18.1%	-44.5%	33.5%	18.8%	-0.79	-0.74	-1.06	0.36	-0.35	0.44	44.8%	29	139d	18.6%	42.0%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$454	3.1×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_holdout	holdout	-23.3%	-23.4%	18.1%	-41.6%	29.6%	18.8%	-0.79	-0.65	-0.90	0.56	-0.22	0.56	50.0%	54	108d	18.6%	33.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$530	3.8×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT_S5_BX_ONLY equity_curve_tht_stage5_holdout	holdout	-23.3%	-23.4%	18.1%	-41.6%	29.6%	18.8%	-0.79	-0.65	-0.90	0.42	-0.22	0.56	50.0%	54	108d	18.6%	33.3%	— → — → — → — → — observed · qualified · market · attempts · fills	—	15.0%	$530	3.8×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BLEND_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BLEND_THROTTLE equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BREAKOUT_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BREAKRS_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_BXSLOPE_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_FVB_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_FV_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_FV_THROTTLE equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_holdout_2025	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · CAGR ≤ SPY	THT14_UPPER_RS_BX equity_curve_tht_improvements_1_4_holdout_2025_v2	holdout	0.0%	0.0%	18.1%	-18.1%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	55,316 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U0_EQ tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U0_S33 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U0_S50 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U0_S67 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U1_EQ tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U1_S33 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U1_S50 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U1_S67 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U2_EQ tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U2_S33 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U2_S50 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_PRES_ALLOC_U2_S67 tht_presenter_staged_allocation_smoke	smoke	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	2,839 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E0 tht_revised_stage_e_predev_2010_2015	predevelopment_2010_2015	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	198,515 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E1 tht_revised_stage_e_predev_2010_2015	predevelopment_2010_2015	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	198,515 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E2 tht_revised_stage_e_predev_2010_2015	predevelopment_2010_2015	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	198,515 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E3 tht_revised_stage_e_predev_2010_2015	predevelopment_2010_2015	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	198,515 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout	THT_REV_X3_G1_K4_U3_D1_T1_P_R075_C15_E4 tht_revised_stage_e_predev_2010_2015	predevelopment_2010_2015	0.0%	0.0%	—	—	0.0%	—	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	198,515 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_LOW_R2 equity_curve_tht_touch_fill_smoke	smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_LOW_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_fill_smoke	smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R0 equity_curve_tht_touch_summary_smoke	integration_smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R1 equity_curve_tht_touch_fill_smoke	smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R1 equity_curve_tht_touch_summary_smoke	integration_smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R2 equity_curve_tht_touch_fill_smoke	smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_fill_smoke	smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_R3 equity_curve_tht_touch_summary_smoke	integration_smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_SWEEP_R2 equity_curve_tht_touch_fill_smoke	smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills	—	0.0%	$0	0.0×
research PF ≤ 1 · E(R) ≤ 0 · no holdout · CAGR ≤ SPY	THT_TR_NDX_SWEEP_R2 equity_curve_tht_touch_summary_smoke	integration_smoke	0.0%	0.0%	21.6%	-21.6%	0.0%	18.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.0%	0	0d	0.0%	0.0%	525 → 0 → 0 → 0 → 0 observed · qualified · market · attempts · fills· 0 band rejects	—	0.0%	$0	0.0×