| Flag | Present |
|---|---|
| GATE_A_PASS | yes |
| GATE_A_FAIL | no |
| GATE_B_PASS | no |
| GATE_B_FAIL | no |
{
"state": "DEMO_RUNNING",
"updated_at": "2026-09-17T13:50:36.370210+00:00",
"reason": "demo_started",
"metrics": {}
}
none
# Pepperstone Razor — Research Report
> **Honest disclosure:** This is NOT a profitability guarantee.
> Walk-forward results on historical/synthetic data do not predict future returns.
> Trading involves risk of loss. Use demo thoroughly before any live micro size.
**Gate A:** `RESEARCH_PASS`
## Metrics
- Trades: 25
- Wins / Losses: 24 / 1
- Gross PnL: 1410.80
- Costs (spread+slip+commission): 45.90
- Net PnL: 1364.90
- Max drawdown %: 0.25
- OOS sharpe proxy: 1.2889
## Details
```json
{
"split_index": 1200,
"bars": 2000,
"final_equity": 11364.89999999997,
"oos_trade_returns": 11
}
```
## Cost model defaults
- Commission: 3.50 USD / lot / side (Pepperstone Razor-like)
- Slippage + spread applied on entries/exits
no log files under data/logs