Research Blog
Risk control research for independent traders.
Practical notes on MT5, Python, drawdown, portfolio heat, and the operational side of staying in the game.
This Week's Research: FX Statistical Arbitrage and Carry Momentum
A short update on Penfjell research into FX statistical arbitrage, carry-trade strength models, momentum entries, and risk-framework testing.
Penfjell S1.1 Monte Carlo Tests: What XAUUSD Path Stress Shows
A fair review of Penfjell S1.1 XAUUSD path-stress tests, comparing baseline and stitched Monte Carlo-style variants across profit, drawdown, and quality metrics.
The Journey to Penfjell S1.1
How a simple MACD transition idea became a multi-symbol MT5 strategy with a layered risk framework, demo evidence, and early live account observations.