{
  "declared_after_initial19_returns": true,
  "reason": "Own-trend-only normal CAGR35.41 with MDD40.12 breaches risk budget. Fixed equity70%, vol20, two different groups control; each paired with cash/gold10. No window search.",
  "rules": [
    {
      "name": "own_trend40_budget70_cash",
      "family": "own_trend40_budget70",
      "defense": "cash",
      "vol": 0.25
    },
    {
      "name": "own_trend40_budget70_gold10",
      "family": "own_trend40_budget70",
      "defense": "gold10",
      "vol": 0.25
    },
    {
      "name": "own_trend40_vol20_cash",
      "family": "own_trend40_vol20",
      "defense": "cash",
      "vol": 0.2
    },
    {
      "name": "own_trend40_vol20_gold10",
      "family": "own_trend40_vol20",
      "defense": "gold10",
      "vol": 0.2
    },
    {
      "name": "own_trend40_top2_cash",
      "family": "own_trend40_top2",
      "defense": "cash",
      "vol": 0.25
    },
    {
      "name": "own_trend40_top2_gold10",
      "family": "own_trend40_top2",
      "defense": "gold10",
      "vol": 0.25
    }
  ],
  "initial19_result_preserved": "initial19_result.json",
  "all_history_already_seen": true
}