Fashionably Late Strategy — Performance Summary

Backtest Period: Sep 21, 2025 – Nov 17, 2025

Instrument: MNQ

Session 5:00–13:30, 20MNQ sizing)

Key Performance Metrics

• Total P&L;: +$357,920 (overview) / +$17,870 (strategy window)

• Total Return: +632.48%

• Total Trades: 86

• Win Rate: 75.58% (65 winners / 21 losers)

• Profit Factor: 12.247

• Max Equity Drawdown: $502,750 (121.06%)

• Sharpe Ratio: 0.187

• Sortino Ratio: 0.235

Trade Quality Metrics

• Avg Winning Trade: $5,996.08

• Avg Losing Trade: –$1,515.48

• Avg Win / Avg Loss Ratio: 3.957 : 1

• Largest Winning Trade: $24,430.00

• Largest Losing Trade: $8,220.00

• Long Profit Factor: 10.161

• Short Profit Factor: 15.191

Strategy Strengths

1. Exceptionally high profit factor (12.247) showing deep asymmetric edge.

2. Strong 75.58% win rate  Supported by strict session logic and the FL System’s proprietary market-structure framework. 

3. Nearly 4:1 average win-to-loss ratio, providing robustness across conditions.

Equity Curve Behavior

Consistent upward slope, shallow pullbacks, and strong momentum capture via runner exits.

Prop Firm Readiness

Metrics indicate strong potential to pass Topstep, Apex, and other evaluations with proper sizing.