This comparison brings SW45, the pivot event, and PATs into one view.
It shows the strongest tick-sample result without claiming durability.
The charts line up training and holdout so the differences are easy to read.
Net dollars for training and holdout.
Drawdown comparison.
Exit counts by reason.
Training. Stronger net dollars.
Holdout. Positive, with worse drawdown.
Mix. Exit types shift enough to matter.