Evidence
What the system was doing on 25 September 2026
This note is a snapshot of PERP KING in production, taken at 21:27 UTC on 25 September 2026. It counts markets, decisions, audit events, fills, and closed positions. It is not a rate of return, a win rate, or a forecast.
How to read this note
Two production sources are quoted, and they measure different things.
- Public status, read at 21:27:52 UTC. This is the same operational feed the site uses for live status. The decision window is the 24 hours before that read. A setup is counted once its forward outcome has been resolved, about an hour after the decision.
- Closed-trade ledger, every round trip still in the frozen record, from the first open on 6 September 2026 through the latest close at 09:13 UTC on 25 September 2026.
A fill is not a round trip. An audit event is not a trade. A refused setup is a WAIT, not a loss. Nothing below is a profit, a loss, or a promise about the next day. The formulas, thresholds, weights, and scoring that produce a decision are not in this note. The behaviour those decisions sit inside is described on intraday trading, market intelligence, order flow, and position management.
At 21:27 UTC
The public status was operational. The heartbeat was 10.8 seconds old. No position was open: 0 long, 0 short.
| What was counted | Figure | What it is |
|---|---|---|
| Markets monitored | 194 | The universe under watch at that moment |
| Audit events since 6 September 2026 | 2,610,476 | Every recorded engine event in the permanent audit trail from the first event that day |
| Audit events in the prior 24 hours | 494,586 | The same trail, limited to the 24 hours before the snapshot |
| Live exchange fills | 1,356 | Fills marked live in the fill record. One position can produce several fills |
The 24-hour audit volume splits into the public stages below. These are counts of recorded checks, not counts of orders sent.
| Stage in that 24 hours | Events |
|---|---|
| Market re-evaluations | 54,368 |
| Committee reviews | 15,868 |
| Risk & quality checks | 74,622 |
| Final verdicts & order steps | 20,235 |
| Position & protection checks | 327,310 |
| Learning records | 2,183 |
Those six stages sum to the 494,586 audit events. Position and protection checks are the largest stage because open and recently active positions are re-read continuously. At the snapshot itself, nothing was open.
LONG, SHORT, and WAIT in that 24 hours
In the 24 hours before the snapshot, 2,280 setups were fully evaluated. 0 were entered. 2,280 were refused. Refusal is WAIT.
Of those 2,280, the side under evaluation was long in 1,146 and short in 1,134. That is the direction being considered, including the setups that were then refused. It is not a count of trades opened. Entries in the window were 0 long and 0 short.
224 distinct symbols appeared in that evaluated set. The monitored universe at the snapshot was 194. The two figures differ because the 24-hour set includes every symbol that received a fully evaluated setup during the window, and the monitored figure is the universe at 21:27 UTC.
The latest decision included in the window was at 19:21 UTC. Shares of the 2,280 refusals, as the public status reported them:
| Why it waited | Share of refusals |
|---|---|
| Entry timing not confirmed | 42.1% |
| Independent reviewers disagreed | 26.4% |
| Edge or conviction too thin | 20.6% |
| BTC / market context against | 10.3% |
| Momentum or structure against | 0.4% |
| Risk or capacity limit | 0.1% |
The shares are rounded and need not sum to 100. They are families of refusals, not the rule that produced them. A day of WAIT while the status is operational is the system working. LONG, SHORT and WAIT explains that decision without this snapshot's numbers.
Positions that were opened, protected, and closed
The closed-trade ledger holds 251 round trips. 170 were long and 81 were short. The first open in that ledger is 6 September 2026 at 05:16 UTC. The latest close is 25 September 2026 at 09:13 UTC, before this snapshot, which is consistent with a flat book at 21:27 UTC and with no new entry in the following hours of that window.
The 1,356 live fills are not 1,356 round trips. Entry, protection, a partial, and an exit can each be a fill on one position. The 251 figure is closed round trips. Neither figure is a profit.
Each close is stored with a reason. Grouped, without the private detail inside those reasons:
| How the close was recorded | Round trips |
|---|---|
| Untracked: the close is in the ledger, and no strategy exit reason was stored | 74 |
| Invalidation: flow, structure, or price no longer supported the position | 50 |
| Partial close | 29 |
| Cut earlier than a resting stop or target | 25 |
| Exchange stop | 15 |
| Reversed | 12 |
| Profit taken | 11 |
| Exchange take-profit | 9 |
| Protection tightened after an open gain, then the position closed | 8 |
| Closed by the operator | 6 |
| Closed because another opportunity was taken | 4 |
| Fill rejected | 3 |
| Portfolio heat | 2 |
| Funding cost | 2 |
| Protective failsafe | 1 |
Those rows sum to 251. The 74 untracked closes are a gap in the exit record, not a hidden result: the round trip is there, and the reason is not. Exchange stops, take-profit orders, partials, tighter protection, and invalidation are the management record the ledger does support. Position management describes that lifecycle. Protective stops describes the order that rests at the exchange.
What this note is not
It does not report profit, loss, drawdown, or a win rate. It does not select a flattering window inside the ledger. The 24-hour decision window is the one the public status had just computed, and in that window every fully evaluated setup was refused. Earlier days in the same ledger did open and close positions. Both facts are in the sources above.
The counts will not stay still. Audit events, fills, and new closes accumulate, and the next 24-hour window will not match this one. The live figures on How it trades and Intelligence are read from the same status feed and move. This page is the record of one read, at 21:27:52 UTC on 25 September 2026.
Questions
Is this a track record?
No. It is a count of operational work and of closed round trips at a stated time. Profit, loss, and win rate are not published.
If 2,280 setups were evaluated and none were taken, was the system stopped?
No. Status was operational, the heartbeat was 10.8 seconds old, and the audit trail recorded 494,586 events in that same 24 hours. None of the fully evaluated setups in the window were entered. That is WAIT.
Why are there 1,356 fills and only 251 closed round trips?
A fill is one exchange fill. A round trip is one opened position later closed. Entry, protection, a reduction, and the exit can be separate fills.
Will this page be updated in place?
This text is the 25 September 2026 snapshot. A later note would be dated on its own. The live status on the site is the current figure, and it is not frozen here.
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