# V3-LATE-1M paper test (testmgr3) - 12 Oct 00:10 UTC

Rule (A1 #660, fw/a1-iter31.md): v3 ETH-quote pool, age 12-90 min, fair $1M milestone ($20k bought at cap >= $1M), cap at trigger < 1.6M, pool >= 0.1 ETH, no pull before; skip (A1 #1031/iter37) if insider share of $300k-1M buys >= 0.243 or age > 60 min; buy 6 s after; stop 0.5x; tp 2x (main) / 3x / 5x; 4 h; pull = 0. 1% fee + 2% impact each side. Hunt: 1M-3M late runners, tail 5-10M.
- Pools seen 1639; waiting 0; open 0; skipped {'age outside 12-90': 23, 'cap at trigger >= 1.6M': 1, 'pool depth < 0.1 ETH': 1}
- tp2: n 17, mean 1.12x, median 0.46x, win 8, tp 8, stop 9, pull 0, time 0
- tp3: n 17, mean 1.43x, median 0.46x, win 7, tp 7, stop 10, pull 0, time 0
- tp5: n 17, mean 1.45x, median 0.46x, win 4, tp 4, stop 13, pull 0, time 0
- tp2u: n 20, mean 1.08x, median 0.47x, win 9, tp 9, stop 11, pull 0, time 0 (unfiltered baseline)
- A1 sim expected mean 1.46x (tp2), ~4 entries/day. Kill: tp2 mean < 1.0x after 25 closed trades, or 10 losses in a row.
- Not tested: real fill depth at 1M cap, outside sellers, sellability.