Rule backtest — every trade, the equity curve and the drawdown

A trading rule is replayed bar by bar over the price path, and the full record is published: every trade, the equity curve, the win rate, average R (the reward-to-risk of a typical trade), profit factor and maximum drawdown — with a note on what each number means. The rule shown is a 20-day moving-average crossover (long when price closes above its 20-day average, exit when it closes below, with an 8% stop). Fills happen at the bar close, so there is no look-ahead; prices are synthetic and labeled until live data is connected — the same replay then runs unchanged on real bars.