What drawdown is
A capital-location metric, not a score.
The correction starts with a definitional point. EV is a score — it grades performance quality and belongs in a scoring layer. Drawdown is not: it tells the system where the account sits relative to its most recent equity peak and how much capital compression is currently in force. It's a location, measured from peak down through the six gate bands to the −40% boundary the system will tolerate. Location metrics route; score metrics grade. Treating drawdown as a scoring modifier — Growth adds tier points, Buffer subtracts them — misclassifies its nature and produces a specific, damaging arithmetic error.

