Two gates
One is computed in the console; one is selected in the throttle.
The gate exists at two points in the chain and they are not the same object. The console computes it from current equity against the equity peak, producing a drawdown percentage and the band it falls in. The throttle receives it as a selected input in its decision block — a dropdown, not a formula — and everything downstream of that selection is computed from what the dropdown says rather than from what the console calculated. In the ordinary case they agree and the distinction is invisible. The clause exists because they are separable, and because separating them is occasionally correct.
The divergence can only enter at the selection step, which is why the drawdown figure travels alongside the gate in the packet — so the two can be compared at the point where they might disagree.
