# s777d: v4 native pools, first swap <=10min, buy at age>=5min cap 60-250k with >=3 sellers (#777) paper test (Test Manager 2) - 29 Oct 00:36 UTC
Spec: ledger #777 / analyst2 a2-777-rule.md. Analyst replay (assumed supply and ETH price) said 1.65-2.20x: treated as suspect. Here cap uses capx supply. Stop 0.5x, trail, 6 h, fee + 3% slip each side, pull (liq<=50% peak) and quiet = 0. Rows with src=replay are tape replay before registration; only src=fwd counts for the forward check.
- Native pools in tape: 3915; with supply 3365; waiting 2875; open 24; skipped {'0cc hook (H3000) unsellable': 349, 'sellers<3 at 1st in-band swap': 8, 'no supply': 20, 'first swap >10min': 15, 'pulled before entry': 1, 'entry sell-sim BLOCK/tax (#4190)': 6}
- arm A (trail 40% tp3): on time n 369, mean 1.03x, <1x 235, tp 85, pull/quiet 118 | late (excluded) n 269, mean 0.94x, <1x 177, tp 59, pull/quiet 113
- arm B (trail 50% tp10): on time n 368, mean 0.68x, <1x 290, tp 6, pull/quiet 194 | late (excluded) n 268, mean 0.76x, <1x 213, tp 7, pull/quiet 163