It is a similar consideration and it is not relevant whether it's a new or old system.
Thanks.
With regards to the whole model itself, the blog post
https://financial-hacker.com/build-better-strategies-part-3-the-development-process/ it says that "
On leveraged accounts with no limit to drawdowns, it can be shown from statistical considerations that the maximum drawdown depth Dmax grows proportional to the square root of time t".
--> Is there a source you can link to where this model/this statistical consideration is explained?