Originally Posted by jcl
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?