{
  "changeControl": "MODEL_CHANGE_AND_GOLDEN_OOS_REQUIRED",
  "contractVersion": "sell-policy.v1",
  "decisionContractVersion": "sell-decision.v2",
  "policies": [
    {
      "condition": "approved hard impairment",
      "documentedRange": [
        0.8,
        1.0
      ],
      "mayCrossStrategicCore": true,
      "policyId": "ALG-SELL-001",
      "priority": 1000,
      "reentryEligible": false,
      "requestedSellRatioOfLot": 1.0,
      "terminal": true
    },
    {
      "condition": "capital floor breached",
      "decisionRequired": "Whether portfolio survival bypasses same-direction cooldown",
      "mayCrossStrategicCore": true,
      "policyId": "ALG-SELL-PORT-001",
      "priority": 900,
      "ratioSource": "server PIT risk context",
      "reentryEligible": true,
      "terminal": true
    },
    {
      "condition": {
        "gapBelowFloorAtrGte": 1.5
      },
      "documentedRange": [
        0.3,
        0.5
      ],
      "mayCrossStrategicCore": false,
      "policyId": "ALG-SELL-002",
      "priority": 800,
      "reentryEligible": true,
      "requestedSellRatioOfLot": 0.4,
      "terminal": false
    },
    {
      "condition": {
        "consecutiveCloseBreachesGte": 2
      },
      "documentedRange": [
        0.15,
        0.25
      ],
      "mayCrossStrategicCore": false,
      "policyId": "ALG-SELL-003",
      "priority": 700,
      "reentryEligible": true,
      "requestedSellRatioOfLot": 0.2,
      "terminal": false
    },
    {
      "condition": "approved concentration/liquidity excess ratio > 0",
      "mayCrossStrategicCore": false,
      "policyId": "ALG-SELL-004",
      "priority": 600,
      "ratioSource": "server PIT portfolio risk context",
      "reentryEligible": true,
      "terminal": false
    },
    {
      "condition": "opportunity edge lower bound > 0 and requested ratio > 0",
      "mayCrossStrategicCore": false,
      "policyId": "ALG-SELL-005",
      "priority": 500,
      "reentryEligible": true,
      "requestedRange": [
        0.1,
        0.25
      ],
      "terminal": false
    }
  ],
  "policyTraceSchemaVersion": 2,
  "status": "RESEARCH_CANDIDATE_NOT_PRODUCTION"
}