Inside a Treasury Futures Trading Bot: A Python Code Breakdown Beyond the Backtest Headlines

What a reported 1.71% annualized return can—and cannot—tell us about signals, position sizing, execution, and risk management.

The supplied listing for the 10-Year Treasury Curve Steepener Bot presents an appealing collection of numbers: an estimated 1.71% annualized return, a 1.329 Sharpe ratio, a 2.45 profit factor, and a maximum drawdown of 0.76%.

But the most important sentence appears beneath those figures:

“This specific configuration was not individually backtested.”

That d…