Impossible Trading History

Here’s a system that was brought to my attention recently:

https://collective2.com/details/157003159

It kind of came out of nowhere and the results look too good to be true. If you look at the starting capital it is around $878. As far as I can tell, this system has not been rescaled. The first trade on 9/4/25 opened 2 MNQ contracts. I’m not sure what the margin requirements were back then, but I’m sure it was more than $440/contract. The first 2 trades resulted in losses of $273. That right there is a 33% drawdown, yet the max drawdown for the whole history is only 18%.

I’ve trusted the C2 stats for many years, but now I’m beginning to have doubts. Perhaps it is related to the recent UI change?