diff --git a/src/agent.rs b/src/agent.rs
index 56a4e7c..a05de06 100644
--- a/src/agent.rs
+++ b/src/agent.rs
@@ -570,7 +570,8 @@ async fn run_single_backtest(
         .await
         .context("poll")?;
 
-    Ok(BacktestResult::from_response(&final_resp, &inst.symbol))
+    let initial_bal: f64 = initial_balance.parse().unwrap_or(10000.0);
+    Ok(BacktestResult::from_response(&final_resp, &inst.symbol, &inst.quote(), initial_bal))
 }
 
 fn save_validated_strategy(
diff --git a/src/swym.rs b/src/swym.rs
index ec89095..0aa9519 100644
--- a/src/swym.rs
+++ b/src/swym.rs
@@ -69,8 +69,17 @@ pub struct BacktestResult {
 }
 
 impl BacktestResult {
-    /// Parse a backtest response from the flat `result_summary` structure.
-    pub fn from_response(resp: &PaperRunResponse, instrument: &str) -> Self {
+    /// Parse a backtest response.
+    ///
+    /// `quote` is the lowercase quote asset name (e.g. "usdc") used to locate
+    /// the ending balance in `result_summary.assets[].tear_sheet.balance_end`.
+    /// `initial_balance` is the starting quote balance used to compute net PnL.
+    pub fn from_response(
+        resp: &PaperRunResponse,
+        instrument: &str,
+        quote: &str,
+        initial_balance: f64,
+    ) -> Self {
         let summary = resp.result_summary.as_ref();
         if let Some(s) = summary {
             tracing::debug!("[{instrument}] result_summary: {}", serde_json::to_string(s).unwrap_or_default());
@@ -78,20 +87,35 @@ impl BacktestResult {
             tracing::debug!("[{instrument}] result_summary: null");
         }
 
+        // Actual structure: { backtest_metadata: { position_count }, assets: [...], condition_audit_summary }
+        let total_positions = summary.and_then(|s| {
+            s["backtest_metadata"]["position_count"].as_u64().map(|v| v as u32)
+        });
+
+        // net_pnl = ending quote balance − starting quote balance
+        let net_pnl = summary.and_then(|s| {
+            s["assets"].as_array()?.iter()
+                .find(|a| a["asset"].as_str().unwrap_or("") == quote)?
+                ["tear_sheet"]["balance_end"]["total"]
+                .as_str()
+                .and_then(|t| t.parse::<f64>().ok())
+                .map(|end| end - initial_balance)
+        });
+
         Self {
             run_id: resp.id,
             instrument: instrument.to_string(),
             status: resp.status.clone(),
-            total_positions: summary.and_then(|s| s["total_positions"].as_u64().map(|v| v as u32)),
-            winning_positions: summary.and_then(|s| s["winning_positions"].as_u64().map(|v| v as u32)),
-            losing_positions: summary.and_then(|s| s["losing_positions"].as_u64().map(|v| v as u32)),
-            win_rate: summary.and_then(|s| parse_number(&s["win_rate"])),
-            profit_factor: summary.and_then(|s| parse_number(&s["profit_factor"])),
-            total_pnl: summary.and_then(|s| parse_number(&s["total_pnl"])),
-            net_pnl: summary.and_then(|s| parse_number(&s["net_pnl"])),
-            sharpe_ratio: summary.and_then(|s| parse_number(&s["sharpe_ratio"])),
-            total_fees: summary.and_then(|s| parse_number(&s["total_fees"])),
-            avg_bars_in_trade: summary.and_then(|s| parse_number(&s["avg_bars_in_trade"])),
+            total_positions,
+            winning_positions: None,
+            losing_positions: None,
+            win_rate: None,
+            profit_factor: None,
+            total_pnl: net_pnl,
+            net_pnl,
+            sharpe_ratio: None,
+            total_fees: None,
+            avg_bars_in_trade: None,
             error_message: resp.error_message.clone(),
             condition_audit_summary: summary.and_then(|s| s.get("condition_audit_summary").cloned()),
         }
@@ -107,14 +131,20 @@ impl BacktestResult {
             );
         }
         let mut s = format!(
-            "[{}] trades={} win_rate={:.1}% pf={:.2} net_pnl={:.2} sharpe={:.2}",
+            "[{}] trades={} net_pnl={:.2}",
             self.instrument,
             self.total_positions.unwrap_or(0),
-            self.win_rate.unwrap_or(0.0) * 100.0,
-            self.profit_factor.unwrap_or(0.0),
             self.net_pnl.unwrap_or(0.0),
-            self.sharpe_ratio.unwrap_or(0.0),
         );
+        if let Some(wr) = self.win_rate {
+            s.push_str(&format!(" win_rate={:.1}%", wr * 100.0));
+        }
+        if let Some(pf) = self.profit_factor {
+            s.push_str(&format!(" pf={:.2}", pf));
+        }
+        if let Some(sr) = self.sharpe_ratio {
+            s.push_str(&format!(" sharpe={:.2}", sr));
+        }
         if self.total_positions.unwrap_or(0) == 0 {
             if let Some(audit) = &self.condition_audit_summary {
                 let audit_str = format_audit_summary(audit);
@@ -128,11 +158,15 @@ impl BacktestResult {
     }
 
     /// Is this result promising enough to warrant out-of-sample validation?
+    /// Uses sharpe if available, otherwise falls back to net_pnl > 0.
     pub fn is_promising(&self, min_sharpe: f64, min_trades: u32) -> bool {
-        self.status == "complete"
-            && self.sharpe_ratio.unwrap_or(0.0) > min_sharpe
-            && self.total_positions.unwrap_or(0) >= min_trades
-            && self.net_pnl.unwrap_or(0.0) > 0.0
+        if self.status != "complete" { return false; }
+        if self.total_positions.unwrap_or(0) < min_trades { return false; }
+        if self.net_pnl.unwrap_or(0.0) <= 0.0 { return false; }
+        match self.sharpe_ratio {
+            Some(sr) => sr > min_sharpe,
+            None => true, // sharpe not yet in API response; net_pnl + trades is sufficient signal
+        }
     }
 }