Top Secret Report- -The Truth about Automated Trading
RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT
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Hypothetical performance results have many inherent limitations, some of which are mentioned below. No
representation is being made that any account will or is likely to achieve profits or losses similar to those
shown. In fact, there are frequently sharp differences between hypothetical performance results and actual
results subsequently achieved by any particular trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the
benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical
trading record can completely account for the impact of financial risk in actual trading.
For example, the ability to withstand losses or to adhere to a particular trading program in spite of the
trading losses are material points that can also adversely affect trading results. There are numerous other
factors related to the market in general or to the implementation of any specific trading program, which
cannot be fully accounted for in the preparation of hypothetical performance results. All of which can
adversely affect actual trading results.
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