Risk disclaimer

Read this before anything else on the site

Trading foreign exchange, contracts for difference and other leveraged instruments carries a high level of risk and can result in the loss of all your capital. These products are not suitable for everyone. You should not trade with money you cannot afford to lose.

Automation does not reduce risk

An expert advisor executes a strategy without hesitation, including a losing one. It removes emotion from execution; it does not remove market risk, and it cannot anticipate conditions its author did not.

A large share of the systems sold in this market use position-adding mechanisms that produce long runs of profitable months followed by a single account-ending loss. A record of consecutive winning months is not evidence that this cannot happen — in these systems it is a normal part of the pattern.

What past results are worth

• Backtests are simulations. They can be optimised against the same data they report, run on interpolated tick data, and use spread assumptions no real account receives.
• Demo results use simulated fills. Live execution differs, especially for systems trading at high frequency or during news.
• Live results are the strongest evidence available, and still describe only the market conditions that occurred.

None of them predict future returns.

Not financial advice

Nothing on this site is financial, investment or trading advice, and nothing here is a recommendation to buy, sell or trade any instrument. Our content is software and statistical analysis. Trading decisions are yours alone, and you are responsible for their outcome.

Regulatory note

Availability of leveraged trading products, and of the brokers we reference, differs by country. It is your responsibility to confirm that trading these instruments is lawful where you live and that any broker you use is permitted to accept you as a client.