Required disclosures

HYPOTHETICAL OR SIMULATED PERFORMANCE DISCLOSURE: THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN.

Every performance figure published on this site — including the Eval Arena results and the pass rates shown with the strategy downloads — is simulated. No real money was traded to produce them, and they are not a track record.

Nothing on this site is financial advice, a recommendation to trade, or a solicitation. PhillyFrank is not a registered investment adviser, commodity trading advisor, or broker, and nothing here is tailored to your circumstances. The tools and source code published here are provided for education and research, as-is and without warranty of any kind.

Trading futures involves a substantial risk of loss, is not suitable for every investor, and you can lose more than your initial deposit. You alone are responsible for every order that reaches the market from your machine. Never trade money you cannot afford to lose.