Hypothetical Performance Disclaimer

Results are shown based on our real-time simulated and do not take into effect monthly subscription fees and transactions costs. Slippage is included in the results shown as market and limit orders execution is simulated using worst case scenario based on bid/ask prices, level 2 data and delays. Please note past performance does not guarantee future results and no such claims are being made or implied. All demo accounts used to display the performance results of these trade recommendations and all trading records presented on this website are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated 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 those shown. There is a risk of loss in futures, foreign exchange, internet and systems trading.Futures and Foreign Exchange Trading Risks: There is a risk of loss in futures, foreign exchange and options trading. Trading futures and foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Please trade with capital you can afford to lose. Nothing in this site is intended to be a recommendation to buy or sell any futures, foreign exchange or options market. All information has been obtained from sources, which are believed to be reliable, but accuracy and thoroughness cannot be guaranteed. Readers are solely responsible for how they use the information and for their results. You should be aware of all the risks associated with futures and foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The high degree of leverage that is often obtainable in futures and foreign exchange trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.Internet Trading Risks: There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software and Internet connection. Since Strategy Runner does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Strategy Runner employs back-up systems and contingency plans to minimize the possibility of system failure. Systems Trading Risks: Simulated 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. There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss. Strategy Exchange does not guarantee the accuracy or completeness of the information or any analysis based thereon.