**THE
DATA PRESENTED HERE ISTHE RESULT OF HYPOTHETICAL TESTING.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
INHERENT LIMITATIONS. UNLIKE ACTUAL PERFORMANCE RECORDS, SIMULATED
RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES
HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE OVER
OR UNDER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET
FACTORS SUCH AS A 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. PLEASE REVIEW THE ENTIRE
DISCLAIMER BEFORE TRADINGOR PURCHASING THIS SYSTEM. ALTHOUGH THESE SYSTEMS ARE PROFITABLE
DURING BACKTESTING THERE IS NO GUARANTEE THAN ANY ACCOUNT
TRADED WITH THESE SYSTEMS WILL BE PROFITABLE.
