GV ES 4 Minute Adaptive Trailer System
Pages accessed beyond
this point report hypothetical testing results of the
Universal SA trading system.
PLEASE READ AND ACKNOWLEDGE
THE FOLLOWING BY CLICKING I Understand
and Agree with the Above Statements AT THE BOTTOM
OF THE PAGE
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.
THERE ARE FREQUENTLY SHARP DIFFERENCES
BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL
RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING
PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL TRADING
IS THAT SUCH 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 TRADING LOSSES
ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL
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
AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
BECAUSE THERE ARE NO ACTUAL TRADING
RESULTS TO COMPARE TO THE HYPOTHETICAL PERFORMANCE RESULTS,
CUSTOMERS SHOULD BE PARTICULARLY WARY OF PLACING
UNDUE RELIANCE ON THESE HYPOTHETICAL PERFORMANCE RESULTS
No independent party has audited
the hypothetical performance record shown below, nor has
any independent party undertaken to confirm that they
reflect the trading method under the assumptions or conditions
specified hereafter. While the results presented below
are based upon certain assumptions believed to reflect
actual trading conditions, these assumptions may not include
all variables that will affect, or have in the past affected,
the execution of trades indicated by the program.
The following hypothetical results
are based on the following assumptions:
1. The performance results
assume that no additions are made except for the starting
equity of $0.0.
2. The hypothetical record
does not include any deductions for brokerage commissions,
exchange fees or slippage. To the extent that the fees
charged to a client are higher than the fees assumed to
be charged to the hypothetical account, the rates of return
included in the performance record of the hypothetical
account are higher than that which the client would have
obtained.
3. The simulation assumes
that prices are not influenced by the programs trades
regardless of the number of contracts executed.
4. The simulation assumes
purchase and sale prices based the first print. In actual
trading, prices received may or may not be the same as
the assumed order prices
We caution prospective subscribers
to take seriously the warning required by the Commodity
Futures Trading Commission.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE
RESULTS. AN INVESTMENT IN COMMODITIES IS SPECULATIVE AND
INVOLVES A SUBSTANTIAL RISK OF LOSS. We believe that
the performance record presented herein may be of interest
to prospective subscribers, but encourage subscribers
to look at such information more as a statement of our
objectives than as any reliable indication that such objectives
will, in fact, be achieved.
I
Understand and Agree with the Above Statements
