|
Pages accessed
beyond this point report hypothetical testing results
of the 4 steps 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.
PLEASE ACKNOWLEDGE YOUR
UNDERSTANDING OF THE ABOVE INFORMATION BY CLICKING I
Understand and Agree with the Above Statements
BELOW:
|
