Risk Disclaimer

1General Risk Warning

HIGH RISK OF LOSS

Trading leveraged products such as Forex and CFDs involves substantial risk of loss and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.

BacktestPro LLC ("BacktestPro", "we", "us", "our") provides trading tools, strategy optimization services, educational content, signal services, copy trading services, and related products. This Risk Disclaimer applies to all services and products offered by BacktestPro.

BY USING OUR SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO THIS RISK DISCLAIMER. IF YOU DO NOT AGREE, DO NOT USE OUR SERVICES.

2Trading Risks

2.1 Leverage Risk

Leverage allows you to control large positions with a small amount of capital. While leverage can amplify profits, it can equally amplify losses. With leverage, even a small market movement can result in substantial losses, potentially exceeding your initial deposit.

2.2 Market Volatility

Financial markets can be extremely volatile. Prices can fluctuate rapidly and unpredictably due to economic events, geopolitical developments, market sentiment, and other factors. This volatility can result in significant and rapid losses.

2.3 Liquidity Risk

Under certain market conditions, it may be difficult or impossible to liquidate a position. This can occur during periods of low liquidity, extreme volatility, or during news events. Stop-loss orders may not be executed at the intended price.

2.4 Gap Risk

Markets can "gap" - opening at a significantly different price from the previous close, particularly over weekends or after major news events. Gaps can trigger stop-losses at worse prices than anticipated or result in positions being liquidated.

2.5 Counterparty & Broker Risk

When you trade, you are exposed to the creditworthiness of your broker. If your broker becomes insolvent, you may lose some or all of your deposited funds. BacktestPro is not a broker and is not responsible for your broker's actions or financial stability.

2.6 Currency & Exchange Rate Risk

If you trade in a currency different from your base currency, exchange rate fluctuations can affect your profit or loss. This adds an additional layer of risk to your trading activities.

3No Financial, Investment, or Trading Advice

NOT FINANCIAL ADVICE

BACKTESTPRO DOES NOT PROVIDE INVESTMENT ADVICE, FINANCIAL ADVICE, TRADING ADVICE, TAX ADVICE, LEGAL ADVICE, OR ANY OTHER FORM OF PROFESSIONAL ADVICE.

All information, tools, signals, research, and educational content provided by BacktestPro are for INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY. Nothing we provide constitutes a recommendation, solicitation, or offer to buy or sell any financial instruments.

You acknowledge and agree that:

Any trading decisions you make are entirely your own responsibility
You will not rely on BacktestPro for any trading or investment decisions
You should seek independent financial, legal, and tax advice if needed
Past performance shown by our products does not guarantee future results
Any examples or demonstrations are hypothetical and may not reflect actual results

4Hypothetical Performance Disclaimer

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS

UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Limitations of Backtesting:

Hindsight Bias: Backtests are designed with knowledge of past data, which may not predict future performance
Curve Fitting: Strategies may be optimized to fit historical data but fail in live markets
Execution Differences: Backtests cannot account for slippage, spread variations, requotes, or execution delays
Broker Differences: Results may vary significantly between different brokers
Market Conditions: Historical market conditions may not repeat in the future
Emotional Factors: Backtests do not account for psychological factors in real trading

5Product and Service-Specific Risk Warnings

5.1 Expert Advisors (EAs) & Trading Robots

Automated Trading Risks: EAs trade automatically and can open/close positions without your intervention. This can result in rapid losses.
Technical Failures: EAs can malfunction due to software bugs, platform updates, connectivity issues, or VPS failures.
Over-Optimization: EAs may be optimized for historical data and fail in live markets.
No Guarantees: Past performance of an EA does not guarantee future results.
Supervision Required: Even automated systems require monitoring. You are responsible for supervising your EA.
Account Wipeout: Poorly configured or malfunctioning EAs can wipe out your entire trading account.

5.2 Trading Signals

Not Recommendations: Signals are information only and should not be considered investment advice or recommendations.
Execution Delays: By the time you receive and execute a signal, market conditions may have changed significantly.
No Guarantee of Profits: Following signals does not guarantee profits. Losses are possible and common.
Your Responsibility: You decide whether to follow any signal. You are solely responsible for your trades.
Communication Delays: Signals may be delayed due to network issues, platform outages, or other factors.

5.3 Copy Trading Services

Real Money at Risk: Copy trading involves real money in your own trading account. You can lose your entire deposit.
Past Performance: Historical performance of a trading strategy does not guarantee future results.
Execution Differences: Your executed prices may differ from the master account due to slippage and timing.
No Control: While using copy trading, you have limited control over individual trades.
Strategy Changes: Trading strategies may change without notice, affecting your results.
Drawdowns: All trading strategies experience drawdowns. You must be prepared for periods of losses.

5.4 Strategy Optimization Services

Historical Data Limitations: All optimization is performed on historical market data. Historical conditions cannot predict, guarantee, or reliably indicate future market behavior. Market structure, volatility regimes, and liquidity conditions may change materially.
Over-Optimization Risk: Despite preventive measures including walk-forward analysis and out-of-sample testing, optimized parameters may still be overfit to historical data patterns that do not persist in future markets.
Market Regime Changes: Parameters optimized for one market environment (trending, ranging, volatile) may significantly underperform or produce losses when market conditions change.
Implementation Differences: Real trading results will differ from backtested results due to slippage, variable spreads, execution delays, requotes, broker-specific conditions, and differences between demo and live environments.
No Profit Guarantee: Optimized strategies do NOT guarantee profits in live trading. You may lose some or all of your invested capital even when following optimized parameters precisely.
Client Responsibility: You are solely responsible for all decisions regarding whether and how to implement optimization recommendations. BacktestPro provides analysis, not trading advice.
Demo Testing Required: Always forward-test optimized parameters on a demo account for a meaningful period before deploying with real capital. Failure to forward-test increases risk substantially.

6Technical and Operational Risks

You acknowledge and accept the following technical risks:

Software Errors: Trading software, including our products, may contain bugs or errors that could result in unintended trades or losses
Platform Issues: MetaTrader and other trading platforms may experience downtime, errors, or unexpected behavior
Connectivity: Internet or VPS connectivity issues may prevent trade execution or cause delayed orders
Broker Systems: Your broker's systems may fail, be slow, or execute trades at unexpected prices
Updates: Platform updates may affect the functioning of our products
Cybersecurity: Your trading account may be at risk from hacking, phishing, or other cyber threats

7Your Responsibilities and Acknowledgments

By using our Services, you acknowledge, represent, and warrant that:

You are at least 18 years old and legally capable of entering into binding agreements
You understand the risks of trading and are willing to accept those risks
You will only trade with money you can afford to lose
You have sufficient knowledge and experience to evaluate the risks of trading
You will seek independent professional advice if you are unsure about any aspect of trading
You are solely responsible for all trading decisions and their outcomes
You will not hold BacktestPro liable for any trading losses
You understand that past performance does not guarantee future results
You will properly test all products on a demo account before using them with real money
You will use appropriate risk management, including stop-losses and position sizing
You are trading in compliance with all applicable laws in your jurisdiction

8Limitation of Liability

EXCLUSION OF LIABILITY

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BACKTESTPRO LLC, ITS MEMBERS, MANAGERS, EMPLOYEES, AGENTS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY TRADING LOSSES, LOST PROFITS, OR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF OUR SERVICES, PRODUCTS, SIGNALS, OR COPY TRADING SERVICES.

YOU AGREE THAT ANY CLAIM OR CAUSE OF ACTION ARISING FROM OR RELATED TO TRADING LOSSES SHALL BE FOREVER BARRED AND WAIVED.

Specifically, we are not liable for:

Any trading losses you incur, regardless of the cause
Losses resulting from following our signals or using our products
Losses resulting from copy trading services
Losses caused by software bugs, errors, or malfunctions
Losses caused by technical failures, connectivity issues, or platform problems
Losses caused by your broker's actions, insolvency, or system failures
Losses caused by market conditions, volatility, or liquidity issues
Any decisions you make based on our educational content or research
Losses, damages, or adverse outcomes resulting from implementing strategy optimization recommendations, optimized parameters, or any deliverables provided through our optimization services

9No Guarantees

WE MAKE NO GUARANTEES

BacktestPro makes absolutely no guarantees regarding profits, returns, or trading performance. Anyone who guarantees profits in trading is likely engaged in fraud. If it sounds too good to be true, it probably is.

We explicitly do not guarantee:

Any specific profits, returns, or trading results
That our products will perform as shown in backtests
That our signals will be profitable
That copy trading will generate positive returns
That our software will be error-free
That our services will be uninterrupted
That historical performance will repeat

10Regulatory Disclaimer

BacktestPro LLC is not a registered investment advisor, broker-dealer, futures commission merchant, or commodity trading advisor. We are not registered with or regulated by any financial regulatory authority including but not limited to the SEC, CFTC, NFA, FCA, ASIC, or any other regulator.

Our products and services are not intended as, and should not be construed as, financial, investment, trading, tax, or legal advice. We do not manage client funds, execute trades on behalf of clients, or provide personalized investment recommendations.

Trading forex and CFDs may be restricted or prohibited in certain jurisdictions. It is your responsibility to ensure that your trading activities comply with all applicable laws and regulations in your jurisdiction.

11Testimonials and Results Disclaimer

Any testimonials, reviews, or results displayed on our website or marketing materials:

Are not representative of all users and results may vary
Do not guarantee that you will achieve similar results
May include hypothetical or simulated performance data
Should not be considered as a promise or guarantee of future performance
May include compensated endorsements

Your individual results will depend on many factors unique to you, including but not limited to your starting capital, risk tolerance, trading skill, market conditions, and dedication.

12Agreement and Acceptance

BY USING OUR SERVICES, YOU CONFIRM THAT:

You have read and understood this entire Risk Disclaimer
You understand and accept the risks of trading
You are solely responsible for your trading decisions
You will not hold BacktestPro liable for any losses
You have the financial means to bear potential losses
You have sought professional advice if needed

This Risk Disclaimer is incorporated into and forms part of our Terms of Service. If you do not agree to this Risk Disclaimer, you must not use our Services.

13Contact Information

If you have any questions about this Risk Disclaimer, please contact us:

BacktestPro LLC

Wyoming Limited Liability Company

support@backtestpro.trading

CRITICAL RISK WARNING