positive returns, once slippage, commission and licensing fees are taken into account, actual returns will vary. Posted maximum drawdowns are measured on a closing month to closing month basis. Furthermore, they are based on back-tested data (refer to limitations of back-testing below). Actual drawdowns could exceed these levels when traded on live accounts.
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 OR HYPOTHETICAL 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.
Results are compared to the performance of Bitcoin for informational purposes only; the volatility of the investment program may be materially different than the historical performance of Bitcoin. In addition, the performance figures include the reinvestment of any earnings, as appropriate.
The live performance beginning October 2019 reflects actual trades made using our algorithms. However, the returns of such trades are presented on hypothetical accounts. Therefore, performance results shown after October 2019 do not represent the actual balance of any live accounts. Live performance results are presented for information purposes only. No representation is being made that any customer will or is likely to achieve profits or losses similar to those shown.
US residents may be restricted from trading certain Assets, and the performance results herein assume 100% compliance with the trading program. Accordingly, the performance of individual customers may vary significantly depending on such customer’s access to trading platforms and diligence in completing the trades.