Futures trading is complex and carries the risk of substantial losses. It is not suitable for all  investors. The ability to withstand losses and to adhere to particular trading strategies in spite of trading losses is a material point which can adversely affect investor returns.

The returns for the trading strategies listed throughout this website are hypothetical in that they represent returns in a model account. The model account rises or falls by the average profit and loss achieved by clients trading actual money pursuant to the listed strategies’ trading recommendations on the appropriate dates (client trade fills), or if no actual client profit or loss is available – by the hypothetical profit and loss of trades generated by the strategies’ trading recommendations on that day in real-time less slippage, or if no real-time profit or loss is available – by the  hypothetical profit and loss of trades generated by running the trading strategies backwards on back adjusted data.

Note that the clients' trade fills are reported across all clients utilizing the trading  strategies, and are not based solely on the performance of one account.

The hypothetical model account begins with an initial capital level, and is reset to that amount  each month. The percentage returns reflect inclusion of commissions, exchange fees, slippage and the monthly research fee. These fees have been subtracted from the net profit and loss prior to calculating the percentage return.

If and when a trading strategy has an open trade, the returns are marked to market on a daily basis, using the back adjusted data available on the day, the computer back test was performed for back tested trades, and the closing price of the then front month contract for real time and  client fill trades. For a trade which spans months, therefore, the gain or loss for the month  ending with an open trade is the marked to market gain or loss (the month end price minus the entry price, and vice versa for short trades).

The actual percentage gains and losses experienced by investors will vary depending on many factors, including, but not limited to: starting account balances, market behavior, the duration and extent of investor’s participation (whether or not all trade recommendations are taken) in the specified strategies, commission rates, fees, slippage and money management techniques. Because of this, actual percentage gains and losses experienced by investors may be materially different than the percentage gains and losses as  presented on this website.

Please read carefully the CFTC required disclaimer regarding hypothetical results below.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, 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 PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,  HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF 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 ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER  FACTORS RELATED TO THE MARKETS 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 WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

The information contained in the reports, tables, graphs and charts within this site is provided  with the objective of “standardizing” trading strategies’ model account performance and is intended to be for informational purposes only. It should not be viewed as a solicitation for the referenced  trading strategies, research service or research reports. While the information and statistics within this website are believed to be complete and accurate, we cannot guarantee their completeness or accuracy. As past performance does not guarantee future results, these results may have no bearing on, and may not be indicative of, any individual returns realized through participation in this or any other investment or trading strategies.