Important Warning about Hypothetical Results

On this page, and others within this Web site, you are going to read about trading systems and their performance. It's important that you understand that all results reported on these pages must be treated as hypothetical results.

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 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 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 of which can adversely affect actual trading results.

Warning about commission costs

Collective2 does not, by default, include commissions and execution costs when displaying hypothetical results. These costs will certainly make your actual trading results worse than the results you see here. For high-frequency trading systems, your results will be vastly worse than the results you see here.

We show this warning, and block your view of a trading system's hypothetical results screen, at least once each "session" that you come to this Web site. (Specifically, we show this warning the first time you view a system page and then every 60 minutes thereafter.)

Also, this same warning is displayed at the bottom of almost every page in this Web site. So you can always scroll to the bottom of the page to see the warning again. Therefore, we will not block your view of data during each page load, or we would make this site unusable. Before you can continue, you must acknowledge that: 1) you have read this warning, and 2) you accept that - while this pop-up warning will not block your view during every page load - the warning here nevertheless applies to every page on this Web site.

By closing this window, you acknowledge that you have read and understand this warning.

Close this window