Risk disclosure

Stochastly is research and backtesting software. We are not a broker, exchange, bank, portfolio manager, or registered investment adviser, and we are not a Commodity Trading Advisor. We do not provide investment, legal, tax or financial advice.

Nothing in the software or on the site is a recommendation, solicitation or offer to buy, sell or hold any security, derivative, cryptocurrency or other financial instrument. We never receive, hold or manage your funds, and we never place orders on your behalf in this research product. Every trading decision you make is solely your own.

The engine runs the graph you compose, on the data you supply. It collects no investment objective, no risk profile and no account information, and it presents no output as suitable for you. Under Article 9 of Commission Delegated Regulation (EU) 2017/565, a personal recommendation requires one of those two elements.

Results produced by the engine — backtests, Monte-Carlo distributions, deflated metrics, validation surfaces and every chart shown on the site — are hypothetical and simulated. They are derived from historical data and do not represent actual trading. The limitations of such results are set out below.

Hypothetical performance results have many inherent limitations. 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 limitation of hypothetical results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical record can completely account for the impact of financial risk in actual trading. Past or simulated performance is not indicative of future results.

The block above reproduces United States disclosure wording for hypothetical performance (CFTC Rule 4.41 and NFA Rule 2-29). European law sets no equivalent mandatory sentence for a software publisher. Presentation here follows Article 44 of Commission Delegated Regulation (EU) 2017/565, the reference standard for simulated past performance: the simulated nature is stated, the warning is prominent, and costs are disclosed wherever a figure is gross of fees.

Because you bring your own data and design your own strategies, the results you obtain depend on your inputs and assumptions. Modelling choices, data quality, costs, slippage and survivorship can all materially change an outcome. Stochastly provides validation tools designed to expose overfitting and luck; it cannot and does not guarantee that any strategy will be profitable.

Trading financial instruments — including leveraged products, futures, foreign exchange and cryptocurrencies — carries a substantial risk of loss and is not suitable for every investor. You can lose some or all of your capital. Trade only with money you can afford to lose, and seek advice from an independent, appropriately licensed professional if you have any doubt. Leverage can work against you as well as for you.

The software can translate a graph into source code for other platforms. That code is yours. Once it leaves Stochastly it runs on a platform, a terminal or a broker connection that we neither supply nor control, and we disclaim liability for its behaviour there, including any order it sends and any loss it causes.

Translation covers a named subset of kernels. A graph built on a kernel outside that subset produces a refusal naming the kernel, and no file. When a translated kernel falls under the published coverage threshold the file is still written: what changes is that the result is flagged unverified and carries the measured coverage. The fidelity figure attached to an export is measured on one synthetic price path, with a two-bar tolerance and no penalty for extra signals. It is not a claim of equivalence, and it is not a measurement on your own data.

• Test any exported strategy on a demo account before it reaches real capital.
• Order types, fees, financing, session hours and tick rules differ between venues, and the exported code does not reconcile them for you.
• Connecting exported code to a live account is an automated-trading decision you take under your own responsibility and under your broker’s terms.

The software is provided “as is” and “as available”, without warranty of any kind, express or implied. To the maximum extent permitted by law, Stochastly and its publisher disclaim all liability for any loss or damage, direct or indirect, arising from your use of, or reliance on, the software, its outputs, the code it exports, or the site.

Market data downloaded through the software comes from third-party sources under their own terms. Gaps, revisions, splits, delistings and vendor errors reach your results, and we warrant neither the accuracy nor the availability of that data.

• You are solely responsible for evaluating the merits and risks of any strategy or trade.
• You are responsible for complying with the laws and regulations that apply to you.
• You must independently verify any result before committing real capital.
• Publishing or selling signals produced with the software can bring you within the investment-recommendation rules of Regulation (EU) 596/2014 and Delegated Regulation (EU) 2016/958, which require objective presentation and disclosure of your interests.