Risk Disclaimer

Please read this entire disclaimer carefully before using slmaj. By using the Software, you acknowledge that you have read, understood, and agree to the risks described below.

1. Trading Risk

Trading in financial markets involves substantial risk of loss and is not suitable for every person. You should carefully consider whether trading is appropriate for you in light of your financial situation, experience, and risk tolerance.

• You can lose some or all of your invested capital. Do not trade with money you cannot afford to lose.
• The value of financial instruments, including stocks, forex, cryptocurrencies, commodities, and options, can fluctuate significantly. Prices can move against your position rapidly and without warning.
• Leveraged trading (including forex and futures) amplifies both potential gains and potential losses. Small market movements can result in large losses relative to your deposited funds.
• Options trading carries additional risks, including the possibility of losing the entire premium paid.
• Cryptocurrency markets are highly volatile and operate 24/7. Extreme price swings can occur at any time.
• Market conditions including low liquidity, high volatility, gaps, and slippage can result in executions at prices significantly different from expected levels.

2. Not Financial Advice

slmaj is a software tool. It is not financial advice, investment advice, tax advice, or legal advice of any kind.

• We are not a registered investment advisor, broker-dealer, or financial planner.
• We are not registered with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), or any equivalent regulatory body in any jurisdiction.
• The Software does not constitute investment advice under the Markets in Financial Instruments Directive (MiFID II) or any other regulatory framework.
• The trading signals generated by the Software are the output of machine learning models. They are not recommendations, solicitations, or offers to buy or sell any financial instrument.
• Nothing on the slmaj.com website or in the Software's documentation should be construed as financial advice.

3. No Guarantee of Performance

There is no guarantee that the Software will produce profits or avoid losses.

• Past performance is not indicative of future results. Historical returns, whether real or simulated, do not guarantee future performance.
• Backtesting results do not represent live trading results. Backtests are hypothetical, do not account for all market conditions, and are subject to survivorship bias, look-ahead bias, and overfitting.
• Machine learning models are trained on historical data and may not perform well in novel market conditions, black swan events, or regime changes.
• No trading system, strategy, or algorithm can guarantee profits. Every system will experience drawdowns and losing periods.
• Any performance figures, examples, or case studies presented on our website or in our materials are for illustrative purposes only and should not be relied upon as indicative of future results.

4. Software Limitations

slmaj is software, and like all software, it has limitations:

• Bugs are possible. Despite testing, software may contain bugs that could result in incorrect signals, missed trades, duplicate orders, or other unintended behavior.
• No system is perfect. The ML models used by the Software can produce incorrect signals. No model has 100% accuracy.
• Data sources can fail. The Software relies on third-party data providers (Yahoo Finance, Alpha Vantage, FRED, etc.) that may experience downtime, provide delayed data, or deliver incorrect data.
• Connection issues. The Software requires a stable connection to Interactive Brokers. Network outages, IBKR system maintenance, or API issues can interrupt trading operations.
• Execution risk. Orders submitted by the Software may not be filled at expected prices due to market conditions, broker limitations, or system latency.
• No guaranteed uptime. We do not guarantee that the Software will run without interruption or error.

5. Your Responsibility

As a user of slmaj, you are solely responsible for:

• Understanding what you are trading. Make sure you understand the financial instruments, markets, and risks involved before enabling live trading.
• Setting appropriate risk limits. Configure the Software's risk parameters (position sizes, stop losses, daily loss limits, account risk limits) to match your personal risk tolerance and financial situation.
• Monitoring the bot. Do not run the Software unattended for extended periods without checking its activity and your account status.
• Having a personal risk management plan. The Software's built-in risk controls are a tool, not a substitute for your own risk management discipline.
• Consulting qualified professionals. If you are unsure about whether automated trading is appropriate for you, consult a qualified financial advisor, tax professional, or legal counsel before using the Software.
• Maintaining sufficient account capital. Ensure your brokerage account has adequate capital and margin to support the trading activity configured in the Software.

6. Paper Trading Recommendation

We strongly recommend that all users run slmaj in paper trading mode extensively before enabling live trading with real money.

• Use Interactive Brokers' paper trading account to test the Software's behavior in real market conditions without risking capital.
• Run paper trading for a sufficient period (we recommend at least several weeks) to understand how the bot behaves across different market conditions.
• Review the paper trading logs carefully. Understand the bot's signal generation, trade execution, and risk management behavior before going live.
• Start live trading with small position sizes and conservative risk parameters. Increase gradually as you gain confidence in the system's behavior.

7. Regulatory Compliance

You are solely responsible for ensuring that your use of slmaj complies with all applicable laws and regulations in your jurisdiction.

• Local laws. Automated trading may be subject to specific regulations in your country or region. It is your responsibility to understand and comply with these regulations.
• Tax reporting. You are responsible for reporting all trading gains and losses to the relevant tax authorities in your jurisdiction. We do not provide tax reports or tax advice.
• Broker requirements. Ensure that your use of automated trading software complies with Interactive Brokers' terms of service and any applicable IBKR policies regarding API trading.
• Restricted jurisdictions. Some financial instruments or trading activities may be restricted or prohibited in certain jurisdictions. It is your responsibility to verify that you are legally permitted to trade the instruments configured in the Software.