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Legal disclaimer and risk disclosure

The services provided by Trend Recognition Ltd are intended for informational and educational purposes only. While a course of conduct regarding investments can be formulated from the presented analysis, at no time will Trend Recognition make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. The service is not a recommendation to buy or sell securities or an offer to buy or sell securities. The publishers of Trend Recognition website are not brokers or registered investment advisors and are not acting in any way to influence the purchase or sale of any security and/or its derivatives. The data for information provided by this website is obtained from sources deemed reliable but is not guaranteed as to accuracy, or completeness. The use of Trend Recognition services is done so at your own risk. Trading and investing in any financial markets, including, but not limited to the stock market, options market, futures market, bond market, and/or the commodities market involves serious risk of loss, and in some cases, greater loss than the amount invested. You should not rely solely on the information provided on this site in trading. Use of this site is your agreement to assume full responsibility for any losses, and your acknowledgment that we do not guarantee any results or information provided in this site and that you acknowledge that you are forming an independent opinion based upon your own research and resources, and not on the information contained herein. Trend Recognition recommends that you do your own due diligence and research when considering placing any kind of transaction.

It is possible at this or subsequent date, the publishers of Trend Recognition may own, buy or sell the securities discussed therein or their derivatives. Trend Recognition or its publishers are not liable for any losses or damages, monetary or otherwise, that result from trading the securities and/or derivatives discussed within the Trend Recognition website. The publishers of the Trend Recognition recommend that anyone trading securities and/or derivatives should do so with caution and consult with an experienced broker and/or investment advisor before doing so. Past performance of Trend Recognition may not be indicative of future performance and does not guarantee future results. Trading in securities and derivatives discussed by Trend Recognition should be considered speculative and contain a high degree of volatility and risk. ANY REDISTRIBUTION of the Trend Recognition website or information published therein, without the written consent of the Trend Recognition, is STRICTLY PROHIBITED. Copying and/or electronic transmission of the Trend Recognition website and information published therein is a violation of copyright law.

The systems back tests are not a track record. The data contained herein is for informational purposes only. No claim is made that any account has or is likely to achieve similar results in regard to either profits or losses.

Past performance is not indicative of future results.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENTLIMITATIONS. SOME OF WHICH ARE DESCRIBED BELOW. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TOACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THEREARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICALPERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLYACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS ISTHAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVEFINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CANCOMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TOADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSESARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TOTHE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFICTRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THEPREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OFWHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.