> For the complete documentation index, see [llms.txt](https://nexgen-software-services.gitbook.io/nexgens-software-day-trading-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nexgen-software-services.gitbook.io/nexgens-software-day-trading-documentation/indicator-packages/ninjatrader-8-indicators/t3-promatrix-strategy.md). # T3 ProMatrix Strategy ### The ProMatrix Strategy The T3 ProMatrix is Nexgen's full-spectrum, single-chart automation for NinjaTrader 8. Where the **T3 Trend Matrix** focuses on disciplined trend-trade pullbacks, the **ProMatrix** adds Nexgen's momentum and flow entries on top of that structure — strong-trigger and momentum arrows, High-Volume-Area looks, white-bar momentum entries, and optional pyramiding add-ons — so a single chart can trade both the pullback and the push. It runs the entire analysis, applies all applicable indicators to the chart, and handles setups, triggers, higher-timeframe context, terminations, targets, and trade management on a single **chart**, so the chart you watch is the chart that trades. Everything the system decides is shown on the chart through the **Rules Grid**, the **Market Flow** dots, and the reference plots, so it stays transparent rather than a black box. Use the inputs to tune it to your own preferences and risk. Click below to download a quick reference guide. {% hint style="warning" %} #### ⚠️ Important Risk & Monitoring Notice ⚠️ Automated futures day-trading systems by Nexgen Software Services are **not set-and-forget tools**. While the strategy handles 100% of the entries and exits, all users must continuously monitor positions and system activity. Market conditions can change rapidly, and during periods of **extreme volatility, news events, sharp trends, or unusual price behavior** can cause automated strategies to behave in ways that require immediate user intervention. Failure to monitor may result in significant losses. By using the automated strategies, you are solely responsible for managing your risk, ensuring proper system functioning, and pausing or overriding the strategy if markets become excessively volatile or behave outside normal expectations. {% endhint %} *** ### Windows Settings #### Clean Up Temporary and Cache Files The Cached Files should be removed. You should also clean out your tick data daily. This is a good practice for maintaining consistency in the chat room and with other users. #### Sync your clock The final piece of the puzzle is to make sure your computer's clock is synchronized with the world's atomic clocks. Do this by going to your date and time settings and clicking SYNC. #### Use a Windows High Power Plan — Very Important If you use a "balanced plan," which most laptops use by default, your hard drive will shut off, and the CPU will run at 5% instead of 100% to save energy. NinjaTrader needs 100% all the time. {% hint style="warning" %} ### Adjust TIME ZONE to Eastern or Change Templates **If the T3 ProMatrix templates use "start and end times" based on the Eastern/New York time zone, and you are not set to Eastern time in the USA, please adjust your template Session Filter settings (Section 10) to your local time.** {% endhint %} ### T3 ProMatrix Strategy *** #### The ProMatrix Strategy The T3 ProMatrix is the single-chart "everything" build of the Nexgen T3 toolset for NinjaTrader 8. It evolved from Nexgen's Market Flow work and combines momentum entries, High-Volume-Area context, and structured trend setups into a single automated system. The chart you watch is the chart that trades: it loads its own indicators, evaluates every bar, and manages the full lifecycle of each trade. {% hint style="info" %} **Designed for:** index futures and highly liquid markets using a Range Bar Type — we focus primarily on **MNQ / NQ**. It will run on any size bar combination you wish to test; volatility may push you to a larger HTF bar (e.g., a 21-3, 55-8, or 89-13 on the NQ) or any combination of 5-1, 13-2, 21-3, 34-5, 55-8, or 89-13. {% endhint %} {% hint style="info" %} **ProMatrix vs Trend Matrix.** The Trend Matrix is the focused trend-pullback tool. The ProMatrix is the broader system — it keeps the trend setups (Mid-Band, Fib, Divergence PSO) and adds momentum looks from the T3 Market Flow setups(Strong Trigs, Any Arrow, Beyond Bands), High-Volume-Area trades, white-bar momentum entries, and optional add-on pyramiding. If you want a single chart that can take both the pullback and the breakout, this is it. {% endhint %} *** ## How a Trade Happens The ProMatrix evaluates each bar in a fixed pipeline. A candidate must clear **every** stage to become a trade: 1. **Setup** — one of the entry setups (Section 02) qualifies: a momentum arrow (Strong Trigs, Any Arrow, Beyond Bands), a structured rejection (Mid-Band Trend Trade, Fib Level, Divergence PSO), a White Paintbar momentum bar, or a High-Volume-Area look. 2. **Filter** — the candidate is checked against the chart triggers, the Higher-Timeframe filter (Section 11), the Large- and Small-Chart terminations (Sections 12–13), and the trigger/outer-band gates. 3. **Entry** — if it passes, an order is placed using the chosen Entry Type (Section 02.1): market or limit. 4. **Manage** — once filled, Trade Management (Section 01) runs the targets, stops, break-even, trailing, optional add-ons, and the daily loss/win guardrails. 5. **Testing** — every historical trade is plotted on the chart (turn on Text and Markers in the data-series format box). Use Tick Replay to see a more live-like historical version. 6. **Analysis** — once the strategy has finished calculating history, right-click the chart and select Strategy Performance / Historical to view the hypothetical backtested performance. {% hint style="info" %} **The Rules Grid is the fastest way to learn the system.** Each row is one rule; each column is a bar. The cell color tells you whether that rule allowed a long, allowed a short, or blocked. When a setup does not trade, the grid shows you exactly which rule stopped it. {% endhint %} {% hint style="warning" %} **Hover over each input for a description.** From the format screen, hovering over an input gives you a detailed description of what it does, its rules, and everything you need to know about it. {% endhint %} *** ## Adding the Strategy to Your Chart Build the chart and bar size you want to trade, then add the T3 Reversal Bar Marker indicator (or your saved T3 system chart template) to the chart — you will **not** need to load the indicators, as the system loads them for you. Now right-click the chart and choose **Strategies**. Add **T3 ProMatrix**, pick your account and ATM, format your rules, and enable it. When enabled inside a trading session, with the rules met and a valid entry bar, the system places and manages the trade on this chart's account. Historical arrows plot so you can study past signals. Remember, it will not trade outside the selected session if the Session Filter is checked. {% hint style="warning" %} #### ⚠️ Check Your Grid Immediately After enabling the strategy, check the Rules Grid right away. If it is populated, you will see trades evaluated in real time. **If it is not populated, reboot NinjaTrader and clear the cache and temp files** during the reboot. {% endhint %} Remember: while the automation runs, you retain 100% control over your trades, stops, and targets. You may enter manually under your own conditions, and any exit rules you have active will also manage your manual trades. *** ## On-Chart Side-Panel Buttons With Chart Trader open, a column of buttons appears in the trading panel. They give **live, discretionary control** without changing your saved parameters. Any button can be preset on or off by default, and toggled on the fly. | Button | What it does | | ------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **AUTO ENABLED** | Master automation switch. Green when the system may place trades automatically. Turn it off and no new automated entries are taken; existing positions are still managed. Defaults OFF on a live/sim chart so nothing trades during warm-up. | | **LONGS** | Enable or disable long entries independently. Grey when that direction is off. | | **SHORTS** | Enable or disable short entries independently. | | **SOFT CLOSE** | Gently flattens the current position on this instrument — a one-click manual exit that does **not** disable the strategy. (The standard Close button disables strategies on all charts.) | | **ALLOW ANY TRADE** |

An on/off override that comes up OFF on every chart load (amber when ON, grey when OFF).

When ON, every trade setup's enable toggle (Section 02) is treated as checked — so any setup that fires can take a trade, even ones you've turned off in the strategy. It's a fast way to "open the gates" on all setups without touching each checkbox.

What it does not change: it still respects AUTO, LONGS/SHORTS, and every filter — session windows, the HTF filter, term blocks, triggers, and so on. It only opens the per-setup on/off gates, nothing else.

| | **IGNORE FILTERS** |

A persistent on/off override that comes up OFF on every chart load (amber when ON, grey when OFF).

When ON, it bypasses the Section 12 (Large Chart / HTF line-hit) and Section 13 (Small Chart) termination blocks — trades that would normally be stopped by those termination blocks are allowed through.

What it does not change: it leaves the Section 11 Higher Timeframe filter, the Session Filter (time-of-day windows), and the trigger-opposition / weak-trigger / outer-band gates fully in force, and it still respects AUTO and LONGS/SHORTS. It only drops the Section 12 and 13 termination blocks.

| | **SHOW GRID** | Shows or hides the Rules Grid. | *** ## The Entry Setups (Section 02) The ProMatrix can run several distinct setups. Each can be turned on or off, and they compete on each bar. They fall into three families: **Momentum / Trigger entries** 1. **Strong Trigs Arrow** — enters on a strong, committed strong trigger alignment (a momentum push in the trigger structure). 2. **Assertive Entry (Strong Trigs only)-** **Using Assertive Entry** makes the **Strong Trigs Arrow** fire **one bar early, at market**, on the white paint bar preceding the reversal — anticipating the arrow rather than waiting for the reversal bar to print. A white-**UP** bar takes the **short** (ahead of the down-reversal bar); a white-**DOWN** bar takes the **long** (ahead of the up-reversal bar).

Assertive Entry is an aggressive, anticipatory mode: it commits before the reversal bar confirms, so expect more entries, some of which the reversal never validates. Test it on SIM and size accordingly before using it on a funded account.

3. **Any Arrow** — a market flow momentum-arrow entry that takes a qualifying trigger look without requiring full "strong" 2 trigger line alignment. 4. **Beyond Bands Arrow** — a momentum entry where the price is pushing beyond the bands. **Require HVA Outside Band**; optionally restrict this to look for where a High-Volume-Area sits outside the band. **Structured trend entries** 4. **MB (Mid-Band) Trend Trade** — a pullback rejection off the T3 Mid Band in the direction of the trend. 5. **Term At Synth Trig Trade** — A termination-at-the-synthetic-triggers setup. It takes a trade in the **opportunity direction** the moment an enabled termination block fires, while the price is at the synthetic-trigger band. It fires **LONG** when **all** of the following are true (SHORT is the exact mirror): 1. **All four primary triggers clear the band** — the Large Trigger, Large Average, Small Trigger, and Small Average are **all at or ABOVE the TOP** of the synthetic-trigger band (for shorts: all at or BELOW the BOTTOM). 2. **Synth crossed up** — the synthetic triggers are crossed UP (for shorts: crossed DOWN). 3. **The termination bar touched the band** — the bar that *created* the termination had **any part** of its range overlapping the synthetic-trigger band. 4. **A termination fires this bar** — an enabled **Section 12 (Large Chart / HTF line-hit)** or **Section 13 (Small Chart)** termination becomes TRUE on the current bar in the trade-opportunity direction. In the Rules Grid, a **BLUE** cell is the long opportunity and a **RED** cell is the short opportunity (a support-side termination that held → LONG; a resistance-side termination → SHORT). The **Term At Synth Trig Trade** — enable/disable this setup. Default **ON**. 6. **Fib Level Entry** — a rejection at a Fibonacci support/resistance ("flu") level. 7. **Divergence PSO Entry** — Pivot Stop Out of a prior divergence: price reaches a prior divergence line and reverses. **Specialized entries** 7. **White Paintbar Trade** — enters on a white (momentum-reset) bar. 8. **HVA Trade** — enters off a High-Volume-Area level (see *High-Volume Area* below). Arm or disarm it live with the **ENABLE HVA** button. **Shared Setup Conditions** These apply to **all** setups at once: * **Block Any Trade Outside Outer Band** — refuses entries taken beyond the outer band. This is generally reserved for range- or tick-based charts and is usually not applicable to Nexgen Dynamic Renko charts. * **Outer-Band Gate Also Blocks Add-Ons** — extends that gate to pyramiding add-ons. * **Block Trades Against Triggers** — blocks an entry taken **against** the small-chart trigger structure. If a trigger value is unavailable on the signal bar, the entry is allowed (fail-open). * **Allow Trades with Weak Trigs** — permits entries even when the native bar-timeframe triggers are not strongly committed. *** ## Entry Types (Section 02.1) Once a setup qualifies, the **Entry Type** decides how the order is placed: * **Market** — fires on the signal. * **Limit — rests at a configurable Limit Offset (Ticks) and waits for the price to come to it, canceling after a set number of bars if unfilled.** For accurate historical fills with limit entries, enable Tick Replay on the data series when back-testing. *** ## SYNTH Triggers (Section 04.1) The **SYNTH Triggers** add an optional third trigger line — a *synthetic* Large Trigger and its average — computed on their own bar series, independent of the chart you trade. Where the chart triggers (Section 03) read the trading bar and the HTF triggers (Section 04) read the higher-timeframe bar, the synth line reads a third, configurable series (default a **55-8 Nexgen Dynamic Renko**), giving you a separate, smoother momentum reference to read alongside the others. * **Show Synth Triggers** — plot the third trigger line (Large Trigger + Large Average on the synth series). * **Synth Large Multiplier** — large-trigger multiplier applied to the trigger/average periods (matches the T3 TriggerLines NEW Large Multiplier). Default 1.9. * **Synth Trigger Period** — base trigger period on the synth series; the Large Trigger uses Period × Large Multiplier (LinReg). Default 20. * **Synth Average Period** — base average period; the Large Average uses Period × Large Multiplier (EMA). Default 5. * **Synth Bar Type** — bar type of the synth series. Default Nexgen Dynamic Renko. * **Synth Value / Body Size** — synth bar body size (Value1 for Nexgen Dynamic Renko; period for Minute/Tick/Range). Default 55. * **Synth New Bar** — Nexgen Dynamic Renko New-Bar threshold (Value2); ignored for non-Renko types. Default 8. * **Synth Up-Cross Color** / **Synth Down-Cross Color** — colors of both synth lines on an up cross (trigger ≥ average) and a down cross (trigger < average). Defaults ForestGreen / Red. *** ## Market Flow Dots (Section 05) The ProMatrix plots the **T3 Market Flow** dots — Nexgen's momentum/flow read — directly on the chart. They give you an at-a-glance picture of who is in control while the system evaluates entries. **Show Market Flow History** (Section 09) controls whether prior dots are retained on the chart. *** #### VR Arrows (Section 06) The on-chart entry arrows mark where momentum setups fire. **VR Up Arrow Color** and **VR Down Arrow Color** set their appearance. These are display only and do not change behavior. *** #### Add-Ons / Pyramiding A ProMatrix-distinct feature in Trade Management. **Allow Add On** lets the system pyramid into a winning position by adding contracts as new qualifying looks appear, up to the **# of Add Ons Allowed**. Add-on fills are merged into the existing position, and the targets/stops are redistributed across the combined size. The **Outer-Band Gate Also Blocks Add-Ons** option lets the outer-band filter veto add-ons specifically. {% hint style="warning" %} Pyramiding increases size and risk. Size your contracts and daily-loss guardrails (Section 01) with add-ons in mind before enabling this on a funded account. {% endhint %} *** ## High-Volume Area (HVA) The **HVA** features mark a high-volume-area level and let the system trade from it: * **Use HVA Trade** — enables the HVA entry setup. * **HVA Offset (ticks)** and **HVA Line Length (Bars)** — position and draw length of the HVA level. * **Beyond Bands — Require HVA Outside Band** — restricts the Beyond-Bands momentum arrow to cases where an HVA sits outside the band. * **ENABLE HVA** button — arms or disarms the HVA look live (reads **HVA ARMED** when active). *** ## Higher-Timeframe Conditions (Section 11) **Use the Higher Timeframe Filter** turns on the HTF context — a larger bar type (e.g., 55-8) that must agree before a trade is allowed. The individual filters are: * **Filter: Wide Triggers** — small pair entirely outside the large pair. * **Filter: Sml Trig vs EMA** * **Filter: Price vs EMA** * **Filter: Entry bar w. real wick** — real-wick entry-bar check. * **Filter: Fast Large Trig vs EMA** * **Filter: EMA vs MidBand** It also sets the **HTF Bar Type**, **HTF Value / Body Size**, **HTF New Bar**, **HTF EMA Period**, and **Keep Wick Bars** (wick handling). This section decides whether the bigger picture must be confirmed before the system trades. *** ## Large Chart Terminations (Section 12) The HTF "lines hit" terminations veto a trade when the price reaches a higher-time-frame termination level and is rejected. Each line can be enabled individually: * **TMid Band** * **1:1 Small Swing** and **1:1 Large Swing** * **Support Value (SupVal)** and **Resistance Value (ResVal)** * **Divergence Bullish** and **Divergence Bearish** A termination **arms** when the just-closed bar touches the HTF line (within the **Lines Hit Tick Allowance**) and is direction-stamped by the approach (a hit from below blocks longs; a hit from above blocks shorts). **How an HTF termination is lifted** A block releases on **any** of the following: * **Filter strength** — enough of the four HTF trigger lines have moved past the level in the unblocking direction. * **Full HTF bar beyond the band** *(TMid Band and both 1:1 lines)* — a fully-closed HTF bar trades **entirely** beyond the live midband in the unblocking direction (high and low past it). A decisive break immediately terminates the termination. * **Opposite-direction block** — a new termination in the opposite direction supersedes and releases it. * **Filter disabled** — turning the line's input off clears any active block. A same-bar guard prevents a line from setting and releasing on the same bar, and a re-block cooldown governs how soon it can arm again. **Exit W/ HTF Chart Term** When an HTF termination fires **against an open position**, the system flattens it — the higher-timeframe companion to the Section 13 *Exit W/ Sm Chart Term*. A resistance termination exits longs; a support termination exits shorts. *** ## Small Chart Terminations (Section 13) The native-chart termination blocks stop a trade when the price is rejecting a key level **on the chart you trade**: * **Block on Fib Levels Rejection** * **Block on Trend Band Rejection** * **Block on Mid Band Rejection** * **Block on Large 1:1 Rejection** * **Block on Small 1:1 Rejection** * **Block on Divergence Pivot** Supporting controls include a **Re-Block Cooldown (Bars)** and the exit companion that lets a small-chart termination also flatten an open position, not just block a new one. *** ## Targets (Section 08) Targets can be fixed tick distances or **structural "Area" targets** anchored to chart lines. You can elect to use the **Fib Levels**, the **Mid Band**, the **1:1 Small** and **1:1 Large** swings, and the **Outer Bands** as targets. When an Area target is on, the system places the target at the nearest qualifying line and **reprices it as that line drifts**, so the exit stays aligned with the structure. Target 1, Target 2, and Target 3 / Runner each take a configured share of the position; the remainder runs to the next target or the trailing logic. *** ## Exits Beyond the targets, the system offers several rule-based exits (toggle as desired): * **Divergence Exit** — exits on a divergence against the position; it also reads the small-trigger direction, holding the exit if the triggers favor continuation. * **White Bar Exit** — exits on a white (momentum-reset) bar against the position. * **Exit W/ Sm Chart Term** (Section 13) and **Exit W/ HTF Chart Term** (Section 12) — termination-driven flattens, native and higher-timeframe, respectively. *** ## Trade Management (Section 01) The money-management core: * **Number of Contracts** — position size. * **Stop Loss (ticks)** — the initial protective ("max") stop placed at entry. * **Target 1 / Target 2 / Target 3 (Runner)** — the three profit targets and the share of contracts each removes. * **Min Ticks To Target 1** — a "room to run" filter. When greater than 0, the trade is **refused** if the nearest *enabled* structural target line (Section 08) is within this many ticks of the prospective entry — i.e., there must be at least this much room to Target 1. If no structural line is in reach, the trade is allowed. * **Break-Even Stop Ticks / Break-Even Plus Ticks** — move the stop to (or just past) break-even after a defined move or the first partial fill. * **Signal Pivot Stop** — anchor the stop to a confirmed up→down / down→up pivot near entry, sitting just behind the entry bar from the start (tighten-only). * **1Up / 1Down Trail Stop** — trail the remaining position bar-by-bar once active. * **White Bar Trailing** — trail using white (momentum-reset) bars. * **Use Dynamic Exit on Runner** — let the final contract run to a structural exit rather than a fixed tick target. * **Allow Add-On / # of Add-Ons Allowed** — pyramiding (see *Add-Ons* above). * **Max Daily Loss ($) / Max Daily Win ($) / Max Daily Win Trail ($)** — account guardrails. On a loss limit, the system stops automating (it will still post arrows until the next date change). On a win target, it keeps trading until the trailing stop in dollars is hit. {% hint style="info" %} **Order cleanup:** when a position goes flat by any path — stop, manual flatten, or termination — the system sweeps and cancels any target limit orders still resting, so there are no orphaned profit targets after a trade is flattened. {% endhint %} *** ## Session Filters (Section 10) Define your trading session windows — **Session 1** and **Session 2** (Start/End in HHMM) — and a **Daily Force Close (HHMM)** time that flattens any open position at the end of the day. Outside the windows, the system will not take entries. Adjust these to your time zone (defaults are Eastern). *** ## Reference Plots & Indicator Settings The strategy reads indicator settings directly off the chart, so you can format the hosted indicators, and the system uses your values: * **Fib Flu Plots (Section 15)** — the auto-generated Fib support/resistance levels: timeframes, look-back, update period, collapse margin, line width, and colors. * **Market Flow Dots (Section 05)** — the T3 Market Flow read and its history retention. * **HTF reference lines** — when **Show Indicators on Chart** (Section 09) is on, the HTF termination lines plot and step on the HTF bar. *** ## Full Input Reference A section-by-section summary of every parameter group in the Strategy properties window. **01. Trade Management** Position size, protective stop, the three targets and their contract shares, break-even and break-even-plus, signal-pivot stop, 1Up/1Down and white-bar trailing, dynamic exit on runner, add-ons (Allow Add On / # of Add Ons Allowed), and the Max Daily Loss / Win / Win-Trail guardrails. **02. Trade Setups**: Enable/disable the setups — Strong Trigs Arrow, Any Arrow, Beyond Bands Arrow (+ Require HVA Outside Band), MB Trend Trade, Fib Level Entry, Divergence PSO Entry, White Paintbar Trade, HVA Trade — plus the shared gates: outer-band blocks, Block Trades Against Triggers, and weak-trigger allowance. **02.1 Entry Type** Market / Limit selection and the Limit Offset (ticks). **03. Entry Chart Triggers** Small and Large Trigger and Average periods for the trading chart. **04. HTF Triggers** HTF Small/Large Trigger and Average periods computed on the higher-timeframe context. **05. Market Flow Dots** The T3 Market Flow plot and its history display. **06. VR Arrows** On-chart entry arrows (VR Up / VR Down arrow colors). Display only. **07. Divergence:** The divergence-based exit and the divergence label color. **08. Targets:** Which structural lines may serve as targets: Fib Levels, Mid Band, 1:1 Small/Large, and Outer Bands (Area targets). **09. Behavior** Diagnostic Logging, Min Bars Between Trades, Show Indicators on Chart, and Show Market Flow History. **10. Session Filter:** Session 1 / Session 2 windows and the Daily Force Close time. **11. Higher Timeframe Conditions** Master HTF filter plus the individual HTF agreement filters (Wide Triggers, Sml Trig vs EMA, Price vs EMA, Entry-bar real wick, Fast Large Trig vs EMA, EMA vs MidBand), HTF bar type, body size, new-bar value, EMA period, and wick handling. **12. Large Chart Terminations** The seven HTF line-hit terminations, the Lines Hit Tick Allowance, Show HTF Terms Labels, and Exit W/ HTF Chart Term. **13. Small Chart Terminations:** The native-chart rejection blocks, re-block cooldown, term dots, and Exit W/ Sm Chart Term. **14. Rules Grid** Grid colors, opacity, row height, history days, and empty-cell display. **15. Fib Flu Plots** Fib level computation: timeframes, look-back, update period, collapse margin, line width, and colors. **16. Fib2Fib Entry Filter** An additional Fib-to-Fib structural confirmation gate. *** {% hint style="warning" %} #### ⚠️ Important Risk & Monitoring Notice ⚠️ Automated futures day-trading systems by Nexgen Software Services are **not set-and-forget tools**. While the strategy handles 100% of the entries and exits, all users must continuously monitor positions and system activity. Market conditions can change rapidly, and during periods of **extreme volatility, news events, sharp trends, or unusual price behavior** can cause automated strategies to behave in ways that require immediate user intervention. Failure to monitor may result in significant losses. By using the automated strategies, you are solely responsible for managing your risk, ensuring proper system functioning, and pausing or overriding the strategy if markets become excessively volatile or behave outside normal expectations. {% endhint %} *** {% hint style="warning" %} #### Required CFTC Hypothetical Disclaimer *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 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.* {% endhint %} ***