Risk
Etalon Labs is analysis software. It is not financial advice, and nothing here is a recommendation to trade.
That sentence is short enough to skim past, so this page says the same thing slowly, and says what follows from it.
What the software does
Etalon is analysis software. Current builds do not provide financial advice, make trade recommendations, or place orders. Decisions made using the software remain yours.
Current builds do not place orders. Any future execution capability would be separate, explicit, and subject to its own controls.
What a backtest is
A backtest in the Lab runs your strategy over past prices as if it had been trading then. It is a simulation: it shows what those rules would have done on those prices under the Lab's assumptions, not what anybody earned, and not what the rules will do next.
| Hypothetical | No money was at risk and no order reached a market. Fills, fees and slippage are modelled, and a real market fills differently, most of all in size, in thin contracts and around news. |
|---|---|
| Hindsight | Rules written or tuned after looking at the prices they are tested on look better on those prices than on any others. The more settings are tried, the more certain it is that one of them looks good by chance. The Lab's frozen out-of-sample tests exist for this, and they reduce the problem without removing it. |
| Data | Market data has gaps and errors. The Lab refuses what it can check and says what it could not, but a result is never better than the prices under it. |
| Your responsibility | What you trade after a backtest is your decision and your risk. |
Trading involves loss
Trading futures and other leveraged instruments carries a risk of losing money, and losses can exceed the amount you deposit.
Nothing sold on this site reduces that risk, and no tool can. Most people who trade leveraged products lose money. If losing what you put in would harm you, the correct response is not a better indicator.
What is never published here
Not as a modest omission, but because each one is a claim about the future that nobody can make honestly.
Etalon does not use profit screenshots, payout certificates, or trading results as proof of product performance.
| No results | There is no win rate, no equity curve, no track record and no backtest offered here as evidence that a tool works. The Lab draws equity curves of your own strategies for you; Etalon publishes none of its own as proof of anything. |
|---|---|
| No testimonials | Nobody is quoted saying a tool made them money, because a quotation is not a measurement. |
| No signals | Nothing here tells you what to buy or sell, and no alert from any Etalon tool should be read as an instruction. |
| No urgency | There is no countdown, no closing offer and no seat that runs out. A price that is fair today is fair next week. |
Nobody here is your adviser
Etalon is not a registered investment adviser, a broker, or a financial institution of any kind, in any jurisdiction. Nothing on this site or in anything sold from it is personalised to your circumstances, because your circumstances are not known here and are not asked for.
If you want advice about your own money, the person to ask is someone regulated to give it, who will ask you questions no piece of software asks.
Where the rest of it is
The terms cover what you are buying and what happens if something goes wrong. The privacy page covers what is collected. This page is only about the thing those two assume you already understand.