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Disclosures

Smithfield Trading Systems provides automated trade execution software and does not act as a registered investment adviser, broker-dealer, or asset manager. Nothing on this site constitutes investment, legal, or tax advice, and no advisory relationship is created by using this site or the Smithfield platform. Smithfield does not hold, custody, or have discretionary control over client funds — all trades execute directly within your own brokerage account, which you own and control at all times, and connectivity can be disconnected or overridden at any time. Trading and investing involve substantial risk of loss and are not suitable for all individuals. Past performance, backtested results, and any results referenced on this site are not indicative of future results, and no strategy guarantees profit or protects against loss. Any testimonials or results shown reflect individual experiences and are not representative of typical or expected outcomes.

Hypothetical Performance Disclosure

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 of actual trading. For example, the ability to withstand losses or to 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 which can adversely affect trading results.

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