Trading risk
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Leveraged products such as forex, contracts for difference (CFDs), futures and options can move against you quickly, and losses can exceed your deposit where your broker’s terms allow it. Cryptoassets are highly volatile and largely unregulated. Prices can gap over weekends, around economic releases and in thin markets, so stop orders may fill at a worse price than set. Swap, commission, spread and slippage costs reduce returns, especially for short-term strategies.
Only trade with money you can afford to lose. If you are unsure whether trading is suitable for you, take independent advice from a firm authorised to give it.
Hypothetical and simulated performance
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 despite trading losses are material points that can adversely affect actual trading results. Numerous other factors related to the markets in general or to the implementation of any specific trading program cannot be fully accounted for in the preparation of hypothetical performance results, and all can adversely affect trading results.
Backtests, Bar Replay and verified plugin results
Every backtest, strategy test, Bar Replay session and plugin result in Orderblock is hypothetical. They are calculated on historical prices with assumptions about fills, spreads, commission and slippage. Real fills, your broker’s prices, your execution and your own decisions will differ, sometimes greatly.
A plugin marked “Verified” has been tested by a fixed procedure: costs on every trade and again at double costs, settings chosen before the most recent 30% of the history and reported on it separately, results by period, Monte Carlo resampling of the trade order, neighbouring settings, and a fingerprint of the price data used. “Verified” means that procedure was followed and the report is signed. It does not mean the plugin will be profitable, that past results will continue, or that it suits you.
Results are shown in R (multiples of the amount risked per trade) and, where stated, as a percentage at a fixed risk per trade. A different risk per trade, account size or broker changes the outcome.
Charts, plugins, alerts and AI
Orderblock’s charts, indicators, strategies, plugins, alerts and AI answers are educational tools for studying markets and reviewing your own trading. Nothing in Orderblock is investment advice, a recommendation or a signal to buy or sell, and Orderblock does not manage accounts or place trades on its platform.
If you run an Orderblock plugin as an Expert Advisor in your own MetaTrader terminal, it can place orders on your account according to its rules and the settings you choose. You decide whether to run it, on which account and at what risk, and you remain responsible for every order it places. Software, data feeds, connections and brokers can fail or behave unexpectedly; supervise anything that trades for you.
Price and calendar alerts depend on your broker’s data and on networks outside our control. They can arrive late or not at all, so never rely on an alert alone to manage risk.
AI answers are generated from your data and general market knowledge and can be wrong or incomplete. Check anything important before you act on it.
Examples and testimonials
Sample accounts, screenshots and examples on this website and in the demo use illustrative data. Any trader’s experience described here is theirs alone, is not typical and is no guarantee of future results.
Questions
If anything here is unclear, write to [email protected] before you rely on it. The full terms of using Orderblock are in the Terms of Service.