Risk Disclosure.
1. General Trading Risk
Trading futures contracts, including E-mini Nasdaq-100 (NQ) futures, involves a substantial risk of loss and is not suitable for every investor. The leveraged nature of futures trading means that small market movements may have a large impact on your account, and you may lose more than your initial investment if not properly managed.
You should carefully consider your financial situation, experience, and objectives before deciding to trade futures. You should never trade with money you cannot afford to lose.
2. Risk of Automated Trading
Automated trading systems, including Quantify, carry their own specific risks in addition to general trading risk:
- System failures. Software bugs, internet outages, broker API failures, hardware failures, or power outages may cause the system to miss trades, fail to close positions, or execute incorrectly.
- Latency and slippage. Network delays between your machine and the broker may cause executed prices to differ from intended prices.
- Configuration error. Incorrect parameter settings, mismatched contract sizes, or improper risk caps can result in unexpected losses.
- Market regime change. Strategies that perform well in one market environment may underperform or lose money in different conditions. Past behavior of an algorithm is not a reliable indicator of future behavior.
- No human override during fast markets. An automated system follows its rules; it does not take a step back when news breaks. Black swan events and fat-finger fills are possible.
3. Past Performance Disclosure
Live performance results displayed reflect actual trades on a specific TopStepX Express account during a defined window. Backtested results reflect simulated trades against historical price data using the Quantify engine. Both have meaningful limitations:
- Live results cover a limited window and may not reflect performance in different market regimes;
- Backtested results have the inherent benefit of hindsight and may not reflect real-world execution challenges (latency, slippage, partial fills, broker outages);
- Your individual results will differ based on account size, broker, hardware, internet connection, configuration, market conditions, and your own behavior.
No representation is being made that any account will or is likely to achieve profits or losses similar to those displayed.
4. Hypothetical Performance Disclaimer
Where backtested or hypothetical results are referenced, please note: 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.
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. 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.
5. Prop Firm Specific Risks
Quantify is configured for use on TopStepX Express accounts. Use of automated trading software on prop firm accounts carries additional risks:
- Account loss. Drawdowns that breach the prop firm's daily loss limit or trailing drawdown will result in account termination. Account fees paid to the prop firm are typically non-refundable.
- Rule violations. Prop firms have specific rules about consistency, position sizing, news trading, and overnight positions. Quantify is configured to comply with TopStepX rules at the time of release, but rules can change.
- TOS compliance. Prop firms may restrict or prohibit certain types of automated trading, signal copying, or third-party software. You are solely responsible for verifying that the use of Quantify is permitted under your prop firm's current terms of service. Use of unauthorized automation may result in account termination and forfeiture of any profits without recourse.
- Multiple accounts. If you operate multiple prop firm accounts, you may be subject to additional rules around account correlation, copy-trading restrictions, or account family limits.
6. Technical & Operational Risk
You are responsible for the operating environment in which Quantify runs. This includes but is not limited to:
- Reliable internet connectivity;
- Stable power and hardware (a VPS or dedicated machine is strongly recommended);
- Properly configured operating system, Python environment, and dependencies;
- Up-to-date and properly secured TopStepX API credentials;
- Monitoring of the system during trading hours.
Quantify is not responsible for losses arising from your operating environment, including but not limited to dropped connections, hardware failures, malware infections, or unauthorized access to your machine.
7. Not Financial Advice
Quantify is software. Nothing in the Service constitutes financial, investment, legal, or tax advice. We are not registered investment advisors, commodity trading advisors, broker-dealers, or financial planners.
Communications you receive — through Discord, group sessions (if subscribed to Plus), email, the website, or any other channel — are general educational and informational in nature. They are not personalized recommendations and should not be treated as such.
Before making financial decisions, consult a licensed professional who can evaluate your individual circumstances.
8. Regulatory Notice
Trading futures contracts is regulated in the United States by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). The Quantify trading software is not a registered investment vehicle, and Quantify Systems is not a registered investment advisor or commodity trading advisor.
If you are accessing the Service from outside the United States, your use may be subject to additional regulations in your jurisdiction. You are responsible for compliance with all applicable laws.
9. Acknowledgment
By purchasing or using Quantify, you acknowledge and agree that:
- You have read and understood this Risk Disclosure in full;
- You understand that trading futures involves substantial risk of loss;
- You understand that past performance does not guarantee future results;
- You are solely responsible for your trading decisions and outcomes;
- You will not hold Quantify Systems liable for any losses incurred from your use of the Service;
- You are using Quantify with capital you can afford to lose entirely.
10. Contact
For questions about this Risk Disclosure, contact us at quantifydaytrading@gmail.com. If after reading this you have any reservations about the risks involved, do not purchase the Service.