Risk Disclosure

"We", "us", and "Qubit Quant" mean [[ENTITY]], a software publisher operated by two engineers. We build Expert Advisors (EAs) for the MetaTrader 5 platform and release free, beta quant tools.

"You" and "your" mean any person or entity that accesses, downloads, licenses, configures, or runs anything we publish.

"The Services" means our website, our EAs (including but not limited to Trident, UpStake, and grid/martingale strategies such as WakuWaku), our free and beta tools (the backtest engine, the MT5 report analyzer, and the data downloader), our published backtest reports, our activation-key licensing, and all related content.

We are NOT a broker, a dealer, a bank, a custodian, a fund, an asset manager, a portfolio manager, an investment adviser, a financial adviser, a signal service, a copy-trading provider, or a fiduciary of any kind. We do not hold, touch, or manage your money. We do not open, close, or manage trades for you. We do not have discretion over your account. We publish software; you decide whether and how to run it, in your own trading account, at your own broker, at your own risk.

The statements above that we are not a fund or manager and do not manage accounts describe the self-hosted software Services you run in your own trading account. Any separate managed or profit-share arrangement, if we offer one, is governed by its own written agreement and is not part of these Services.

Trading foreign exchange, gold, CFDs, and other leveraged instruments carries a high level of risk and is not suitable for every investor. To the maximum extent permitted by applicable law, you assume all risk of loss arising from any trading you conduct while using the Services.

The high degree of leverage available in these markets can work against you as well as for you. Before using any EA or tool, you should carefully consider your objectives, experience, and risk appetite. You should not deposit or trade money you cannot afford to lose entirely.

• Total loss. You can lose all of the capital in your trading account.
• Loss beyond deposit. Because these instruments are leveraged, you can lose more than the amount you deposited, and you may be liable to your broker for the shortfall.
• Rapid loss. Markets can move against you faster than any software can react, including through gaps, halts, spikes, and illiquidity.
• No safe configuration. No setting, filter, stop, or parameter we ship or you choose removes the risk of loss.

Past performance is not indicative of future results. Any historical result — whether from a live account, a demo account, a prop-firm account, or a backtest — describes what happened under specific past conditions that will not repeat.

We publish our headline metrics (for example, on Trident: profit factor, Sharpe, trade count, and test span) alongside the raw MT5 .html report that produced them, on Dukascopy tick data, so you can reconcile every number yourself. That honesty is about traceability, not prediction. A number you can verify is still not a forecast, a target, or a promise. To the maximum extent permitted by applicable law, we make no representation that any past result will be repeated or approximated in your account.

Backtested and simulated results are hypothetical. They are modelled outcomes generated after the fact, not the record of real trades placed with real money at the moment prices moved.

Our backtests run on Dukascopy tick data rather than broker data, and we prefer that data because it survives a slippage check. This improves realism. It does not make a backtest real. A backtest still cannot fully reproduce live spread, live slippage, requotes, partial fills, latency, swap and commission schedules, execution rejections, broker-side price differences, or the emotional and operational reality of trading.

Hypothetical performance results have inherent limitations. Among them: they are prepared with the benefit of hindsight; no hypothetical record can completely account for the impact of financial risk in actual trading; and the ability to withstand losses or adhere to a strategy in the face of drawdown can adversely affect actual results. To the maximum extent permitted by applicable law, we make no representation that any account will or is likely to achieve results similar to those shown.

An Expert Advisor is unattended software that places real orders. Once you enable it, it can open, modify, and close positions without further input from you, at any hour, at machine speed.

• It runs on your infrastructure. The EA executes inside your MT5 terminal, on your machine or VPS, through your broker connection. A power cut, network drop, crashed terminal, VPS outage, expired chart, or platform update can stop it, delay it, or leave a position unmanaged.
• It does exactly what it is told. It cannot exercise judgement. A bug, a wrong parameter, an incompatible symbol, a mismatched timeframe, or an unexpected market condition can produce large losses very quickly and without warning.
• It depends on your license and settings. Our EAs gate live trade-opening behind a valid activation key and heartbeat; a lapsed key, clock skew, or failed check can change behaviour. You are responsible for correct installation, configuration, monitoring, and shutdown.
• It is provided as-is. To the maximum extent permitted by applicable law, we do not warrant that any EA or tool will be uninterrupted, error-free, secure, compatible with your broker or platform version, or fit for any particular purpose.
• Licence gating is not a safety system. Our EAs periodically check licence status against our servers to permit live trade-opening. To the maximum extent permitted by applicable law, we are not liable for any loss arising from any interruption, delay, downtime, error, or false-negative in our activation, heartbeat, or licensing service — including one that prevents an EA from opening trades or leaves an open position unmanaged. You are responsible for monitoring the software and for closing or managing positions yourself if it stops trading.

Grid and martingale strategies — including WakuWaku — carry a distinct and severe risk of catastrophic loss. Read this section separately even if you have read the rest.

These strategies work by adding to a losing position — opening additional and often larger orders as price moves against the trade — in the expectation that price will retrace. When that expectation is wrong, exposure and loss compound rapidly. A single sustained, trending, or gapping move against the grid can consume the entire account balance and trigger a margin call before any recovery occurs.

• The equity curve is deceptive. These strategies can show long stretches of small, steady gains punctuated by rare, total-loss events. A smooth-looking history does not mean the tail risk is gone; it means it has not been realised yet.
• Drawdowns can be terminal. There is no depth of grid, no lot progression, and no safety setting that eliminates the possibility of a full account wipeout.
• You choose to run it. If you deploy a grid or martingale EA, you do so with full knowledge of this risk. To the maximum extent permitted by applicable law, we are not liable for losses arising from the strategy's design or from your decision to run it.

Leverage magnifies both gains and losses. A small deposit can control a much larger position, which means a small adverse price move can produce a loss far larger than your deposit.

Leverage terms, margin requirements, and margin-call and stop-out rules are set by your broker and your jurisdiction, not by us. You are responsible for understanding them before you trade. To the maximum extent permitted by applicable law, we are not responsible for losses, margin calls, or negative balances resulting from leverage or from the lot sizing you or an EA applies.

Your broker is independent of us and outside our control. We do not select, endorse, control, or supervise any broker, liquidity provider, VPS host, or the MetaTrader 5 platform, and we are not their agent.

• Execution is theirs, not ours. Spreads, commissions, swaps, slippage, requotes, rejected or partially filled orders, price feeds, order-fill logic, and stop-out policy are determined by your broker and the platform, not by our software.
• Outages happen. Broker outages, server downtime, feed interruptions, quote freezes, and platform failures can occur at any time and can prevent an EA from managing open positions.
• Broker data differs. Prices at your broker can differ from the Dukascopy data our backtests use, which means live results can differ materially from any test.
• No liability for third parties. To the maximum extent permitted by applicable law, we are not responsible or liable for the acts, omissions, execution quality, solvency, outages, or conduct of any broker, exchange, VPS provider, data source, or platform.

Prop-firm accounts, evaluations, and challenges have their own rules, and we do not control them. We test on our own money before we ask for yours, but we are not affiliated with, and make no promises about, any prop firm or its programme.

Prop firms impose their own daily-loss limits, maximum-drawdown limits, consistency rules, time limits, news-trading restrictions, and payout conditions, and they may change or enforce those rules at their discretion. Running any EA — particularly a grid or martingale strategy — can breach these limits and cause you to fail a challenge or lose a funded account and any fees you paid. To the maximum extent permitted by applicable law, we are not responsible for lost challenge fees, failed evaluations, revoked accounts, denied payouts, or any dispute between you and a prop firm.

Nothing we publish is financial, investment, legal, tax, or trading advice. Nothing on the Services is a recommendation, solicitation, or offer to buy, sell, or hold any instrument, or to adopt any strategy.

We do not guarantee profit, income, capital preservation, a win rate, a drawdown ceiling, a Sharpe or profit factor, or any specific outcome, and no employee, page, report, or communication should be read as such a guarantee. Any figure we publish is descriptive of the past and reconcilable with a raw MT5 report; it is not a target for your account.

You are solely responsible for your own trading decisions. Before acting, you should seek advice from an independent, licensed financial adviser who is authorised in your jurisdiction and who knows your circumstances. To the maximum extent permitted by applicable law, we disclaim any duty to advise you.

The Services are provided "as is" and "as available". Our tools ship in beta where marked, and where they are rough the page says so.

To the maximum extent permitted by applicable law, we disclaim all warranties, conditions, and representations of any kind, whether express, implied, or statutory, including but not limited to any implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, and profitability, and any warranty that the Services will be uninterrupted, timely, secure, error-free, or free of harmful components. No advice or information, whether oral or written, obtained from us creates any warranty not expressly stated in our Terms.

To the maximum extent permitted by applicable law, we are not liable for trading losses. This limitation applies regardless of the legal theory (contract, tort, negligence, strict liability, or otherwise) and even if we were advised of the possibility of the loss.

• No indirect or consequential loss. We are not liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any lost profits, lost trading gains, trading losses, lost data, lost opportunity, margin calls, negative balances, or account wipeouts, arising out of or related to the Services.
• Cap on direct liability. Our total aggregate liability to you is limited as set out in the Limitation of Liability section of our Terms of Service, which controls. Services we provide free or for no consideration (for example, our free tools) carry no liability, except for the non-excludable matters below.
• Allocation of risk. You acknowledge that these limitations are a reasonable allocation of risk and an essential basis of the bargain, without which we would not provide the Services at the prices charged.

Nothing in this Risk Disclosure or our Terms limits or excludes our liability for: (a) death or personal injury caused by our negligence; (b) fraud or fraudulent misrepresentation; (c) damage to your device or digital content caused by digital content we supplied where we failed to use reasonable care and skill; or (d) any liability or right that cannot be limited or excluded under applicable law, including your non-waivable consumer rights.

You agree to indemnify us. To the maximum extent permitted by applicable law, you will defend, indemnify, and hold harmless Qubit Quant, its operators, and its contributors from and against any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising out of or related to your use of the Services, your trading activity, your configuration of any EA or tool, your breach of our Terms or this Risk Disclosure, or any dispute between you and a broker, prop firm, or third party.

Every trading decision, and its outcome, is yours. By downloading, licensing, configuring, or running any part of the Services, you confirm that you understand and accept the risks described on this page.

• Test first. Trial any EA on a demo account before risking real capital, and only risk money you can afford to lose completely.
• Understand what you run. You are responsible for reading the reports, understanding the strategy — especially the tail risk of grid and martingale — and choosing your own parameters, symbols, timeframes, and lot sizing.
• Operate and monitor it. You are responsible for correct installation, your VPS or machine, your broker relationship, your license and activation key, and monitoring or halting the software.
• Comply with your own rules. You are responsible for meeting the legal, tax, regulatory, broker, and prop-firm requirements that apply to you in your jurisdiction.
• Confirm eligibility. You confirm you are of legal age and permitted to trade these instruments where you live, and that leveraged trading is lawful for you.

We may update this Risk Disclosure from time to time. The version in force is the one published here, and your continued use of the Services after a change means you accept it. This page should be read together with our Terms, Privacy Policy, Refund Policy, and Cookie Policy; if a conflict arises, the order-of-precedence clause in the Terms governs, and on any question of trading risk this Risk Disclosure controls. Where you are a consumer, any ambiguity is read in your favour and your non-waivable rights prevail.

Questions about this disclosure can be sent to legal@qubitquantglobal.com. This Risk Disclosure is governed by the laws of [[JURISDICTION]], without regard to conflict-of-laws rules.