Risk Disclosure
Last updated: Oct 20, 2018
Please read this Risk Disclosure carefully before subscribing to ProfitMasterBot or connecting a trading account.
1. Nature of the Service
ProfitMasterBot replicates trades from master accounts to your MetaTrader account. It automates execution; it does not remove market risk. Every strategy can and will have losing periods.
2. You bear all the risk
Trades copied to your account are executed on your broker account with your funds. Leveraged products can move against you quickly, and losses can exceed your deposit with some brokers. Only trade with money you can afford to lose.
3. Track records are not a guarantee
The performance shown for each strategy is calculated from the live master account. It is historical, is affected by the account size and broker conditions of that account, and does not predict future results. Your own results will differ because of your broker's spreads and execution, your account size, the multiplier and caps you choose, the moment you start following, and connection latency.
4. Specific risk factors
- Drawdown: strategies experience drawdowns; a series of losses can be larger than the historical maximum drawdown.
- Execution and slippage: copied trades may fill at different prices than the master's, or be rejected by your broker.
- Connectivity: outages at the copy-trading infrastructure, your broker or the internet can prevent trades from being opened or closed in time.
- Multiplier: a multiplier above 1× amplifies both gains and losses relative to the master account.
- Weekend and news gaps: positions held over weekends or high-impact news can gap through stop levels.
- Strategy changes: master strategies are improved over time; behaviour may change.
5. Prop firm accounts
If you connect a funded or challenge account, you are responsible for verifying that copy trading and the strategy's style are allowed under the firm's rules and for setting caps that respect the firm's drawdown limits. A breach can result in loss of the account.
6. No advice
Nothing on the Service is investment advice or a recommendation to trade. Consult a licensed adviser if you are unsure whether leveraged trading is suitable for you.
7. Acknowledgement
By subscribing and connecting an account you confirm that you have read and understood this disclosure and accept the risks described.