Disclaimer

Last updated: August 1, 2026

Hypothetical and simulated performance

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

This applies to every backtest, Monte Carlo simulation, equity curve, drawdown statistic, distribution, and any other quantitative output produced by or described on QuantCrystal. Backtested and simulated results are constructed after the fact from historical data. They are not a record of money made or lost.

Simulation results are additionally constrained by the data they are built from. A bootstrap resamples the market regime contained in its input; it does not price regime changes, structural breaks, or event risk such as central bank decisions, economic releases, or geopolitical shocks. Reported drawdown percentiles and ruin probabilities should be treated as a lower bound on real risk, not an upper bound. See our simulation methodology and backtesting doctrine for a fuller account of these limitations.

Past performance is not indicative of future results. This is true of actual performance and doubly true of hypothetical performance.

Not financial advice

Nothing on this website constitutes financial advice, investment advice, trading advice, or any other form of advice. QuantCrystal is not a registered investment adviser, broker-dealer, commodity trading advisor, commodity pool operator, financial analyst, or financial planner under any federal or state law, and is not registered with the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, the National Futures Association, or any comparable authority in any jurisdiction.

No content on this site is a recommendation, solicitation, or offer to buy, sell, or hold any security, futures contract, digital asset, derivative, or other financial instrument, nor to adopt any trading strategy. Consult a qualified financial advisor, attorney, or tax professional before making any financial decision. You are solely responsible for your own decisions and for any resulting gains or losses.

Risk warning

Trading and investing involve substantial risk of loss and are not suitable for every person. Algorithmic and systematic trading carries additional risks beyond those of discretionary trading, including but not limited to:

• Software defects, logic errors, and unintended order behaviour
• Connectivity loss, exchange outages, and broker API failure
• Slippage and partial or non-existent fills in illiquid or fast markets
• Model decay — a strategy whose edge disappears as conditions change
• Overfitting, in which a strategy has learned noise rather than signal
• Leverage, which magnifies losses as readily as gains
• Rapid, automated loss accumulation before a human can intervene

You can lose more than your initial investment when trading leveraged instruments. Never trade with capital you cannot afford to lose entirely.

No warranties

All information, tooling, data, and analysis on QuantCrystal is provided "as is" and "as available" without warranty of any kind, express or implied, including without limitation any warranty of accuracy, completeness, reliability, fitness for a particular purpose, or non-infringement. We make no representation that any simulation, backtest, signal, dataset, or model output is correct, current, or suitable for any purpose.

Third-party data

Market data, fundamental data, and macroeconomic series are sourced from third parties, which may include Sharadar, Binance, the Federal Reserve Bank of St. Louis (FRED), the U.S. Securities and Exchange Commission (EDGAR), and others. QuantCrystal does not independently verify third-party data, does not guarantee its accuracy or timeliness, and is not responsible for errors, omissions, revisions, or delays originating with those providers. Data errors propagate into every downstream result.

AI-generated content

Some analysis and written content is generated with artificial intelligence (Anthropic's Claude). AI-generated content may contain errors, inaccuracies, outdated information, or fabrications, and is not reviewed by a licensed financial professional. It must be independently verified before being relied upon for any purpose.

No performance record is claimed

As of the date above, QuantCrystal publishes no track record and makes no performance claim. Any figures appearing anywhere on this site are illustrative placeholders provided to explain a method, are clearly labelled as such, and do not represent results achieved by any account, real or simulated.

Limitation of liability

In no event shall QuantCrystal, its owner, operators, or contributors be liable for any direct, indirect, incidental, special, consequential, or punitive damages — including trading losses — arising from or related to your use of or inability to use the platform, or your reliance on any information, data, simulation, backtest, or analysis provided through it. This limitation applies regardless of the legal theory under which damages are sought.

External links

This site links to third-party websites and services, including marketcrystal.ai and external data providers. QuantCrystal does not control, endorse, or assume responsibility for the content, accuracy, or privacy practices of any third-party site. Following external links is at your own risk.

Jurisdiction

This disclaimer is governed by the laws of the State of Texas, United States, without regard to conflict of law principles.

Contact

Questions about this disclaimer can be sent to contact@quantcrystal.com. Email is the only contact channel we publish.