We do have individuals ask on occasion if we have statements we can share. We used to provide these upon request – but recently decided to begin showing them on the website. Just remember, past performance is not indicative of future performance. In addition, trading futures and options involves substantial risk of loss and is not appropriate for all investors.
Summary of Statements Provided
The following image shows a summary of the results seen. Refer to the FAQ at the bottom of this page for answers to the most common questions we get regarding statements.
Past performance is not indicative of future performance. Trading futures and options involves substantial risk of loss and is not appropriate for all investors.
Algorithmic Trading Actual Statements
Regarding Statements: 1) Statements may not be representative of the experience of others. 2) Statements are not necessarily indicative of future performance or success. 3) Unless otherwise noted, no compensation has been paid in exchange for these Statements .
Frequently Asked Questions Regarding Statements
We get it. Showing statements can introduce a number of different questions. For this reason, we have some answers to the more common questions we get regarding the statements.
Are these actual statements from someone only trading your algos?
Yes. This individual has 2 accounts opened with Gain Capital. The first account (E48334) is trading the Swing Trader. The second account (E48335) is trading the S&P Crusher.
Why are there two accounts?
They are separated so that the results of each trading system can be viewed in a single account. This makes it easy to see how the Crusher has performed vs. how the Swing Trader has performed.
Why does this feel confusing? Why not just give me some statements? Why the diagram?
Because this is an actual account trading the algos – it’s not always clean to view. This individual transferred money from one account to seed the second account. He also Took Profits or withdrew some of the gains in Jan, Feb and Mar of 2017. In order to better track the actual performance of the account, we created the image shown above – so that you can see the beginning account balance, ending account balance, any withdrawls/deposits to the account and finally the total profit for each month.
Can you just explain how much the Swing Trader made in the live account?
Yes. The swing trader account that we share (E48334) began trading in February 2017. He started with $40,000 (transferred from his crusher account). As of 7/27/17, he has made approximately $28,615. This is a percent gain of 71.53%.
Got it. How about for the crusher?
The crusher account that we share (E48335) began trading in January 2017. He started with $109,565. He transferred $40K to the swing trader account and withdrew an additional $40,000 in Jan,Feb and Mar. As of 7/27/17, his account has approximately $64,241. His total profit for Jan-July 2017 has been approximately $34,344. This is a normalized percent gain of approximately 38.16%.
Why do the statements have a weird format?
In order to remove personal information (name and address), we had to import the PDF statement from Gain Capital into MS Word. The only edit made was to remove personal information and highlight in yellow the net liquidating value of the account. When we save this document back into a PDF, the formatting gets aligned in a strange way but it is still readable.
Why does the second account balance go from $109K to roughly $64k?
This is because the customer took $40K out of the account as profits. He also transferred $40K to the swing trader account. This brought his overall balance down in the crusher account. If you add back $80K to his balance, he would have had approximately $144K.
How many contracts are being traded on each algorithm?
The swing trader account is trading 4 units and the crusher account is trading 3 units.
Looking at the statements, they are very confusing. Can you help explain them?
Each PDF statement shows two accounts. You could look at each trade if you want – however it’s easiest to just look at the Net Liquidating Value of the account. This shows the total account value, including open trades and closed trades. It’s the easiest way to determine how an account has done. However, because these individuals withdrew money and transferred money to a new account – you have to also look at the Payments/Receipts section. This shows any withdraws or credits to or from the account. In addition, you can see these transfers in the statement itself.
Why do they cover 2017 only? What about 2016?
In 2016, the account we show was trading the Crusher V1, Crusher V2, Swing Trader and the iron condor weekly options package. Because of this, it would be too confusing to determine the results of each algorithmic trading system. The results are all combined in a single statement and we feel this would not be helpful. In addition, the owner of the account placed a few discretionary trades in 2016.
Why do you share the statements? I thought this was not allowed?
Our attorneys have assured us that we are allowed to share statements as long as they are reflective of actual accounts and we include the proper disclaimers. To emphasize this yet again: Past performance is not indicative of future performance. In addition, this is not for everyone!
With that said, we provide statements to customers so that they can get a feel for what kinds of fills we get and what the actual returns have been.
Can I have someone audit your statements?
Yes. If you prefer to have an accountant review our statements – we can provide them to a certified professional accountant with the personal information included. Because we are not registered CTA’s, these statements have not been audited by the CFTC.
AlgorithmicTrading.net provides trading algorithms based on a computerized system, which is also available for use on a personal computer. All customers receive the same signals within any given algorithm package. All advice is impersonal and not tailored to any specific individual's unique situation. AlgorithmicTrading.net, and its principles, are not required to register with the NFA as a CTA and are publicly claiming this exemption. Information posted online or distributed through email has NOT been reviewed by any government agencies — this includes but is not limited to back-tested reports, statements and any other marketing materials. Carefully consider this prior to purchasing our algorithms. For more information on the exemption we are claiming, please visit the NFA website: http://www.nfa.futures.org/nfa-registration/cta/index.html. If you are in need of professional advice unique to your situation, please consult with a licensed broker/CTA.
DISCLAIMER: Commodity Futures Trading Commission Futures trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website or on any reports. The past performance of any trading system or methodology is not necessarily indicative of future results.
Unless otherwise noted, all returns posted on this site and in our videos is considered Hypothetical 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 IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
With the exception of the statements posted from live accounts on Tradestation and/or Gain Capital, all results, graphs and claims made on this website and in any video blogs and/or newsletter emails are from the result of back-testing our algorithms during the dates indicated. These results are not from live accounts trading our algorithms. They are from hypothetical accounts which have limitations (see CFTC RULE 4.14 below and Hypothetical performance disclaimer above). Actual results do vary given that simulated results could under — or over — compensate the impact of certain market factors. Furthermore, our algorithms use back-testing to generate trade lists and reports which does have the benefit of hind-sight. While back-tested results might have spectacular returns, once slippage, commission and licensing fees are taken into account, actual returns will vary. Posted maximum draw downs are measured on a closing month to closing month basis. Furthermore, they are based on back-tested data (refer to limitations of back-testing below). Actual draw downs could exceed these levels when traded on live accounts.
CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not 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.
Statements posted from our actual customers trading the algorithms (algos) include slippage and commission. Statements posted are not fully audited or verified and should be considered as customer testimonials. Individual results do vary. They are real statements from real people trading our algorithms on auto-pilot and as far as we know, do NOT include any discretionary trades. Tradelists posted on this site also include slippage and commission.
This strictly is for demonstration/educational purposes. AlgorithmicTrading.net does not make buy, sell or hold recommendations. Unique experiences and past performances do not guarantee future results. You should speak with your CTA or financial representative, broker dealer, or financial analyst to ensure that the software/strategy that you utilize is suitable for your investment profile before trading in a live brokerage account. All advice and/or suggestions given here are intended for running automated software in simulation mode only. Trading futures is not for everyone and does carry a high level of risk. AlgorithmicTrading.net, nor any of its principles, is NOT registered as an investment advisor. All advice given is impersonal and not tailored to any specific individual.
* Published percentage per month is based on back-tested results (see limitations on back-testing above) using the corresponding package. This includes reasonable slippage and commission. This does NOT include fees we charge for licensing the algorithms which varies based on account size. Refer to our license agreement for full risk disclosure.