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All performance figures and illustrations were obtained using historical
back-testing on a computer and are not the results of an actual
account. No guarantee is inferred that future performance will be
like the results shown. Futures trading involves risk. There is
a risk of loss in Commodity Futures trading.
Hypothetical or simulated performance results have certain inherent
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 either 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 profits or losses similar to those shown. Past performance
is not indicative of future results. There is a risk of loss in
futures trading.
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