Research & Backtest Risk Disclosure
Important disclosures about the limitations of backtests, simulations, and research outputs in Traseq.
Traseq is research and backtesting software. It helps users develop, compare, document, and review strategy ideas. Traseq is not a broker, exchange, custodian, execution venue, clearing firm, or investment adviser, and it does not provide personalized investment, legal, tax, or accounting advice.
This Risk Disclosure is intended to explain the limits of the Services in plain language. It should be read together with our Terms of Service and Privacy Policy.
1. Research Use Only
The Services are provided for research, testing, documentation, workflow support, and internal analysis.
Nothing in the Services constitutes:
- investment advice or financial advice
- a recommendation to buy, sell, hold, or transact in any asset
- a solicitation or endorsement of any strategy, market, venue, or instrument
- a guarantee that any output is suitable for your objectives, risk tolerance, or constraints
2. Hypothetical and Simulated Outputs
Backtests, simulations, model outputs, optimization results, and comparative analytics are hypothetical.
They are generated from historical data, assumptions, parameters, and model logic. They do not represent actual trading and should not be presented or interpreted as actual achieved performance.
Actual outcomes can differ materially from hypothetical or simulated results.
3. Important Limitations of Backtests and Simulations
Hypothetical results may fail to capture or may understate important real-world factors, including:
- data quality issues, missing data, stale data, or survivorship bias
- commissions, fees, funding, borrowing costs, taxes, and other transaction costs
- slippage, spread variation, market impact, and liquidity constraints
- latency, outages, routing differences, rejected orders, and venue-specific behavior
- operational failures, human error, and execution process differences
- changing market structure, regime shifts, and model instability over time
Because of these limitations, a strong historical result does not mean a strategy will perform similarly in any live or future environment.
4. No Guarantee of Future Results
Past performance, simulated performance, and hypothetical performance are not indicative of future results.
A profitable backtest, favorable simulation, or strong comparative report does not mean that a strategy will be profitable, reliable, suitable, or safe under current or future market conditions.
5. External Data and Third-Party Services
The Services may rely on third-party data sources, cloud providers, integrations, APIs, and AI providers.
We do not guarantee the accuracy, completeness, availability, or timeliness of third-party data or services, or of outputs derived from them.
A failure, delay, change, or inaccuracy in a third-party dependency may affect the Services and any related output.
6. Your Responsibility
You are solely responsible for:
- deciding whether and how to use any research output
- validating strategy logic, assumptions, parameters, and risk controls
- determining whether a strategy or workflow is appropriate for your own objectives and constraints
- complying with any law, regulation, exchange rule, investor communication rule, or internal policy that applies to your use
- any decisions, actions, losses, claims, or consequences arising from your use of the Services or your reliance on any output
If you choose to use research generated with Traseq in connection with any live environment, that use is outside the scope of the Services and remains your responsibility.
7. No Brokerage, Custody, or Execution Services
Traseq does not:
- accept or route orders
- execute transactions
- hold customer assets
- provide brokerage services
- provide custody services
- provide personalized investment recommendations
The Services are designed to support research and evaluation, not transaction execution.
8. No Warranty as to Accuracy or Fitness
We do not warrant that any backtest, simulation, or analysis output will be accurate, complete, error-free, or fit for a particular purpose.
Research outputs should be treated as inputs to your own review process, not as substitutes for independent judgment, testing, or compliance review.
9. Contact
If you have questions about this Risk Disclosure, contact:
Traseq
support@traseq.com