Trading Futures Involves Substantial Risk
Trading futures contracts involves substantial risk of loss and is not suitable for every investor. You could lose more than your initial investment. The leverage inherent in futures trading can work against you as well as for you. You must be prepared to lose your entire investment.
Black Label Bots is software designed to execute futures trading strategies. It is not a guarantee of profit, nor does it protect you from losses. Your use of this software is entirely at your own risk.
Backtest Disclaimer
Backtested results are hypothetical and do not represent actual trading. Past performance is not indicative of future results. Backtested results have inherent limitations, including:
- Hypothetical results are NOT the same as live results
- Backtests do not account for all real-world friction (slippage, latency, partial fills)
- Market conditions may change; strategies that worked historically may not work in the future
- Backtests are typically created with knowledge of price action, introducing potential optimization bias
- Simulated results do not reflect the psychological pressure of real-money trading
Live Results May Differ From Backtest
Actual trading results may differ significantly from backtested results due to:
- Slippage: Actual fill prices may be worse than expected due to market movement
- Latency: Delays in order transmission or execution may cause missed fills or worse prices
- Execution Quality: Your broker's execution and fill algorithms affect your results
- Market Conditions: Real-time market volatility, liquidity, and gaps can differ from historical conditions
- Commission & Fees: Actual commissions, exchange fees, and clearing fees reduce profits
Black Label Bots Is Software, Not Investment Advice
Black Label Bots is a software tool. It is not:
- A registered investment advisor
- A registered broker-dealer
- A financial advisor or financial advisor representative
- A provider of investment advice or recommendations
The software executes trades based on programmed logic. It does not evaluate your personal financial situation, risk tolerance, or investment objectives. Any trading you do is your own decision and at your own risk.
No Guarantee of Profit
There is no guarantee that Black Label Bots will be profitable. The software may generate losses. You are solely responsible for:
- Your decision to trade and the amount of capital you deploy
- Understanding the risks of futures trading
- Monitoring your account and the software's performance
- Your losses, whether from strategy underperformance, execution issues, or market conditions
Commission Assumptions
Black Label Bots models trades with a commission assumption of $1.24 per round-turn per contract. Actual commissions may be higher or lower depending on your broker and account type. You are responsible for knowing your actual commission rate and accounting for the impact on your results.
Broker & Platform Notice
Black Label Bots works with futures brokers and platforms to route orders. We are not affiliated with, endorsed by, or associated with:
- CQG (registered trademark of CQG Inc.)
- Tradovate (registered trademark of Tradovate, Inc.)
- Rithmic (registered trademark of Rithmic Systems, LLC)
- TradingView (registered trademark of TradingView, Inc.)
- Your prop firm or broker
These are third-party platforms and brokers. Your relationship with them is separate from your use of Black Label Bots.
Acknowledgment
By using Black Label Bots, you acknowledge that:
- You understand the risks of futures trading
- You have read and understood this disclosure
- You are solely responsible for your trading decisions and capital
- You will not hold Black Label Bots, its creators, or its distributors liable for losses