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These materials are provided for educational and informational purposes only. They do not constitute investment advice, an investment recommendation, or any other brokerage service within the meaning of applicable laws and regulations. The content is not tailored to your individual situation, knowledge, objectives, or risk profile.

The results presented may include historical simulations (backtests) and may not reflect all execution costs and constraints (including commissions, spreads, slippage, taxes, and liquidity limitations). Historical or simulated performance is not a guarantee of achieving similar results in the future.

Investing, especially in derivative instruments (e.g., futures, CFDs), involves high risk, including the risk of losing your entire invested capital and, in some cases, an obligation to provide additional margin.

These materials do not constitute an offer or solicitation to enter into any transactions. Do not copy the transactions or strategies presented. All investment decisions are made independently and at your own risk.

The results shown in the reports are indicative only and depend on the adopted methodology, data selection, parameters, assumptions, and the way risk and return measures are calculated. Actual results may differ materially from historical or simulated results.

The author may hold positions in the instruments discussed or may apply a similar approach in practice. The information contained in the reports may change without prior notice.

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