Disclaimer

Last Updated: April 2026

1. What OpenAlpha Is

OpenAlpha is a quantitative research and analytics platform designed for individual traders and professional investors. The platform provides market signals, backtest results, and research tools based on mathematical models and statistical methods.

2. What OpenAlpha Is Not

OpenAlpha is not a registered investment adviser. We do not:

• Provide personalized investment advice
• Manage client funds
• Execute trades on behalf of users
• Guarantee any investment returns
• Accept responsibility for users' trading decisions or outcomes

3. Nature of the Signals

All “signals”, “suggested directions”, and “strategy outputs” displayed on this platform are computational results of mathematical models applied to historical market data. These outputs are:

• Generic: All users see the same model outputs, not tailored to any individual
• Mechanical: Based on pre-defined mathematical formulas, not subjective judgment
• Descriptive: They describe the model's observation of current market conditions, not trading instructions
• Uncertain: All models have limitations; past performance does not indicate future results

4. About Backtest Results

The backtest results shown on this platform are based on simulated application of strategies to historical market data and do not represent actual trading performance. Real-world trading is affected by:

• Market slippage and liquidity constraints
• Trading fees, spreads, and taxes
• Execution latency and technical failures
• Trader psychology and emotional factors
• Structural changes in market conditions

Real-world performance is typically significantly worse than backtest results. Please take this seriously.

5. Risk Warning

Trading in forex, CFDs, cryptocurrencies, and other financial products carries a substantial risk of loss and may result in the loss of your entire principal. These products are not suitable for all investors. Before participating in trading, you should:

• Fully understand the risks of the relevant financial products
• Assess your financial situation and risk tolerance
• Consult a licensed financial adviser
• Only use funds you can afford to lose

6. Data Sources

OpenAlpha uses market data from OANDA and Yahoo Finance. We make no guarantees about the accuracy, completeness, or timeliness of the data. Data may be delayed, erroneous, or missing.

7. Limitation of Liability

To the maximum extent permitted by law, OpenAlpha and its affiliates, employees, and partners shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from the use of this platform, including but not limited to trading losses, data loss, or business interruption.

8. Acceptance by Use

By using OpenAlpha, you acknowledge that you have read, understood, and agree to this disclaimer in its entirety, and confirm that:

• You understand OpenAlpha is not an investment adviser
• You take full responsibility for your own trading decisions
• You understand financial trading involves risk of loss
• You will not rely on OpenAlpha's outputs as the sole basis for trading decisions