SEC Disclosure:

Past performance does not guarantee future performance, results or success. We do not promote any stocks or options of any kind on this site.  'ETS' is a computerized mechanical trading system and is not investment advice.  We do not promote stocks or options of any kind or nature for any company, we do not/have not received any compensation from any company whose stock symbol may appear on this site, in our advisories, newsletters or publications, and we have no financial interest in the outcome or investment in and of any trade recommendation generated by the system, discussed or mentioned herein.  There is substantial risk of loss trading stocks, options, futures, Forex and/or derivatives, and you need to determine your own suitability to trade.  There may be tax consequences for short term profits/loss on trades.  Consult your tax advisor for details on this if applicable.  We are not a broker or dealer.

The Required "CFTC" Commodity Futures Trading Commission Disclaimer:

``These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical 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 these being shown.''

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading, for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Traders Software Co., Inc., is a Registered Informational CTA, and does not execute client trades or manage client accounts.