Legal · updated June 26, 2026
Disclaimer
Research publication, not financial advice
Validated Strategies is a research publication. Everything we publish — the scoreboard, the strategy reports, the graveyard, the framework, downloadable code and reference implementations — is general information and educational research, made available identically to all readers. It is not, and must not be relied upon as, individualized investment, financial, legal, tax or accounting advice.
Not a CTA, RIA or broker-dealer
We are not registered as, and do not act as, a Commodity Trading Advisor, a Registered Investment Adviser, a broker-dealer, or a financial planner. We do not:
- make buy or sell recommendations to identified individuals;
- provide personalized portfolio reviews or financial plans;
- manage money or trade on anyone's behalf;
- send real-time trading signals or alerts to specific subscribers.
A subscription or purchase grants access to a research library and reference implementations — not to a trading-signals service or advisory relationship.
Backtests are hypothetical
All performance shown is hypothetical and simulated, subject to the limitations described in our Risk Disclosure (including the CFTC Rule 4.41 disclaimer). Backtests are not live performance. Past and hypothetical performance do not indicate future results. Live deployment is entirely at your own risk.
The burden of proof
We publish failures as readily as successes. Our position is simple: the burden of proof for any claimed trading edge lies with the person claiming it. Where we report that a strategy works, it means it survived our pre-registered tests on the data and window stated — nothing more. Your mileage may vary.
Third-party content
References to third-party strategies, products, papers or services (including in the graveyard) are for information and commentary. We are not affiliated with, and do not endorse, those third parties, and any trademarks belong to their owners.
See also our Risk Disclosure, Terms of Service and Privacy Policy.