a. Live Performance Disclaimer

The performance record has been reviewed by Delta Group for Accounting and Auditing. Any information presented as ‘performance’ needs to be confirmed by a valid brokerage statement, that the ICA MAP should have ready upon any prospective investor’s request; otherwise, any information regarding or hinting at practical performance should not be considered as a valid proof.

 The net performance results are presented after deducting performance fee and any other expenses.

b.Hypothetical Performance Disclaimer

Hypothetical or simulated performance results have many inherent limitations, some of which are described below. No representation is being made that any trading accounts will or is likely to achieve profits or losses similar to those shown. 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 of 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.