Risk Disclosure
Minerva is research and backtesting software operated by Minerva One, Inc. It is not investment advice and does not execute live trades.
Trading and investing involve substantial risk of loss and are not suitable for everyone. Minerva is research and backtesting software; it is not investment advice and does not recommend that you buy, sell, hold, or allocate to any security or instrument.
Hypothetical and backtested results. Results produced in Minerva are hypothetical. They are prepared with the benefit of hindsight, do not involve real money or real execution, and cannot fully account for market liquidity, fees, slippage, financial risk, or your own behavior. Past and hypothetical performance does not indicate future results, and actual results frequently differ sharply from hypothetical ones.
Paper trading. Paper trading is simulated. No live orders are placed, and simulated fills may differ materially from real markets.
Data limitations. Market and reference data may be delayed, incomplete, revised, or subject to vendor restrictions, and may contain errors.
Your responsibility. You are solely responsible for your strategies, parameters, assumptions, and any decision to act. Consider seeking advice from a licensed professional before making investment decisions.
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 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.
Questions about this document: info@minerva1.com · Minerva One, Inc., 16192 Coastal Highway, Lewes, Delaware 19958 · Last updated June 13, 2026.