Sierra Hotel - Trading System Available from CSI Equity Graphs Summary Table History Resources     DX - Dollar Index on FINEX Hypothetical performance. SF - Swiss Franc on CME Hypothetical performance.     FV - 5 Year Note on CBT Hypothetical performance. MW - Spring Wheat on MGE Hypothetical performance.

CSI strongly recommends that customers test the system before risking capital. CSI's Unfair Advantage (UA) data delivery product offers tools for simulating profits and losses over time. Please attempt to experience the ambivalence and indecision inherent in continuing with your trading over an extended period of time.

Please make use of your 30 day risk-free period to simulate trading. Log your entries and exit prices and discount for commission and slippage using the provided Position Manager. This allows you to watch as trading profits and losses are accumulated. Satisfy yourself that this is a system you would enjoy trading. CSI does not want you to experience a result which does not suit your temperament and your willingness to accept losses. If you are not satisfied with the signals produced by Sierra Hotel, contact CSI during the initial 30-day period and we will refund the purchase price of the trading software and disable the program on your computer. During that 30-day period, all trades should be done solely on "paper" without market risk or a possibility of loss.

Your UA software also includes a Monte Carlo trading analysis study called Trading System Performance Evaluator (TSPE). Please continually feed your trade-by-trade paper-trade experience into UA's TSPE product. TSPE will give you a quantitative assessment concerning your chances of trading success.

Important Warning!

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated 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 those 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.