Legal & Risk

Risk Disclosure

Effective October 12, 2026

Read this disclosure carefully before using any Black Raven Futures educational material, indicator, chart, statistic, or website content.

Futures trading involves substantial risk of loss and is not suitable for every investor. You can lose more than your initial margin deposit. Only risk capital—money you can afford to lose without affecting your financial security or lifestyle—should be used.

Educational and analytical use only

Black Raven Futures provides educational publications and analytical software tools. Nothing on this website constitutes personalized investment advice, a recommendation to buy or sell any futures contract, a solicitation, brokerage service, managed account, commodity trading advisory service, or guarantee of results.

You remain solely responsible for evaluating market context, suitability, position size, entry, stop, target, execution, and trade management. Indicators may be delayed, unavailable, incorrect, or unsuitable for a particular market condition.

Hypothetical performance disclosure

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 those being shown.

Backtests and historical observations may exclude or imperfectly model commissions, fees, bid-ask spreads, slippage, order-queue position, latency, partial fills, rejected orders, data errors, platform outages, discretionary decisions, and changing market conditions. Historical or simulated results do not predict future performance.

Technology and third-party risks

Black Raven Futures products may depend on NinjaTrader, Windows, market-data providers, brokers, exchanges, ORENKO bar software, internet connectivity, and computer hardware. Black Raven Futures does not control or warrant those third-party systems. Platform updates, data differences, settings, connection failures, or vendor changes can alter signals or prevent operation.

NinjaTrader and related names are trademarks of their respective owners. Black Raven Futures is independent and is not endorsed by, sponsored by, or affiliated with NinjaTrader or CME Group.

No warranty or fiduciary relationship

Materials and software are provided “as is” and “as available,” to the maximum extent permitted by law. Use of the website or purchase of a product does not create a fiduciary, advisory, broker-client, or managed-account relationship.

Questions

Questions about this disclosure may be sent to support@blackravenfutures.com.