What this site is and is not, and the risks of the program whose record it publishes.
This site publishes the performance record of programs that trade the proprietary capital of reout, which is not registered with any financial regulator.
Nothing on this site is an offer or a solicitation to buy or sell any investment, or investment, legal, tax or other advice. No investors are solicited, the programs’ signals are not sold, and the programs are not available to individual investors. Institutional allocators may write to the address below. The Disclosure sets this out in full.
Every figure of the program is a return or a ratio from live trading in its account, calculated from the exchange’s records as the Methodology sets out. No backtested or simulated result is shown as part of the record.
Past performance is not indicative of future results. A short record says little about what a program will earn, and the value of an account can fall as well as rise, by more than any fall the record has yet shown. Drawdowns are measured once a day and are therefore a lower bound. Published figures are not amended; an error is corrected by a separate, logged correction.
The program trades at up to three timesthe equity of the account. Losses are multiplied as gains are: a move in the price of bitcoin against the program’s positions is a larger loss in the account. The levels of loss at which the program is reviewed are set out in the Kill Criteria; none of them stops trading on its own.
Bitcoin trades around the clock and its price can move sharply within a day, including while positions are open and before any exit order is filled.
Perpetual futures carry funding payments between long and short positions, which can be a cost. A leveraged position whose losses bring its margin down to the venue’s maintenance level can be closed by the venue, at a loss, without the program’s instruction.
The account and all its assets are held at a single trading venue. The venue’s failure, insolvency, suspension of trading or withdrawals, security breach or change of rules could cause losses, or prevent the program from trading or its capital from being withdrawn. Digital asset venues are not protected by deposit insurance. If the venue shows the signs of failure set out in the Kill Criteria, positions are closed and assets withdrawn under a rule fixed in advance, but a failing venue may not allow either.
The account is held and measured in USDT, a stablecoin. A loss of its value against the US dollar would reduce the account’s value in dollars, and the record makes no adjustment for it.
The program’s decisions come from a model developed on past market data. Markets can change in ways that past data does not contain, and a model that has worked can stop working without warning.
The program is run by an automated system that depends on data feeds, software and infrastructure, any of which can fail. Every incident is logged and disclosed, but an incident can still cause a loss.
The program is overseen by one person. If that person became unavailable, the system would go on managing open positions by its rules, but reviews, changes of version and responses to incidents could be delayed.
Laws and regulations governing digital assets and their trading differ between jurisdictions and are changing. A change could restrict how or where the program trades.
The site sets no cookies and uses no advertising or tracking. It counts visits in aggregate, without cookies and without identifying visitors, through its host’s analytics. Its fonts are served from the site itself. The host that serves the site keeps the technical logs any web server keeps.
The information on this site is provided as it stands, and may be changed. It may not be relied on as the basis of an investment decision.
Institutional allocators: [email protected]