Disclosures

Futures Trading Risk Disclosure

CFTC REQUIRED DISCLOSURE: Trading futures involves substantial risk of loss and is not appropriate for all investors. Past performance is not necessarily indicative of future results. The risk of loss in futures trading can be substantial. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading futures.

• Futures trading contains substantial risk and is not for every investor
• An investor could potentially lose all or more than the initial investment
• Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle
• Past performance is not necessarily indicative of future results
• Only risk capital should be used for trading

How Backtest Figures Are Produced

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since the trades have not 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 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.

• Knightfall backtest figures on this site come from the NinjaTrader 8 Strategy Analyzer on MNQ 5-minute data, with NinjaTrader commission and 1 tick of slippage per fill. Your broker's commissions and your actual fills will differ
• Each published setup and each risk level in the sizing tool is rebuilt from one NinjaTrader trade export using the strategy's own sizing rules, and checked trade for trade against separate NinjaTrader runs
• "R" figures divide each trade's result by that trade's own stop distance, so they do not depend on position size
• "Plan for" drawdown figures come from reshuffling the backtest trades in random order. They are a simulation, not a limit or a forecast. Live drawdowns can exceed backtested and simulated ones
• Reference and recommended setups describe how FSD-X configures the strategy. They are not personal advice and are not suitable for every account
• Backtest results are published separately from the live track record and are never combined with it
• Figures are restated when the strategy is updated. Past versions' figures may differ

Affiliate & Vendor Disclosure

FSD-X Trading participates in affiliate and vendor programs with third-party trading platforms and services, including as a listed vendor in the NinjaTrader® Ecosystem.

• Links shared by FSD-X Trading may be affiliate or vendor links
• FSD-X Trading may earn a commission if you click a link and make a purchase
• This comes at no additional cost to you
• Affiliate relationships do not influence our recommendations — we only partner with platforms we believe provide value to our community

NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

Analytics, Advertising & Cookies

This website uses third-party analytics and advertising measurement tools to understand how visitors find and use the site, and to measure the performance of our advertising. These tools may set cookies or similar identifiers in your browser.

• Meta Pixel — measures visits and actions taken on this site so we can evaluate and improve our advertising on Facebook and Instagram
• Google Analytics & Google Ads — measures site traffic, page performance, and advertising results
• First-party traffic logging — we record anonymous page visits on our own servers to understand which pages are used

Where you submit information directly to us — for example an email address on our contact form — that information may be converted into an irreversible hashed value and shared with advertising platforms solely to match your activity to an existing account. Advertising platforms do not receive your email address, name, or other contact details in readable form through this website.

Tradovate Connection

If you choose to connect a Tradovate login on the Accounts page, you sign in and approve access on Tradovate's own website. We never see or store your Tradovate password. The connection is read-only: it lets us read your account list, account balances, order and fill history, contract names, and account risk settings so we can sync them to your FSD-X account tracker and journal. We cannot place, change, or cancel orders, and we cannot move funds.

• The access token Tradovate issues is stored encrypted on our servers and is never sent to your browser
• Synced fills are kept for up to 120 days and are visible only to you
• We do not share or sell your Tradovate data, and we do not use it to provide personalized financial advice
• You can disconnect at any time from the Accounts page. Disconnecting deletes the stored access and synced fills; trades you already imported into your journal stay until you remove them. Deleting your FSD-X account removes all of it

Payments, subscriptions, and account management are handled by Whop, and community access is handled by Discord. Each operates under its own privacy policy, and information you provide to them is governed by their terms rather than ours.

• We do not sell your personal information
• We do not use this data to provide personalized financial advice or to assess your individual suitability for trading
• You can block or delete cookies in your browser settings, and most browsers offer tracking protection that will prevent these tools from loading
• You may opt out of Google Analytics using Google's browser add-on, and adjust ad personalization in your Meta and Google account settings

If you would like to request access to or deletion of information associated with you, contact us through the contact page and we will respond within a reasonable period.

Referral & Partner Program

FSD-X Trading operates a referral program through Whop. Active members may earn a commission on memberships purchased through their referral link, and individually approved partners may do the same at a rate agreed with us. This section governs that program. It is separate from Section 14, which covers commissions FSD-X Trading earns from third parties.

How commission works

• Commission is a percentage of membership revenue actually collected from a referred customer
• It is recurring — paid for each billing cycle the referred member remains subscribed — and it stops when they cancel
• It is reversed if the underlying payment is refunded or charged back
• Free trial periods generate no commission; commission begins on the first payment collected
• Tracking, holding periods, and payment are handled entirely by Whop under Whop's own terms. FSD-X Trading does not hold or disburse commission funds
• Referring someone costs them nothing. Referred customers pay the same published price, and any active promotion applies to them as it would to anyone

Rates and eligibility

• Commission rates are set by FSD-X Trading, may differ between participants, and may be changed at our discretion
• Any increase to a participant's rate is discretionary and is not promised, earned, or guaranteed by reaching any threshold
• Member eligibility depends on an active membership. If a membership lapses, eligibility ends
• Commission applies only to the current membership product. Retired or archived products do not generate commission
• We may decline, suspend, or terminate any participant's involvement at any time, and may modify or end the program entirely

Participant obligations

• Participants must clearly disclose that they earn a commission wherever their referral link appears, as required by applicable advertising and consumer-protection law
• Participants must not make income claims, performance guarantees, or any representation that a customer will profit, pass an evaluation, or obtain funding
• Participants must not use statistics, results, or claims other than those we publish, and must not bid on FSD-X Trading brand terms in paid search or social advertising
• Self-referrals, duplicate or alternate accounts, spam, and unsolicited messaging are prohibited and result in reversal of commission
• Participants may not resell, rebrand, sublicense, or bundle access to our software

Participants are independent parties. Participation does not create an employment, agency, partnership, or joint venture relationship, and no participant is authorised to make representations, commitments, or support promises on behalf of FSD-X Trading. Statements made by a participant are their own.

Any commission rates, percentages, or examples shown on this website describe the commission structure only. They are illustrations, not earnings claims, projections, or representations of typical results. Earnings depend entirely on how many customers a participant refers and how long those customers remain subscribed. Most participants earn little or nothing. There is no guarantee of any income from participation.