1. The Nature of Trading Risk
Midas places automated trades on US100 (NASDAQ-100 CFD) and XAUUSD (Gold) — both of which are leveraged products. Leverage amplifies both gains and losses. A small adverse price movement can result in a loss exceeding your initial margin deposit.
Past performance, whether based on historical backtests or live results, is not a reliable indicator of future performance. Market conditions change. Strategies that have performed well in one period can produce sustained losses in another.
2. Specific Risk Factors
Market Risk
Prices in leveraged markets can move rapidly and unpredictably in response to economic data releases, central bank decisions, geopolitical events, or shifts in market sentiment. Gaps can occur outside trading hours, meaning your stop-loss may be filled at a worse price than expected.
Leverage Risk
CFDs are typically traded with leverage of 30:1 or higher. This means a 1% adverse market move can produce a 30% (or greater) loss of margin.
Execution & Slippage Risk
Order execution depends on broker liquidity, server latency, and market conditions. During fast-moving markets or major news events, orders may be filled at significantly worse prices than requested. Backtested results assume ideal execution and may not reflect real-world fills.
Technology Risk
The Service relies on broker servers, MT5 platform stability, and VPS uptime. Outages, latency spikes, or platform updates may cause missed trades, delayed exits, or unintended positions. We cannot guarantee uninterrupted service.
Strategy Decay Risk
Algorithmic trading strategies can stop working — sometimes suddenly — as market structure evolves. A strategy that performed well historically may produce sustained losses in future market regimes. There is no guarantee Midas will continue to perform as it has done in the past.
Prop Firm Risk
You are exposed to the financial stability and operational integrity of your chosen Prop Firm. If your Firm becomes insolvent or experiences a major outage, you may lose funds or Midas may loose access to your account.
Drawdown Risk
Even profitable strategies experience drawdown periods — sometimes prolonged. You must be financially and emotionally prepared to sit through losing streaks without interfering. Interference with the system mid-drawdown often turns recoverable losses into permanent ones. Remember Midas has a daily drawdown limit and has never exceeded 4% daily drawdown
Prop Firm Risk
If you run Midas on a prop firm challenge or funded account, you are bound by the firm's specific rules (daily loss limits, total loss limits, trading-day requirements, etc.). Breaching these rules will result in account loss — and the firm's rules may change at any time. We do not guarantee compliance with any specific prop firm's ruleset.
3. No Financial Advice
Midas is a software tool. We are not authorised or regulated by the Financial Conduct Authority (FCA) or any equivalent body in another jurisdiction. We do not provide:
- Personal investment advice;
- Discretionary portfolio management;
- Recommendations on specific instruments, account sizes, or trading times;
- Tax, legal, or accounting advice.
You should seek advice from an independent, suitably qualified financial advisor before making any trading or investment decision.
4. Backtest & Performance Figures
Any performance figures shown on our website — including backtest results, equity curves, profit factors, win rates, and projected returns — are based on historical data or hypothetical simulations. These figures:
- Are not a guarantee of future results;
- May not reflect real-world execution conditions including spread, slippage, and gaps;
- Do not account for individual broker fees, commissions, or swap charges;
- May benefit from hindsight bias inherent in any backtest.
The hypothetical nature of backtested results means that no representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
5. Your Responsibility
By subscribing to Midas, you acknowledge and accept:
- You have read and understood this Risk Disclosure;
- You have a clear understanding of how leveraged financial instruments work;
- You are trading with capital you can afford to lose;
- You will not hold Midas Trading Systems liable for any trading losses arising from your use of the Service;
- You retain full control of, and responsibility for, your brokerage account at all times.
6. Seeking Help
If you find yourself unable to stop trading, chasing losses, or trading with money you cannot afford to lose, please seek help. In the UK, free and confidential support is available from:
- GamCare — gamcare.org.uk — 0808 8020 133
- The National Gambling Helpline — open 24/7
While trading is not gambling in the regulatory sense, the same support services are appropriate for anyone whose trading is causing financial or psychological harm.