Disclaimer

1. Scope and Incorporation

1.1. This Disclaimer applies to all use of the website operated by Cheng’s Data Service (“we”, “us”, or “our”), which operates the DoubleTrends™ brand, and to all signals, notifications, content, data, and materials made available through it (collectively, the “Service”). Capitalized terms not defined herein have the meanings given in the Terms of Service, into which this Disclaimer is incorporated and of which it forms an integral part.

2. Educational and Informational Purpose Only

2.1. The Service is provided solely for general educational and informational purposes. A Signal indicates only that our rules-based model detected a defined technical condition in respect of a market index on a stated date, and is provided as general information for your own independent study.

3. No Financial, Investment, or Other Professional Advice

3.1. NOTHING MADE AVAILABLE THROUGH THE SERVICE CONSTITUTES, OR IS INTENDED TO CONSTITUTE, FINANCIAL, INVESTMENT, TRADING, TAX, ACCOUNTING, OR LEGAL ADVICE, AND NOTHING SHALL BE CONSTRUED AS A RECOMMENDATION, SOLICITATION, INDUCEMENT, OR OFFER BY US TO BUY, SELL, OR HOLD ANY SECURITY, OR TO ADOPT, MAINTAIN, OR LIQUIDATE ANY INVESTMENT OR TRADING POSITION OR STRATEGY.

3.2. THE SERVICE IS GENERAL IN NATURE, IS NOT TAILORED TO YOU, AND DOES NOT TAKE INTO ACCOUNT YOUR PERSONAL CIRCUMSTANCES, OBJECTIVES, FINANCIAL SITUATION, RISK TOLERANCE, TAX POSITION, OR NEEDS. NO INFORMATION PROVIDED THROUGH THE SERVICE IS A PERSONALIZED RECOMMENDATION.

4. Not a Registered Adviser; No Fiduciary Relationship

4.1. We are not registered as, and do not act as, an investment adviser, broker, dealer, portfolio manager, or any other registrant in any jurisdiction. Your access to or use of the Service does not create any advisory, fiduciary, agency, or other professional or special relationship between you and us.

4.2. You should obtain independent advice from a licensed financial, investment, tax, or legal professional who can take account of your specific circumstances before making any decision relating to securities or investments.

5. Risk of Loss

5.1. TRADING AND INVESTING IN SECURITIES INVOLVE A SUBSTANTIAL RISK OF LOSS, ARE SPECULATIVE, AND ARE NOT SUITABLE FOR EVERY PERSON. YOU MAY LOSE SOME OR ALL OF YOUR CAPITAL. MARKET PRICES MAY MOVE RAPIDLY, SHARPLY, AND UNPREDICTABLY. YOU ASSUME ALL RISK ASSOCIATED WITH ANY DECISION OR ACTION YOU TAKE.

6. Past Performance; Hypothetical and Backtested Results

6.1. PAST PERFORMANCE IS NOT INDICATIVE OF, AND DOES NOT GUARANTEE, FUTURE RESULTS. Any historical signals, statistics, charts, returns, or other figures presented through the Service are provided for illustration only.

6.2. HYPOTHETICAL AND BACKTESTED RESULTS HAVE INHERENT LIMITATIONS. They are prepared with the benefit of hindsight, do not represent actual trading, and do not account for transaction costs, fees, slippage, taxes, liquidity, market impact, or the financial and psychological factors that affect actual decision-making. No representation is made that any account will or is likely to achieve results similar to those shown. Our model has produced incorrect or unprofitable signals in the past and may do so again.

7. No Guarantee of Accuracy, Availability, or Outcome

7.1. WE DO NOT WARRANT OR GUARANTEE THAT THE SERVICE OR ANY SIGNAL WILL BE ACCURATE, COMPLETE, RELIABLE, CURRENT, TIMELY, UNINTERRUPTED, OR AVAILABLE, OR THAT ANY SIGNAL WILL BE GENERATED OR DELIVERED AT ANY PARTICULAR TIME OR AT ALL. SIGNALS MAY BE DELAYED, MISSED, ERRONEOUS, OR ABSENT FOR EXTENDED PERIODS.

7.2. The Service relies on market and pricing data obtained from third-party sources. Such data may be inaccurate, incomplete, delayed, or unavailable, and we are not responsible for it. NO SIGNAL IS A PREDICTION, PROMISE, OR ASSURANCE OF ANY FUTURE MARKET MOVEMENT OR RESULT.

8. Your Sole Responsibility

8.1. ANY DECISION YOU MAKE OR ACTION YOU TAKE IN CONNECTION WITH THE SERVICE OR ANY SIGNAL — INCLUDING WHETHER, WHAT, WHEN, HOW, AND HOW MUCH TO BUY, SELL, OR HOLD — IS MADE SOLELY BY YOU, IN YOUR SOLE DISCRETION, AND AT YOUR SOLE RISK. YOU ARE SOLELY RESPONSIBLE FOR EVALUATING THE MERITS AND RISKS OF ANY SUCH DECISION AND FOR ALL RESULTING CONSEQUENCES.

9. Limitation of Liability

9.1. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, WE SHALL HAVE NO LIABILITY FOR ANY LOSS OR DAMAGE OF ANY KIND ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF, OR RELIANCE UPON, THE SERVICE OR ANY SIGNAL OR CONTENT. This Disclaimer is subject to, and our liability is limited by, the disclaimer of warranties and the limitation of liability set out in the Terms of Service. Nothing in this Disclaimer excludes or limits any liability or right that cannot be excluded or limited under applicable law, including the Consumer Protection Act, 2002 (Ontario).