Risk Disclosure

Effective date: May 1, 2026 · Last updated: May 31, 2026

READ THIS BEFORE YOU CONNECT PINEX TO A REAL TRADING ACCOUNT. Trading involves substantial risk of loss and is not suitable for every investor. You can lose all of your invested capital — and, in leveraged products, you can lose more than your invested capital. Past performance, backtest performance, and any other historical results are not indicative of future results. You are solely responsible for every trade. By using PineX you acknowledge and accept all of the risks described in this document.

1. PineX is a Tool, Not Investment Advice

PineX is software that detects Signals from a Pine Script Strategy you chose and forwards them as keyboard shortcuts to TradingView Desktop, which in turn relays orders to your connected Broker. PineX does not:

• Recommend any strategy, security, instrument, asset class, or trade;
• Evaluate whether a Strategy is appropriate for you, your financial situation, your risk tolerance, or your goals;
• Promise, guarantee, or imply any profit, return, or specific outcome;
• Verify, audit, certify, or warrant the correctness or safety of any Pine Script;
• Manage your account, monitor your positions, or close trades for you;
• Provide market analysis, news, alerts, or signals of its own;
• Act as your fiduciary, broker, adviser, or agent.

Every trade PineX fires is a trade you set up by choosing to load and run the Strategy that generated it.

2. You Can Lose Money. You Can Lose All of It.

Trading involves substantial risk of loss. The risk depends on the instruments you trade:

• Equities — you can lose up to the full amount invested.
• Options — you can lose the full premium paid (buyers) or potentially unlimited amounts (writers of uncovered options).
• Futures and futures options — you can lose more than your initial margin due to leverage; you may be required to deposit additional funds at short notice.
• Forex and CFDs — leverage magnifies both gains and losses; in fast markets, slippage can produce losses far in excess of your account equity.
• Cryptocurrency and crypto derivatives — extreme volatility, 24/7 trading, and irreversible transactions mean losses can occur quickly and cannot be undone.
• Leveraged or inverse ETFs — daily rebalancing causes decay; long-term holdings can underperform the underlying index even when the underlying moves in your favor.

You should not trade money you cannot afford to lose. You should not trade with funds you need for living expenses, retirement, education, healthcare, or any other essential purpose.

3. Backtests Are Not Reality

Backtested performance of any Pine Script Strategy is hypothetical and is not indicative of future results. Backtests typically suffer from one or more of the following limitations:

• Perfect fill assumption — backtests assume orders fill at the exact price the bar closed or opened at. In live trading, orders fill at the next available price, which may differ substantially.
• No slippage — backtests usually do not model the difference between the price at signal time and the price at fill time. Real-world slippage is especially severe in fast or illiquid markets.
• No commissions / fees — unless the Pine Script author explicitly models commissions, financing costs, exchange fees, or spreads, the backtest overstates net profitability.
• No partial fills — real orders may execute in pieces at varying prices; backtests assume each order is one fill at one price.
• Survivorship bias — strategies that look profitable on currently-listed assets may have failed catastrophically on assets that were delisted.
• Lookahead bias — subtle Pine Script bugs can cause a strategy to "use" future bar information that wouldn't be available in real-time. This can make a worthless strategy appear profitable.
• Curve-fitting / over-optimization — a Strategy tuned to maximize historical performance is unlikely to perform similarly on future data.
• Regime change — markets evolve. A Strategy that worked in trending markets may fail in chop. A Strategy validated in 2020 may not work in 2026.

Real-world results will differ from backtest results, and the difference is usually unfavorable to you. Hypothetical performance is presented only for illustration. It is not a promise, prediction, or representation of what your live trading will produce.

4. Execution Risk

PineX detects Signals and routes them to TradingView Desktop, which places the order with your Broker. Many things in this chain can go wrong, none of which are under our control:

• Your computer — sleep, lock, hibernate, freeze, OS crash, blue screen, kernel panic, power loss, or update reboot will stop PineX from polling. Signals occurring while PineX is offline are missed.
• Your network — internet outages, ISP throttling, Wi-Fi disconnections, VPN drops, or DNS failures can delay, drop, or duplicate Signals.
• TradingView Desktop — software updates, server outages, login session expiration, changes to TradingView's internal interfaces, or rate-limiting can prevent PineX from reading Strategy output or from routing the order.
• Your Broker — order rejections (insufficient margin, position limits, risk checks, halted symbol, market closed), order delays, partial fills, requotes, platform outages, or maintenance windows all occur and are outside our control.
• The market — gaps (especially overnight, around earnings, or around macro news), halts, circuit breakers, illiquid order books, and extreme volatility can cause fills far away from the Signal price.
• The TradingView Desktop runtime — PineX relies on debug interfaces exposed by the underlying Chromium runtime. Future TradingView or Chromium changes can disrupt or remove those interfaces without notice.

You must monitor PineX while it is running. Watch the first several fills of any session, confirm Broker fills match PineX's journal, and intervene immediately if anything looks wrong. Do not walk away from a live session.

5. Strategy Risk

Pine Scripts are written by you, by other TradingView users, or by third parties. PineX does not validate, test, or warrant any Pine Script. A buggy or misconfigured Strategy may:

• Fire constant Signals on every bar (e.g., due to an unbounded condition);
• Fire opposing Signals back-to-back (e.g., entry-then-exit on the same bar);
• Fire Signals on the wrong symbol if multi-symbol logic is buggy;
• Fire Signals at the wrong price (e.g., because of repainting after the bar closes);
• Fail to fire Signals at all due to silent logic errors;
• Behave differently in live mode than in Replay or backtest mode (this is a common Pine Script gotcha).

Before connecting any Strategy to real money:

• Run it on Replay mode and watch every Signal it generates;
• Paper-trade it for at least one to two weeks across varying market conditions;
• Cross-check every Signal PineX detects against what TradingView's strategy panel displays;
• Verify the Strategy's behavior at major events (gaps, halts, earnings, FOMC, NFP);
• Understand the Strategy's source code, or have someone you trust review it.

6. Mass-Signal Risk

TradingView re-emits historical Strategy trades as fresh Signals when the Strategy is reloaded, the chart is refreshed, the script is edited, the chart timeframe is changed, or TradingView updates its data source. PineX includes a mass-signal guard that pauses execution when many Signals arrive at once — but the guard can be disabled or misconfigured, and certain operations can trigger it inadvertently.

If you disable the guard or set its threshold too high and then trigger a reload, PineX will fire a market order for every historical trade simultaneously. This can result in catastrophic losses, margin calls, account liquidation, or violation of pattern-day-trader rules.

7. Multi-Pane and Multi-Strategy Risk

If you enable execution on multiple chart panes that track the same symbol with different Strategies, PineX will fire each Strategy's Signals independently. Two Strategies on the same symbol can produce opposing trades back-to-back (long then short), rapidly increasing transaction costs and exposing you to whipsaw losses. You are responsible for understanding how your Strategies interact and for managing concentration risk.

8. Liquidity Risk

Some instruments and markets have limited liquidity, particularly outside regular trading hours, on smaller-cap names, on options series with low open interest, on illiquid futures contracts, and on cryptocurrency pairs with thin order books. In illiquid conditions:

• Market orders may fill far away from the displayed price;
• You may be unable to exit a position at all without accepting a large unfavorable price;
• Slippage can exceed the entire signal edge of a Strategy that backtested well in liquid conditions.

9. Counterparty Risk

Your Broker, the exchange or trading venue, and the issuer of any instrument you trade are counterparties. If any of them fails (bankruptcy, regulatory intervention, insolvency, fraud), you may lose some or all of your funds or positions, regardless of how PineX performed. Government insurance schemes (SIPC, FDIC, FSCS, etc.) cover only specific scenarios and have coverage limits. PineX has no relationship with, no insurance for, and no ability to recover funds from your Broker or any other counterparty.

10. Regulatory and Tax Risk

Trading is regulated. Depending on your jurisdiction:

• Certain instruments may be restricted to accredited or professional investors;
• Certain order types or trading practices may be prohibited;
• Pattern day trading rules may restrict your activity and require minimum account balances;
• Tax treatment varies dramatically by instrument, holding period, account type, and country.

It is your responsibility to confirm that the trading you do is permitted in your jurisdiction and to comply with all applicable laws and tax obligations. PineX provides no tax forms or documentation beyond what your Broker generates. Consult a qualified attorney and tax professional in your jurisdiction.

11. Force Majeure and Systemic Events

Wars, pandemics, natural disasters, terrorist attacks, major cyberattacks, electrical grid failures, undersea cable cuts, exchange outages, and other systemic events can cause sudden market dislocations, exchange closures, broker outages, and inability to execute trades. PineX has no ability to remediate any of these and accepts no responsibility for losses arising from them.

12. No Fiduciary Duty

We are not your fiduciary, broker, investment adviser, financial planner, accountant, attorney, or agent. We have no duty to monitor your account, alert you to market events, intervene when a trade goes wrong, recommend changes to your Strategy, advise on position sizing, or take any other action on your behalf.

13. Recommended Practices

While not a substitute for professional advice, the following practices reduce risk:

• Start with paper trading. Stay on paper until you understand exactly how PineX, your Strategy, and your Broker interact.
• Start small. When you go live, trade the smallest position size your Broker allows.
• Use the mass-signal guard. Leave it on at default settings unless you have a specific reason to change them.
• Use stop-loss orders at your Broker, not just within your Strategy. A Pine Script stop is hypothetical; a Broker stop is real.
• Never disable both the "Fire on entries" and "Fire on exits" toggles simultaneously while a position is open — you may be unable to exit automatically.
• Keep your computer awake while PineX is running. Disable sleep, screen lock, and power management.
• Have a manual override plan. Know how to flatten all positions from your Broker's web interface or phone app within 60 seconds.
• Monitor the first 5–10 trades of any new Strategy, configuration change, or major version upgrade.
• Review your trades daily. Reconcile PineX's journal against your Broker's confirmation.
• Diversify and size positions so that any single trade — including one fired in error — cannot ruin your account.

14. Acknowledgement

By installing, accessing, or using PineX, you acknowledge that:

• You have read this Risk Disclosure in full;
• You understand the risks described, including the risk of loss greater than your invested capital in leveraged products;
• You accept full responsibility for any and all trades placed via PineX, including unintended trades, missed trades, and trades that violate your Broker's or your jurisdiction's rules;
• You have read and accept the Terms of Service and Privacy Policy;
• You will not rely on PineX, its operators, or any communication from us as financial, investment, legal, accounting, or tax advice.

15. Contact

Questions about this Risk Disclosure: pinex.support@c21eservices.com.