Post on 12-Mar-2018
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USER GUIDE
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Table of ConTenTs
Swissquote SQORE User Guide
I. Introduction 3
II. Technical information 4
1. Technicalrequirements 4
2. TradeModelDevelopment 4
3. PriceFeeds 4
4. LinkingAdvancedTradertoSQORE 5
III. Main Features 11
1. TradesTab 12
2. ModelsTab 24
3. DashboardTab 31
4. SentTradesTab 36
5. MenuBar 38
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I. InTroduCTIon
A groundbreaking portal offering institutional-quality trade ideas free of charge to all traders.
SwissquoteSQOREisaninnovativeanduser-friendlyplatformwheretraderscanfindtradingmodelscoveringthemost
importantassetclasses,suchasG10andEMcurrencies,commoditiesandequityindices.
Tradeideasaregeneratedusingseveraldifferentinvestmentmodelsbasedonthelatestquantitativealgorithms.These
featuresweremadepossiblebythecollaborativeworkofprofessionaltraders,quantitativeanalystsandprogrammers.
Eachmodelcombinesmathematicalandstatisticaltechniquesthatpowerthequantitativealgorithms.
Althoughitsalgorithmicmodelsarerathersophisticated,SwissquoteSQORE’ssimpleweb-basedinterfaceisaccessibleto
novices.Theinterfaceisdividedintofourmainareas:a«Models»tabofferingawealthofinformation,adescriptionofthe
methodsandkeystatistics;a«Trades»tab,whereyou’llfindallthetradeideasfromalltheavailablemodels;a«Dashboard»
tab,wherethetradeideasselectedbytheuseraretrackedandacustomisedportfolioiscreated,replicatingthetradeideas
andmodelsformonitoringpotentialreturns;aSentTradestab,listingallthetradessenttoyourexecutionvenue.
ThephilosophyofSwissquoteSQOREistoprovideonlyinstitutionalqualitytradingideas,correspondingstatisticaldataand
modeldescription.Wepurposelyleftoutotherdecisionmakingtoolssuchasnewsfeed,analysis,chartswhichuserscanfind
elsewhereontheSwissquotewebsiteandtradingplatforms.Withtheresultingclarityandtransparency,SwissquoteSQORE
isanexcellentunbiasedalternativetotheanonymoustradeideaspublishedonsocialnetworks.
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II. TeChnICal InformaTIon
1. Technical requirements
SwissquoteSQOREisaWebplatformwhichyoucaneasilyaccessfromanycomputerwithaninternetconnection.Thereis
nosoftwaretodownloadandtheplatformworksmostpopularbrowsers(Firefox,Chrome,Explorer)andoperatingsystems,
includingApple®,Windows®andGNU/Linux.SwissquoteSQOREhasalsobeenconfiguredtoworkonmobiledevices.
2. Trade Model Development
CurrentlySwissquotedevelopsallthemodelsinternallyutilizingtheexperienceoftheStrategyDeskandQuantitative
AssetManagementDepartment.Unlikemanypeertopeerorsocialtradingcommunities,usersknowexactlywhereeach
modelcomesfrom.Wecombinetradingmethodologiesfrombanks,financialfirmsandacademia,thenbringinourown
understandingofhowmarketsfunctioninordertostartthealgorithmicdevelopmentprocess.
Creating the IT infastructure and collecting data for
backtesting
Starting with a basic market theory, then
researching techniques to capture its concept
The model is built and backtested with our
proprietary framework. It is then optimized
based on the results
framework methodology analysis
Release
Weareconstantlyresearchingnewtheoriestobuildintomodels.Thenlaunchingonesthatwebelievewillbeprofitableinthe
longterm.
3. Price Feeds
SwissquoteSQOREdataispoweredbySwissquote’sproprietarypricesviaFIXAPIfromAdvancedtrader.
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LinkingallowsSQOREtradeideastobesenttoyourtradingaccountforexecution.
SQORElinkingfunctionalitywillonlybeavailableusingSwissquoteBankAdvancedTraderAccounts,andlinkscanonlybe
accessedonSQORE.com(SwissquoteBank).
LinkscannotbecreatedfromSQORE,howeverexistinglinkscanbedeletedfromSQORE.
4. Linking Advanced Trader to SQORE & Sending Trades
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Step 2: Click ‘SQORE > Create new Link’ button at top-right of Advanced Trader
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Step 3: Enter your details to create link
TocreateanewlinktoSQORE,youmustentertheirSQORELogin&password,aswellasanAlias(name),whichwillbeused
toidentifythelinkinSQORE.
Dependingonmouserollover,weshowtooltipsforeachfieldinthe‘Help’section.YouwillalsoneedtoaccepttheRisk
Disclaimerifyouhavenotdonesoalready.
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Step 4: ‘SQORE Links’ window is displayed
ThiswindowshowsallexistinglinkstothecurrentAdvancedTraderaccount.Activelinkscanbedeletedfromthiswindow,as
wellasfromtheappropriateSQOREaccount.Youcanalsocreateanewlinkbyclickingthe‘Addalink’button.
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Step 5: Click ‘Link’ to authenticate the SQORE login credentials.
IfSQORElogindetailsaresuccessfullyauthenticated,thislinkalsowillappearinSQORE>Preferences>‘Linkto
ExecutionVenue’page.
WithinSQOREthislinkcanbemadethedefaultlink,whichwillpopulatethe‘SendTrade’ticketwiththislinkbydefault.
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III. maIn feaTures
SwissquoteSQOREcomprises4mainsections,whichyoucanaccessbyclickingonthe4correspondingiconsontheleftside.
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TheTradespageistheprimarypointformostusers.Itgathersthetradeideasfromallmodelsinchronologicalorder.ItisdisplayedbydefaultwhenyoustartSwissquoteSQOREandyoucanalsoaccessitbyclickingonthecorrespondingbuttonintheQuickViewBar.
1. Trades Tab
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A. Circles
CirclesplayabigpartinthevisualisationschemeofSwissquoteSQORE.Circlesallowthetradertoquicklyandeffectivelyevaluatethecurrentstatusofatradeidea.
Blue Circlesrepresenttradesthatareactive(havenotreachedstop-lossortakeprofit).Pleasenotethatthatthebluecolordoesnotinitselfindicateprofitorlossofasignal,onlythatthetradeideaisactive.
Red Circles representtradesclosedbyreachingtheirstop-loss.TheirP&Listhereforenegative.
Green Circles representtradeideasclosedbyreachingtheirtake-profit.TheirP&Lispositive.
Gray Circles representtradeideasthathavebeeninthemarketlongerthannaturalforthatmodelandareconsidereddecayed.WewouldsuggestthatsuchtradeideasarenolongerrelevantandthereforeshouldbeclosedregardlessofP&L.
Filled Circles representtradeideasthatyouarelookingtotrack.TheywillbereplicatedinyourDashboardandwillbeusedinperformancecalculations.Justclickonanactivecircletoswitchitsstatusfromemptytofull(andviceversa).
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B. Trade Ideas Panel
TheTradeIdeaspanelshowsallthesignificantinformationforthelatesttradeideas.Eachtradeideabarcontains:
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IndicatesifthetradeideaisActive,ClosedorDecayed.Youcanactivatethetrackingfunctionbyclickingthecircle.
Avisualindicatorshowingwhichmodelgeneratedthatparticulartradeidea.
Providestheabbreviatedmodelnameandwrittenstateofthetradeidea.
Clickingthetrackfillsthecircleandactivatesthetrackingfunction.TraderscanunclicktheTrackcircle(empty)onlywhenthetradedisactive.OncethetradeideaiscloseditalwaysremainstrackedandthereforeintheTradersDashboard.
OnceyouhavelinkedyourSQOREaccounttoanexecutionvenue,theSendTradebuttonwillbehighlightednexttoactivetradeideas.ClickittoopentheSendTradeTicket.Pleasenotethattradeideasinvolvingmorethanasingletrade(suchastheonesgeneratedbytheStatArbmodel)cannotbeexecuteddirectlyfromSwissquoteSQOREatthetimebeing.Youwillhavetoexecutethemmanuallyfromyourexecutionvenue.
Thisistheaggregatesreal-timeProfit&Lossofalltheassetswithinatradeidea(representedasapercent).Atradeideacanhaveoneassetormultiple.
Thisistheentrypriceforthetradeidea.
Thedirectionofthetradeidea.Buy(long)orSell(short).
Showstheactualassetsymbolbeingtraded.
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Send Trade Idea for Execution
Tosendatradetoyourtradingaccountforexecution,withinSQOREclickthe‘Send’buttonnexttorequiredTradeIdea.
Youatthispointcanamend&confirmthetradedetailstobesenttotheirtradingaccount.
Youcan:
• Amendtradequantity/size
• Amend/deleteSLand/orTP
• ChooseanAlias(thetradingaccountthattradeideawillbesent)
Clicking‘SendTrade’willshowyouaconfirmationthattheideahasbeen
successfullysent(orappropriateerrormessage).
Thistradeidea(includingSL/TPasnecessary)willthenappearinyoulinked
AdvancedTraderaccount.PreviouslysenttradesalsoappearinSQORE>‘Sent
Trades’tab.
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Expanded Trade Idea Bar
Simplyclickonatradeideabartoexpanditandaccessadditionalinformation:
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Take-Profitshowninpipform.
Forsingle-assettradeideasthequantityisalways1.Formulti-assettradesqualitywillbeadivisionof1.1quantityshouldbeviewedasthetotalsizeofatrader’saverageposition.
Areferencenumberspecifictoeachidea.
Providestheexactdateandtimewhenthetradeideawasenteredintothemarket.
Indicateswhichmodelprovidedthetradeidea.
Givestheexactdurationatradeideahasbeenactiveinthemarket.
Stop-Lossshowninpipform.
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ClickonthefilterbuttonatthetopoftheTradeIdeasPaneltodisplaytheassetfilterpop-up.Hereyoucanfiltertradeideasbyunderlyingassettype.Selecttheassettypesyouareinterestedin,andyouwillonlyseetradeideasforthatassettype(FX,Commodities,Indices,other).
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C. Visualization Panel
Thereisvaluableinformationinhowatradeideamoves.TheVisualizationpanelprovidesyouwithaglobalviewofhowtradeideasareperformingduringtheirlifecycle.
Inordertoseeadditionalinformation
aboutaspecificidea,justhoverover
acircleandapop-upwillappearwith
allthepertinentdata.Inaddition,
therelevanttradeideabarwillbe
highlightedinblack.
TheX-axis(horizontalaxis)showsP&L
inpercentage(%)change.
TheY-axis(verticalaxis)showsTime.
Timeisbrokendowninto3sections.
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Thissectionvisualizesthebeginning
ofthecyclefortradeideas.Most
tradesenterthemarketslightlyin
thenegativeduetospreadcosts.The
markersontheY-axis(Now,-3h,-
6h,-9h,-12h)indicatethehourssince
inception.Ifatradeideahasbeenin
themarketfor3hrs,thecirclewill
beonthe-3hline.Thelongeratrade
ideaisinthemarket,thelowerthe
circledrops.Afterthefirst12hours
thetradeideamigratesintothenext
section.
a) Top secTion
C. Visualization Panel
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Thissectionvisualizesrestofthetrade
ideascycle.Thedistancefromthe
section’stoptothebottomrepresents
thetimeatradeideaisviable.As
timeprogressesthecirclemoves
downwardsrepresentingthepassage
oftime.Eachtradeideahasa
frequency(daily,weekly,monthly)were
therationalsupportingthetradeis
viable.Outsidethatperiodthetrade
isnolongeraviabletrade.Soadaily
tradeidea’smiddlesectionbottomis
located12hoursaftermigratingfrom
thetopsection,whileaweeklytrade
idea’sbottomislocated4daysand
12hrsaftermigratingfromthetop
section.
b) Middle secTion
C. Visualization Panel
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thissectionvisualisesthefinalstage
ofthetradeidea.Ifineitherofthetop
ormiddlesectionatradeideareaches
itsstoplossortakeprofitthetradeis
closedandmigratedintothebottom
section.Thismigrationishighlighted
byablinkingcirclewhichthenchanges
colour(redorgreen)inthebottom
section.Closedtradeideaswillstayin
thebottomsectionfor24hrs.
c) boTToM secTion
C. Visualization Panel
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Themodelspagecontainscriticalinformationtodecidewhichmodelsortradeideasmatchyourstyle.YoucanaccessitbyclickingonthecorrespondingbuttonintheQuickViewBar.Themodelspageisdividedintothreesections.
2. Models Tab
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A. Models Panel
AlistofalltheavailablemodelscurrentlyrunningonSwissquoteSQORE.Eachmodeltiledisplaysthemodel’sicon,name,annualizedreturnssincethestartingpointofthebacktestandgenericrisklevel.Clickonanytiletohighlightitanddisplayitsdetaileddataonthemiddleandrightpanels.
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B. Middle Panel
TheMiddlePanelprovidesallthecriticalinformationforthehighlightedmodel.
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a. ModelDescription:explainsthemethodologybehindthetradingmodel.Everystrategyhasauniqueapproach tocapturingreturns.UsetheMORElinktoexpandthedescriptionbox.
b. ModelSummary:outlineskeyinformationaboutthetradingmodel
i. Asset Class:displaysthemainassetclasstradedinthemodel.
ii. Win Ratio:indicateshowoftenamodelmakeswinningtradesversuslosingtrades.Itissimplythe
numberofwinningtradesdividedbythetotalnumberoftrades.
iii. Traded Assets:providesthespecificassetstradedinthemodel
iv. Open Positions:providesthenumberofactivetradeideasfromthemodelcurrentinthemarket
v. Trade Frequency:ageneralindicatorshowinghowoftenamodelgeneratestradeideas
vi. Risk Strategy:ageneralindicationofhowvolatileamodelis
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c. BacktestInformationTabs
i. Performancedisplaysachartshowingthemodel’sperformanceoverthepast5years
ii. Statisticsdisplaysseveralkeystatisticsfroma5-yearbacktest:
1. Totalclosedticket–totalnumberoftradeideasgeneratedsinceinception
2. Expired–numberoftradeideasthatdecayedbeforereachingalimit
3. WinRatio–indicateshowoftenamodelmakeswinningtradesversuslosingtrades.Seethe
formulaintheModelSummaryabove.
4. P&L–profitorlosssinceinception.TheP&Liscalculatedandupdatedevery5minutes.
Sincethereare288intervalsof5-minperday,P&Lisbeupdated288timesperday.TheP&L
iscalculatedbyusingDailyReturn(DR).
5. AnnualizedReturn-Foreachdaywecalculatethecumulatedreturnofallthe5minaverage
logreturnstogetthedailyreturn:
WhereNB=288,whichisthenumberof5-minintervalsduringoneday.Foreachday,itis24
hours,whichis24*60minutes.Thereare24*12=288ALRsduringoneday.Wesumthese
288ALRstogethertogettheDailyReturn(DR).
FromDRwecancalculateannualizedreturns
WhereNisthenumberofdaysforthestatscalculation
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6. AnnualizedVolatility
7. AnnualizedSharperatio
8. AnnualizedSortinoratio:NEGDRiareallthenegativedailyreturns,Nnegisthenumberof thenegativedailyreturns.
iii. Allocation isacleanvisualizationtoolthatshowswhatassetsandhowmuchofeachasset(asa
percentage)wastradedsinceinception.Hoveringoverthedifferentcolorswillchangetheassetand
percentageinthemiddle.
iv. Monthly Performanceisasimplewaytoviewhistoricalbacktestedperformanceonamonthlyand
yearlybasis.Positivemonthsareingreenandnegativemonthsaregray.Themonthlydataisupdated
onadailybasis(17:00CET).
d. Star–clickingonthestarnexttothemodelnameatthetopwilltrackallthetradeideasfromtheselected
model.Thismeansthateveryactiveandincomingtradeideawillbeautomaticallytracked(circlesfilled)and
placedintoyourDashboard.
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C. Trade Ideas side panel
Showsashortenedversionofthetradeideabarwithonlystate,type,assetid,entrypriceandP&L.Itlistsallthelatesttradeideasgeneratedbytheselectedmodel.
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TheDashboardisthewaytocustomizeyourSwissquoteSQOREbychoosingthemodelsandtradeideasthatappealtoyou.AllyourtrackedtradeideasarereplicatedintheDashboardandbecomepartofyourportfolio.YoucanaccesstheDashboardbyclickingonthecorrespondingbuttonintheQuickViewBar.TheDashboardismadeupoffourelements.
3. Dashboard Tab
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Showsalltheactivetrackedtrade
ideas.Thex-axis(horizontalaxis)
showsthedistancefromStopLoss&
TakeProfitpoints.They-axis(vertical
axis)istime.
Thecircleswillalsodecreaseinsizeas
thetimeinmarketincreases.Atrade
ideawitha2%takeprofitand1%stop
loss,andatradeideawitha0.5%take
profitand0.25%stoplosswillhavethe
samestartinglocation.
However,innormalconditionsthe
tradeideawithlargerlimitswillmove
moreslowly(unlessvolatilityinthat
assetisextremelyhigher).
A. TrAcked TrAde ideAs:
3. Dashboard Tab
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Apersonalizedportfolioaggregating
alltheunderlyingstatisticsforyour
trackedtradeideas.Thedefinitionsfor
eachstatisticsarethesameasatthe
modellevel.
b. My sTATisTics:
3. Dashboard Tab
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Achartshowingtheannualreturnsfor
yourportfolio.
c. My perforMAnce:
3. Dashboard Tab
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Avisualrepresentationofkeystatistics.
d. diAls:
3. Dashboard Tab
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4. Sent Trades Tab
TheSentTradesTablistsallthetradesthatyousentforexecutionfromSwissquoteSQORE.Beforeyoucanusethisfeature,youmustfirstlinkSwissquoteSQOREtoanexecutionvenue.
Afteryouhaveestablishedoneormorelinks,allthetradesthatyousendforexecutionfromtheTradesTabwillbelistedherealongwiththefollowinginformation:
Thenamethatyouchoseforthatspecificlinktoanexecutionvenue.
IconrepresentingtheModelwhichgeneratedthetradeidea
NameoftheModelwhichgeneratedthetradeidea
BuyorSellorder
NameoftheExecutionVenue
Nameofthetradedasset
Timeatwhichthetradeideawassentforexecution
Atthemoment,onlyManualexecutionisavailable
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4. Sent Trades Tab
AlltradessenttoyourexecutionvenuefromSQOREareshownintheSentTradespage.Informationregardingthetime&datesent,Asset,directionandexecutionvenuedetailsaredisplayed.
Additionally,theprevious5senttradesareshownintheSentTradesquickviewbar.Thisquickviewbarisdisplayedafteryousendyourfirsttradetobeexecuted,andisviewablefromallpageswithinSQORE.
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5. Menu Bar
Themenubaratthetopofthescreenremainsthesameregardlessofthetabyouareviewing.Itprovidesaccesstothefollowingoptions:
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ThePreferencesbuttonallowstheuser
tocustomiseSQOREtotheirliking.
A. preferences
4. Menu Bar
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StrategySelectionallowsyouto
customizeSwissquoteSQOREtoyour
preferredrisklevel.Youcanalsotweak
theStrategySelectiontoseehoweach
modelwouldperformunderdifferent
parameters.TheStrategySelectionis
basedonavolatilitymultipliertoadjust
tochangingmarketdynamics.
Pleasenotethattheinformation
provideontheModelspageisforthe
defaultsettinganddoesnotchange
withthestrategyselection.Swissquote
SQOREwillalwayscalculatethe
modelsbasedonthedefault
preferences.
A. preferences - sTrATegy selecTion
4. Menu Bar
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EachofthefiveoptionsadjuststheTakeprofitandStoplossstrategy.
a)Default:thebasicTP/SLlevels
generatedbythealgorithms.
b)Aggressive:fortradersthat
arewillingtotakemoreriskby
enlargingthedownside(SL)and
tighteningtheupside(TP).In
theorythiswouldincreasethe
probabilityofhigherwinning
tradesandalsoincreasethesize
ofthedownsidedrawdown.
c)Balanced:inthisstrategythe
TP/SLpointsareequidistantly
spacedapart.
4. Menu Bar
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d)Conservative:fortradersthat
aremoreriskaverse.Thisstrategy
setsatightdownside(SL)and
expandstheupsidepotential(TP).
Intheorythisstrategywillhavea
highamountofsmalllosingtrades
(lowwinratio)andbigwinning
trades.
EachofthefiveoptionsadjuststheTakeprofitandStoplossstrategy.
4. Menu Bar
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e)None:fortradersthatwould
liketomanagetradeideaswithout
anyguidancefromSwissquote
SQORE.TherewillbenoSLorTP
attachedtoatradeidea.Please
notethattradeideaswillexiston
thevisualpaneluntiltheyexpire
(whichmaytakeupto1month).In
addition,therewillbenoTracked
tradeideasintheDashboard’s
TrackedTradeIdeassection.
EachofthefiveoptionsadjuststheTakeprofitandStoplossstrategy.
4. Menu Bar
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AllActivelinkstoyourchosen
executionvenuearedisplayedhere.
TolinkSQOREtoyourSwissquote
AdvancedTraderaccount,please
initiatethelinkingprocesswithin
AdvancedTrader.
PleaseselectyourDefaultLinkto
prepopulatetheSendTradeticket
accordingly.
A. preferences - link To execuTion venue
4. Menu Bar
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Youcanchoosetheamounttosend
bydefaultperassettype,whichwill
prepropulatetheSendTradeticket
accordingly.
Thiscanalwaysbechangedon
SendTradeticketatanytimebefore
confirmingyourtrade.
A. preferences - defAulT send TrAde AMounTs
4. Menu Bar
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TheContactNowbuttonprovidesdirect
accesstoourCustomerSupportand
theStrategyDesk.Technicalquestions
shouldbesenttoCustomerSupport
whileinquiriesaroundmodelsand
tradeideasshouldbedirectedtothe
StrategyDesk.
Feelfreetodropusalinewith
anyquestions,commentsand/
orsuggestions.Weareconstantly
workingonimprovingSwissquote
SQOREandyourfeedbackismorethan
welcome!
c. conTAcT now
4. Menu Bar
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Disclaimer
SQOREisatradeideasgenerationservice(hereinafter,the“SQORETradeIdeas”)providedbySwissquoteBankSA(“Swissquote”)topersonswhoregisterfortheSQORETradeIdeasattheirowninitiative(eachpersonhereinafterthe“Subscriber”)andisnotintendedforpersonswho,duetotheirnationalityorplaceofresidence,placeofbusiness,orforanyotherreasonsarenotpermittedtoreceivesuchinformationunderlocallaw.NeithertheSQORETradeIdeasnoranycopythereofmaybesentortakenintotheUnitedStatesorCanadaordistributedintheUnitedStatesorCanada,ortoanyUSpersons.Thesameappliesinanyotherjurisdictionexceptwherecompliantwiththeapplicablelaw.TheSQORETradeIdeasarenotpreparedbyanindependentresearchunit.Thus,theinformationcontainedhereinisnotpreparedinaccordancewithlegalrequirementsdesignedtopromotetheindependenceofinvestmentresearch,andisnotsubjecttoanyprohibitionondealingaheadofthedisseminationofinvestmentresearch.TheSwissBankersAssociationDirectivesontheIndependenceofFinancialResearchdonotapply.SwissquoteusesquantitativeevaluationmethodstoprovidetheSQORETradeIdeas.Accordingly,itcarriesoutnoqualitativeanalysisoffinancialinstruments,anddoesnotreviewthird-partyanalysesofthefinancialmarkets(butreservestherighttousetheresultsofthird-partyanalysesofthefinancialmarketsinaquantitativemanner),nordoesitmonitorthelatestinformationonthesefinancialinstruments.AlthoughtheinformationhasbeenobtainedfromandisbaseduponsourcesthatSwissquotebelievestobereliable,norepresentationismadeastotheaccuracy,completenessortimelinessoftheinformationgenerated.TheSQORETradeIdeasconstituteneitheranoffernoratradingadviceorstrategy.Itispublishedsolelyforinformationpurposesanddoesnotconstituteanadvertisement,andisnottobeconstruedasasolicitationoranoffertobuyorsellcurrencyorrelatedfinancialinstrumentsinanyjurisdiction.Furthermore,nothingintheSQORETradeIdeasconstitutesarepresentationthatanyinvestmentstrategyorinformationcontainedhereinissuitableorappropriateforaSubscriber’sindividualcircumstancesorotherwiseconstitutesapersonalrecommendation.BeforeconcludingafinancialtransactionbasedontheSQORETradeIdeas,theSubscriberisadvisedtocheckthattheinformationprovidedisinlinewithhis/herowncircumstanceswithregardtoanylegal,regulatory,taxorotherconsequences,ifnecessarywiththehelpofaprofessionaladvisor.TheSubscriberisawareoftherisksinherentintradingactivity,suchasbutnotlimitedtocurrencyrisk,interest-rateriskandmarketrisk,andisawarethattradingcanbeveryspeculativeandmayresultinsignificantlossesaswellasprofits.TheSubscribercandecidethattheSQORETradeIdeasbesentmanuallytohis/herSwissquoteAdvancedTraderaccountforexecution.TheSubscriberneedstolinkhis/herSwissquoteAdvancedTraderaccounttoSQORETradeIdeastobegrantedthisfunctionality.SwissquoteprovidesnoguaranteeregardingthisfunctionalityandtheSubscriberherebyabsolvesSwissquoteofanyliabilitythatmayarisefromusingornotbeingabletousethisfunctionality.TheSubscriberinparticularundertakestocontrolthathis/herorderhasindeedbeentransmittedandfilledbycheckinghis/herSwissquoteAdvancedTraderaccount.SwissquoteassumesnoresponsibilityfortransactionsmadeonthebasisoftheSQORETradeIdeasanddoesnotguaranteethatanyforecastsoftheSQORETradeIdeaswillmaterialize.Furthermore,neitherSwissquote,itsdirectors,officers,employees,agents,shareholders,northirdpartyinformationproviders,theirdirectors,officers,employees,agentsorshareholdersacceptliabilityforanyexecutedornon-executedtransaction,result,gain,lossordamage,betheydirectorindirect,arisingfromtheuseoftheSQORETradeIdeasorfromtheriskinherentinfinancialmarkets.Thedecisiontobuy,sellorreplaceafinancialinstrumentistheSubscriber’sdecisionaloneandSwissquotewillnotbeinanywayliableinthisregard.TheSubscriberhasfullandsoleliabilityfortheoutcomeofthetransactionsconcerned,forthestructureofhis/herportfolio,fortheriskstaken,fortheperformanceofhis/herportfolioandforthedevelopmentofhis/herassets.TheSQORETradeIdeasarelimitedtoaspecificinvestmentuniversedeterminedbySwissquote,whichdoesnotincludeallfinancialinstrumentsavailableonthemarket.Swissquotereservestherighttochangethisinvestmentuniverseatanytimeandwithoutpriornotice.ActivatingcertainlinksontheSQORETradeIdeaspagesmaycausetheSubscribertoleaveSwissquote’swebsite.Suchlinks,addressesorhyperlinksareprovidedsolelyfortheSubscriber’sconvenienceandinformation;theydonotconstituteanyrecommendationonthepartofSwissquote.SwissquotehasnotreviewedanyofthewebsiteslinkedwithorconnectedtotheSQORETradeIdeasanddoesnotacceptanyliabilityfortheircontents,theofferedproductsorservicesoranyotheroffers.UsinglinksfromtheSQORETradeIdeastoanywebsitenotownedbySwissquoteisattheSubscriber’sownrisk.TheSQORETradeIdeasmaynotbereproducedinpartorinfullwithoutthewrittenconsentofSwissquote.ThesoleplaceofjurisdictionforalldisputesarisingoutoforinconnectionwiththisDisclaimerand/ortotheuseoftheSQORETradeIdeasisGland,SwitzerlandanditshallbeexclusivelygovernedbyandconstruedinaccordancewithSwissLaw.
Youherebyconfirmthatyouhavereadandunderstood,andacceptthisDisclaimerfortheSQORETradeIdeasportal,whichyouaccessedonyourowninitiativeandwithoutanysolicitationfromSwissquote.