Disclaimer

Read this before you let MrStockTrader trade for you.

We are not your adviser

apps4myself.com is not a registered investment adviser, not a broker-dealer, not a financial planner and not a tax adviser. Nothing on this site is investment advice or a recommendation to buy or sell anything.

If you want advice about your money, get it from a licensed professional who does that for a living and who knows your situation. We do not know your situation, and this program does not know it either.

What this is

MrStockTrader is a tool. It watches the market, notices when a stock’s price, volume or ranking moves, finds stocks that fit the rules you set, and — if you switch it on — places the buy and sell orders for you.

It follows your instructions. It does not form opinions about your finances.

• You set the rules. The price range, the spending cap, the loss limit, the trading hours, the stop-loss, the take-profit. All yours.
• The rules are the same for everyone. The program applies them mechanically. Nothing is tailored to you, your age, your income or your goals.
• It is your account. Your money sits with your own broker, in your own name. We never hold it and never touch it.
• You hold the keys. You give the program access to your brokerage. It is encrypted and stored only under your membership account. And you can delete it at any time, with one click.
• Nobody pays us to point you at a stock. The stocks displayed are found mathematically, by criteria such as the price of stock you want to invest in, or the other indicators used in the program. We have no interest in, and no relationship with, the stocks that are displayed.

We send instructions to your broker on your behalf, using keys you gave us and that you can revoke at any time.

You must open an account with Alpaca

This program works with one broker: Alpaca. To use it at all you must open your own Alpaca account. It does not work with Interactive Brokers, Schwab, Robinhood or anyone else at this time.

We have no affiliation, relationship, arrangement or monetary gain of any kind with Alpaca. The reason we use them is their API — the connection the program needs in order to talk to a broker and place the buy and sell orders. That is the whole reason, and the only one.

The price you see is not always the price you get

There is always a delay between the moment a price appears and the moment the order actually reaches the market. The scanner reads a price, the engine decides, the order travels to the broker, and the broker fills it. In a fast-moving stock the price can move inside that gap.

So the price you were shown and the price you actually pay will sometimes differ. How much depends on how fast the stock is moving, how thinly it trades, and how quick your own internet connection is. This is normal for every automated system and it is not a fault.

This is not a game

Some trading apps are built to feel like a game. This one is not, and paper mode is a training ground — a place to practise and learn what you are doing before you ever try it with real money. It is a rehearsal for something that will later use real money. We strongly encourage you to practise and learn before you attempt to use real money.

When you switch to live trading, the money is real, the losses are real, and they are permanent.

About paper-trading results

Results from paper trading are hypothetical and have real limitations. Because no order was actually sent to the market, they cannot account for slippage, for thin liquidity, or for an order that you place that would not get filled.

No promise is made that a real account will perform anything like a paper one. Treat paper results as a check that the machinery works — never as evidence of what you will earn.

Automated systems fail

They fail in ordinary, boring ways, and you should expect it:

• All software has bugs.
• Servers go down. Networks drop.
• Your broker rejects orders, or fills them at a worse price than you saw.
• Market data arrives late, or wrong.
• A fault at the wrong moment can leave a position open that should have closed.

There are many other things that can go wrong, and you should be aware of that. Things happen even to the biggest and best stock brokers, and there are other things nobody can foresee — our servers, your own connection, your own computer. There are many ways for something to go wrong.

So watch it. Do not assume it is working because it worked yesterday. Check your positions. Check your account with your broker, which is the only record that actually counts.

The way to think about all this

Someone can hand you a hammer, a saw and a box of nails. With those you can build a chair, a table, a whole house. The tools are good; they help you.

But the tools do not make the house safe. The carpenter does. And if the house falls down, it is not the tool’s fault — it is the carpenter’s.

Here, you are the carpenter. The licensed professionals you can consult are the architects and master carpenters worth asking. And when the house is finished, you are also the one who lives in it. If it holds up, that is yours. If it does not, that is yours too.

Who is responsible

You are. Completely.

Every gain is yours. Every loss is yours. The rules you set, the price range you pick, the amount you let it spend, whether you run on paper or with real money, and whether you leave it running unattended — all of it is your decision, and the outcome belongs to you alone. Not to this program, not to apps4myself.com, not to anyone else.

Trading carries a real risk of loss, and low-priced stocks carry more of it than most. You can lose some of your money. You can lose all of it. Never trade money you need. An automated system trades faster than you can watch, which makes good days better and bad days worse.

If any part of this is not acceptable to you, do not use the automated trading features.

This disclaimer is repeated inside the Terms of Service on purpose, so that nobody can say they were only told once. See also the Privacy Policy.