Risk Disclosure | TapeCrest

Version: 1.0 · Effective from: 5 November 2026

Please read this before you use TapeCrest tools with a live account. It explains, in plain English, the main risks of trading and of using trading software. TapeCrest is operated by DC Finanzinvest SRL, Romania (Legal Notice).

1. Trading carries a real risk of loss

Futures, options on futures and forex can move quickly. Because of leverage, a small price move can create a large loss.
With futures, you can lose more than the money in your account, and your broker can ask you to pay the difference.
Fast markets, news, price gaps, thin liquidity and trading halts can cause slippage: an order can fill at a much worse price than expected, or not fill at all. A stop order does not guarantee a price.
Only trade with money you can afford to lose. If you are not sure trading suits you, ask an independent, qualified adviser.

2. Our tools are not advice

TapeCrest makes analysis and account tools for NinjaTrader 8. They show market information, help you organise your process and apply limits you choose.
They do not give signals, recommendations or personal advice. When a tool highlights something, for example absorption, an imbalance, a change in liquidity or a price level, it describes data. What it means for your trading, and whether to act, is your decision.
Neither TapeCrest nor DC Finanzinvest SRL provides investment advice, portfolio management or brokerage services through these tools. Our support answers questions about the software, not about what to trade.
No tool can predict the market. We do not promise profits, a win rate or any other result.

3. Examples, simulations and past results

Images, videos and examples on our website and in our guides may use simulated, replayed or historical data to show how a tool works. They illustrate features. They are not records of real trading and do not show what you will earn.
Results from simulated or hypothetical trading have built-in limits. They are produced with hindsight, involve no real money, and may leave out slippage, commissions, fees, liquidity limits and the pressure of real decisions. Simulated fills are often better than live fills.
Past results, real or simulated, do not predict future results.
Setting templates are starting points for you to adapt. They are not settings proven to be profitable.

4. Prop firms set their own rules

Proprietary trading firms ("prop firms") set their own rules for evaluation and funded accounts: daily loss limits, trailing drawdown, consistency rules, news-trading rules, position limits, and restrictions on automation, copy trading, multiple accounts or VPS use. Rules differ between firms and can change at any time.
The firm decides, with its own data and calculations, whether you have passed, failed or broken a rule. A TapeCrest tool's figures can differ from the firm's, for example because of commissions, fees, timing or data differences. The firm's figures prevail.
Some firms' evaluation and funded accounts are simulated accounts. Any payout depends on the firm's own terms.
Before you use TapeCrest Copier or TapeCrest Risk Manager with prop-firm accounts, check that the firm allows it, and set your limits with a margin of safety. No TapeCrest tool can guarantee that you stay within a firm's rules.

5. Market data has limits

TapeCrest tools work with the data that reaches NinjaTrader 8 from your data provider. That data can be delayed, incomplete or corrected later, and it can differ between providers: two providers can show different volume or depth for the same market.
Market depth is not the full order book. Level II depth shows the total size resting at each price, for a limited number of price levels, as your provider sends it. It is not market-by-order data: it does not show individual orders, their place in the queue or who placed them. Orders can be added, changed or cancelled at any moment, so liquidity you see may be gone when price arrives. Hidden and iceberg orders are not shown as such. Features that point to possible iceberg orders or pulled liquidity are estimates.
Order flow values are classifications. Volume at the bid and ask, delta and similar values depend on how the data feed and the platform classify each trade. They are useful approximations, not exact records of what buyers and sellers intended.
History needs the right data. Some tools need Tick Replay, volumetric data or recorded market depth to rebuild past bars. Without them, historical values may be missing or may differ from what was shown live.

6. Software and connections can fail

Our software, NinjaTrader 8, Windows, your computer, your internet connection, your broker, your data provider and our licensing service can all have errors, updates, slowdowns or outages.
Orders can be rejected, delayed, partially filled or filled at different prices. Positions shown in the platform can briefly differ from your broker's records.
Keep a way to manage your positions that does not depend on our tools, for example your broker's platform, mobile app or trade desk, and know how to use it.
Test every new tool, update and setting in simulation before using it with real money, and watch it closely when you start live.

7. Add-ons that act on your accounts

TapeCrest Copier (sold on its own and as part of TapeCrest Complete)

The Copier copies the orders you place in one account (the leader) to other accounts you choose (the followers). Fills, prices and timing can differ between accounts, and an order can fail in one account while it succeeds in another.
Check every follower's settings before you start, including instrument mapping (for example a mini contract instead of a micro), size and account selection. One wrong setting can multiply your exposure.
Copying depends on NinjaTrader 8 running and staying connected to every account. If a connection drops, accounts can get out of step, and you need to check and correct positions yourself.
Rithmic connections and copying from one prop-firm account to another have not been qualified: we have not tested and validated them. The product page lists the supported setups.

TapeCrest Risk Manager

The Risk Manager supports Tradovate accounts in US dollars only.
It watches the limits and blocked hours that you set. When a limit is reached, during a blocked period, or when you use Lock account, it asks your broker to lock the account. It does not place, change or cancel orders itself, but depending on your broker, a lock can also close positions or cancel orders.
It monitors only while NinjaTrader 8 is running and connected. Locks depend on your broker and can be delayed or fail, for example in a fast market or during a disconnection.
Its calculations use the information available in NinjaTrader 8 and may not include every fee or commission. Your broker's and your prop firm's figures prevail.
Use it as an extra layer of discipline, not as your only protection.

When access ends

Access ends at the end of a trial, after a refund or revocation (a refund of TapeCrest Complete ends all six licences, the Copier's included), or when the licence cannot be confirmed before the current access period (at most 15 minutes) runs out, for example because our service cannot be reached.
The tools are designed so that nothing cancels your orders, closes your positions or unlocks your accounts because access ended. Indicators stop displaying their output, and add-ons stop starting new activity.
A running Copier keeps running but stops copying new exposure for the rest of that run, even if access returns. It still mirrors the leader's cancellations, full exits, and stops and targets moved closer, and Flat followers and Panic keep working. It does not copy new positions, additions, partial exits, stops or targets moved further away, or new standalone stop or limit orders. A follower can therefore stay larger than the leader until the leader account is flat or you flatten the followers yourself. Entry orders still working in follower accounts stay in place: a cancellation by the leader is mirrored, a price change is not.
The Risk Manager keeps enforcing protection that is already running until its planned end. Starting new protection needs active access.
Watch your accounts closely whenever access is not active, and be ready to manage open positions and orders in NinjaTrader 8 or with your broker.

8. Your responsibilities

Your trading decisions, orders, accounts and settings are your responsibility, including the actions an add-on takes under the settings you chose.
You are responsible for complying with the laws that apply to you, your broker's terms and your prop firm's rules. Trading for other people, managing their money, or selling signals or copy-trading services may require a licence or registration.
You are responsible for any taxes on your trading.

9. Trademarks and independence

NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

10. Notices required by NinjaTrader

These three notices are quoted word for word from NinjaTrader's vendor guide. They are not reworded.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones' financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Questions

If something here is unclear, write to support@tapecrest.com or use the chat in your Workspace at https://portal.tapecrest.com. The full terms are in our Terms of Sale, End User Licence Agreement and Refund Policy.

TapeCrest Risk Disclosure