Please read this before you connect a live account. Automated trading can lose money quickly, including when everything works as designed.
1. Trading risk
Foreign exchange, CFDs, futures, crypto assets and other leveraged products are high-risk. A small price move can cause a large loss, and you can lose more than you deposited. Past results of any strategy, indicator or signal do not guarantee future results. Only trade with money you can afford to lose. If you are unsure, get independent advice from a licensed professional.
2. Pinelix gives no advice
Pinelix carries out instructions that you, or a signal source you chose, send. It does not judge whether a trade is a good idea, and it is not registered with SEBI or any other regulator as an adviser, analyst or portfolio manager. Strategies, templates or examples shown in the portal or documentation are only there to explain how the software works.
3. Technology risk
A trade passes through several systems, and any of them can fail or slow down:
- TradingView must fire the alert and deliver the webhook;
- Pinelix must receive and process it;
- your internet connection, computer or VPS, and MetaTrader 5 must be running, with AutoTrading switched on;
- your broker must accept and fill the order.
As a result, orders can be late, missed, sent twice, rejected, or filled at a worse price (slippage), especially in fast markets, around news, or at market open and close. Stop losses can be filled beyond their price when the market gaps.
4. Settings risk
Lot size modes, symbol mapping, multipliers and limits do exactly what they are set to do. A wrong setting, for example a multiplier of 10 instead of 1, or a symbol mapped to the wrong instrument, can open far larger or different positions than you intended. Test every change on a demo account and check the summary the portal shows before saving.
5. Limits are not guarantees
Daily and total loss limits, profit targets and "halt" features act on the equity that the EA sees, and only while MetaTrader 5 is running and connected. They close positions at market and may act after the limit has already been passed. They do not replace your broker's own risk controls or your own monitoring.
6. Legal and regulatory risk
Rules on who may trade which products, and through which brokers, differ by country. In India, residents may not trade foreign exchange except in permitted currency pairs through authorised Indian exchanges and brokers. The Reserve Bank of India has warned against unauthorised forex trading platforms. Prop firms and brokers may also forbid automated or copied trading. It is your responsibility to follow the rules that apply to you and to each account you connect.
7. Your acknowledgement
By using Pinelix you confirm that you understand these risks, that you alone are responsible for the trades placed on your accounts, and that Pinelix is not liable for trading losses, as set out in the Terms of Service.