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Compliance Statement & Disclaimer.

DevStops

      Many traders become so focused on learning how to enter trades, they fail to take profit or cut losses  properly. The DevStop is the closest we can come to an ideal stop level in the real world. This stop accounts  for volatility (which is directly proportional to risk), and also accounts for the variance of volatility (how much  risk changes from bar to bar) and volatility skew (the propensity for volatility to spike higher from time to  time). So we can take profit or cut losses at levels at which the probability of a trade remaining profitable is  low, without taking more of a loss or cutting profits any sooner than necessary.