Risk Disclosure

General Trading Risks

Market Risk

• Prices can move against your positions rapidly
• Past performance does not guarantee future results
• Markets can gap overnight or over weekends
• Black swan events can cause extreme losses

Leverage Risk

Leveraged products (options, futures, crypto futures) can result in:

• Losses exceeding your initial investment
• Rapid liquidation in volatile markets
• Margin calls requiring additional capital
• Forced position closures at unfavorable prices

Liquidity Risk

• Low liquidity can prevent order execution
• Wide bid-ask spreads increase costs
• May be unable to exit positions quickly
• Slippage can be significant

Automated Trading Risks

System Risk

Automated trading introduces additional risks:

• Technical Failures - Internet, broker API, or Nyria outages
• Execution Delays - Network latency affecting fills
• Order Errors - Incorrect orders due to misconfiguration
• Missed Exits - System failures preventing position closures
• No Order Retry - Failed orders are NOT automatically retried, apart from one cash-account close

Alert Source Risks

You are solely responsible for:

• Ensuring non-repainting signals - TradingView strategies that "repaint" show different historical signals than they fire in real-time. A 90% backtest win rate may produce losses live.
• Testing alert delivery - TradingView considers 25-45 second webhook delays "normal"
• Monitoring alert consistency - Alert format changes can break parsing
• Understanding source limitations - Each platform has unique constraints

Signal sources referenced in documentation are independent third parties. We are not affiliated with or endorsed by them, nor do we endorse them.

How Your Alert Text Is Read

An alert written in one of Nyria's own formats is converted without any model involved. Anything else is sent to a hosted language model, which turns the text into a structured order.

• The request goes to OpenRouter, which routes it to a model provider. Today that is Google (Gemini 2.5 Flash), with Anthropic (Claude Haiku) as the retry when the first read fails validation.
• What is sent is the alert text itself, plus your strategy's configured directions and its currently open positions. No account number, no broker credential, and no personal detail is sent.
• A model can misread an alert. Nyria validates the result and rejects a parse it cannot price or match to your configuration, but validation is not the same as understanding what you meant.
• Test every alert format before you trade it live. Validate Alert Formats, on the strategy's Integration tab, runs the full parse without placing an order.

This list is kept current. If the provider changes, this page changes with it.

Not "Set and Forget"

Automated trading requires active monitoring:

• Check positions daily (minimum)
• Review logs for errors and warnings
• Watch for broker reauthorization needs
• Be prepared to intervene manually
• Verify trades execute as expected

Things can and will go wrong. You are responsible for monitoring.

Configuration Risk

Incorrect strategy or bot configuration can result in:

• Unintended positions
• Excessive position sizes
• Wrong instruments traded
• Missing exit signals

Capital Risk

Automated systems can:

• Execute multiple trades rapidly
• Deplete buying power quickly
• Leave insufficient capital for exits
• Result in margin calls

Specific Risks by Equity Type

Options

• Time Decay - Options lose value as expiration approaches
• Volatility Risk - IV changes affect option prices
• Assignment Risk - Short options can be assigned early
• Expiration Risk - Options expire worthless if OTM
• Spread Risk - Legs may execute at different times

Cryptocurrency

• Extreme Volatility - 20%+ moves in hours
• 24/7 Markets - No market close to limit losses
• Liquidation Risk - Leveraged positions can be liquidated instantly
• Funding Rates - Perpetual futures have funding costs
• Regulatory Risk - Changing regulations affect markets

Futures

• High Leverage - Small moves = large gains or losses
• Margin Calls - Losses can exceed account balance
• Delivery Risk - Physical delivery possible if not closed
• Gap Risk - Markets can gap significantly
• Rollover Risk - Contract expiration requires rolling

Short Selling

• Unlimited Loss Potential - Prices can rise indefinitely
• Margin Requirements - Requires margin account
• Forced Buy-Ins - Broker can close position
• Dividend Risk - Responsible for dividends on shorts

Nyria-Specific Considerations

No Guarantees

Nyria provides automation tools but:

• Does not guarantee order execution
• Cannot prevent broker failures
• Does not control market conditions
• Cannot guarantee strategy performance

User Responsibility

You are responsible for:

• Ensuring adequate capital for all trades
• Understanding strategy mechanics
• Monitoring positions and account status
• Maintaining broker account eligibility
• Complying with all regulations
• Managing risk appropriately

System Limitations

Be aware that:

• Alerts may be delayed or missed
• Orders may fail to execute
• Positions may not close as expected
• Broker API issues can prevent trading
• Internet outages affect execution

Risk Management Best Practices

Position Sizing

• Never risk more than 1-2% per trade
• Keep position sizes small relative to account
• Maintain adequate capital for exits
• Account for maximum loss scenarios

Diversification

• Don't concentrate in single instrument
• Use multiple strategies
• Spread across different equity types
• Consider multiple brokers for redundancy

Monitoring

• Check positions daily (minimum)
• Review logs regularly
• Monitor broker account status
• Watch for reauth notifications
• Track performance metrics

Testing

• Always test with paper trading first
• Validate all alert types thoroughly
• Start with small position sizes
• Gradually increase as confidence builds

Capital Management

• Maintain 2x required capital minimum
• Keep cash for credit spread exits
• Account for margin requirements
• Plan for worst-case scenarios

Regulatory Compliance

Your Obligations

You are responsible for:

• Complying with securities regulations in your jurisdiction
• Understanding tax implications of trading
• Maintaining required broker account approvals
• Following pattern day trader rules (if applicable)
• Reporting income and capital gains

Pattern Day Trader Rule

If you have less than $25,000 in your account:

• Limited to 3 day trades per 5 trading days
• Nyria does not track or enforce these limits. Your broker does
• Violations result in broker restrictions
• Plan your trades accordingly

International Users

• Regulations vary by country
• Some brokers unavailable in certain jurisdictions
• Consult local financial regulations
• Understand tax obligations in your country

Disclaimer

No Financial Advice

Nyria does not provide:

• Investment advice
• Trading recommendations
• Strategy endorsements
• Performance guarantees

All strategies are created by users. Nyria is a technology platform only.

Creators Are Independent

Anyone holding a creator subscription can publish a strategy and sell access to it. There is no review, no approval step, and no check on a creator's claims.

• Nyria does not vet creators, review their strategies, or verify their results.
• You pay the creator, not Nyria. Checkout happens on the creator's own Stripe or Whop account, and Nyria never holds that money.
• A creator can change or stop a strategy at any time. If their subscription lapses, bots copying it stop opening new positions.
• Losses from a creator's strategy are real losses in your own account. You choose the size, and you can stop the bot at any time.

What a Creator Can See About You

Copying a strategy shares some of your bot with its creator. They can see, for each bot copying their strategy: your name and email, which broker it runs on, whether the account is live or paper, the position size you set, whether the bot is erroring, and its most recent log line. They cannot see your balance, your account number, your broker credentials, or any strategy you run that is not theirs.

How Published Performance Figures Are Calculated

The P&L, win rate and equity curves on a public strategy page are built from the strategy's signal stream, not from anyone's brokerage account. Read them with these assumptions in mind:

• One unit per trade. Each trade counts one contract for options, or one share or coin otherwise. A strategy cannot know what size anyone trades.
• Closed trades only. A trade counts once it has an exit. Open positions are not included.
• Signal prices, not fills. The price is the one Nyria saw when the signal was processed, not the price any account was filled at.
• Ordered, not filled. The quantity is what the signal asked for. Partial fills and rejected orders are not deducted.
• No costs deducted. Commissions, fees, borrowing costs, taxes and slippage are not subtracted.
• Not an account record. Nobody traded that exact record.

These are hypothetical results. They do not represent actual trading, and the gap between a hypothetical record and what a real account achieves is often wide and almost always in the worse direction. Hypothetical results carry no financial risk, so they cannot show whether anyone would have held on through the losing stretches. Past results do not predict future results.

No Warranties

Nyria is provided "as is" without warranties of any kind:

• No guarantee of uptime
• No guarantee of execution
• No guarantee of profitability
• No guarantee of accuracy

Limitation of Liability

Nyria and its operators are not liable for:

• Trading losses
• Missed opportunities
• System failures
• Broker issues
• Market events
• User errors

Before You Start

Ask yourself:

1. ✅ Do I understand the risks of trading this equity type?
2. ✅ Can I afford to lose my entire position size?
3. ✅ Have I tested thoroughly with paper trading (at least 1-2 weeks)?
4. ✅ Do I have adequate capital for entries AND exits?
5. ✅ Do I understand how my strategy works?
6. ✅ Am I prepared to monitor positions daily?
7. ✅ If using TradingView, have I verified my strategy doesn't repaint?
8. ✅ Do I understand that alert delays of 30-60 seconds are possible?
9. ✅ Have I read and understood the Known Limitations?

If you answered "No" to any question, take time to learn more before trading with real money.

Resources

• Quick Start Guide
• Troubleshooting
• FAQ

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By using Nyria, you acknowledge that you have read, understood, and accepted these risks. You agree that you are solely responsible for your trading decisions and outcomes.