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, and futures or crypto perpetual futures where they are offered) 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 delays 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:

• Checking your strategy doesn't repaint - 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 alerts can arrive late, sometimes by a minute
• Monitoring alert consistency - Alert format changes can break parsing
• Understanding source limitations - Each platform has unique constraints

Alert sources referenced in documentation are independent third parties. Nyria is not affiliated with or endorsed by them, and does not 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 format, 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 a disconnected broker
• 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
• Missed exit alerts

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

Crypto perpetual futures currently trade on Nyria Paper only. No broker you can connect to Nyria is used to trade them.

Futures

Nyria does not support futures today, and no account you can connect is used to trade them. The risks below apply if and when that support is offered. Before it is, Nyria will update this page and the Terms of Service and ask you to accept the updated disclosure.

• 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:

• Holding enough capital for every trade
• 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 broker disconnected 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

Strategies are created by their creators, not by Nyria. Nyria provides the software and, for strategies sold through Nyria, the checkout.

Creators are independent

A creator 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. A creator who sells through Nyria has their identity checked by Stripe so they can be paid. That check is not a review of the creator or the strategy.
• Who you pay depends on how the strategy is sold. If you buy through Nyria, you pay Nyria, which sells the subscription, keeps its fee and pays the creator the rest. If you buy on the creator's own Stripe or Whop checkout, you pay the creator, and Nyria never holds that money. Either way, Nyria never holds or moves the money in your brokerage account.
• A creator can change or stop a strategy at any time. If their plan lapses, bots copying it stop opening new positions. If a strategy you bought through Nyria is withdrawn, deleted or removed, it stops renewing, and you keep access until the end of the period you paid for.
• 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.

Sections 13D to 13F of the Terms of Service cover buying and selling strategies, and the Creator Policy sets what creators may claim and how they treat members.

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 running and when it was set up, whether it is erroring, and its most recent log line. A log line can include order details and, when an order is refused for lack of funds, the balance your broker reported. Otherwise they cannot see your balance, and they cannot see your account number, your broker credentials, or any strategy you run that is not theirs.

If you bought the strategy through Nyria, the creator also sees your Nyria account name, that you bought through Nyria, and when your access began. Their record of each payment shows the amount and their share of it, and does not name you. They never see your card details.

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 alerts, not from anyone's brokerage account. Read them with these assumptions in mind:

• One unit per entry. Each entry counts one contract for options, or one share for stocks, so a trade with three entries counts three. A strategy cannot know what size anyone trades.
• Crypto per entry. A crypto strategy's figures are each trade's return applied to the creator's recommended amount per entry and added up, or the returns in percent when no amount is set. One coin's price is not a stake anyone places.
• Closed trades only. A trade counts once it has an exit. Open positions are not included.
• Alert prices, not fills. The price is the one Nyria saw when the alert was processed, not the price any account was filled at.
• Held to expiry. An option still open when it expires is settled at its intrinsic value from the underlying's official close on the expiration date, which is $0 if it finished out of the money. The settlement is labelled as one and is not a fill. Until two market-data sources agree on that close, the option counts at $0. Cash-settled index options other than SPX (NDX, RUT, XSP, VIX and similar) and third-Friday SPX options aren't settled this way, and count at $0.
• Ordered, not filled. The quantity is what the alert asked for. Partial fills and rejected orders are not deducted.
• No costs deducted. Commissions, fees, borrowing costs, taxes and slippage are not subtracted.

Results computed this way have inherent limits: they involve no financial risk, and they cannot account for the effect financial risk has on real trading, such as the ability to withstand losses or to keep following a strategy through them. There are often sharp differences between results computed this way and the results an account achieves.

Your fills and results may differ from a strategy's results because of your position size, your broker, timing, liquidity, fees and slippage. Past results don't guarantee future results. A strategy's results are not a guarantee of any outcome, and they are not investment advice or a recommendation.

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

Except to the extent caused by Nyria's gross negligence, fraud, or willful misconduct, or where applicable law does not allow the limitation, Nyria and its operators are not liable for:

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

Section 8 of the Terms of Service sets out the full limitation, including the cap on Nyria's total liability.

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.