Read this before you act on anything published here. It is written plainly on purpose, and it is longer than a disclaimer usually is, because there is more worth saying than nothing here is advice.
Last updated 19 August 2026
Tried & Traded publishes research. We do not know you, your finances, your tax position, your time horizon, or your tolerance for loss, and nothing on this site is tailored to any of them. Nothing published here is a recommendation to buy, sell, or hold any security, and nothing here should be read as a suggestion that a particular strategy is suitable for you.
We are not licensed financial advisers. If you want advice about your own situation, get it from someone licensed to give it in your country.
Tried & Traded is a research publication, operated from Australia. We are not a broker, a fund, a financial adviser, or a licensed provider of financial services in any country. We hold no Australian Financial Services Licence and no equivalent authorisation anywhere else.
We do not manage money. We do not hold anyone's funds. We do not place trades for anyone. What we do stops at publishing what a test produced.
This site can be opened from anywhere. Financial regulation cannot. What counts as advice, as marketing, or as a financial product differs between Australia, the United States, the United Kingdom, Canada, New Zealand and everywhere else, and some of the strategies we write about are restricted, taxed differently, or simply unavailable depending on where you live and who you trade through.
Nothing here is an offer or a solicitation in any country where making one would need a licence we do not hold. Working out what applies to you is your job, not ours.
A backtest is a record of what a set of rules would have produced against historical prices. It is evidence. It is not proof, and it is not the same thing as having traded the strategy with real money.
Where a test has a limit that would change how you read it, we publish that limit inside the test itself, before anyone asks.
This is the oldest warning in finance because it is the one people most reliably ignore. A strategy that held up across decades of history can stop working the day after we publish it, and nothing in our method can tell you whether it will.
Prices, volumes and option chains come from third-party data providers. Feeds carry errors: bad prints, missing sessions, adjustments applied wrongly after a split or a dividend, and quotes nobody could actually have traded at. We check what we can reasonably check, and we say inside a test where the data limited it. We cannot warrant that every number on this site is free of error, and we do not control the sources.
Where a data problem is material to a verdict, we would rather call the test inconclusive than publish a clean-looking number we do not trust.
Options trading carries substantial risk and is not suitable for everyone. Some strategies discussed on this site have losses that are larger — in some cases far larger — than the credit received or the premium paid. A defined maximum loss is still a loss, and an undefined one can exceed your account.
Understand the maximum loss of any position before you open it, and never risk money you cannot afford to lose.
When we mark a strategy Holds we are saying its claim stood up in our test. We are not saying you should trade it. When we mark one Fails we are saying the claim did not stand up on our data and our assumptions — not that nobody has ever made money with it.
Where we hand you a tool, a spreadsheet, a rule set or a specification, what comes out of it is yours, not ours. We cannot see what you changed, what data you fed it, or what you concluded. Every limit on this page applies just as hard to a result you generate yourself — harder, arguably, because nobody else has looked at it.
We take no payment from anyone whose strategy we test, and we do not accept payment to change, delay, or withhold a result. Parameters are fixed before a run and every published figure comes out of that run. You are entitled to hold us to that.
We are paid by readers who buy what we sell — software and subscriptions — and by nobody else. If we ever earn a commission on a link, that is stated on the page carrying the link, not buried here.
We may hold, or later take, positions in instruments discussed on this site, including ones whose strategies we have tested. We do not publish a verdict to move a price, and we do not take a position in order to trade ahead of a result we are about to publish.
We will get things wrong. When we do, we correct the test in place, say what changed, and leave the correction visible rather than quietly editing the numbers. If you think a result is wrong, tell us — a reader who runs a test and gets a different answer is the most useful thing that can happen to a site like this.
The site is published as it is. We do not promise that it will be available, that a page will still be here tomorrow, that every link works, or that anything on it is complete, current, or fit for whatever you have in mind. Tests get corrected, superseded and sometimes retired.
To the fullest extent the law allows, we are not liable for any loss — trading losses first among them — arising out of your use of this site or anything you did after reading it. That is not a lawyer's flourish tacked on the end. Every decision to open a position is yours, made with knowledge of your own circumstances that we do not have and have never asked for.
Some consumer laws, Australia's among them, give you rights that a page like this one cannot exclude. Nothing here tries to take those away.
We link to data sources, brokers' documentation, academic papers and other people's writing. We do not control those sites, we are not responsible for what is on them, and a link is not an endorsement.
Quote us, argue with us, and republish our numbers with a link back — that is what publishing is for. What we ask is that you do not reproduce a test wholesale as your own work, and that you do not strip the limits out of a result and republish the headline figure on its own. The limits are part of the result.
Using this site does not create an adviser–client, fiduciary, or professional relationship of any kind between you and Tried & Traded. You are responsible for your own trading decisions and their consequences.
We update this page when what we do changes. The date at the top is the last time it did. A change that alters the deal between us gets said out loud rather than slipped in.
Write to [ contact address to be added ]. If you think a test is wrong, tell us what you ran and what you got. That is more useful to us than a complaint, and we would rather correct a result than defend it.
We test strategies and publish what we found. You decide what to do about it, and you carry the risk of that decision. If that is not the deal you want, this is not the right site for you — and we would rather say so on this page than in the small print.
