Risk Disclosure and Legal Notices.

EdgeTest is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser, research analyst, stock broker, portfolio manager, or in any other capacity, and is not a member of any stock exchange or a participant of any depository.

EdgeTest provides software for research and education. It lets you test your own trading ideas against historical market data. It does not give recommendations, does not publish buy or sell calls, does not manage money or securities, does not solicit trades, and does not act as an intermediary between you and any market.

Because it provides no advice and no recommendation, it operates as an analysis tool rather than an advisory service. If your requirement is personalised advice, you should engage a SEBI-registered investment adviser.

Nothing on this website is investment advice, a research report, a recommendation, or a solicitation or offer to buy or sell any security. This applies to backtest results, screener output, strategy templates, AI-generated explanations, market and stock pages, charts, and every other number or sentence published here.

Any output you see is the consequence of rules that you selected, applied by software to past data. It reflects your inputs, not our opinion of any security.

You are solely responsible for your own investment decisions. Before acting on anything you learn here, consult a SEBI-registered investment adviser who can take account of your personal financial situation, objectives and risk tolerance.

EdgeTest makes no claim about the performance of any advice, recommendation or service, because it provides none. We do not maintain, publish or advertise a track record of recommendations, and we do not claim that any user has achieved, or will achieve, any result.

Figures shown for demonstration strategies anywhere on this site are the historical simulation of a published, mechanical rule. They are illustrations of what the software does. They are not a record of advice given, and they are not an offer of a service that produces returns.

No risk or return figure on this site has been verified by the Past Risk and Return Verification Agency (PaRRVA) or by any other verification agency, and none should be treated as verified. Any performance figure you see anywhere, on this site or elsewhere, deserves the same question: was real money at risk, and who checked it?

Every backtest result on EdgeTest, including the demonstration strategies and any CAGR, return, drawdown or ratio shown anywhere on this site, is hypothetical, simulated performance. These results were produced by applying rules to historical data after the fact. They do not represent actual trading, and no real money was ever at risk in producing them.

Simulated results have inherent limitations. They are prepared with the benefit of hindsight. They do not reflect actual order execution: real fills, available liquidity, market impact, partial fills, order rejections, or the discipline required to follow a system through a long losing streak. Modelled costs, charges, margins and slippage are estimates and will differ from what you actually pay.

Past performance, whether real or simulated, does not predict future results. A strategy that performed well historically can lose money in the future. No representation is made that any account will, or is likely to, achieve results similar to any backtest shown on this site.

We would rather tell you where our simulations are weak than let you assume they are perfect. Two limitations affect every equity backtest run on this platform, and we disclose them in the product as well as here.

• Survivorship bias: our equity dataset contains companies that are listed today. Companies that were delisted, merged away, or collapsed during the test window are largely absent, so a strategy is never given the chance to buy a company that later went to zero. This biases historical returns upward, and the size of the bias cannot be measured from inside the dataset.
• Point-in-time coverage: where a strategy screens on published financial results, we apply only filings that had actually been published by the date being simulated. Coverage of filing dates is materially complete from mid-2022 onward. For test windows starting earlier, the report states the limitation on the results page itself.
• Corporate actions: historical prices are adjusted for splits and bonuses. Dividends are not reinvested, and no adjustment is made for them.
• Liquidity: a simulation can select a contract or a stock at a price the exchange published, even where volume was thin and a real order of your size might not have been filled at that price.

Market pages use data sourced from the National Stock Exchange of India, delayed during market hours; outside market hours they show the last session's close, labelled with its date. Backtests use end-of-day NSE data and datasets derived from it.

Data may contain errors, gaps, revisions or delays, and is provided as-is without warranty of any kind. EdgeTest is not affiliated with, endorsed by, or sponsored by NSE, any other exchange, any index provider, or any regulator. All exchange and index names are the property of their respective owners and are used only to identify the data described.

Futures and options are leveraged instruments and carry a high degree of risk. They are not suitable for every investor. Option buyers can lose the entire premium paid. Option sellers can lose substantially more than the premium received, and losses on an uncovered short position are theoretically unlimited.

Leverage means that a small adverse move in the underlying can produce a loss that is a large multiple of the margin committed. Positions may be closed out by your broker without your consent if margin is not maintained.

A simulated options result on EdgeTest is not a statement that the same trades could have been executed in the real market at the prices shown, and is not a promise of real-world feasibility. Studies published by SEBI have repeatedly found that a large majority of individual traders in equity derivatives lose money. Treat that as the base rate against which any strategy must be judged.

EdgeTest uses large language models to translate what you type into a structured strategy, to describe results in plain English, and to answer support questions.

AI output can be wrong. It can misread your intent, and an explanation it produces may contain errors. Always check the strategy shown in the builder against what you meant before relying on a result. AI output is never investment advice, and no explanation it generates should be read as a recommendation.

Trading and investing carry a risk of loss, including the loss of your entire capital. Never trade with money you cannot afford to lose, never treat a backtest as a guarantee, and never size a position on the assumption that a historical result will repeat.

You should satisfy yourself that any strategy is appropriate for your circumstances, and you should verify important figures independently before acting on them.

EdgeTest exists for education and research: to help you understand how a rule-based strategy would have behaved historically, with honest costs and honest data, and to make the weaknesses of that exercise visible rather than hidden.

If anything on this site reads as a promise, a recommendation, or a guarantee, that is a drafting failure on our part and we want to know about it. Write to support@edgetest.in.