Meridian is not open to clients, is not managing anyone's money, and is not registered as an investment adviser. Nothing on this site is investment advice, an offer, or a solicitation.
What Meridian currently is
Meridian is trading software under development. It runs against a paper account, which means it reads real market prices and places real orders through a broker's testing interface using simulated money. No real funds have been traded.
What Meridian is not
- It is not a broker and does not hold your money or your securities
- It is not a registered investment adviser or broker-dealer
- It is not a fund, and there is nothing to invest in
- It does not give personalised investment advice
- It is not available to sign up for
There is no track record
Meridian has no audited or verified performance record. Figures shown anywhere on this site come from a paper account and are illustrative. Simulated results are not real results. They exclude the ways a live account differs from a test one, including the price you actually get when an order fills, the effect of your own order on the market, borrowing costs, and interruptions in data or connectivity.
Testing on historical data has an additional and well-known weakness: a strategy can be tuned until it fits the past, and a strategy that fits the past can still fail completely on the future. Our own out-of-sample testing found the strategy did not have an edge after costs, and we would rather say that here than let a favourable-looking chart imply otherwise.
Automated trading carries specific risks
- Software fails. Code has bugs. A bug in trading software can place orders that were never intended.
- Connections drop. A network, broker, or data outage can leave a position open with no system watching it.
- Bad data produces bad decisions. A wrong price is acted on as though it were right.
- Protective orders are not guarantees. A stop loss sets a trigger price, not a fill price. In a fast or gapping market the actual fill can be far worse, and the loss can exceed what the stop implied.
- Markets can move faster than any system. No speed of reaction prevents loss.
- Past behaviour does not predict future behaviour. A period that went well is not evidence about the next one.
You can lose money
Trading securities and cryptocurrency involves risk of loss, and losses can be substantial. If Meridian is ever used with real money, you should assume you may lose some or all of the amount you put at risk. Never trade with money you cannot afford to lose. Cryptocurrency in particular is volatile, and in most jurisdictions is not covered by the investor protection schemes that apply to securities.
If Meridian is ever connected to a real account, that is your decision and your responsibility. Doing so requires deliberately changing a setting on a server you control. There is no button on this website that does it, and that absence is intentional.
You keep custody
Meridian connects to a brokerage account you already own, using API keys you create and can revoke at any time. It never holds your money. Any API key that carries permission to transfer or withdraw funds is refused at the moment you connect it, so that even a serious software fault cannot move money out of your account. This reduces one category of risk. It does not reduce the risk of losing money by trading badly.
No guarantee, and no relationship
Nothing on this site is a promise, projection, or guarantee of any result. Reading this site does not create an advisory, fiduciary, or brokerage relationship between you and Meridian Trading Systems. If you need advice about your own circumstances, speak to a licensed financial professional.
Where you are matters
Financial regulation differs by country and by state. Nothing here is directed at anyone in a jurisdiction where making it available would be unlawful, and it is your responsibility to know the rules that apply to you.