Terms of Use & Disclaimer

1. General

Welcome to Engel Research. By accessing or using this website — including its systems, data, displays, momentum maps, heat maps, quantitative models, algorithmic systems, charts, files, reports, and any other content — you agree to be bound by these Terms of Use.

Accessing or using the site constitutes your full and unconditional acceptance of these terms. If you do not agree, please do not use the site.

This site is intended solely to provide information, research, quantitative analysis, decision-support tools, and general market insights. Nothing on this site constitutes investment advice, investment marketing, portfolio management, pension advice, tax advice, legal advice, or a personal recommendation to take any action with respect to securities, ETFs, currencies, commodities, digital assets, or any other financial instrument.

2. Purpose of the Site

The site provides users with analytical tools, data displays, relative strength indicators, momentum maps, heat maps, market analysis, historical data, research results, simulations, backtests, and quantitative models.

The systems on the site may include, among other things:

• Sector and sub-sector analysis.
• Asset ranking by relative strength or momentum.
• Market trend visualizations.
• Links to external charts.
• Historical analysis.
• Algorithmic models.
• Automated or semi-automated data-processing systems.
• Signals, markers, ratings, or indications such as strength, weakness, entry, exit, ranking, trend change, or similar notations.

All of the above are intended as research aids only and do not constitute instructions, recommendations, or directives to act.

3. No Investment Advice or Personalization

The information on this site is general in nature and is not personalized to any specific user.

The information does not take into account a user's personal needs, financial situation, assets, liabilities, age, investment objectives, investment horizon, risk tolerance, investment experience, or any other personal data.

Every investment decision — to buy, sell, hold, adjust exposure, enter a position, exit a position, or refrain from acting — is the sole responsibility of the user.

Before making any investment decision, users should consider seeking personalized professional advice from a duly licensed advisor.

4. Algorithmic / Automated / Semi-Automated Systems

The site may operate algorithmic, automated, or semi-automated systems that collect data, process information, calculate ratings, generate indications, perform analyses, or display results based on mathematical, statistical, or quantitative rules.

It is expressly stated that:

The fact that a process on the site is performed automatically, semi-automatically, or without human intervention does not make it a recommendation, does not constitute investment advice, and does not relieve the user of the obligation to exercise independent judgment.

The system does not make decisions on behalf of the user.

The system does not know whether any particular action is suitable for the user.

The system does not assess the user's personal, financial, or legal situation.

The system does not guarantee any outcome, profit, return, loss protection, or success.

Any use of system outputs — including ratings, signals, scores, indications, entry/exit markers, colors, charts, tables, or algorithmic results — is made at the user's sole risk.

4a. Premium System — Personalized Signals

Premium subscribers have access to a private, personal workspace in which they independently define strategy rules, optimization parameters, and portfolio components.

Any signals displayed in the premium system (such as entry, exit, hold, or similar markers) are solely the automated output of rules defined by the user themselves. They do not represent external judgment, a recommendation by the site operator, investment advice, or investment marketing.

Each subscriber sees only the outputs of their own strategy. There is no exposure to the strategies, portfolios, or signals of other subscribers.

The public page displaying historical algorithm performance (Return, CAGR, Max Drawdown) is for illustrative purposes only and does not include any trading signal, recommendation, or advice to act.

5. No Guarantee of Profit or Returns

Nothing on this site — including models, backtests, simulations, charts, ratings, or historical performance — constitutes a promise of profit, future return, risk reduction, or investment success.

Past performance does not necessarily indicate future performance.

Simulations, backtests, historical analyses, and quantitative models are based on assumptions, historical data, and specific methodologies and may not materialize under actual market conditions.

Trading and investing in financial markets involves material risk, including the possibility of partial or total loss of invested capital.

6. Data, Sources & Accuracy

The site may rely on data from external sources, data providers, charting services, exchanges, APIs, data files, third-party sources, and internal processing systems.

Despite efforts to present accurate and up-to-date information, there may be errors, delays, omissions, duplications, corruptions, price discrepancies, data changes, calculation faults, communication issues, or inconsistencies between sources.

The site does not warrant that information will be accurate, complete, continuous, current, free of errors, or fit for any particular purpose.

Users are responsible for independently verifying all material information before making any decision.

7. Market Risks

Investing in securities, ETFs, indices, sectors, commodities, currencies, bonds, digital assets, or any other financial instrument involves significant risks, including but not limited to:

High volatility, sharp declines, capital losses, liquidity risk, currency risk, interest rate risk, geopolitical risk, regulatory risk, trading risk, system risk, technological risk, model risk, and risks arising from reliance on incomplete or inaccurate information.

The user acknowledges that risk is an inherent part of participating in financial markets.

8. User Responsibility

The user agrees to use the site independently, prudently, and reasonably.

The user is solely responsible for every decision, action, transaction, investment, loss, gain, expense, or damage arising from use of the site or reliance on information appearing on it.

The user agrees not to rely blindly on the system, algorithm, ratings, colors, charts, or any other output on the site.

The user understands that even when a process is presented as data-driven, calculated, systematic, automated, or algorithmic, this does not eliminate the need for independent verification, judgment, and personal responsibility.

9. Limitation of Liability

The site, its owners, operators, editors, developers, managers, employees, suppliers, and anyone acting on their behalf shall not be liable for any direct, indirect, special, consequential, financial, or other damages, including investment losses, loss of profits, loss of opportunity, trading losses, or damages resulting from data errors, technical failures, delays, outages, misinterpretation, or reliance on information on the site.

The site is provided "as is" and without warranty of any kind.

10. Intellectual Property

All content on this site — including texts, charts, tables, code, design, models, methodologies, ratings, research, data structures, displays, simulations, algorithmic logic, and all other components — is the property of the site's owners unless otherwise stated.

No copying, distributing, reproducing, publishing, selling, transferring, publicly displaying, creating derivative works, or commercial use of the site's content is permitted without prior written consent.

11. External Links

The site may include links to external websites, including charting services, data providers, third-party systems, or financial information sources.

The site is not responsible for the content, accuracy, availability, security, privacy policy, or any damage resulting from use of external websites.

Accessing an external site is done at the user's sole risk.

12. Availability & Downtime

The site may be unavailable from time to time due to maintenance, upgrades, faults, overloads, communication issues, provider limitations, technological changes, or circumstances beyond the operators' control.

There is no guarantee that the site will operate continuously, without errors, or without interruptions.

13. Changes to the Site & Terms

The site's operators may update, change, add, remove, or discontinue any part of the site, systems, models, data, or these terms at any time and without prior notice.

Continued use of the site after a change to the terms constitutes acceptance of the updated terms.

14. Privacy

To the extent the site collects personal information, contact details, usage data, cookies, or other technical information, such data will be handled in accordance with a privacy policy published on the site.

15. Governing Law & Jurisdiction

These terms and your use of the site are governed by the laws of the State of Israel.

The exclusive jurisdiction for any dispute relating to the site, its use, or these terms shall be the competent courts in Israel.

Users accessing this site from outside Israel, including those using VPN or proxy services, remain subject to these terms regardless of the means of access.

16. Regulatory Status

Engel Research does not hold a license for investment advice, investment marketing, or portfolio management from the Israel Securities Authority or any other regulatory body, and is not required to do so.

The site constitutes independent research software — an analytical tool that enables users to analyze, research, and track financial assets independently, similar to other professional research tools (such as technical analysis platforms, research terminals, and financial data services).

The asset universe available on the platform consists solely of a defined and limited set of Exchange-Traded Funds (ETFs). The site does not provide access to individual stocks, specific bonds, derivatives, cryptocurrencies, or other financial instruments.

Users understand that the platform is not a substitute for licensed professional advice, and where personal advice is required, they should consult a duly licensed professional.

17. User Declaration

By using the site, the user declares that they have read and understood these terms and agree that the site provides information and decision-support tools only.

The user understands that final responsibility for every financial or investment decision rests solely with them, and that nothing on the site — including the algorithmic system or any automated output — constitutes a substitute for personalized, professional advice.