Terms and Conditions

BY DOWNLOADING, INSTALLING, COPYING, ACCESSING OR OTHERWISE USING THE PROGRAM, LICENSEE AGREES TO THE TERMS OF THIS AGREEMENT. IF YOU ARE ACCEPTING THESE TERMS ON BEHALF OF LICENSEE, YOU REPRESENT AND WARRANT THAT YOU HAVE FULL AUTHORITY TO BIND LICENSEE TO THESE TERMS. IF YOU DO NOT AGREE TO THESE TERMS, DO NOT DOWNLOAD, INSTALL, COPY, ACCESS OR USE THE PROGRAM; AND PROMPTLY RETURN THE UNUSED MEDIA, DOCUMENTATION, AND PROOF OF ENTITLEMENT TO THE PARTY FROM WHOM IT WAS OBTAINED FOR A REFUND OF THE AMOUNT PAID. IF THE PROGRAM WAS DOWNLOADED, DESTROY ALL COPIES OF THE PROGRAM.

Preamble: Under this Software License Agreement (the "Agreement"), WFAToolbox Company (Hereinafter: Licensor) grants to the user (hereinafter: Licensee) a non-exclusive and non-transferable license (hereinafter: License) to use WFAToolbox (hereinafter: The Software).

License Grant: Licensor hereby grants Licensee a Personal, Non-assignable & non- transferable, Perpetual, Commercial, Royalty free, Without the rights to create derivative works, Non-exclusive license, all with accordance with the terms set forth and other legal restrictions set forth in 3rd party software used while running Software.

Limited: Licensee may use Software for the purpose of:
- Running Software on Licensee’s Website[s] and Server[s];
- Allowing 3rd Parties to run Software on Licensee’s Website[s] and Server[s];
- Publishing Software’s output to Licensee and 3rd Parties;
- Distribute verbatim copies of Software’s output (including compiled binaries);o Modify Software to suit Licensee’s needs and specifications.
- This license is granted perpetually, as long as you do not materially breach it.

Binary Restricted: Licensee may sublicense Software as a part of a larger work containing more than Software, distributed solely in Object or Binary form under a personal, non-sublicensable, limited license. Such redistribution shall be limited to unlimited codebases.

Non Assignable & Non-Transferable: Licensee may not assign or transfer his rights and duties under this license.

Commercial, Royalty Free: Licensee may use Software for any purpose, including paid-services, without any royalties.

Term & Termination: The Term of this license shall be until terminated. Licensor may terminate this Agreement, including Licensee’s license in the case where Licensee :

became insolvent or otherwise entered into any liquidation process; or
exported The Software to any jurisdiction where licensor may not enforce his rights under this agreements in; or
Licensee was in breach of any of this license's terms and conditions and such breach was not cured, immediately upon notification; or
Licensee in breach of any of the terms of clause 2 to this license; or
Licensee otherwise entered into any arrangement which caused Licensor to be unable to enforce his rights under this License.

Payment: In consideration of the License granted under clause 2, Licensee shall pay Licensor a fee, via Credit-Card, PayPal or any other mean which Licensor may deem adequate. Failure to perform payment shall construe as material breach of this Agreement.

Requirements: Licensee must have installed on a computer working Mathworks MATLAB version R2015b or greater and have basic knowledge of MATLAB programming language to be able to deal with some functionality of the Software, such as creating own rules for trading strategies. In addition, Licensee should have Mathworks Parallel Computing Toolbox to use "parallel" mode of optimization and other toolboxes (such as Econometrics Toolbox) to run some sample strategies.

To be able to load data from Interactive Brokers, Licensee must have valid broker account opened in Interactive Brokers LLC (https://www.interactivebrokers.com) and IB-Matlab (https://undocumentedmatlab.com/ib-matlab) installed and running with paid or trial license subscription.
To be able to load data from IQFeed (https://www.iqfeed.net), Licensee must have paid or trial subscription for IQFeed datafeed services and paid or trial subscription to IQML (https://undocumentedmatlab.com/iqml).

Upgrades, Updates and Fixes: Licensor may provide Licensee, from time to time, with Upgrades, Updates or Fixes, as detailed herein and according to his sole discretion. Licensee hereby warrants to keep The Software up-to-date and install all relevant updates and fixes, and may, at his sole discretion, purchase upgrades, according to the rates set by Licensor. Licensor shall provide any update or Fix free of charge; however, nothing in this Agreement shall require Licensor to provide Updates or Fixes.

The Mathworks company regularly releases new versions of MATLAB, and Licensor do not guarantee that the Software and all their components will be working properly with newer versions of MATLAB.

Upgrades: for the purpose of this license, an Upgrade shall be a material amendment in The Software, which contains new features and or major performance improvements and shall be marked as a new version number. For example, should Licensee purchase The Software under version 1.X.X, an upgrade shall commence under number 2.0.0.

Updates: for the purpose of this license, an update shall be a minor amendment in The Software, which may contain new features or minor improvements and shall be marked as a new sub-version number. For example, should Licensee purchase The
Software under version 1.1.X, an upgrade shall commence under number 1.2.0.

Fix: for the purpose of this license, a fix shall be a minor amendment in The Software, intended to remove bugs or alter minor features which impair the The Software's functionality. A fix shall be marked as a new sub-sub-version number. For example, should Licensee purchase Software under version 1.1.1, an upgrade shall commence under number 1.1.2.

Licensor provide the Software upgrades, updates and fixes only during 1 calendar year after purchase, then it can be prolonged for additional fee with acceptance of Licensor.

Support: The Software support can be provided only by email and only during 1 calendar year after purchase, then it can be prolonged for additional fee with acceptance of Licensor. You may get our support on https://wfatoolbox.com/contacts/

Bug Notification: Licensee may provide Licensor of details regarding any bug, defect or failure in The Software promptly and with no delay from such event; Licensee shall comply with Licensor's request for information regarding bugs, defects or failures and furnish him with information, screenshots and try to reproduce such bugs, defects or failures.

Feature Request: Licensee may request additional features in Software, provided, however, that (i) Licensee shall waive any claim or right in such feature should feature be developed by Licensor; (ii) Licensee shall be prohibited from developing the feature, or disclose such feature request, or feature, to any 3rd party directly competing with Licensor or any 3rd party which may be, following the development of such feature, in direct competition with Licensor; (iii) Licensee warrants that feature does not infringe any 3rd party patent, trademark, trade-secret or any other intellectual property right; and (iv) Licensee developed, envisioned or created the feature solely by himself.

Liability: To the extent permitted under Law, The Software is provided under an AS- IS basis. Licensor shall never, and without any limit, be liable for any damage, cost, expense or any other payment incurred by Licensee as a result of Software’s actions, failure, bugs and/or any other interaction between The Software and Licensee’s end- equipment, computers, other software or any 3rd party, end-equipment, computer or services. Moreover, Licensor shall never be liable for any defect in source code written by Licensee when relying on The Software or using The Software’s source code.

Warranty:

Intellectual Property: Licensor hereby warrants that The Software does not violate or infringe any 3rd party claims in regards to intellectual property, patents and/or trademarks and that to the best of its knowledge no legal action has been taken against it for any infringement or violation of any 3rd party intellectual property rights.

No-Warranty: The Software is provided without any warranty; Licensor hereby disclaims any warranty that The Software shall be error free, without defects or code which may cause damage to Licensee’s computers or to Licensee, and that Software shall be functional. Licensee shall be solely liable to any damage, defect or loss incurred as a result of operating software and undertake the risks contained in running The Software on License’s Server[s] and Website[s].

Prior Inspection: Licensee hereby states that the inspected The Software thoroughly and found it satisfactory and adequate to his needs, that it does not interfere with his regular operation and that it does meet the standards and scope of his computer systems and architecture. Licensee found that The Software interacts with his development, website and server environment and that it does not infringe any of End User License Agreement of any software Licensee may use in performing his services. Licensee hereby waives any claims regarding The Software's incompatibility, performance, results and features, and warrants that he inspected the The Software.

Refunds: Refunds are available within 60 days of product purchase by submitting the refund request at https://www.clkbank.com. Refund requests usually resolve within 2 weeks. For credit card purchases the refund will appear on the next credit card statement. The buyer agrees that by submitting the refund request that the Software for which a refund is sought may no longer be used in any way.

Indemnification: Licensee hereby warrants to hold Licensor harmless and indemnify Licensor for any lawsuit brought against it in regards to Licensee’s use of The Software in means that violate, breach or otherwise circumvent this license, Licensor's intellectual property rights or Licensor's title in The Software. Licensor shall promptly notify Licensee in case of such legal action and request Licensee’s consent prior to any settlement in relation to such lawsuit or claim.

Governing Law, Jurisdiction: Licensee hereby agrees not to initiate class-action lawsuits against Licensor in relation to this license and to compensate Licensor for any legal fees, cost or attorney fees should any claim brought by Licensee against Licensor be denied, in part or in full.