Terms of Use

This is an English reading translation for convenience. Only the German version is legally binding.

Version dated 28 September 2026

1. Who provides this service and to whom these terms apply

These terms apply to the use of the website mdtrading.tech and all content accessible through it. The provider is Michael Dehenn, dehennmichael@gmail.com (hereinafter the “Provider”). A user is anyone who signs in and accesses the content.

Deviating terms of the user do not apply, even if the Provider does not expressly object to them.

2. What the service is

The service shows metrics on listed securities: results of technical indicators, ratings calculated from them, price data, dates, and automatically generated summaries of publicly available information. The presentation includes colour codes (“traffic light”), point ratings (“grade”) and calculated figures for possible entry, stop and target prices.

All information is generated fully automatically from market data and calculation rules that are applied identically to all securities. No human review of the individual case takes place.

3. What the service expressly is not

The Provider makes clear, and the user acknowledges:

No investment advice. The service does not provide investment advice within the meaning of Section 2 (2) no. 4 of the German Securities Institutions Act (Wertpapierinstitutsgesetz). No advice tailored to the personal circumstances of a user is given. The Provider neither knows nor takes into account the user’s investment objectives, knowledge, experience, financial situation, tax situation or risk-bearing capacity. An assessment of whether a security is suitable or appropriate for a particular user does not take place and is not owed.

No call to act. Nothing on this site is an offer, a request or a recommendation to buy, sell or hold a financial instrument, or to open, change or close a position. In particular, a green traffic light, a high grade or the label “candidate” does not mean that a security should be bought; a red traffic light or a low grade does not mean that a security should be sold. This information describes exclusively the result of a calculation rule.

No assurance about future developments. Information on possible entry, stop or target prices consists of calculated figures based on historical price data. It contains no forecast and no assurance that a price will be reached, held or fallen below.

No asset management, no brokerage. The Provider does not manage assets, does not execute orders, does not arrange transactions and does not forward orders.

No relationship with the companies mentioned. The Provider does not act on behalf of the companies presented and receives no remuneration from them.

4. The decision is made by the user

Every decision to acquire, hold or sell a financial instrument is made by the user independently and at the user’s own expense. Before making a decision, the user is obliged to check all information themselves, in particular against the original sources linked in the service or otherwise accessible.

The user confirms that they have the knowledge and experience required to assess the information presented and the risks of the financial instruments concerned, or that they will seek expert advice before making a decision.

5. Conclusion of the contract, access

The contract is concluded when the Provider activates access and the user confirms these terms and the risk disclosure. There is no entitlement to activation.

Access is personal. The user does not pass on access data and sign-in codes and protects them from access by third parties. If misuse becomes known or is suspected, the user informs the Provider without delay.

Contract language and contract text. The contract is concluded in German. The Provider stores the contract text, i.e. these terms in the version the user agreed to, together with the time of agreement. The user can call up the version applicable to them at any time in the signed-in area and save or print it.

6. Fees, term, cancellation (Pro account)

This section applies to the Pro account. Section 6a applies to analyses paid for from a balance.

The amount of the fee and the method of payment are shown on the order page in the version applicable at the time of the order. Billing is monthly. All prices include statutory VAT.

Term. The contract has a term of one month. If it is not cancelled before the end of this month, it is extended indefinitely. The extended contract can be cancelled at any time with one month’s notice. The right of both parties to terminate for good cause remains unaffected.

How to cancel. The website provides a button “Cancel contracts here” for this purpose. It is permanently available, directly accessible and requires no sign-in. In addition, any declaration in text form is sufficient, for example an email to dehennmichael@gmail.com.

Confirmation. The Provider confirms receipt of the cancellation without delay on a durable medium. The confirmation states the content of the cancellation, the day and time of receipt and the time at which the contractual relationship ends.

6a. Analyses paid for from a balance

What is purchased. Anyone with an account can buy an analysis balance on the “Balance” page, in the packages offered there or for an amount of their own choosing within the limits stated there. The balance can be used to request individual automatically generated summaries within the meaning of section 2 (“market analysis”, “Market Impact”, “chart analysis”, hereinafter “analysis”). The price per analysis and the price per package are shown on the “Balance” page in the version applicable at the time of purchase. All prices include statutory VAT. A Pro account is not required for this; the balance is not a subscription, has no term and does not need to be cancelled.

Conclusion of the contract and payment. The contract for a balance is concluded when the user selects a package or an amount of their own and one of the payment methods offered on the “Balance” page and presses the button “Place binding order”. Where stated on the page, payment via the payment service provider Stripe (e.g. card or SEPA direct debit), bank transfer and PayPal are offered. For bank transfer and PayPal, the user enters the displayed reference as payment reference or message. The balance is credited as soon as the payment has been received by the Provider or confirmed by the payment service provider; the user receives a notification of this. The Provider may discard an order for which no payment is received within 14 days; the user can withdraw an order that has not yet been paid at any time.

Vouchers. Voucher codes issued by the Provider can be redeemed by the user on the “Balance” page. The amount is credited immediately. Each code can only be redeemed once; the voucher value is not paid out.

Use. If an analysis of a security that is at most seven days old is missing for the user, or if the user expressly requests a new one, the user is informed of the price before creation or display. Once the user confirms, the price of one analysis is deducted from the balance. If an analysis of this security that is at most seven days old already exists, it is displayed without the analysis interface being queried again; otherwise it is created anew. If the balance is not sufficient, nothing is deducted and nothing is displayed. If the user has already paid for a particular version of an analysis, they see it again within the seven days without a further deduction.

Failure of creation. If a paid analysis cannot be created for reasons within the sphere of responsibility of the Provider or its service providers, the deducted amount is automatically credited back to the balance. If the user aborts the creation, for example by closing the page before the analysis is finished, no refund is made because the costs of creation have already been incurred at that point. The user’s other rights under section 10 remain unaffected.

No expiry, no payout during use. The balance does not expire and bears no interest. It is tied to the account and cannot be transferred to other persons. No payout is made during the ongoing usage relationship; the rights under section 7 and under the following paragraph remain unaffected.

Refund upon termination. If the usage relationship ends, for whatever reason, or if the Provider discontinues the offer of paid analyses, the Provider will refund the unused balance at the user’s request to the payment method used for the purchase. A message to dehennmichael@gmail.com is sufficient.

Price changes. The Provider announces an increase in the price per analysis at least four weeks in advance on the “Balance” page. Until it takes effect, the user can demand a refund of the unused balance in accordance with the preceding paragraph. A reduction applies immediately.

Withdrawal. The right of withdrawal under section 7 applies to the purchase of a balance. If the right of withdrawal has not expired early under section 7 and the purchase is validly withdrawn, the Provider refunds the amount paid in accordance with section 7.

7. Right of withdrawal for consumers

Withdrawal instructions. You have the right to withdraw from this contract within fourteen days without giving any reason. The withdrawal period is fourteen days from the day of conclusion of the contract.

To exercise your right of withdrawal, you must inform us (Michael Dehenn, dehennmichael@gmail.com) of your decision to withdraw from this contract by means of a clear statement (for example a letter sent by post or an email). To meet the withdrawal deadline, it is sufficient that you send the notification of exercise of the right of withdrawal before the withdrawal period has expired.

Consequences of withdrawal. If you withdraw from this contract, we shall reimburse all payments we have received from you without undue delay and at the latest within fourteen days from the day on which we received the notification of your withdrawal from this contract. For this reimbursement we use the same means of payment that you used for the original transaction, unless expressly agreed otherwise with you; in no event will you be charged any fees because of this reimbursement.

Early expiry. In the case of a contract for the supply of digital content not supplied on a tangible medium, the right of withdrawal expires if you have expressly agreed that we begin performance before the end of the withdrawal period, and you have confirmed your knowledge that you lose your right of withdrawal by your consent once performance of the contract begins, and we have provided you with a confirmation thereof.

8. Model withdrawal form

(If you want to withdraw from the contract, please fill in this form and send it back. You do not have to use it; an informal clear statement is just as sufficient.)

To Michael Dehenn, dehennmichael@gmail.com:
I/We (*) hereby withdraw from the contract concluded by me/us (*) for the provision of the following service (*)
— Ordered on (*)/received on (*)
— Name of consumer(s)
— Address of consumer(s)
— Signature of consumer(s) (only if notified on paper)
— Date
(*) Delete as appropriate.

9. Availability and timeliness

What is provided. The service keeps the most recently generated metrics available for retrieval. They are renewed on trading days after the data run has been completed. For each security, the status to which the information refers is stated.

No real-time data. Prices and metrics refer to the status of the last data run. Between this status and retrieval, prices, company figures and market conditions may have changed. The service is not intended to reproduce the current market price of a security.

Interruptions. Maintenance work, hosting faults, failures of data sources and force majeure can make retrieval temporarily impossible. The Provider remedies such faults within a reasonable time insofar as they lie within its sphere of responsibility, and carries out plannable maintenance work outside trading hours where possible.

Third-party data, automated summaries. Part of the data comes from third parties and is reproduced unchanged; no human review of the individual case takes place under section 2. The summaries are generated by a language model and may contain incorrect or outdated information; they are marked as such.

This section describes what the service does. It does not exclude any statutory rights of the user. The rights to which the user is entitled if the service does not conform to the contract follow from section 10.

10. Warranty, updates

Applicable provisions. If the user is a consumer, Sections 327 et seq. of the German Civil Code (BGB) on contracts for digital products apply to this contract. If the user provides personal data instead of a fee, these provisions apply accordingly under Section 327 (3) BGB, unless the data is processed exclusively for the performance of the contract or for compliance with legal obligations.

What is owed. What is owed is the service described in section 2 in the manner described in section 9: access to the most recently generated metrics, their renewal on trading days after the data run and the indication of the data status for each security.

What is not owed. Not owed are the reproduction of prices in real time, a particular availability rate, a particular result of a metric, a traffic light or a grade, and a particular price development of a security shown. That a traffic light changes after retrieval or a price develops differently from what a calculated figure suggests is not a defect. The Provider deviates from the objective requirements of Section 327e (3) BGB only insofar as the user was specifically informed of this at conclusion of the contract and the deviation was expressly and separately agreed (Section 327h BGB).

Updates. During the term of the contract, the Provider provides the updates required to keep the service in conformity with the contract and informs the user of them (Section 327f BGB).

Rights in case of defects. If the service does not conform to the contract, the user may, in accordance with Sections 327i et seq. BGB, demand subsequent performance, reduce the fee, terminate the contract and demand damages or reimbursement of futile expenses. Section 11 additionally applies to the scope of a claim for damages.

Burden of proof. If, within one year of provision, it turns out that the service does not conform to the contract, it is presumed that it was already defective at the time of provision. In the case of continuous provision, it is presumed that it was defective during the entire duration of provision so far (Section 327k BGB).

Precedence of the law. An agreement deviating from Sections 327 et seq. BGB to the detriment of the consumer is invalid (Section 327s BGB). These terms are to be interpreted so that they do not restrict the user’s statutory rights; in case of doubt the law applies.

11. Liability

The Provider is liable without limitation for intent and gross negligence, for damages from injury to life, body or health, under the Product Liability Act, and to the extent of an assumed guarantee.

In cases of simple negligence, the Provider is liable only for breach of an obligation the fulfilment of which makes proper performance of the contract possible in the first place and on the observance of which the user may regularly rely. In this case, liability is limited to the foreseeable damage typical for this type of contract at the time the contract was concluded. Otherwise, liability for simple negligence is excluded.

These limitations also apply to the personal liability of the Provider’s vicarious agents and assistants. The user’s rights under section 10 remain unaffected.

Trading losses. Under section 3, the Provider does not owe any recommendation or any assessment tailored to the user. A loss that arises for the user from their own investment decision therefore does not result from the breach of a duty of the Provider. The Provider is not liable for lost profit, savings not achieved and financial losses from the user’s investment decisions, unless the preceding paragraphs provide for liability.

12. Obligations of the user

The user uses the service for their own purposes only. They do not pass content on to third parties, do not publish it and do not present it as their own analysis. Automated retrievals going beyond normal use are prohibited.

If the user uploads their own data, they warrant that they are entitled to do so.

13. Rights to the content

The content, its compilation and the underlying software are protected by copyright. For the duration of the contract, the user receives the simple, non-transferable right to retrieve and view the content for their own purposes.

14. Changes to these terms

The Provider may change these terms if this is necessary because of a change in the legal situation, in the case law of the highest courts or in the scope of services. The user will be notified of the new version at the next sign-in and can agree to it.

If they do not agree, their access remains unrestricted, and the version they last agreed to continues to apply to them. They can call it up at any time via the notice. In this case, the Provider may terminate the contract at the end of the current billing period; until then nothing changes for the user.

Consent is not deemed to have been given because the user remains silent or continues to use the service.

15. Applicable law and place of jurisdiction

The law of the Federal Republic of Germany applies, excluding the UN Convention on Contracts for the International Sale of Goods. If the user is a consumer with habitual residence in the European Union, mandatory consumer protection provisions of their country of residence remain unaffected.

If the user is a merchant, a legal entity under public law or a special fund under public law, the place of jurisdiction is the Provider’s registered office.

The Provider is neither willing nor obliged to participate in dispute resolution proceedings before a consumer arbitration board.

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