CD-04 · reviewed 2 June 2026
Exposure Notice
Margin lets a systematic model remove a large share of an account, and the model takes its losing trades as faithfully as its winning ones. Six documents in this register can be skimmed. This is the one to finish.
standingNothing in this document, on this site or in a manual is investment, financial, legal or tax advice, and none of it is written against your circumstances. A licensed adviser can do that; this desk cannot and does not try.
§1
The figure at stake
§1.1
Margin makes the account move by a multiple of the price move. A build calibrated for 1:30, running exactly as designed, can still take a large fraction of an account out inside one poor week; where the account carries negative-balance exposure it can finish below zero, leaving you owing the broker.
§1.2
The only defensible amount to fund such an account with is one whose complete loss would leave your obligations, your savings and your household exactly where they were.
§1.3
There is no figure in the other direction. Nothing on this site, in a manual or in a reply states or implies what an account will make.
§2
Fault register
§2.1
Faults in the program and faults at the keyboard cost the same money, so they are kept in one register rather than two lists. None of the rows below is hypothetical; each is a way accounts running automated strategies are actually reduced.
§2.2
| fault | how it shows up | what it costs |
|---|---|---|
| Regime change | the market stops resembling the years the model was fitted on | untested behaviour, carried at full size, for as long as the regime lasts |
| Gap through the exit | weekend open, release spike, a thin hour | the fill lands well past the level the build meant to leave at |
| Terminal stops | patch reboot, closed lid, full disk, a hosted server whose term lapsed | whatever is open runs unmanaged until the terminal is back |
| Symbol mismatch | a broker suffix, a different lot step, a different quote currency | the size computed is not the size sent |
| Two copies, one account | the same build attached at two terminals | every position doubles and neither copy can see the other |
| The losing run | four, five, six trades against the model in sequence | each one taken at full size until a limit prints or you intervene |
| Size raised on a good month | an input increased on the strength of a run that went well | the first bad month arrives at the new size |
| Input past the printed ceiling | a risk figure above the profile in the manual | a configuration nobody at this desk has ever run |
| Detached mid-drawdown | the build pulled off the chart because the drawdown is uncomfortable | an open loss is converted into a closed one, on the worst day of it |
| No loss stop | unattended operation on a terminal nobody looks at | nothing ends the session when the session has gone wrong |
| A record read as a target | a published figure treated as next month's number | position size chosen from an expectation the desk never offered |
scroll sideways for every column →
§2.3
A limit switched on early costs nothing while it is unused. The controls printed in each grade's profile exist for the rows above and are worth setting before the first live order, not after the first painful one.
§3
What this desk does not do
§3.1
Algo Flexs supplies a program and a manual. The account is opened by you, funded by you, held at your broker in your name, and worked from your terminal under your login. The desk cannot see it, cannot reach it, and cannot close a position the program has opened.
§3.2
It is not a broker, an exchange, a fund, a portfolio manager or a regulated adviser. It holds no client money and issues no order for anybody.
§3.3
No audited account is published for any strategy at the review date. If one is ever published it will be the desk's own account, at the desk's broker and size, over dates that are finished. It records what happened to one account and forecasts nothing about yours.
§3.4
Spread, commission, swap and execution quality differ from broker to broker, and every one of those differences lands directly in a result.
§4
Refusals asked for before a ticket
§4.1
Do not fund the account from money that is already committed to something else.
§4.2
Do not skip a fortnight on demo at your own broker, on the grade you intend to buy.
§4.3
Do not raise a risk input above the profile printed in the manual.
§4.4
Do not attach a build to a terminal you cannot keep running.
§4.5
Do not leave the loss stop until later; set it on the day you go live.
§4.6
Do not read any figure, here or on a page this site links to, as a forecast of your account.
§4.7
Any line above that you would not hold to makes the correct decision execute nothing — at this desk and at every other vendor of trading software.
Read together with the performance basis (CD-05) and the fill contract (CD-01). A buyer who cannot accept every clause should not pay.
questions about this document: [email protected] · quote the clause number