Phoenix Algos Consent Form
Please go thru the Self Help Guide First
Respond to the Questionnaire and request access to PhoenixAlgos on TradeTron
(Ensure you specify your TradeTron User Name clearly)
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to save your progress.
Have you read the Self Help Guide ?
I understand that Paper Trades will not match Live Auto Trades.
Yes, I understand that PT is illusion and Slippages and Execution delays are reality
When there is Spike (too much sudden movement of Index) - there WILL be Slippages. Say instead of 2.5k SL , it might end up been 2.8k while the execution of SL Exit happens at broker Terminal. Do you understand the Slippages during Spikes?
Yes, i understand the Slippages due to Spikes
Have you understood how to manage Error in Execution. How will you manage it ?
Check error message
Check positions on broker terminal
Either Retry (Cancelled Order) or Exit (Fund issue)
Not Everyday we will be Closing in GREEN and there might be LOSSES (Drawdown - Back to back loss days)
Yes, I understand it
I understand that i should not intervene in the strategy while its in Execution.
Yes - I will not do manual intervention (Other than Retries during Error in Execution)
I understand the Risk involved and i will start with 1x for at least few expiries and increase the multiplier only after that
Yes, I understand the risk
With the Delays in Execution by TradeTron and the fast moving Premium and Spot Prices, NO two deployments of the same strategy will have same MTM / Results / ATM Strike.
Yes, I understand that no two deployments of same strategy would be same
To address the variable margin requirements on a given day of a week and to handle the drawdown, ensure you have 20% extra fund / margin in your Broker account
Yes, i will keep 20% extra than capital required
I understand that the TradeTron Platforms are not Managed by Team PhoenixAlgos and i will report TT Related issues to TT Support team
Yes, I understand that
For 5.x Series the Target and multiple entries are dependent on the VIX. Higher VIX, Higher Premium values - More theta decay opportunities.
Yes I understand that Target for 5.x will be 2.5k for lower VIX and 3k when VIX is high
Yes, i Understand, 5.x will make second entry only when VIX is higher and it has met its first target
For 7.x Series : Please confirm you understand that 7.x series places two Straddle Orders. One at market and one using Limit Orders.
Yes, I understand - SLM Order will be executed when Price condition matches, till then they will be in Pending Status
For 7.x Series : I understand that since TT can't Process Paper trades, these strategies will not show up their results.
Yes, I understand and i will not compare Paper Trades with Actual Live Auto Trades
I understand that the variable fees invoices will be raised on the last Friday of each Month (End of Monthly Expiry) - due over the weekend
Yes, I understand the invoicing cycle
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