Legal · Required reading

Risk Disclosure

This Risk Disclosure is provided by Tickfills LLC ("Tickfills") so that you understand the risks of using our platform — trade copying, signal bots, Horizon automated strategies, and the Flow Feed — and the risks of options trading generally. It is part of our Terms of Service. Read it carefully before using the service.

1. No Advice — You Decide Everything

Tickfills is a self-directed software tool. We are not a broker-dealer, investment adviser, commodity trading advisor, or financial planner, and nothing on the platform — traders, bots, statistics, order flow, community content, or the Horizon strategy builder — is investment advice or a recommendation. Every decision to trade, follow, approve, or skip anything on Tickfills, and every rule in any Horizon strategy you build, is yours alone (apart from the closing orders Horizon sends on its own, described in Section 4), and every outcome of those decisions belongs to you.

2. Options Trading Risks

Options are complex instruments carrying a high degree of risk. Key risks include:

• Total loss of premium: options can expire worthless, resulting in the complete loss of the amount paid
• Leverage risk: options provide leveraged exposure — losses can accumulate rapidly, and certain strategies can lose more than the initial investment
• Time decay: options lose value as expiration approaches, regardless of the underlying's movement
• Volatility risk: changes in implied volatility can move option prices sharply, independent of the underlying
• Liquidity risk: wide bid-ask spreads and thin markets can make exiting a position difficult or costly
• Assignment risk: short options can be assigned at any time, obligating you to buy or sell the underlying at the strike
• Exercise risk: a long option held to expiration may expire worthless or, if in the money, be exercised automatically, creating a stock position that can require far more money than the premium paid

3. Trade Copying Risks

Copying trades from other users introduces risks beyond ordinary trading:

• Execution differences: your fills can differ from the trader's due to market movement, queue position, and timing — even sub-second delays can produce materially different prices in volatile markets
• Approval timing: prices can move while an alert waits for your approval — an alert approved later can fill at a very different price than the trader's, and alerts that are not approved in time expire
• Slippage and crowding: many followers copying the same trade can move the market, worsening fills for followers
• Position sizing differences: your risk limits and account size produce different exposure and different results than the trader you follow
• Partial fills: your order may fill partially or not at all given available liquidity
• Technical failures: outages, API failures, connectivity issues, or brokerage downtime can prevent, delay, or duplicate executions — entries and exits alike
• Trader behavior: traders can change strategy, increase risk, or stop trading at any time, without notice, and owe you nothing
• Bots: some traders are software bots run by other users. Their signals come from code you cannot see, can malfunction or be misconfigured, and their track records are paper records based on signal prices, not real fills

4. Automated Strategy (Horizon) Risks

Horizon carries out a strategy you write. That adds risks beyond placing trades yourself:

• It trades without asking you each time: once you switch a strategy to live, it enters and exits positions on its own whenever its rules are met — including while you are away
• The AI can misread you: the artificial-intelligence tool that turns your description into settings can make mistakes, and it fills in settings you did not state with standard defaults. Read the review card before you confirm — the strategy runs its saved settings, not what you meant (except that an opening-range trend filter is always measured on the strategy's own candle timeframe, and all times are treated as New York time), and the card is a summary that does not show every setting
• Your rules can lose money: a strategy keeps following its rules when the market moves against it. Short-dated options, especially 0DTE, can lose most or all of their value within minutes
• Fills, timing, and exits can go wrong: limit entries may not fill, or may fill only in part, and contracts from a partly filled entry may not be managed by Horizon; exits are sent as market orders and can fill far from the last price in fast or thin markets; times in your rules — entry times, maximum hold times, and the end-of-day exit — are checked as each candle completes, so they can act up to two candles after the time shown — several minutes with 5-minute candles, an hour or more with hourly candles — including at or after the market close; and any exit can fail or be delayed by outages or brokerage and API problems. If an exit fails or is never sent — including when our engine stops unexpectedly or a shutdown cuts the exit off — Horizon stops managing that position and may open new positions while it is still open. Watch your account and be ready to close positions yourself
• Horizon can close positions on its own: pausing, editing, switching to paper, or deleting a live strategy, using the kill switch, or losing the price feed for more than 30 seconds makes Horizon send a market order to close the strategy's open position; an orderly shutdown or restart of our engine makes it try to, but the shutdown can cut that attempt off
• Guardrails are limited: each applies to one strategy only; the premium cap is checked against the quoted price, not your fill; daily trade and loss limits reset if the strategy is edited, paused and resumed, or switched between paper and live, or if our engine restarts; and the daily loss stop only blocks new entries after a losing trade closes, so a day's loss can exceed it by the full loss of the open trade — more in fast markets or outages
• A live strategy may run on paper: if live trading is unavailable on our side, a strategy you switched to live trades on paper until it is restored; check its decision log
• Data can differ from your broker's: signals, contract selection, live entry limit prices, stop and target triggers, and paper prices all come from third-party market data, which can be delayed or differ from your brokerage's quotes
• Paper results are not real results: paper trading is simulated, fills at quoted prices, and ignores real-world slippage, partial fills, and liquidity; live results will differ

5. Flow Feed and Market Data

The Flow Feed and other market information on the platform are for information only. Data can be delayed, incomplete, misattributed, or wrong; large orders on the tape are not predictions, signals, or recommendations, and institutional activity frequently reflects hedging or offsetting positions you cannot see. Trading decisions based on displayed data are entirely your own. Market data may not be redistributed or used outside the platform.

6. Past Performance and Displayed Statistics

Past performance is not indicative of future results. Statistics displayed for traders and bots — win rates, returns, P&L, drawdown — are computed from available historical data on a best-effort basis, may contain errors or omissions, and do not guarantee anything about the future. Screenshots and testimonials shown on our website or in our community are individual experiences and are not typical results. Your results will differ due to timing, fills, sizing, fees, and the periods in which you trade. Bot records and Horizon paper results are hypothetical (simulated) results that do not reflect actual execution, slippage, fees, or liquidity. Hypothetical performance results have inherent limitations, and no representation is made that any account will or is likely to achieve results similar to those shown.

7. Platform and Technology Risks

Tickfills is software, and software fails. Outages, bugs, cloud-provider incidents, API changes, and connectivity problems can prevent orders from being placed, prevent positions from being closed, duplicate instructions, display stale data, or delay or drop alerts. The platform is provided "as is," and you accept these operational risks by using it.

8. Brokerage and Regulatory Risks

• Brokerage risk: we rely on third-party brokerage and connectivity APIs; their disruptions, policy changes, or restrictions can stop the platform from operating in your account
• Account restrictions: your brokerage may impose margin calls, trading restrictions, or limitations that prevent execution
• Regulatory risk: securities regulation of trade copying and automated trading can change in ways that restrict or end the service; Tickfills is not responsible for the consequences of regulatory change

9. Risk-Control Limitations

• Risk limits are enforced on a best-effort basis and may not function during outages or extreme market conditions
• Gap risk and overnight moves can cause losses exceeding your configured daily loss limit
• Limits apply per trade, per trader, or per Horizon strategy and do not account for correlated positions across traders or strategies
• Choosing limits appropriate to your finances is solely your responsibility

10. Tax Considerations

Trading options has tax consequences, and frequent trading commonly produces short-term gains taxed at higher rates. You are responsible for your own tax reporting and payment; consult a tax professional.

11. Your Acknowledgment

By using Tickfills, you acknowledge that:

• You have read and understood this Risk Disclosure and the Terms of Service
• You understand the risks of options trading, trade copying, and automated strategies described here
• You are trading only with funds you can afford to lose
• You alone decide what to follow, which trades to approve, and what limits to set, and you accept every outcome of those decisions
• You alone decide the rules of every Horizon strategy, are responsible for checking its saved settings, and decide whether it trades live
• You will monitor your accounts and positions regularly
• Tickfills does not guarantee any result and is not liable for your trading losses

12. Contact

Questions about this Risk Disclosure: info@tickfills.com.