Glossary
Trading words in plain language
Use these meanings while reading a report. They describe terms, not promises about a trade.
- Entry
- The price where an order aims to start a trade.
- Stop-loss (
SL) - A level where the trade is planned to close if price moves against it. The actual fill may differ.
- Take-profit (target,
TP) - The price where the trade aims to take profit.
- Risk to reward (
R:R) - The planned loss compared with the possible gain, risk first. R:R 1 : 2 means the possible gain is twice the planned loss.
- R multiple
- A result counted in units of the planned risk: +2R gained twice the money risked, −1R lost exactly the money risked.
- Win rate
- The share of closed trades that ended in profit.
- Break-even
- A trade that closed with neither a profit nor a loss.
- Confidence
- How strongly the analysis supports its view. It is not the chance of profit.
- Timeframe
- The length of one candle, such as one hour or one day.
- Candle
- A chart mark showing opening, closing, highest and lowest prices in a time period.
- Trend
- The general direction of price: up, down or sideways.
- Support and resistance
- Price areas where falls have tended to stop (support) or rises have tended to stop (resistance).
- Breakout
- Price moving decisively through a support, a resistance or the edge of a range.
- Range
- A period when price moves sideways between a clear high and a clear low.
- Volatility
- How far and how fast price moves. The bot measures it with the average candle range (ATR).
- Session
- The trading hours of a major market, such as London or New York. Activity and volatility change from one session to the next.
- Pending order
- An instruction waiting for price to reach a chosen level.
- Limit and stop orders
- A limit order (Buy Limit, Sell Limit) waits for a better price than now; a stop order (Buy Stop, Sell Stop) waits for price to move further in the trade’s direction.
- Lot (
lot) - A unit of order size. You do not choose it: the bot works it out on every trade from your risk per trade and the stop-loss distance.
- Pip
- A small unit of price movement in many currency pairs.
- Spread
- The difference between the buy and sell quotes.
- Slippage
- A fill at a different price from the one requested, common in fast markets and around news.
- Swap
- A fee or credit for holding a leveraged position overnight.
- Leverage
- Borrowed exposure that makes gains and losses larger.
- Margin and free margin
- Margin is the money the broker sets aside to keep a leveraged position open; free margin is what is left for new orders.
- Equity
- Your balance plus or minus the running result of open positions.
- Spot
- Buying the asset itself with your own money and without leverage, as on a Binance Spot account.
- Demo account
- A practice broker account that uses simulated money.
- High-impact news
- An economic event that may move prices sharply.
- Favorites
- Symbols and timeframes the bot watches for reports and Auto mode.
- Quick picks
- Symbols shown first when you choose a symbol. The bot does not watch them.
- Allowance
- The analyses included in your plan for its current period.
- Extra analyses
- Packs bought or earned on top of your plan’s allowance. They never expire.