Trading and platform glossary

Strategies and execution#

Term	Meaning
Algorithm / strategy	Saved rules and configuration for evaluating and executing trades
Session	One run of an algorithm
Signal	An event or condition produced by strategy rules
Order	A request to execute a trade
Fill	Confirmed execution of all or part of an order
Position	Current exposure resulting from executions
Square-off	An offsetting execution intended to close exposure
Reconciliation	Comparing recorded activity with authoritative execution records
Paper	Simulated execution
Live	Execution through an eligible connected broker

Market and contracts#

Term	Meaning
Underlying	Asset or index associated with the strategy or derivative
Expiry	Date on which a derivative contract expires
Strike	An option contract's specified exercise price
Premium	Price of an option
Lot	Contract-defined group of units
Margin	Funds or collateral required for a position under applicable broker rules
Slippage	Difference between an expected and actual execution price
Liquidity	Availability of trading interest at relevant prices

Indicators and controls#

Term	Meaning
EMA	Exponential moving average
SMA	Simple moving average
ATR	Average true range, a volatility measure
RSI	Relative strength index
Timeframe	Interval represented by each candle
Warm-up	Historical data needed before an indicator can produce valid values
Crossover	A change in relative position across a threshold or another series
Trailing stop	A stop control that adjusts with favorable movement under its configured rules

Results#

Realized P&L relates to closed exposure. Unrealized P&L values exposure still open. Gross results exclude some or all costs; net results account for the costs specified by the report.

Drawdown measures a decline from a previous peak in the relevant value series. Always check the report's period and scope.