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Plain-language definitions for trading, MQL5, and ScripTrade terms. Hover any underlined term in a support article to see a quick tooltip.
A
Ask
Ask describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
ATR
ATR describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Stop loss = 1.5 × ATR(14) from entry price.
B
Backtesting
Backtesting describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Balance
Balance describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Deposit €1,000, close a winning trade for +€50 → balance becomes €1,050.
Bid
Bid describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Break even
Break even describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Move stop to entry once the trade is +20 pips in profit, then trail from +30.
Broker
Broker describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
C
Candlestick
Candlestick describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
D
Drawdown
Drawdown describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
E
EA
EA describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
An EA opens a long trade when EMA(50) crosses above EMA(200) and closes at a fixed take profit.
Equity
Equity describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
F
Forward testing
Forward testing describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Free margin
Free margin describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
G
Grid trading
Grid trading describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
H
Hedging
Hedging describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Buy 1 lot EURUSD and sell 0.5 lot EURUSD to partially hedge short-term volatility.
L
Leverage
Leverage describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Limit order
Limit order describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Long
Long describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Lot
Lot describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
EURUSD, 1 standard lot: each 1 pip movement ≈ $10.
M
Magic number
Magic number describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
magic_number = 123456 — set once in the EA inputs.
Margin
Margin describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Margin call
Margin call describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Martingale
Martingale describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
MetaTrader 4
MetaTrader 4 describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
MetaTrader 5
MetaTrader 5 describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Money management
Money management describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
MQL4
MQL4 describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
MQL5
MQL5 describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
N
Netting
Netting describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
O
OHLC
OHLC describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Optimization
Optimization describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
P
Pending order
Pending order describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Pip
Pip describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
EURUSD: 1.1050 → 1.1060 = 10 pips.
Position sizing
Position sizing describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
R
Risk:Reward ratio
Risk:Reward ratio describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
S
Scalping
Scalping describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Short
Short describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Slippage
Slippage describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Spread
Spread describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Stop Loss
Stop Loss describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Enter long at 1.1000, stop at 1.0960 = 40 pip risk.
Stop order
Stop order describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Strategy Tester
Strategy Tester describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Swing trading
Swing trading describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Symbol
Symbol describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
T
Take Profit
Take Profit describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Tick
Tick describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Timeframe
Timeframe describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Trailing stop
Trailing stop describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Trail 20 pips: price rises 30 pips → stop moves to entry +10 pips.
Trading session
Trading session describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
V
Volatility
Volatility describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
VPS
VPS describes an important part of automated trading. Define it clearly in your ScripTrade brief when it affects entries, exits, risk, sizing, or execution.
Common indicators (MT4 / MT5)
Moving Average (SMA / EMA)
Measures: Moving Average (SMA / EMA) measures market behaviour used in technical analysis.
Usage: Use Moving Average (SMA / EMA) as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Moving Average (SMA / EMA) should trigger or filter trades.
RSI (Relative Strength Index)
Measures: RSI (Relative Strength Index) measures market behaviour used in technical analysis.
Usage: Use RSI (Relative Strength Index) as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how RSI (Relative Strength Index) should trigger or filter trades.
MACD
Measures: MACD measures market behaviour used in technical analysis.
Usage: Use MACD as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how MACD should trigger or filter trades.
Bollinger Bands
Measures: Bollinger Bands measures market behaviour used in technical analysis.
Usage: Use Bollinger Bands as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Bollinger Bands should trigger or filter trades.
Stochastic Oscillator
Measures: Stochastic Oscillator measures market behaviour used in technical analysis.
Usage: Use Stochastic Oscillator as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Stochastic Oscillator should trigger or filter trades.
ATR (Average True Range)
Measures: ATR (Average True Range) measures market behaviour used in technical analysis.
Usage: Use ATR (Average True Range) as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how ATR (Average True Range) should trigger or filter trades.
ADX (Average Directional Index)
Measures: ADX (Average Directional Index) measures market behaviour used in technical analysis.
Usage: Use ADX (Average Directional Index) as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how ADX (Average Directional Index) should trigger or filter trades.
Ichimoku Kinkō Hyō
Measures: Ichimoku Kinkō Hyō measures market behaviour used in technical analysis.
Usage: Use Ichimoku Kinkō Hyō as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Ichimoku Kinkō Hyō should trigger or filter trades.
Parabolic SAR
Measures: Parabolic SAR measures market behaviour used in technical analysis.
Usage: Use Parabolic SAR as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Parabolic SAR should trigger or filter trades.
CCI (Commodity Channel Index)
Measures: CCI (Commodity Channel Index) measures market behaviour used in technical analysis.
Usage: Use CCI (Commodity Channel Index) as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how CCI (Commodity Channel Index) should trigger or filter trades.
Fibonacci Retracement
Measures: Fibonacci Retracement measures market behaviour used in technical analysis.
Usage: Use Fibonacci Retracement as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Fibonacci Retracement should trigger or filter trades.
Volume / OBV
Measures: Volume / OBV measures market behaviour used in technical analysis.
Usage: Use Volume / OBV as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Volume / OBV should trigger or filter trades.
Pivot Points
Measures: Pivot Points measures market behaviour used in technical analysis.
Usage: Use Pivot Points as an entry signal, exit signal, or confirmation filter when it matches your strategy logic.
ScripTrade hint: Describe exactly how Pivot Points should trigger or filter trades.
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