A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Currencies abbreviations Arrows: Symbols (arrows, check signs, stop signs, price signs) that allow to select the most important points in the chart.
Absolute drawdown: The largest loss is lower than the initial deposit value.
Average profit trade: Average profit value for a trade (the sum of profits divided by the amount of profitable trades).
Average loss trade: Average loss value for a trade (the sum of losses divided by the amount of unprofitable trades).
Average consecutive wins: The average amount of profitable positions in consecutive profitable series.
Average consecutive losses: The average amount of unprofitable positions in consecutive unprofitable series.
Auto Arrange: Automatic arrangement of columns at changing of the window size.
Buy Limit: Buy provided the future "ASK" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase.
Buy Stop: Buy provided the future "ASK" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing.
Bar Chart: Display the chart as a sequence of bars. Execution of this command is the same as pressing of the button of the "Charts" toolbar or accelerating keys of Alt+1.
Chart: A chart or graph is a type of information graphic or graphic organizer that represents tabular numeric data and/or functions. Charts are often used to make it easier to understand large quantities of data and the relationship between different parts of the data. Charts can usually be read more quickly than the raw data that they come from. They are used in a wide variety of fields, and can be created by hand (often on graph paper) or by computer using a charting application.
Client Terminal: Client Terminal is generally set up in a special window that can be called by the "Tools — Settings" menu command or with accelerating keys Ctrl+O. All settings are grouped according to their tasks and located in the following tabs: server, charts, objects, trade, expert advisors, email, publisher, events.
Candlesticks: Display the chart as a sequence of "candlesticks". xecution of this command is the same as pressing of the button of the "Charts" toolbar or accelerating keys of Alt+2.
Custom Indicators: Custom indicator is a program independently developed in Meta Quotes Language 4 by the user and functioning as a technical indicator. Technical indicator is a mathematical transformation of security price and/or volume in order to forecast future price changes. The use of indicators allows answering the question about whether the current trend will remain the same and where it will turn. Indicators are intended for relative simplifying of the complicated process of trading decision making. Algorithms of indicators are also used for development of trading tactics and expert advisors.
Contract size: One-lot price in deposit currency.
Commission: Commissions charged by the brokerage company when trade operations are performed will be stored in this field;
Comments: comments on trade operations are stored in this column. A comment can be input only at opening of a position or placing an order. The comment cannot be changed when an order or a position are being modified. Besides, a comment to the trade operation can be input by the brokerage company.
Close Order: Close a trade position. This command becomes active only if the context menu has been called at an open position. The order managing window appears at this command, as well. This window displays not only "Sell" and "Buy" buttons, but also the "Close #XXXXXXX ..." button (where XXXXXXX is the position ticket number). Besides, having executed this command, one can close the selected positions together with the hedged ones. More details about closing of positions can be found in the corresponding section.
Commission: Commissions charged by the brokerage company at performing trade operations are written in this field.
Current Price: The current price of the security (not to be mixed up with that of position opening described above).
Digits: The amount of digits after decimal point in the price representation.
DLL: DLL (dynamic-links libraries). If it is enabled, such libraries can be used without any limitations. If this option is disabled, no expert can use external DLLs. It is recommended to disable import when working with unknown experts.
Data Window: This window is intended for displaying of price information (OHLC), date and time of the bar, and the indicators (including custom ones) used. "Data Window" is an information window and it does not allow performing any actions. The desired information about a certain bar and the imposed indicators can be obtained here promptly. To do so, it is sufficient to place the cursor over the necessary bar.
Expert Advisors Tab: Settings of working with Expert Advisors are grouped in this tab. Expert Advisors in the terminal are programs written in Meta Quotes Language 4 and allowing to analyze and trade in the automatic mode (auto trading). The description of how to create and use experts is given in the "Auto Trading" section.
Expected payoff: The expected payoff. This statistically calculated index represents the average profit/loss factor of a trade. It can also be considered for representing the expected profit/loss factor of the next trade.
Execution on Request: In this mode, the market order is executed at the price previously received from the broker. Prices for a certain market order are requested from the broker before the order is sent. After the prices have income, order execution at the given price can be either confirmed or rejected.
Execution by Market: In this order execution mode, broker makes a decision about the order execution price without any additional discussion with the trader. Sending of the order in such a mode means advance consent to its execution at this price.
Expert Advisors: Expert Advisors (experts) are programs in the terminal that have been developed in Meta Quotes Language 4 (MQL 4) and used for automation of analytical and trading processes. They allow performing prompt technical analysis of price data and managing trading activities on basis of signals received. The entire routine work of technical analysis and trading can be given to experts. An expert can perform analytical and trading operations for any symbols or periods independent on whether the corresponding chart was opened or not.
Foreground Chart: Put the chart as a "foreground". If this function is enabled, all analytical objects (technical indicators and graphical objects) will be placed "behind the chart", not over it.
Grid: Show/hide grid to separate columns.
Gross profit: The sum of all profitable trades in terms of money.
Gross loss: The sum of all unprofitable trades in terms of money.
Indicators List: Call window managing indicators imposed in the active chart. The full list of indicators imposed (including Custom Indicators) is given in the window appeared. Having selected an indicator, one can change its settings or remove it from the chart.
The same action can be performed by the chart context menu command of the same name or by accelerating keys of Ctrl+I.
Instant Execution: In this mode, the order is executed at the price offered to the broker. At sending the order to be executed, terminal sets the current prices in the order. If broker accepts the prices, the order will be executed. If not, the so-called "Requote" will occur: Broker returns prices at which the order can be executed.
Initial deposit: The volume of the initial deposit.
Line Chart: Display the chart as a broken line connecting close prices of bars.
Execution of this command is the same as pressing of the button of the "Charts" toolbar or accelerating keys of Alt+3.
Lots: The amount of lots participating in operation. The minimum amount of lots to participate in operations is defined by the brokerage company, and the maximum is limited by the deposit size.
Long positions (won %): The amount of long positions and percentage of won thereof.
Loss trades (% of total): The amount of unprofitable trade positions and their percentage in the total trades.
Largest profit trade: The largest profit among all profitable positions.
Largest loss trade: The largest loss among all unprofitable positions.
Line Studies: Line studies are lines and various geometrical shapes that can be imposed into a price or indicator chart. They include support/resistance lines, trend lines, as well as Fibonacci’s, Gann's, and Andrews' tools, etc.
Line studies are collected in the "Insert" menu and in the "Line Studies" toolbar in terminal. To impose an object, one has to press the corresponding toolbar button (the buttons are given in the leftmost column of the table) or execute a menu command.
Market Watch Window: The securities (symbols) for which the Client Terminal gets quotes from the server are listed in the "Market Watch" window. The data are represented in this window as a table having several fields. The "Symbol" field contains the security name; the fields of "Bid", "Ask", and "Time" show the corresponding prices and time of their income from the server. Values of the "Maximum" and "Minimum" fields are calculated on basis of price changes within a day. The "Market Watch" window can be opened/closed by pressing of accelerating keys of Ctrl+M, by the "View — Market Watch" menu command, or by pressing of the button of the "Standard" toolbar.
Modify or Delete Order: Change the "Stop Loss" and "Take Profit" values of open positions or the pending order price. If the Stop Loss and Take Profit levels specified are too close to the current price, the error message will appear, and the levels will not be placed. Their values must be changed to be not so close to the current price, and then they can be placed again. More details about modifying of orders can be found in the section of the same name.
Maximal drawdown (%): Maximal loss of the local maximum in the deposit currency and in percents of the deposit.
Maximum consecutive wins (profit in money): The longest series of profitable trade positions and the sum of their wins.
Maximum consecutive losses (loss in money): The longest series of unprofitable trade positions and the sum of their losses.
Maximal consecutive profit (count of wins): The maximum profit of a series of profitable trades and the amount of profitable trades corresponding with it.
Maximal consecutive loss (count of losses): The maximum loss of a series of unprofitable trades and the amount of unprofitable trades corresponding with it.
Market Order: Market order is a commitment to the brokerage company to buy or sell a security at the current price. Execution of this order results in opening of a trade position. Securities are bought at ASK price and sold at BID price. Stop Loss and Take Profit orders (described below) can be attached to a market order. Execution mode of market orders depends on security traded.
Margin calculation mode: Accepted free margin calculation technique (Forex, CFD, Futures).
Margin hedge: Size of margin for hedged positions.
New Order: a new order. The orders managing window will appear at this command. A new position can be opened and a pending order can be placed in it. At that, the following must be specified: the security, amount of lots, order type (market order or a pending one), as well as Stop Loss and Take Profit order levels. More details about placing of orders can be found in the "Control over Trade Positions" section.
Navigator Window: This window allows getting a quick access to various features of the terminal. This window can be opened/closed by pressing accelerating keys of Ctrl+N, by the "View — Navigator" menu command, or by pressing of the button of the "Standard" toolbar.
The list of features is listed as a tree and contains five groups: "Accounts", "Indicators", "Expert Advisors", "Custom Indicators", and "Scripts". The "Accounts" group includes the list of open accounts. Using a context menu, one can open a new demo account or delete the old one. An unlimited amount of demo accounts can be opened from the terminal. To do so, one has to execute the "Open an Account" context menu command or press the Insert button. More details about opening of accounts can be found in the corresponding section. To authorize an existing account (whether a demo or a real one), one has to execute the "Login" command or double-click with the left mouse button on the desired account line.
Navigator: Open/Close the "Navigator" window. Lists of open accounts, technical indicators, experts, custom indicators and scripts are located in the form of tree in this window. The same action can be performed with accelerating buttons of Ctrl+N or by the button of the "Standard" toolbar.
OHLC Line: Charts show the price dynamics, but it is often very difficult to determine exact parameters of the bar by eye. The "Show OHLC" option is very helpful in such situations. It places an additional information line in the upper left corner of each chart. Here, besides the symbol name and chart period, prices of the last bar are listed. They are formatted as follows: OPEN, HIGH, LOW and CLOSE (OHLC) — open price of the bar, the highest price of the bar, the lowest price of the bar, and close price of the bar, respectively. Thus, the exact value of the last bar can always be seen.
Objects: Call sub-menu managing imposed objects.
Order: Operation ticket number. It is the unique number of a trade operation.
Periodicity: Choose the chart timeframe. After this command has been executed, a sub-menu will appear where the active chart timeframe can be selected. The chart timeframe can also be changed with help of the "Periodicity" toolbar. Pending Order: Pending order is the client's commitment to the brokerage company to buy or sell a security at a pre-defined price in the future. This type of orders is used for opening of a trade position provided the future quotes reach the pre-defined level. Pending are good till cancel: Forced closing of pending orders at the end of a session. "Yes" means that pending orders will not be closed forcedly. Profit calculation mode: Accepted profit calculation technique (Forex, CFD, Futures).
Profit factor: The ratio between gross profit and gross loss in per cents. The one value means that profit equals to loss. Profit trades (% of total): The amount of profitable trade positions and their percentage in the total trades.
Price of position opening: This is the price at which the position was opened.
Price of position closing: This is the price at which the position was closed. Profit: The financial result of transaction will be written in this field. Positive number means that the transaction was profitable, and the negative one does vice versa. The profit is shown only in the deposit currency here; unlike it is in the field of the same name in the "Trade" tab.
Swap: Charging of swaps is stored in this cell.
Symbol: This field displays the name of the security participating in the trade operation.
S/L: The placed Stop Loss order level. If the order has not been placed, a zero value will be written in this field.
Swap: The swaps charged are stored in this field.
Symbol: This field shows the name of the security participated in the operation.
S/L: Level of the Stop Loss order placed. If a trade position was closed by this order, its corresponding cell will be colored in red, and "[s/l]" will appear in the field of comments. If no order was placed, zero value will appear in this field. On the other hand, if the order was placed, but did not trigger, its value will still be shown in this field. At that, the cell will not be colored, and no "[s/l]" will be output in the field of comments. More details about working with orders are given in the corresponding section.
Short positions (won %): The amount of short positions and percentage of won thereof.
Swap type: Rollover calculation type (in points, in deposit currency, or in per cents).
Swap long: Rollover size for a long position.
Swap short: rollover size for a short position.
Scripts: Script is a program written in Meta Quotes Language 4 (MQL 4) and intended for a single performing of any actions. A script can fulfill both analytical and trading functions. Unlike experts, scripts are executed on request, not by ticks. In other words, where an expert works almost continuously, a script, having completed the function once, stops functioning by itself.
Spread: Difference between Bid and Ask prices in points.
Stops level: Minimum distance to the current price in points at which Stop Loss and Take Profit orders can be placed.
Strategy Testing: The terminal allows not only write expert advisors, but also test them before using. This useful function allows checking operativeness and efficiency of the trading system on history data. Testing allows starting automated trading with the full knowledge about expert conduct under different market conditions. The special "Tester" window was built into the terminal for this purpose. Using this window, one can optimize expert inputs, as well.
Sell Limit: sell provided the future "BID" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall.
Sell Stop: Sell provided the future "BID" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.
Stop Loss: This order is used for minimizing of losses if the security price has started to move in an unprofitable direction. If the security price reaches this level, the position will be closed automatically. Such orders are always connected to an open position or a pending order. The brokerage company can place them only together with a market or a pending order. Terminal checks long positions with BID price for meeting of this order provisions, and it does with ASK price for short positions.
Strategy Tester: Open/Close the "Tester" window. This window is intended for testing and optimization of expert advisors.
The same action can be performed with acceleration keys of Ctrl+R or the button of the "Standard" toolbar.
Shapes: Geometrical figures (rectangle, triangle, ellipse) that allow selecting various areas in the chart.
Terminal: Open/Close the "Terminal" window. One can manage orders and signals in this window, look through the account history, news, emails, journal of events and that of expert advisors.
The same action can be performed with accelerating buttons of Ctrl+T or by the button of the "Standard" toolbar.
Text: Texts intended for adding of comments to the chart. They are anchored to the chart and move together with the chart when it is scrolled.
Text Label: Texts intended for adding of comments and anchored to the window coordinates, not to the chart. At the chart scrolling, the text label will not move.
Template: Call the template managing sub-menu. From this sub-menu, one can impose any template into the active chart. Moreover, a new template can be stored based on the active chart, or an existing one can be deleted.
Technical Indicators: Technical indicator is a mathematical manipulation of a security price and/or volumes aimed at forecasting of future price changes. Decisions about how and when to open or close positions can be made on basis of signals from technical indicators. According to their functionalities, indicators can be divided into two groups: trend indicators and oscillators. Trend indicators help to assess the price direction and detect the turn moments synchronously or with a delay. Oscillators allow to find the turning moments ahead or synchronously.
To automate Stop Loss order following the price, one can use Trailing Stop.
Take Profit: Take Profit order is intended for gaining the profit when the security price has reached a certain level. Execution of this order results in closing of the position. It is always connected to an open position or a pending order. The order can be requested only together with a market or a pending order. Terminal checks long positions with BID price for meeting of this order provisions, and it does with ASK price for short positions.
Trailing stop: Trailing Stop is always attached to an open position and works in client terminal, not at the server like Stop Loss, for example. To set the trailing stop, one has to execute the open position context menu command of the same name in the "Terminal" window. Then one has to select the desirable value of distance between the Stop Loss level and the current price in the list opened. Only one trailing stop can be set for each open position.
Tick price: The size of minimal price change in quote currency.
Tick size: Minimal symbol price change interval in points.
Tester Window: "Tester" is a multifunctional window that allows to test strategies and optimize parameters of expert advisors. When being tested, the expert is passed on the modeled data one time what allows to estimate its profitability and effectiveness. For optimization purposes, the mechanical trading system is passed many times in order to find out such parameters of the expert at which its profitability is the highest.
Total net profit: Financial result of all trades. This index represents a difference between the "Gross profit" and "Gross loss".
Total trades: The total amount of trade positions.
Time: Time of position opening. It is given in YYYY.MM.DD HH:MM (year.month.day hour: minute) format. This is the time when the position was opened.
Type: Trade operation type. Only three types of trade operations can be found here: "Balance" — entering of funds in the account, "Buy" — a long position, and "Sell" — a short position.
T/P: Level of the Take Profit order placed. If a trade position was closed by this order, its corresponding cell will be colored in green, and "[t/p]" will appear in the field of comments. If no order was placed, zero value will appear in this field. On the other hand, if the an order was placed, but did not trigger, its value will still be shown in this field. At that, the cell will not be colored, and no "[t/p]" will be output in the field of comments. More details about working with orders are given in the corresponding section.
Time: Time of position closing. It is given in YYYY.MM.DD HH:MM (year.month.day hour: minute) format. This is the time when the position was closed.
Trailing Stop: Place, modify, or delete the "Trailing Stop" level. Having selected the corresponding level in the menu, one can activate the trailing stop with the given parameter. The "None" value is used for disabling of the order. "Delete All" — disable all trailing stops. More details about trailing stops are given in the "Trailing Stop" section.
AUD: Australian dollar
CAD: Canadian Dollar
DKK: Danish Krone
CHF: Confoederatio Helvetica franc (Swiss franc)
EUR: European Union
GBP: Great British pound
JPY: Japanese yen
NOK: Norway Krone
NZD: New Zealand Dollar
SEK: Swedish Krone
USD: United State Dollar
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