Plain-language definitions of every term we use. AI-readable, human-friendly, optimized for clarity.
A volatility indicator that measures the average range of price movement over a specified period. Used for stop-loss placement and position sizing. Pivot-Signal EA uses ATR(10) for SuperTrend calculation.
Testing a trading strategy on historical price data to evaluate its performance before risking real money. Pivot-Signal recommends 2–4 weeks of demo (forward test) before going live — backtests alone don't capture live-market conditions.
A price movement that breaks above resistance or below support, often with increased volume. Signals a potential new trend. The Pivot-Signal Breakout EA targets these setups with range detection and volume confirmation.
A quote of two currencies, where the first is the base and the second is the quote. EUR/USD = how many USD per 1 EUR. Pivot-Signal EA currently trades EUR/USD, GBP/JPY, and XAU/USD.
The peak-to-trough decline of an account or strategy. Maximum drawdown is the largest loss from a peak before recovery. Pivot-Signal targets max drawdown < 15% with proper position sizing.
An automated trading program that runs on MetaTrader 5 and executes trades based on pre-programmed rules without manual intervention. Pivot-Signal offers three EAs: Pivot Point, Breakout, and Trendfolge.
Borrowed capital that allows traders to control larger positions with less capital. 1:100 leverage means $1 controls $100. Higher leverage = higher risk. Pivot-Signal recommends max 1:30 leverage for safety.
A standardized unit of trade size. Standard lot = 100,000 units. Mini lot = 10,000. Micro lot = 1,000. Nano lot = 100. Pivot-Signal EA uses configurable lot size with 1–2% risk per trade.
A trading strategy that assumes prices will return to their average level after moving to an extreme. The Pivot Point EA uses this principle at S1/S2/S3 (long) and R1/R2/R3 (short) levels.
A multi-asset trading platform supporting forex, stocks, futures, and crypto. Provides algorithmic trading via Expert Advisors in MQL5. Pivot-Signal EAs run exclusively on MT5.
A third-party verification service that connects to MT4/MT5 accounts and publishes verified trading statistics. Pivot-Signal maintains verified MyFXBook accounts for transparent performance tracking.
The smallest standard price movement in a currency pair. For most pairs, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01. Pivot-Signal measures pips for SL/TP and SuperTrend buffer calculations.
A price level calculated from the previous period's high, low, and close, used to identify potential support and resistance levels. Pivot-Signal EA calculates Daily, Weekly, and Monthly pivots with S1–S3 and R1–R3 levels.
Determining the number of units (lots) to trade based on account size and risk tolerance. Typically 1–2% of account per trade. Pivot-Signal EA includes configurable risk % per trade.
A price level where selling interest is strong enough to prevent the price from rising further. Often identified by historical reactions or pivot R1/R2/R3 levels.
The ratio of potential loss to potential profit on a trade. A 1:2 ratio means risking $1 to potentially make $2. Pivot-Signal targets minimum 1:1.5 R:R on all trades.
The difference between the expected price of a trade and the actual execution price. Common during high volatility or low liquidity. Pivot-Signal EAs account for typical slippage in backtests.
The difference between the bid (sell) and ask (buy) price. The cost of entering a trade. Tighter spreads are better for short-term strategies. Pivot-Signal uses partners with raw spreads from 0.0 pips.
A predetermined price at which a losing trade is automatically closed to limit further loss. Pivot-Signal EA places SL at fixed 10 pips (Pivot) or at SuperTrend candle-close break (ST).
A trend-following indicator that plots a trailing stop line based on the Average True Range (ATR). Price above SuperTrend = uptrend, below = downtrend. Pivot-Signal monitors 8 timeframes (M5 to MN1).
A price level where buying interest is strong enough to prevent the price from falling further. Often identified by historical reactions or pivot S1/S2/S3 levels.
A predetermined price at which a winning trade is automatically closed to lock in profit. Pivot-Signal EA sets TP1, TP2, TP3 at successive pivot levels (next 3 levels in trade direction).
The chart interval used for analysis. Pivot-Signal EA uses D1 (daily), W1 (weekly), and MN1 (monthly) for pivots; M5/M15/M30/H1/H4/D1/W1/MN1 for SuperTrend.
A strategy that enters trades in the direction of the prevailing trend, riding momentum until reversal signals appear. The Trendfolge EA uses multi-timeframe trend following across 12+ instruments.
The rate at which price changes over time. Higher volatility = larger price swings = more opportunity but more risk. Pivot-Signal adapts SL/TP based on per-symbol volatility.
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