Algorithmic & Prop Trading Glossary
Clear, math-backed definitions of quantitative risk metrics, MetaTrader algorithmic parameters, and prop firm evaluation rules.
Pip Value
The monetary gain or loss generated by a one-pip price movement for a specified lot volume in a currency pair or commodity.
Slippage
The difference between the expected execution price of an order and the actual price at which the order is filled by the broker.
Forex Leverage
The ratio of borrowed funds provided by a broker that enables a trader to control larger market positions with a smaller upfront deposit.
Average Daily Range (ADR)
The average number of pips or price distance an asset moves between its daily high and daily low over a specified period (e.g. 14 or 20 days).
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