Algorithmic & Prop Trading Glossary
Clear, math-backed definitions of quantitative risk metrics, MetaTrader algorithmic parameters, and prop firm evaluation rules.
Smart Money Concepts (SMC)
An institutional price action framework focused on liquidity pools, order blocks, break of structure (BOS), and fair value gaps (FVG) used by major banks.
Order Blocks (OB)
The specific candlestick or price consolidation zone where institutional market makers accumulated or distributed large volume prior to an aggressive displacement move.
Fair Value Gap (FVG)
A three-candle price imbalance where rapid buying or selling leaves a price inefficiency that the market algorithmically tends to rebalance.
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