Glossary

A quick reference for trading terms and TradeTorq concepts used throughout this documentation.

Trading Terms

Ask / Bid

The Ask is the price at which you can buy (open a long position). The Bid is the price at which you can sell (open a short position). The difference between them is the spread.

Break Even (BE)

The price at which a trade would result in zero profit or loss. In TradeTorq, "SL → BE" moves your stop-loss to your entry price (adjusted for spread), effectively eliminating risk on the trade.

Drawdown

The decline from a peak equity value to a trough, measured in percentage or absolute value. TradeTorq's Equity Lock automation can close all positions if drawdown exceeds a threshold.

Entry Price

The price at which your trade was opened. This is the reference point for break-even calculations and many Command Key actions.

Equity

Your account balance plus or minus the unrealized profit/loss of all open positions. Equity fluctuates with the market.

Exposure

The total number of open lots across all positions. Measured per-account on the Command Center's Insight Cards.

Lot / Volume

The trade size in MetaTrader 5. One standard lot equals 100,000 units of the base currency. Common lot sizes:

Mark-to-Market P&L (MTM P&L)

The unrealized profit or loss of all open positions at current market prices. Displayed on the Command Center and used by the MTM P&L automation engine.

Pip

The smallest standard price movement for a currency pair. For most pairs, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01.

Position

An open trade in MT5. A position has a ticket number, symbol, direction (buy/sell), volume, entry price, and optionally a stop-loss and take-profit.

Risk-to-Reward Ratio (R:R)

The ratio of potential loss to potential gain on a trade. It equals the distance from entry to TP divided by the distance from entry to SL.

For example, if you risk 20 pips on your stop-loss and target 60 pips for take-profit, your R:R is 1:3.

Spread

The difference between the Ask and Bid price. This is the broker's commission on each trade. Tighter spreads mean lower trading costs.

Stop Loss (SL)

A price level that automatically closes your position to limit losses. Placed below entry for buy positions and above entry for sell positions.

Take Profit (TP)

A price level that automatically closes your position to lock in gains. Placed above entry for buy positions and below entry for sell positions.

TradeTorq Concepts

Auto BE (Auto Break Even)

An automation engine that automatically moves your stop-loss to break-even once a position reaches a specified profit level in pips.

Cloud Terminal

A MetaTrader 5 terminal running in TradeTorq's cloud infrastructure. It connects to your broker on your behalf, so you don't need to keep MT5 open on your computer.

Command Center

The main dashboard in TradeTorq where you view positions, insight cards, and execute Command Key actions. Think of it as your mission control for trade management.

Equity Lock

An automation engine that monitors your total account equity and closes all positions if the drawdown exceeds a configured percentage. Designed for capital protection and prop firm compliance.

Insight Cards

Four metric cards at the top of the Command Center showing Balance, Equity, MTM P&L, and Exposure in real time.

Ladder TP (Ladder Take Profit)

An automation engine that closes portions of a position at multiple take-profit levels. For example: close 30% at TP1, 30% at TP2, and 40% at TP3.

Command Keys

One-click trade management buttons organized in a color-coded grid. They let you modify or close positions instantly without navigating MT5 menus.

Master Account

Your MT5 trading account connected to TradeTorq. Called "master" because it's the primary account you manage through the platform.

MTM P&L Engine

An automation engine that sets portfolio-level profit targets and stop-losses. When the combined P&L of all open positions crosses a threshold, it can close everything.

Trail SL (Trailing Stop Loss)

An automation engine that follows price movement and progressively tightens your stop-loss. As price moves in your favor, the SL moves with it — but never moves backwards.

Subscription (Per-Account)

TradeTorq subscriptions are attached to individual MT5 accounts, not to your user account. Each MT5 account can have its own plan (Free, Lite, Pro, or Premium).