The terms bot sellers use, explained in plain language so you can tell what you are being sold.
The fall from a high point in an account to the next low point, shown as a percentage.
A strategy that increases the position size after every loss, hoping one win recovers everything.
Placing a series of orders at fixed price intervals, usually adding to a position as price moves against it.
A simulation of how a strategy would have performed on past price data.
Tuning a strategy so closely to past data that it stops working on new data. Also called overfitting.
Running a strategy in real time on new prices, after the rules are fixed.
The difference between the price you asked for and the price you actually got.
The gap between the buy price and the sell price, and a cost on every trade.
Total profit from winning trades divided by total loss from losing trades.
A program that trades automatically on the MetaTrader platform. The common name for a forex bot.
A rented remote computer that keeps a trading bot running around the clock.
An order that closes a trade automatically at a set loss.