Glossary

TTMT Terminology

Breakeven Buffer

The number of pips added above (for BUY) or below (for SELL) the entry price when the stop loss is moved to breakeven. This small buffer protects against being stopped out by spread fluctuations. Default is 2 pips.

Channel Assignment

The link between a signal channel and a MetaTrader account. Assignments control which accounts execute signals from which channels. Each assignment can be independently activated or paused. The assignment status determines whether a channel's signals are executed on a given account.

Automatic Safety Pause

A safety mechanism that temporarily halts trade execution after repeated failures. Activates after several consecutive failures. Automatically resets after a 30-second cooldown and 2 consecutive successful trades. Each MetaTrader account has its own independent safety pause.

Config Profile

A reusable set of trading settings that can be assigned to specific channels. Profiles override your account defaults, allowing different strategies per channel. Settings can be inherited from account defaults, explicitly overridden, or explicitly disabled.

Entry Zone

The price range where TTMT places its layered limit orders. For a BUY signal with price at 1.0000 and a 10-pip zone, TTMT places orders between 1.0000 and 0.9990. The zone size is configurable as a percentage of the stop loss distance.

Entry Strategy

How TTMT places its orders. Four options: Market Only (Layer 1 only, immediate), Layered (all 4 layers, default), Zone Entry (uses signal's entry zone), Limit Only (Layers 2-4, no immediate market execution).

Execution Mode

Controls how TTMT handles different signal types from a channel:

• Complete Only: Only executes signals that contain Entry + SL + at least one TP.
• Execute on Alert: Executes immediately on an alert signal, then applies follow-up details as modifications.

Kill Switch

An emergency control that immediately closes all open positions. Two scopes: close all positions (including manual trades) or close only TTMT-managed positions.

Layer

A specific price level within the entry zone. TTMT uses 4 layers:

• Layer 1: Market order at current price (30% volume).
• Layer 2: Limit order at 66% of the entry zone (20% volume).
• Layer 3: Limit order at 33% of the entry zone (20% volume).
• Layer 4: Limit order at the entry zone extreme (30% volume).

Override

When a setting is explicitly changed from its inherited default. In Config Profiles, each setting can be inherited, overridden with a custom value, or explicitly disabled. Also refers to when a user manually changes SL/TP on their broker platform.

Redistribution (TP Redistribution)

The process where TTMT dynamically adjusts take profit targets when deeper layers fill during a price retracement. Layer 1 orders lock to TP1 (safety net), and deeper layers shift their TPs closer to secure profit earlier.

Runner

The last sub-order in a trade that has its take profit removed (set to open). Instead of closing at a fixed level, it rides the trend indefinitely, protected only by breakeven or trailing stop. Enabled via Settings > Trading > Take Profit.

Signal Pattern

A classification for how a channel sends its signals:

• Complete Signals: Channel sends full signals with all details in one message.
• Alert Then Details: Channel sends an alert first, then details in a follow-up.
• Alerts Only: Channel only sends directional alerts without full details.

TP Strategy

How trading volume is distributed across take profit levels:

• Progressive (default): Front-loaded, secures profit early -- TP1 gets the most volume.
• Balanced: Equal distribution across all TPs.
• Extended: Back-loaded, chases trends -- the final TP gets the most volume.

Two-Phase Signal

A signal that arrives in two parts: an initial alert ("Prepare to buy XAUUSD...") followed by a confirmation with details ("Execute NOW!" with entry, SL, TP). TTMT waits for the second message before executing when in Complete Only mode, or executes on the first message and modifies on the second in Execute on Alert mode.

General Trading Terms

Balance

The total amount of money in your trading account, not counting unrealized profit or loss from open positions.

Drawdown

The decline from a peak in your account equity to a subsequent low point. Measured as a percentage. Prop firms typically set maximum drawdown limits (e.g., 5% daily, 10% total).

Equity

Your account balance plus or minus the unrealized profit/loss of all open positions. Equity fluctuates in real time as prices change.

Free Margin

The amount of equity available to open new positions. Calculated as Equity minus Used Margin. If free margin reaches zero, no new trades can be placed.

Leverage

Using borrowed capital to increase position size. Expressed as a ratio (e.g., 1:100 means $1 of your money controls $100 worth of assets). Higher leverage amplifies both gains and losses.

Lot Size

The volume of a trade, measured in lots:

• Standard Lot (1.00): 100,000 units of the base currency.
• Mini Lot (0.10): 10,000 units.
• Micro Lot (0.01): 1,000 units.

Magic Number

A unique integer identifier assigned to every automated trade. TTMT uses magic numbers to distinguish its trades from manual trades placed on the same account.

Margin

The amount of money required to maintain an open position. Determined by position size and leverage. If your margin level drops too low, the broker may issue a margin call or close positions.

Pip

The smallest standard price movement for a currency pair. For most forex pairs, 1 pip = 0.0001 (the fourth decimal place). For JPY pairs, 1 pip = 0.01 (the second decimal place).

Slippage

The difference between the expected execution price and the actual price at which the trade fills. Occurs during high volatility or low liquidity. Can be positive (better price) or negative (worse price).

Spread

The difference between the Bid (sell) price and Ask (buy) price. This is the broker's cost for executing the trade. Tighter spreads mean lower costs.

Stop Loss (SL)

A predetermined price level at which a losing trade is automatically closed to limit losses. TTMT always sets SL on every trade, using either the signal's value or your configured default.

Take Profit (TP)

A predetermined price level at which a winning trade is automatically closed to lock in profit. TTMT supports up to 6 TP levels (TP1 through TP6), with volume distributed across them according to your TP Strategy.