Glossary

TTMT Terminology

Entry Zone

The price range calculated by TTMT where it places Limit Orders.

• Example: If price is 1.0000 and the zone is 10 pips, TTMT places orders between 1.0000 and 0.9990.

Layer

A specific price level within the Entry Zone.

• Layer 1: Market Order (Immediate).
• Layer 2: Limit Order at 66% of the zone.
• Layer 3: Limit Order at 33% of the zone.
• Layer 4: Limit Order at 0% (Extreme) of the zone.

Redistribution (TP Redistribution)

The automated process where TTMT adjusts the Take Profit targets of your open positions to secure profit earlier when a trade goes against you (drawdown) and then recovers.

Two-Phase Signal

A signal that comes in two parts.

1. Pending: "Prepare to buy XAUUSD..."
2. Confirmation: "Execute NOW!" TTMT waits for the second message before executing.

Override

When a user manually changes a Stop Loss or Take Profit on their phone, overriding the bot's calculated values.

General Trading Terms

Drawdown

The difference between a peak in your equity and the current low. A measure of downside volatility.

Leverage

Using borrowed capital to increase the potential return of an investment.

• Example: 1:500 leverage means for every $1 you have, you can control $500 worth of assets.

Lot Size

The volume of a trade.

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

Magic Number

A unique identifier assigned to every automated trade. This allows TTMT to distinguish its trades from your manual trades.

Slippage

The difference between the expected price of a trade and the price at which the trade is executed. Occurs during high volatility.

Spread

The difference between the Bid (Sell) and Ask (Buy) price. This is the cost of the trade charged by the broker.