Glossary

Algo Trade - Live deployment: your strategy places real orders through your connected broker. See Algo Trade.

ATM / ITM / OTM - At/In/Out of The Money: how far an option's strike is from the current price. ATM ≈ at the current price; ITM has intrinsic value; OTM doesn't.

Auto SquareOff - Auto Square off complete strategy in case of Margin Error.

Candle / Candlestick - One bar of price data for an interval (e.g., one 5 minute candle), recording Open, High, Low, Close (OHLC).

Canvas - The visual strategy builder where your logic lives as connected nodes. See Building on the Canvas.

CE / PE - Call option / Put option

Combined Premium - The summed premium of multiple option legs (e.g., a straddle's CE + PE), usable as the chart your indicators run on.

Crosses Above / Crosses Below - A comparison that's true only on the candle where one value moves from below to above the other (or vice versa) fires once per crossover, unlike Greater/Less Than.

Drawdown (Max Drawdown) - The largest peak to trough decline in cumulative P&L; the worst losing stretch.

DTE - Days To Expiry of an option contract.

Entry / Exit Condition - The logic that opens / closes a position when it becomes true.

Expiry - The date an option or futures contract ceases to exist. Selectable as Weekly, Next Weekly, Monthly, Next Monthly.

Forward Test - Paper trading: the strategy runs on live data but trades are simulated. See Forward Test.

Heikin Ashi - A smoothed candle type that filters noise, selectable as Candle Type in indicator parameters.

Instance - One running deployment of a saved signal (in Forward Test or Algo Trade).

Leg - A single option/futures position inside a trade (e.g., "sell 1 lot ATM CE"). Trades can have multiple legs.

Listening - The state of a deployed signal that is actively monitoring live data for your conditions. See How Signals Work.

Node - A building block on the Canvas: Comparison, Logical, Time, or Boolean.

Offset - Indicator parameter that reads the value from N candles ago (0 = current candle, 1 = previous).

Perpetual Future - A crypto futures contract with no expiry (BTCUSD/ETHUSD on Delta Exchange).

Premium - The market price of an option.

Rolling / Fixed strike - Strike selection timing: Rolling keeps switching to whichever strike matches your criteria; Fixed locks one strike per day at a set time.

Signal - An entry or exit trigger generated when your conditions become true.

Slippage - The difference between the expected fill price and the actual fill price of a live order.

Spot - The underlying cash price of an index/stock.

Strike - The price at which an option can be exercised.

Synthetic Future - A futures like price series derived from CE/PE option combinations.

Timeframe - The candle interval an indicator is calculated on (1m, 5m, 15m, 1H…).

Win rate - Percentage of trades that closed profitable.