# Trading Glossary An alphabetic reference of trading-domain terms used across Traderton. For generic agent-platform terms (Agent, Connection, Credential, …), see the host platform's glossary. ## Agent Mode Purity Your agent's goal text and your explicit constraints determine how your agent trades. The platform won't add hidden restrictions you didn't ask for. System-level rules (execution mode, slippage, retries) are always enforced. ## Approval A trade proposal that is waiting for your review before execution. When your agent's Trade Authorization is set to **Approval required**, each trade decision becomes an approval you must explicitly approve or reject. Approvals expire after a configurable time window. ## Approval Code A 6-character short code (e.g. `26B8D`) that identifies a specific pending approval. Use it with Telegram slash commands (`/yes 26B8D`, `/no 26B8D`) or the web Approvals panel. ## Authorization Mode Controls whether your agent's trade decisions execute immediately or wait for your approval. Two modes: **Direct** (immediate execution) and **Approval required** (each trade waits for user approval). Set when creating or editing a trading-capable agent. ## Blueprint The configuration that defines a bot — which strategy, which exchange account, which asset, risk limits, and execution mode. Blueprints are versioned and stable. ## Bot An automated trading strategy. Bots follow a blueprint to trade on your behalf. Unlike agents, bots generally do not use AI — they follow predefined, rule-based strategies. ## Bot Run One start-to-stop execution cycle of a bot. Records when it ran, which blueprint version it used, and how it ended. ## BPS (Basis Point) One-hundredth of a percent (0.01%). 100 BPS = 1%. Used for slippage, fees, and thresholds throughout the platform. ## dailyLossLimit A hard cap on how much your agent can lose in a rolling 24-hour window. Set in USD (or your account's base currency). If you don't set one, the platform applies a default limit based on a percentage of your capital. ## Decision A proposal to change your exposure on an asset. Decisions are sent from agents or bots to the platform, which validates and executes them. The platform has the final say — a decision is a request, not a guarantee. ## Execution Mode How your trades reach the market: - **Test** — Simulated trading. Tracks real market data but does not place real orders. No real money at risk. - **Live** — Real orders on real exchanges. Real capital at risk. ## globalMaxDrawdownPct A platform-wide drawdown limit as a percentage. Applies to trading done outside of agents. ## maxDrawdown Absolute dollar ceiling on how far your equity can fall from its peak. For agents, the percentage-based `maxDrawdownPct` is used instead. ## maxDrawdownPct A hard cap on peak-to-current equity drawdown as a percentage. If your equity falls this far below its peak, trading stops. You set this on your agent; if you don't, the platform applies a default. ## maxOpenPositions The maximum number of positions your agent can hold at once. Agents can lower this at runtime but can't exceed the platform's absolute maximum. ## Platform Safety Alert A critical notification from the platform itself — not from your agent. Delivered for events like crashes, forced stops, or position mismatches with the exchange. Always on; you can't opt out. ## Reconciliation The process of comparing what the platform thinks your positions are against what the exchange says they are. If there's a mismatch beyond acceptable limits, trading may be blocked until it's resolved. ## Skill Preset A bundled set of trading capabilities for an agent. Determines which trading tools your agent can use. Examples: `trading`, `direct-trading`, `trading-assistant`. ## Slippage The difference between the price you expected and the price you got. The platform simulates realistic slippage in test mode. ## stopLossCooldownMs How long your agent must wait after a stop-loss exit before it can re-enter a position. Default: 5 minutes. ## Strategic Intent What your agent wants to achieve — the desired final exposure, not a specific order. The platform figures out how to get there. ## Strategy Preset A bundled configuration for a bot blueprint — default strategy parameters, risk limits, and execution settings. Examples: `momentum`, `dca`, `range`. ## targetSize The desired final position size for an asset. This is the end goal, not the size of the next order. The platform plans the steps to reach it. ## Tick One iteration of your agent's thinking cycle. On each tick, the agent reads context, may use tools, and may submit decisions. Tick speed depends on your agent's style. ## Trading Instance The system that powers a bot behind the scenes. Handles planning, risk checks, execution, and state tracking. Users interact with bots; the platform runs trading instances. ## Venue Account Your connection to a specific exchange (e.g. a Hyperliquid API key, a Solana wallet). Each bot blueprint references one venue account. --- **See also:** - [Crypto Ecosystem](./crypto-ecosystem.md) — Overview of blockchains, exchanges, and aggregators. - [Crypto Ecosystem: Aspects](./crypto-ecosystem-aspects.md) — Deeper breakdown of each category. - [Trading Venues](./trading-venues/index.md) — Traderton's supported venues.