Advanced Technical Terms – Help Center of bitcastleFX

Average consecutive losses	The average number of losing trades in losing series.
Average consecutive wins	The average number of winning trades in profitable series;
Average loss trade	The average loss value per a trade (the total of losses divided by the number of losing trades).
Average profit trade	The average profit value per a trade (the total of profits divided by the number of winning trades).
Average position holding time	The average time between opening a position and closing it completely during testing.
Average Weighted Price	The weighted average price for a session;
Balance Drawdown Absolute	Difference between the initial deposit and the minimal level below initial deposit throughout the whole history of the account.
Balance Drawdown Maximal	Difference in deposit currency between the highest local balance value and the next lowest account balance value.
Balance Drawdown Relative	Difference in percentage terms between the highest local balance value and the next lowest account balance value.
Basis	The name of the underlying asset for the custom symbol. For example, gold is the underlying asset for futures contracts.
Bear Backspread	Buy a put option with a lower strike and sell a call option with a higher strike.
Bear Call Spread	Sell a call option with a lower strike and buy a call option with a higher strike.
Bear Put Spread	Sell a put option with a lower strike and buy a put option with a higher strike.
Bears Power/Bull Powers	Everyday trading represents a battle of buyers ("Bulls") pushing prices up and sellers ("Bears") pushing prices down. Depending on what party scores off, the day will end with a price that is higher or lower than that of the previous day. Intermediate results, first of all the highest and lowest price, allow to judge about how the battle was developing during the day. It is very important to be able to estimate the Bears Power balance since changes in this balance initially signalize about possible trend reversal. This task can be solved using the Bears Power oscillator developed by Alexander Elder and and described in his book titled Trading for a Living.
Bull Backspread	Sell a put option with a lower strike and buy a call option with a higher strike.
Bull Call Spread	Buy a call option with a lower strike and sell a call option with a higher strike.
Bull Put Spread	Buy a put option with a lower strike and sell a put option with a higher strike.
Calculate hedged margin using larger leg	This mode is only used on hedging accounts, where opposite positions of the same symbol can exist simultaneously. Symbol margin can be calculated using the margin of a short side (all sell positions and pending orders) and of a long side (all buy positions and sending orders). The largest one of the calculated values is used as the final margin value.
Call Ratio Backspread	Sell one call option with a lower strike and buy two call options with higher strikes
Call Ratio Spread	Buy one call option with a lower strike and sell two call options with higher strikes.
Condor Ratio	Sell two put options with a lower strike. Buy one put option with a higher strike. Buy one call option with an even higher strike. Sell two call options with an even higher strike.
Good till canceled	Pending orders are preserved for the next trading day.
Good till today excluding SL/TP	Only pending orders are deleted at the end of a trading day, while Stop Loss and Take Profit levels are preserved.
Good till today including SL/TP	Orders that are valid only during one trading day. With the end of the day, all of the Stop Loss and Take Profit levels, as well as pending orders are deleted.
Long Call Condor	Buy one call option with a lower strike. Sell one call option with a higher strike. Sell one call option with an even higher strike. Buy one call option with an even higher strike.
Long Call Butterfly	Buy one call option with a lower strike. Sell two call options with a higher strike. Buy one call option with an even higher strike
Long Put Butterfly	Buy one put option with a lower strike. Sell two put options with a higher strike. Buy one put option with an even higher strike.
Long Put Condor	Buy one put option with a lower strike. Sell one put option with a higher strike. Sell one put option with an even higher strike. Buy one put option with an even higher strike.
Long Straddle	Buy call and put options with equal strikes.
Long Strangle	Buy a put option with a lower strike and buy a call option with a higher strike.
Maximal consecutive loss	The maximum loss of a series of losing trades and the amount of losing trades in this series;
Maximal position holding time	A maximum amount of time between opening a position and closing it completely.
Maximal consecutive profit	The maximum profit of a series of profitable trades and the amount of profitable trades in this series.
Maximum consecutive wins	The longest series of winning trades and their total profit;
Minimal position holding time	A minimum amount of time between opening a position and closing it completely. Complete closing of a position is its full elimination; the calculated value does not take into account partial closing or position reversal.
Put Ratio Backspread	Buy two put options with a lower strike and sell one put option with a higher strike.
Saucer	The only signal to buy that comes when the bar chart is higher than the zero line
Short Call Butterfly	Sell one call option with a lower strike. Buy two call options with a higher strike. Sell one call option with an even higher strike.
Short Put Butterfly	Sell one put option with a lower strike. Buy two put options with a higher strike. Sell one put option with an even higher strike.
Short Put Condor	Sell one put option with a lower strike. Buy one put option with a higher strike. Buy one put option with an even higher strike. Sell one put option with an even higher strike.
Short Straddle	Sell call and put options with equal strikes.
Short Strangle	Sell a put option with a lower strike and sell a call option with a higher strike.
Synthetic Long Futures	Buy a call option and sell a put option with equal strikes.
Synthetic Short Futures	Buy a put option and sell a call option with equal strikes.
Theo CALL/PUT	The theoretical value of the option
Times & Sales	The Time & Sales feature provides the price and time of every trade executed on the exchange. Information on every trade includes the time when the trade was executed, its direction (buying or selling), as well as the price and volume of the trade. For easy visual analysis, different colors are used to indicate different trade directions: blue is used for Buy trades, pink for Sell trades, green means undefined direction. Trade volumes are additionally displayed in a histogram. The Time & Sales feature provides tools for a more detailed market analysis. The trade direction suggests who has initiated the trade: the buyer or the seller. The volume of trades allows traders to understand the behavior of market participants: whether the trades are performed by large or small market players, as well as estimate the activity of the players. The trade execution speed and the volume of trades on various price levels help traders to estimate the importance of the levels.
Zero line crossing	The signal to buy generated when the bar chart passes from the area of negative values to that of positive. It comes when the bar chart crosses the zero line.