a pending order for establishing an open Sell position in the customer’s account, in the event the price on the specified instrument rises to the specified level; can only be executed at Bid price and placed above the current Bid price of the specified instrument.
an open position, which represents expectation that the market price will decline (e.g. selling the base currency against the quote currency or selling a contract for difference on an underlying security rate).
a pending order for establishing an open Sell position in the customer’s account, in the event the price on the specified instrument falls to the specified level; can only be executed at Bid price and placed below the current Bid price of the specified instrument.
the MT4 server that transmits requests from the Client Terminal to dealers, sends (i.e. news, quotes, execution confirmations) to the Client Terminal and records all messages related to the customer trading process; it maintains mutual liabilities between Admiral Markets and our customer, which are formalised in the Admiral Markets Customer Agreement, contract details and margin requirements.
a text file generated by the MT4 server that is used for recording all events related to customer trading and platform performance, including all dialogues between client terminals and dealers.
a price gap between the first quote of the current market session and the last quote of the previous market session.
a parameter of Expert Advisor that sets-up the maximum difference between the requested price and the dealer’s price, that is acceptable to Expert Advisor for opening a position in the customer’s account; a difference between the order’s price and its actual price execution.
Spike or Data Error
an incorrect quote generated by the server because of a data feed error; commonly looks like a significant price gap returning close to the previous level on the next price update, with no signs of rapid market around; Admiral Markets has the discretion, but not the obligation, to remove such errors from its quotes database.
a partial position closing (e.g. closing 0.5 lots of 2 lots).
the difference between Bid and Ask price, which is evaluated in points.
an order for closing a specified open position at a specified level, in the event the price moves in an unfavourable direction; can only be executed at Bid price and placed below the current Bid price with reference to Buy positions; can be only executed at Ask price and placed above the current Ask price with reference to Sell positions.
a compulsory closing of the customer’s open positions by Admiral Markets, in the event the customer’s account does not satisfy Admiral Markets’ margin requirements.
an amount of overnight adjustments paid or charged to the customer’s account at 23.59 in the platform’s time zone, in accordance with values specified in Admiral Markets contract details; it is a daily settlement for margin trading services.
slang for the Swiss Franc.
an object of electronic transaction (e.g. currency pair, stock CFD, futures CFD); an instrument within MT4.