Welcome to the terminology page.

The purpose of this page is to assist traders who are not familiar with 8alert's methodologies, models and signaling methods.

Active Signals:
  • Signal entry price: entry price might be a specific price or might be within a range. The user can choose his entry price accordingly. 8alerts will always manage the trade as if picked the worst price.
  • Profit taking: as mentioned at the entry price, profit taking prices will usually be given as a range. 8alerts will always calculate the profit from its early price = (less profit).
  • stop loss: with regards to the earlier ranges, stop loss price is specific and not a range of prices.
Notes regarding price ranges:
  • Category: Stocks/Indices/commodities/Currencies – active trade for that kind of product ; Briefing – present a strategy, and not an active trade. This will probably turn into trade signal later on.
  • Symbol: product symbol. Note, some symbols can vary from one trading platform to another.
  • Action: Action made at the signal (setting entry price, set/change TP1, changing stop price…).
    • Scalp – short term signal (the expected signal lifetime from entry to profit/loss is few hours) – pay attention to Duration
    • Swing – longer term signal (from hours to days). Duration column might be empty or zero, hence, duration is not relevant.
  • Duration:  period of time in minutes. If that period passed and no “Entry order filled” execution is made, this signal is cancelled.
  • Price: the entry price range. Values might change during signal management.
  • Stop: stop loss price. Value might change during signal management (and become stop profit).
  • TP1/TP2:   price range for profit taking 1 and 2.
  • Execution:  execution refers to one of the actions mentioned earlier.
  • Closed Signals: all closed (elapsed) signals including their final result calculation – gain or loss. The calculation assumes the following amounts:
    • For stocks, the calculated position is 10K$.
    • For indices future contracts, the calculated position is 1 or 2.
    • For currencies, the calculated position is 100K$
  • Quantity: The above values appear at quantity column
  • Total: total gain/loss in points + %
  • P&L: total gain/loss in US $ + %
Graphs:
  • Cru = Crucial = graph’s crucial area
  • T.I. = Trading idea
  • B.S.S.R = buy support, sell resistance
  • Box Trading  = estimated levels of Support and Resistance
  • Clus = Cluster = group of parameters that create the model to work with, at a specific time.
  • HDM = Hold Down Momentum
  • HUM  = Hold Up Momentum