Glossary

New to automated trading? Here are the key terms you'll see in QuantsEdge, explained in plain English.

Account & Security Terms

Wallet Your crypto wallet (like MetaMask) that you use to log in. Think of it like your username - it proves who you are.

Trading Wallet The secure wallet QuantsEdge creates for you automatically. This is where your trading funds actually live. Only you can access it.

Biometric Login (Face ID / Touch ID) On iOS, you can use your face or fingerprint to log in instead of signing with your wallet every time.

Session Your login stays active for 24 hours. After that, you just need to sign another message to log back in.

Trading Terms

Bot An automated trading program that follows your strategy and trades for you 24/7.

Strategy The rules your bot follows to decide when to buy and sell. For example: "Buy when price is rising, sell when it starts falling."

Position An active trade. If you bought ETH, you have an "open position" until you sell it.

Order An instruction to buy or sell. "Market order" = buy/sell right now. "Limit order" = buy/sell only at a specific price.

Leverage Borrowing money to trade larger positions. 2x leverage means you can trade $200 with only $100. Higher leverage = higher risk.

Strategy Testing Terms

Backtest Testing your strategy on past market data to see how it would have performed. Like a time machine for trading.

Paper Trading Practice trading with real market prices but fake money. Your bot trades normally, but no real money is at risk.

Testnet A practice version of the Hyperliquid exchange where you can test everything exactly like real trading, but with test tokens.

Live Trading Real trading with real money on the real exchange.

Risk Management Terms

Take Profit (TP) An automatic exit when you've made enough profit. For example: "Sell when I'm up 5%."

Stop Loss (SL) An automatic exit to limit losses. For example: "Sell if I'm down 2%." This protects you from big losses.

Kill Switch Emergency brake that stops all trading if your total losses get too big. Helps prevent disaster.

Position Limit Maximum size you can trade at once. Prevents you from accidentally risking too much.

Drawdown How much you're down from your highest point. If you had $1,000, went up to $1,200, then dropped to $1,100, your drawdown is $100.

Market Terms

Perpetual Futures (Perps) A type of crypto contract that lets you trade the price without actually buying the crypto. Most common type on Hyperliquid.

Trading Pair What you're trading. "ETH-USD" means Ethereum priced in US dollars.

Mid Price The middle point between the buy and sell price. Usually the "current price" you see on charts.

Liquidity How easy it is to buy or sell without moving the price. High liquidity = good, you can trade easily.

Strategy Types

Momentum Strategy Buy when price is trending up, sell when momentum slows. Tries to "ride the wave."

Mean Reversion Strategy Buy when price drops too far, sell when it bounces back. Assumes prices return to average.

Breakout Strategy Buy when price breaks above a resistance level. Tries to catch big moves early.

Fees & Tokens

Trading Fees Small percentage charged on each trade by the exchange (Hyperliquid).

QE Token QuantsEdge's upcoming token. Holders may get reduced trading fees (details coming soon).

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