Common Terms Explained
- EA (Expert Advisor): An automated trading program that runs on MetaTrader.
- Lot Size: The volume of a trade, measured in standard, mini, or micro lots.
- Drawdown: The peak-to-trough decline in account equity, usually shown as a percentage.
- Slippage: The difference between the expected and actual execution price of a trade.
- Copy Master: A trader whose trades are replicated onto followers' accounts.
- Replication Ratio: The setting that determines how a master's lot size is scaled onto your account.