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Documentation Index

Fetch the complete documentation index at: https://uncoded.ch/docs/llms.txt

Use this file to discover all available pages before exploring further.

Use this page as a reference, not as reading material. When you encounter a term you don’t know in any other doc page or in the broader crypto/trading world, come back here. Bookmark it.

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How to use this glossary

Terms are organized alphabetically within 14 thematic families. Each entry gives a one-paragraph plain-language definition and, where useful, points to the relevant docs page for deeper coverage. The 14 families:
  1. Crypto Fundamentals
  2. Trading Concepts
  3. Order Types & Mechanics
  4. Technical Analysis
  5. Market Structure & Microstructure
  6. Performance & Statistics
  7. Risk Management
  8. Algorithmic Trading & Bots
  9. Crypto-Market-Specific Phenomena
  10. Operational & Infrastructure
  11. Regulatory & Compliance
  12. Exchange & Venue Terms
  13. unCoded-Specific Concepts
  14. Crypto Slang & Culture

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Crypto Fundamentals

Any cryptocurrency that is not Bitcoin. The term originally meant “alternative coin.” Today the universe of altcoins includes thousands of tokens with vastly different risk profiles — from majors like ETH and SOL to long-tail micro-cap tokens. unCoded’s pre-built modes work best on majors with deep liquidity.
A smart-contract-based exchange model where prices are determined by a mathematical formula over a pool of assets, rather than by an order book. AMMs power most decentralized exchanges (Uniswap, Curve). unCoded does not trade on AMMs — it trades on centralized order-book exchanges where price discovery is more efficient for active strategies.
The first asset in a trading pair. In BTCUSDT, BTC is the base. When you “buy” the pair, you’re buying base, paying with quote. Unit conventions: order quantity is typically denominated in base asset, order value in quote.
The first and largest cryptocurrency by market capitalization, launched in 2009. Operates on a proof-of-work blockchain with a fixed supply cap of 21 million coins. Halvings every ~4 years cut new-supply issuance in half. Most unCoded operators trade BTCUSDT as their primary pair because of its deep liquidity and well-understood dynamics.
A distributed, append-only ledger of transactions, secured by cryptographic hashing and a consensus mechanism. Each “block” of transactions points to the previous block, forming an immutable chain. Crypto exchanges run their own internal ledgers but settle deposits/withdrawals on the underlying blockchain. unCoded does not interact directly with blockchains — it operates entirely within exchange ledgers.
Crypto financial services run by a centralized company — exchanges, lenders, custodians. Examples: Binance, Kraken, Coinbase. CeFi’s strengths are liquidity, speed, and regulatory clarity; weaknesses are counterparty risk and custody requirements. unCoded operates on CeFi exchanges.
Holding crypto in offline wallets (hardware wallets, paper wallets) where private keys are never connected to the internet. The most secure form of self-custody. unCoded operators typically hold long-term reserves in cold storage and only the active trading capital on the exchange.
Custody = a third party (exchange) holds your assets. Self-custody = you hold them in a wallet you control. Trade-off: custody is convenient, self-custody eliminates counterparty risk. unCoded’s design philosophy is operator-friendly: capital lives on the exchange (custody) for active trading; reserves should be in self-custody.
Crypto financial services run on smart contracts without centralized intermediaries — DEXs (Uniswap), lenders (Aave), stablecoins (DAI). Strengths: permissionless, transparent, self-custodial. Weaknesses: smart-contract risk, lower liquidity, slower execution, complex tax treatment. unCoded does not trade DeFi — strategy execution latency and slippage tolerance favor centralized order books.
A crypto exchange that runs entirely on smart contracts. Trades execute on-chain. Examples: Uniswap, dYdX, Hyperliquid. Operationally different from CEXs in fees, latency, and liquidity. unCoded supports CEX-only because of execution-quality requirements.
The second-largest cryptocurrency by market cap and the dominant smart-contract platform. Hosts most DeFi protocols, NFTs, and ERC-20 tokens. Unlike Bitcoin’s fixed supply, ETH’s supply is dynamically managed (and currently slightly deflationary post-Merge). ETHUSDT is the most-traded pair on Binance after BTCUSDT.
The cost of executing a transaction on a blockchain, paid to validators. On Ethereum, gas is denominated in gwei. Gas fees vary with network congestion. Relevant to unCoded operators only when depositing/withdrawing crypto to/from exchanges; not during active trading on a single venue.
On Bitcoin (and similar proof-of-work blockchains), the scheduled ~50% reduction in block reward issuance, occurring approximately every 4 years. Halvings are major scheduled events that historically correlate with bull-market cycles, though correlation is debatable. The next Bitcoin halving was April 2024.
A crypto wallet connected to the internet. Includes exchange-held balances (custodial) and software wallets (non-custodial). Faster access for trading, higher attack surface than cold storage. Funds in active trading on an exchange are by definition in a hot wallet.
L1 = the base blockchain (Bitcoin, Ethereum, Solana). L2 = a scaling layer built on top (Lightning, Arbitrum, Optimism, Base). L2s offer cheaper, faster transactions while inheriting L1 security. Affects deposit/withdrawal costs and times on exchanges, not active trading.
A smart-contract-held pool of two or more assets that an AMM uses for trading. Users provide liquidity and earn fees; traders swap against the pool. Distinct from order-book liquidity. Not relevant to unCoded which trades order-book venues.
The total value of a cryptocurrency’s circulating supply, calculated as price × circulating supply. Used to rank cryptos. “Top 10 by market cap” are the largest. unCoded operators typically restrict active trading to top-50-by-market-cap pairs to ensure liquidity.
The set of pending, unconfirmed transactions waiting to be included in a blockchain block. Visible to anyone with a node. Source of MEV opportunities. Not relevant to active trading on CEXs.
The process of validating blockchain transactions through computational work, in exchange for block rewards. Bitcoin uses proof-of-work mining. Energy-intensive, gives Bitcoin its scarcity guarantee. Not directly relevant to trading.
The second asset in a trading pair, used to denominate price. In BTCUSDT, USDT is the quote. When you “buy” the pair, you spend quote. Most pre-built unCoded modes are tuned for USDT quote (or USD on US venues, EUR on EU venues like Bitvavo, FDUSD on the market-maker modes).
A 12- or 24-word human-readable phrase that encodes a wallet’s private keys. Whoever has the seed phrase has the wallet. Treat it like a vault combination. unCoded never asks for seed phrases — only API keys, which can be revoked at the exchange and never expose underlying funds.
A self-executing program stored on a blockchain. The basis for DeFi, NFTs, and most non-Bitcoin crypto applications. Subject to smart-contract risk: bugs are exploitable, immutable, and can lose all funds. unCoded does not interact with smart contracts.
A cryptocurrency designed to maintain a 1:1 peg to a fiat currency, typically USD. Major stablecoins: USDT (Tether), USDC (Circle), FDUSD, DAI. Used as the quote asset in most trading pairs and as a safe-haven during volatility. Stablecoins have small but real depeg risk during stress events.
The process of locking up cryptocurrency to participate in network consensus and earn yield. Ethereum, Solana, Cardano use proof-of-stake. Yield typically 3–8% annual. Distinct from trading P&L; some exchanges offer “staking” products as a passive yield option, but unCoded does not interact with staking.
Representing real-world or digital assets as transferable tokens on a blockchain. Examples: tokenized stocks, tokenized real estate, NFTs. Largely irrelevant to unCoded operators — we trade native crypto pairs on CEXs.
The total dollar value of crypto deposited in a DeFi protocol or across DeFi as a whole. Measures DeFi adoption. Not relevant to unCoded.
A market that trades one asset for another. Format: <base><quote> (Binance/Bybit: BTCUSDT) or <base>-<quote> (OKX, Coinbase: BTC-USDT). Each venue has its own naming convention. unCoded’s exchange profiles handle the variations transparently.
Crypto markets are typically 2–5x more volatile than traditional equities, with substantially higher tail risk. Daily moves of ±5% are routine; ±10–20% happens during regime shifts; ±30–50% during black swans. unCoded’s strategies are designed for this volatility envelope.
Software or hardware that holds the private keys to access cryptocurrency. Hot wallets are connected (exchange wallets, MetaMask). Cold wallets are offline (Ledger, Trezor). Note: an exchange-held balance is technically a wallet held by the exchange custodially. unCoded operators interact only with exchange-held wallets via API.
DeFi practice of moving capital between protocols to capture yield. High operational complexity, smart-contract risk, often unsustainable yields driven by token-emissions. Distinct from trading P&L. unCoded does not yield-farm.

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Trading Concepts

Profiting from price differences for the same asset on different venues. Three flavors: spatial (BTC cheaper on Exchange A than B), triangular (cycling through three pairs on one venue), statistical (mean-reversion of correlated assets). Tight competition compresses arbitrage spreads to near-zero. Not unCoded’s design space.
Backwardation = futures price below spot. Contango = futures price above spot. Funding rates on perpetuals reflect this premium/discount. unCoded’s spot-only modes are unaffected directly but operators trading futures pay attention.
A summary of price action over a fixed time window — say, a 15-minute bar. Each bar reports four prices (Open, High, Low, Close) and the trading volume for that window. Strategies in unCoded evaluate at bar close: when the 15m bar at 14:15 closes, the strategy looks at all the indicators computed up through that bar and decides whether to fire.
A sustained downward trend in prices, typically defined as >20% decline from peak. Crypto bear markets historically last 12–18 months. Mean-reversion strategies struggle in deep bears (positions accumulate without recovery). Trend-following strategies on the short side can profit, though unCoded’s pre-built modes are long-only.
Bid = the highest price a buyer is willing to pay. Ask (or offer) = the lowest price a seller is willing to accept. The difference is the spread. Market orders cross the spread; limit orders rest on one side.
A sustained upward trend in prices, typically defined as >20% rise from trough. Crypto bull markets are often parabolic, with retracements of 30–40% along the way. Trend-following modes (FullBullMarket) excel here; mean-reversion modes underperform but still work.
Most pre-built unCoded modes don’t put your full per-position capital into a single buy order. Instead, they split the entry across multiple price levels (e.g., 7 levels in BasicMode). The first buy uses, say, 25% of your per-position allocation; if price drops further, the second buy adds another 15%; and so on. This is scaling into positions — averaging your entry as price moves against you, on the thesis that price will recover.
The moment in a sustained downtrend when remaining holders give up and sell at any price, often producing a sharp final dump before reversal. Capitulation is the textbook bottom signal but only obvious in hindsight. unCoded’s stop-losses prevent trying to “buy capitulation” beyond mode-defined risk caps.
The moment one series crosses above another. Classic example: when a fast EMA crosses above a slow EMA, that’s a “bullish crossover” signal. In the SignalEditor, Crossover is a specific condition node (“Crossover (A crosses above B)”), distinct from Crossunder (crosses below) and Cross (either direction). See Conditions.
A strategy of investing fixed amounts at regular intervals, regardless of price. unCoded’s mean-reversion modes use a DCA-like pattern within each trade: instead of buying once at entry, they spread the buy across a ladder. This reduces the impact of single-point price selection.
The decline from a peak to a trough in your equity curve. Maximum drawdown is the worst peak-to-trough drop over a period; it’s the most operationally important risk metric. A strategy that returned +30% with a -40% mid-period drawdown is a strategy you would have killed before it recovered. Pay more attention to drawdown than to total return. See Risk Management Overview.
A weighted moving average that gives more importance to recent prices, making it more responsive than a Simple Moving Average (SMA). EMA is the most-used building block in trend-following strategies. unCoded supports EMA along with 33 other moving-average flavors (DEMA, TEMA, T3, HMA, KAMA, JMA, etc.) — see Indicators.
Most exchanges charge two fee tiers: maker fees (when you place a limit order that rests on the book) and taker fees (when you cross the spread immediately). Maker is usually cheaper. unCoded’s pre-built modes default to limit orders, so you typically pay maker fees. On Binance with the BNB-discount path, this is roughly 0.075% maker. See Pricing for the full cost breakdown.
On perpetual futures, a periodic payment between long and short holders that anchors the perpetual price to spot. Positive funding = longs pay shorts (typical in bull markets). Negative funding = shorts pay longs. Persistent extreme funding indicates crowded positioning. Not relevant to unCoded’s spot-only pre-built modes.
A strategy that places a series of buy orders below the current price and a series of sell orders above, profiting from price oscillations within a range. unCoded’s BasicMode, LowMoney, MinimalMoney, and MarketMaker modes are grid-style at heart, with each mode tuned for a different capital level and volatility profile.
A mathematical function over price (and sometimes volume) that produces a signal: think of an indicator as “a recipe that turns price history into a number you can act on.” Examples: RSI, MACD, Bollinger Bands. unCoded supports 136 indicators across 9 families — see Indicators.
A market order buys/sells at whatever price is available immediately — fast but can have slippage. A limit order buys/sells only at the price you specify or better — slower but predictable. unCoded’s modes use limit orders by default for the buy ladder (cheaper, maker fees) and may use aggressive limit orders for stop-fires (faster, but still bounded).
Forced closure of a leveraged position when collateral falls below maintenance margin. Cascading liquidations during sharp moves are a feature of crypto futures markets. Not relevant to unCoded’s spot-only design — your spot positions cannot be liquidated.
Long = you bought, hoping price rises. Short = you sold (or borrowed-and-sold), hoping price falls. unCoded’s pre-built modes are long-only by default (spot trading). Short strategies require margin/futures venues and are not the default.
A trading thesis that price tends to return to its average after extreme moves. Mean-reversion strategies buy oversold conditions (e.g., RSI below 30) and sell overbought (e.g., RSI above 70). They have high win rates with rare deep losses, and suffer in sustained one-directional trends. BasicMode, LowMoney, MinimalMoney are mean-reversion in spirit.
Moving Average Convergence Divergence — a momentum indicator built from the difference between two EMAs, plus a signal line. Crossovers of the MACD line with its signal line generate trade signals. Available in unCoded as a pre-built indicator with three outputs: macd, histogram, signal.
The thesis that price changes have inertia — assets that have been rising tend to keep rising, and vice versa. Underlies trend-following strategies. Mathematically: momentum = price - price[N] for some lookback N. Indicators built on momentum: ROC, MACD, RSI in some interpretations.
On futures markets, the total number of outstanding contracts. Rising OI with rising price = new longs entering (bullish). Rising OI with falling price = new shorts entering (bearish). Falling OI = positions closing (regardless of price direction). Not relevant to unCoded’s spot-only design.
A trade currently open at the exchange — i.e., you bought something and haven’t yet closed by selling. unCoded tracks every open position in real time, with its entry price, current size, the sell-ladder rungs already placed, and the trailing stop’s current trigger price.
The pure pattern of price movement — bars, wicks, levels — without indicators. Discretionary traders often “trade price action” alone. Algorithmic strategies typically convert price action into indicators. unCoded strategies use indicators rather than raw price-action heuristics.
A temporary counter-trend move within a larger trend. A 30% pullback in an uptrend is healthy and common in crypto. Mean-reversion strategies buy pullbacks; trend-followers wait for pullback completion before re-entering. Not the same as a trend reversal.
A market state where price oscillates between defined support and resistance without trending. Grid-trading strategies excel in range-bound markets — they buy near support, sell near resistance, repeat. Most months in crypto are range-bound rather than trending.
A change in the prevailing trend direction. Distinct from a pullback (temporary). True reversals are rare and often only obvious in hindsight.
The most-used momentum oscillator in technical analysis. Bounded 0–100. Above 70 is overbought, below 30 is oversold. Foundation of mean-reversion strategies. In unCoded, the catalog id is rsi, default length 14.
Most pre-built unCoded modes don’t sell their full position at a single price. Instead, they place a ladder of sell orders at progressively higher prices. As price rises, each rung fills and locks in profit incrementally.
The realized difference between the price you targeted and the price the exchange filled at. On thin order books or fast-moving bars, slippage can be material. unCoded’s Backtester uses a conservative slippage model.
A pre-set order that closes your position if price falls to a defined level, capping your loss. Trailing stop-loss (TSL) ratchets up as the position becomes profitable. Mode 7 (Tsl2Sell) is unCoded’s trailing-stop mode.
Support = a price level where buying historically appears, holding price up. Resistance = a level where selling historically appears, capping price.
A pre-set order that closes your position at a defined gain level. unCoded’s pre-built modes use a sell ladder rather than a single take-profit.
The time-window each bar represents. unCoded supports 15 timeframes from 1m to 1M. See Timeframes.
A trading thesis that strong moves continue. Lower win rate than mean-reversion, but the wins are bigger. FullBullMarket (Mode 1) is unCoded’s pre-built trend-follower.
The amount of an asset traded during a given period. Volume confirms or denies price moves. unCoded supports 18 volume indicators including OBV, MFI, VWAP, Chaikin Money Flow.
The dispersion of returns. Crypto volatility is 2–5x traditional equities. Strategies are calibrated for specific volatility envelopes.
Rapid back-and-forth price action that triggers and immediately invalidates trend signals. Worst regime for trend-following strategies. ADX below 20 typically indicates whipsaw.

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Order Types & Mechanics

A limit order priced to cross the spread immediately, behaving like a market order but with a price ceiling/floor. unCoded’s stop-loss orders are aggressive limits.
Bid = the highest price a buyer will pay. Ask = the lowest price a seller will accept. Difference is the spread.
The cumulative volume of orders at successive price levels in the book. Deep books absorb large orders; thin books are easily moved.
Time-in-force: order must be filled completely and immediately, or cancelled. unCoded does not use FOK.
Time-in-force: order persists until filled or cancelled. unCoded’s sell-ladder rungs are GTC.
A large order split into smaller visible chunks, hiding true size. unCoded does not use iceberg orders.
Time-in-force: fill what’s available immediately, cancel any remainder.
The ability to buy or sell at near the displayed price without moving the market. High liquidity = tight spreads, low slippage.
Maker = your order rests on the book. Taker = your order crosses the spread. Most exchanges fee makers less. unCoded modes default to maker.
An order to buy/sell immediately at the best available price. Highest slippage on thin books.
The minimum total value an order must have to be accepted. Binance’s MIN_NOTIONAL for most majors is $10. Per-split sizing below this triggers rejection.
Linked orders where filling one cancels the other. Common: stop-loss + take-profit pair. unCoded manages this logic internally rather than via exchange-side OCO.
The exchange’s record of all open buy and sell orders for a pair, sorted by price.
When part of a limit order is filled but the remainder rests waiting. The bot’s accounting handles partial fills cleanly.
Flag ensuring a limit order will only execute as a maker. unCoded’s market-maker modes use post-only.
The difference between highest bid and lowest ask. Crypto majors: 0.01–0.05%. Long-tail altcoins: 0.5–2%+.
Two-part order: when trigger price is hit, a limit order is placed. Slower than stop-market but with controlled fill price.
Two-part order: when trigger price is hit, a market order fires. Fastest stop execution but most slippage.
The minimum price increment for a trading pair. Binance BTCUSDT ticks at $0.01.
The lifetime directive on an order: GTC, IOC, FOK, Day. unCoded’s resting orders are GTC.

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Technical Analysis

Trend-strength indicator. Above 25 = tradable trend; below 20 = range/chop. Useful as trend-follower’s gate.
Volatility measure: average bar range over N bars. Used to size stops, position sizing, detect regime changes.
Volatility envelope: moving average plus/minus 2 standard deviations. Bandwidth contraction = squeeze.
Breakout = price breaks above resistance. Breakdown = below support. Volume-confirmed breakouts more credible.
Visual patterns formed by one or several bars indicating future direction. The CDL family in unCoded includes 40+ patterns.
Momentum oscillator measuring deviation from a moving average. Bounded loosely by ±100 to ±200.
Two parallel sloping support/resistance lines. Donchian Channel is one pre-built example.
When price makes a new high (or low) but an indicator doesn’t confirm. Bullish divergence: price lower-low, RSI higher-low.
A candle with very small body — open and close nearly equal. Indicates indecision. Available as CDLDOJI.
Highest high and lowest low over N bars. Classic breakout indicator.
Two-bar reversal pattern. Bullish: small red bar followed by large green bar engulfing it. Available as CDLENGULFING.
A breakout that quickly reverses, trapping breakout-buyers. Volume-confirmation reduces fakeout risk.
Horizontal lines at 23.6%, 38.2%, 50%, 61.8% of a prior move, used as potential support/resistance.
Reversal candles with small bodies and long lower wicks. Hammer at downtrend bottom = bullish reversal signal.
A modified candle calculation that smooths price action. Reduces noise but lags. Not used by default in unCoded.
Sequence of price tops/bottoms. Higher highs + higher lows = uptrend. Lower highs + lower lows = downtrend.
Multi-line trend system. Components: Tenkan, Kijun, Senkou A/B, Chikou. Available in unCoded.
Difference between MACD line and its signal line, plotted as histogram. Diverging = strengthening momentum.
Average price over N bars. SMA, EMA, WMA, and 33+ variants in unCoded.
Cumulative volume-direction indicator: adds bar volume on up-bars, subtracts on down-bars.
Trailing-stop indicator that flips direction when violated. Used for both trend-confirmation and stop-level.
A bar with a long wick and small body, indicating rejection of that price level.
Reference price level computed from prior period’s HLC. Common intraday reference.
Statistical measure of price dispersion. Foundation of Bollinger Bands and many statistical indicators.
Where is the current close relative to recent high-low range. Bounded 0–100. Above 80 = overbought.
Three consecutive same-direction strong candles. Continuation patterns. Available as CDL patterns.
The thin lines extending above and below a candle body. Long wicks = price was rejected at those extremes.
Inverted-scale stochastic-like oscillator. Bounded 0 to -100.

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Market Structure & Microstructure

Trading ahead of a known incoming order. Illegal on regulated venues; not a strategy unCoded uses.
Round-trip time between sending an order and receiving acknowledgment. Crypto exchange latency typically 50–500ms.
Profiting from sub-second price discrepancies between venues. Not unCoded’s design space.
Fast price moves sweeping through a level where stops cluster, then reverse. Use wider stops or non-obvious placement.
A participant who continuously posts both bids and offers, profiting from the spread. unCoded’s MarketMaker modes are simplified retail versions.
Value extractable from blockchain transaction ordering. Mostly relevant on DEXs. Not relevant to unCoded.
Ratio of buy-side to sell-side order book volume. Used in some HFT strategies; not in unCoded.
The process by which buyers and sellers converge on a price. Liquid CEXs have efficient price discovery.
How much your order moves the price as it fills. Backtests typically underestimate.
Placing large orders with no intent to fill, to fake order book interest. Illegal on regulated venues.
The stream of executed trades. Quant strategies derive features from tape data.
Buying and selling the same asset to oneself to inflate apparent volume. Illegal on regulated venues.
A market participant with very large positions. Whale activity can move illiquid markets meaningfully.

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Performance & Statistics

The portion of returns above a benchmark, attributable to skill rather than market exposure.
Returns scaled to a full year. +5% over 3 months = ~22% annualized.
Correlation with a benchmark, scaled by relative volatility. 1.0 = moves identically; 2.0 = twice as volatile.
Constant annual rate accounting for compounding. +100% over 2 years = ~41% CAGR.
Annualized return divided by maximum drawdown. Direct measure of return-per-pain. >1 decent, >3 excellent.
The plot of your account value over time. Reading the equity curve shape teaches more than reading individual trades.
Expected loss conditional on being in the worst N% of outcomes. More robust than VaR.
Excess return over benchmark divided by tracking error.
Measure of “tail-heaviness.” Crypto returns have high kurtosis — extreme moves more common than normal.
The deepest peak-to-trough decline. Operationally the most important risk metric.
Longest consecutive time spent below a prior equity peak.
Ratio of gross winning trades to gross losing trades. >2.0 excellent, <1.2 fragile.
Return per unit of risk. Multiple definitions: Sharpe, Sortino, Calmar.
(Return − Risk-free rate) / Volatility. Crypto target: >1 decent, >2 excellent, >3 suspicious.
Asymmetry of return distribution. Positive skew = lottery profile; negative = insurance profile.
Like Sharpe but uses only downside volatility. Often more meaningful for asymmetric strategies.
Measure of dispersion. Used in volatility computation, position sizing, statistical thresholds.
Risk of extreme low-probability, high-impact events. Crypto has fat tails.
Maximum expected loss at a given confidence level.
Backtest discipline partitioning the window into folds and evaluating each separately.
The fraction of round-trip trades that closed in profit. Always pair with average win and average loss.
Number of standard deviations from the mean. Common threshold: |z| > 2 is “extreme.”

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Risk Management

An extreme, low-probability event with high impact. Examples: Mt. Gox collapse, FTX collapse.
Risk arising from concentration in one asset, venue, or strategy. unCoded’s 25% per-pair rule limits this.
Statistical relationship between two assets. Crypto pairs typically 0.6–0.95 correlated to BTC.
Risk that an exchange, broker, or custodian fails. Mitigated by spreading across custodians.
A position taken to offset risk in another. unCoded’s pre-built modes don’t hedge automatically.
Formula for optimal bet sizing. Pure Kelly is too aggressive; half-Kelly is a common heuristic.
Single dashboard flag halting all new positions. Existing positions continue managing. See Kill Switch.
Trading with borrowed capital. unCoded’s pre-built modes are unlevered (spot-only) by design.
Forced liquidations triggering more liquidations. Major source of crypto sharp moves.
The decision of how much capital to risk per trade. unCoded’s modes use fixed-fraction with ladder-based scaling.
Capital deliberately held back, recommended at 50% of trading capital. Strategy’s ammunition, not rainy-day fund.
Probability of losing entire trading capital. Conservative position sizing keeps it near zero.
Ratio of expected gain to risked loss. 1:3 means risking 1 to make 3.
Separate trading account under your main exchange account. Used to isolate strategies. See Sub-Accounts.
Backtesting only on assets that survived. Mitigation: stick to majors.
Stop-loss that ratchets up as price rises. Mode 7 (Tsl2Sell) is unCoded’s trailing-stop mode.

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Algorithmic Trading & Bots

Trading executed by computer programs following pre-defined rules. unCoded is an algo-trading platform.
Running a strategy against historical data to estimate performance. Necessary but not sufficient.
Tuning parameters until they produce beautiful results on a specific window. Walk-forward catches this.
A statistical advantage in expected value: (Win% × Avg Win) − (Loss% × Avg Loss) net of costs.
Running a strategy on live data without real-money execution. unCoded calls this shadow mode.
Sub-millisecond algorithmic strategies. Not unCoded’s design space.
A backtest accidentally using information that wouldn’t have been available at the decision moment.
Finding parameter values that maximize a backtest objective. Easy to overdo.
Data not used in tuning, reserved for validation. Performance on out-of-sample = realistic estimate.
Algorithmic trading using statistical, mathematical models. unCoded is a retail quant platform.
Drawing conclusions from a non-representative sample. Test multiple regimes.
A complete trading rule-set: when to enter, exit, how much to risk.

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Crypto-Market-Specific Phenomena

Crypto chart pattern resembling Bart Simpson’s head: sharp pump, flat top, sharp dump. Indicative of low-volume manipulation.
A sustained crypto bull market. Historically associated with Bitcoin halving cycles.
Final dump of a downtrend before reversal. Textbook bottom signal in hindsight.
Empirical pattern of crypto market cycles aligned with Bitcoin’s halving schedule.
Small, brief recovery in a downtrend, followed by continued decline. False reversal.
A stablecoin breaking from its peg. UST’s 2022 depeg destroyed $60B+.
Smart money selling at top (distribution) or buying at bottom (accumulation).
Pejorative for retail buyers providing liquidity for whales/insiders to sell at high prices.
Sharp price rise driven by retail fear-of-missing-out. Mean-reversion sells into FOMO spikes.
Sharp price drop driven by fear-uncertainty-doubt. Mean-reversion buys FUD dumps.
Coordinated price manipulation. Endemic on low-cap altcoins. Avoid trading near these.
Project insiders sell or remove liquidity. Risk specific to long-tail crypto.
Tracking large wallet movements to anticipate market-moving trades.

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Operational & Infrastructure

A second authentication factor beyond password. Authenticator apps preferred over SMS. Mandatory on every venue account.
Protocol by which programs talk to services. unCoded uses each exchange’s public API.
A credential pair (key + secret, sometimes plus passphrase or UID) that lets a program act on your account. Always: trading enabled, withdrawal disabled, IP-allowlisted.
Isolated software package including code, dependencies, runtime. unCoded ships as Docker containers.
Containerization technology that packages applications with dependencies. Standard deployment tool for unCoded.
Cryptographic technique to sign requests with a shared secret. Used in API signing and SignalsBot webhook verification.
Security feature restricting an API key to specific IPs. With allowlist, leaked key only usable from your VPS. Always set this.
Protocol for synchronizing computer clocks. Critical — exchanges reject requests with clock drift outside recvWindow.
Server sitting between clients and your application, handling TLS, routing, security. Caddy, nginx, Traefik are common. unCoded’s Dashboard and SignalsBot should be behind one.
HTTP-based API style. Most common protocol on crypto exchanges. unCoded uses REST for orders, WebSocket for real-time data.
Cryptographic protocols securing internet communications. Mandatory for any externally-exposed unCoded surface.
Virtualized server in a cloud provider. unCoded’s recommended deployment: 4 vCPU / 8 GB / 80 GB NVMe for ~€10–€15/month.
HTTP callback — server posts data to URL when an event happens. TradingView fires webhooks at SignalsBot.
Persistent bidirectional connection protocol. Exchanges use WebSocket for real-time data.

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Regulatory & Compliance

Regulations preventing money laundering. Crypto exchanges enforce through KYC, transaction monitoring.
International AML standard-setter. The Travel Rule requires VASPs to share sender/receiver info on transfers.
Cost-basis accounting methods. FIFO = oldest first. LIFO = newest first. HIFO = highest-cost first.
Process of verifying customer identity, mandated on regulated venues.
EU regulation governing crypto exchanges and stablecoins. unCoded supports two MiCA-compliant venues: Bybit EU and Bitvavo.
US regulators with jurisdiction over crypto. Affects which venues serve US residents.
Reporting trading P&L for tax purposes. unCoded’s Dashboard exports closed-trade data with USD→EUR conversion.
Regulatory term for crypto exchanges, custodians, payment providers.
US tax rule preventing artificial loss-harvesting. Currently doesn’t apply to crypto in the US.

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Exchange & Venue Terms

The largest crypto exchange globally. unCoded’s most-tested venue.
Binance’s discount: pay fees with BNB tokens for ~25% reduction. Default 0.10% becomes 0.075%.
Major global crypto exchange. EU-regulated variant (Bybit EU) for MiCA compliance.
US-regulated major exchange. Recommended for US-resident operators.
First Digital USD stablecoin. unCoded’s MarketMaker modes trade exclusively on FDUSD-quoted pairs.
Exchange profile specifically calibrated for venue’s signing scheme, symbol naming, precision rules. unCoded ships 17 hand-tuned production-ready exchanges.
Long-established US-regulated exchange. Strong reputation.
Major Asia-Pacific exchange. Uses dash-separated symbols (BTC-USDT) and requires API passphrase.
Additional credential beyond key+secret on OKX. Cannot be recovered later — save at creation.
Exchanges limit order/request rate. Binance: 50 orders per 10 seconds. unCoded reserves headroom.
Binance parameter bounding how stale a signed request can be. unCoded sets 60000 ms (60 seconds).
Trading the actual asset at current market prices. unCoded’s pre-built modes are spot-only.
Exchange profiles supported but not yet hand-tuned. unCoded ships 64 such profiles.
API key permission allowing fund withdrawal. Always disable on trading-bot keys.

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unCoded-Specific Concepts

The currently configured trading-mode profile for a given exchange/symbol. One of the 9 pre-built modes.
SignalsBot’s record of every accepted and rejected webhook. First stop for “did this signal arrive?” investigations.
The default mode. 7-split mean-reversion grid with sell targets from 0.25% to 5%. Recommended capital: $20,000.
Capital enforced at four nested layers: operator total → per-exchange → per-strategy → per-position.
Authenticated browser-based control surface. The only authenticated control surface; Telegram is read-only.
Internal configuration for each exchange, encoding signing scheme, symbol naming, lot/tick precision.
A completed round-trip trade. The unit of trade reporting in unCoded’s database and Telegram notifications.
Periodic signal that a service is alive. Missing heartbeat triggers investigation.
Single dashboard flag halting all new positions. The most important risk-management lever.
A pre-built configuration profile declaring buy split, sell percentages, trailing-stop policy, capital range.
The human running unCoded. Distinguishes from “user” — operators have responsibility for outcomes.
Personal documentation of your specific unCoded setup. Critical for handover, debugging, audit.
Process of cross-checking unCoded’s internal state against the exchange’s authoritative state.
Capital deliberately held back, recommended at 50% of trading capital. The strategy’s ammunition.
Strategy publication state where signals are recorded but not executed. Used for live-tape validation.
Atomic record produced by SignalEditor strategies. Names the exchange, symbol, side, intent, indicator values.
Visual strategy authoring AND live evaluation environment. Same engine evaluates preview and live.
Webhook gateway. Receives authenticated HTTPS POSTs, validates them, writes configuration changes.
Active trading-pair configuration: which symbols the bot trades and which mode each is assigned to.
The execution engine. Only component with authority to place real orders. Single-exchange-per-container.
Rule deciding when a satisfied condition emits a signal. unCoded supports 4 trigger modes.

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Crypto Slang & Culture

Buying impulsively without research. Pejorative.
Highest price ever reached.
Lowest price ever reached.
A “bag” = a position you’re holding. Bag holder = someone holding an underperforming position too long.
Holding through volatility without selling. Sometimes wisdom, sometimes denial.
Standard crypto disclaimer. Always verify yourself.
Emotional state of buying because price is rising. Usually leads to poor entries.
Negative narrative — sometimes valid, sometimes manipulation.
Originally a typo of HOLD. Anti-trading philosophy.
Aspirational language for “price will rise dramatically.” Often unrealistic.
Pejorative internet slang.
Selling at the first sign of trouble. Internet pejorative for risk-aversion.
Sharp price rise. Can be organic or coordinated.
Promoting a token, often without disclosing financial interest.
Optimistic crypto-Twitter rallying cry.

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Common acronyms cheat sheet

AcronymStands forunCoded relevance
ADXAverage Directional IndexTrend-strength indicator
AMLAnti-Money-LaunderingCompliance regulation
AMMAutomated Market MakerDEX pricing model (not used)
APIApplication Programming InterfaceWhat the bot uses to talk to your exchange
ATHAll-Time HighReference price level
ATLAll-Time LowReference price level
ATRAverage True RangeVolatility metric
CAGRCompound Annual Growth RateAnnualized return
CCICommodity Channel IndexMomentum oscillator
CEXCentralized ExchangeunCoded’s venue type
CVaRConditional Value at RiskTail-risk metric
DCADollar-Cost AveragingThe buy-ladder pattern
DeFiDecentralized FinanceSmart-contract-based finance (not used)
DEXDecentralized ExchangeDeFi exchange (not used)
DYORDo Your Own ResearchStandard crypto disclaimer
EMAExponential Moving AverageMost-used trend indicator
FATFFinancial Action Task ForceInternational AML regulator
FDUSDFirst Digital USDStablecoin used in MarketMaker modes
FIFO/LIFO/HIFOFirst/Last/Highest-In-First-OutCost-basis methods
FOKFill-or-KillTime-in-force
FOMOFear of Missing OutEmotional driver
FUDFear, Uncertainty, DoubtNegative narrative
GTCGood-Til-CancelledDefault time-in-force
HFTHigh-Frequency TradingSub-millisecond strategies (not used)
HMAHull Moving AverageLower-lag MA
HMACHash-Based Message AuthenticationAPI signing
HODLHold (typo-meme)Long-term holding
IOCImmediate-or-CancelTime-in-force
KYCKnow Your CustomerIdentity verification
L1 / L2Layer 1 / Layer 2Blockchain scaling
MAMoving AverageGeneric trend indicator family
MACDMoving Average Convergence DivergenceClassic momentum indicator
MEVMaximal Extractable ValueBlockchain MEV
MFA / 2FAMulti-Factor AuthenticationMandatory security
MFIMoney Flow IndexVolume-weighted RSI
MiCAMarkets in Crypto-AssetsEU regulation
MMMarket MakerunCoded’s MM mode
NTPNetwork Time ProtocolClock-sync
OBVOn-Balance VolumeVolume-direction indicator
OCOOne-Cancels-OtherLinked orders
OHLCVOpen, High, Low, Close, VolumeCandle bar fields
OIOpen InterestFutures-only
P&LProfit and LossPerformance reporting
PSARParabolic Stop and ReverseTrailing-stop indicator
RESTRepresentational State TransferAPI protocol
RSIRelative Strength IndexMost-used oscillator
SEC / CFTCUS securities/commodities regulatorsUS-resident operators
SMASimple Moving AverageMost basic moving average
TIFTime-in-ForceOrder lifetime
TLS / SSLTransport Layer SecurityEncryption
TSLTrailing Stop-LossRatcheting stop
TVLTotal Value LockedDeFi metric (not used)
TWAPTime-Weighted Average PriceReference benchmark
VaRValue at RiskRisk metric
VASPVirtual Asset Service ProviderRegulatory term
VPSVirtual Private ServerDeployment target
VWAPVolume-Weighted Average PriceInstitutional benchmark
WAGMIWe’re All Gonna Make ItInternet slang

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What’s next

Modules Overview

Now that you have the vocabulary, see how the modules fit together.

Quickstart

From vocabulary to a running first trade in approximately half a day.

FAQ

The questions every operator asks before they go live.

Indicators Catalog

The full reference for all 136 indicators.

Risk Overview

The risk framework where these terms meet operations.

Architecture

Where infrastructure terms apply to unCoded.
Last modified on May 3, 2026