> ## 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.

# Glossary — Every Term Defined in Plain Language

> The most comprehensive crypto / trading-bot glossary in any product documentation. Every term you'll encounter, organized into 14 families.

<Info>
  **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.
</Info>

## 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](#crypto-fundamentals)
2. [Trading Concepts](#trading-concepts)
3. [Order Types & Mechanics](#order-types--mechanics)
4. [Technical Analysis](#technical-analysis)
5. [Market Structure & Microstructure](#market-structure--microstructure)
6. [Performance & Statistics](#performance--statistics)
7. [Risk Management](#risk-management)
8. [Algorithmic Trading & Bots](#algorithmic-trading--bots)
9. [Crypto-Market-Specific Phenomena](#crypto-market-specific-phenomena)
10. [Operational & Infrastructure](#operational--infrastructure)
11. [Regulatory & Compliance](#regulatory--compliance)
12. [Exchange & Venue Terms](#exchange--venue-terms)
13. [unCoded-Specific Concepts](#uncoded-specific-concepts)
14. [Crypto Slang & Culture](#crypto-slang--culture)

***

## Crypto Fundamentals

<AccordionGroup>
  <Accordion title="Altcoin" icon="coins">
    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.
  </Accordion>

  <Accordion title="AMM (Automated Market Maker)" icon="rotate">
    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.
  </Accordion>

  <Accordion title="Base Asset" icon="layer-group">
    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.
  </Accordion>

  <Accordion title="Bitcoin (BTC)" icon="bitcoin">
    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.
  </Accordion>

  <Accordion title="Blockchain" icon="link">
    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.
  </Accordion>

  <Accordion title="CeFi (Centralized Finance)" icon="building-columns">
    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.
  </Accordion>

  <Accordion title="Cold Storage" icon="snowflake">
    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.
  </Accordion>

  <Accordion title="Custody / Self-Custody" icon="vault">
    **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.
  </Accordion>

  <Accordion title="DeFi (Decentralized Finance)" icon="diagram-project">
    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.
  </Accordion>

  <Accordion title="DEX (Decentralized Exchange)" icon="diagram-project">
    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.
  </Accordion>

  <Accordion title="Ethereum (ETH)" icon="ethereum">
    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`.
  </Accordion>

  <Accordion title="Gas Fee" icon="gas-pump">
    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.
  </Accordion>

  <Accordion title="Halving" icon="cake-candles">
    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.
  </Accordion>

  <Accordion title="Hot Wallet" icon="fire">
    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.
  </Accordion>

  <Accordion title="Layer 1 (L1) / Layer 2 (L2)" icon="layer-group">
    **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.
  </Accordion>

  <Accordion title="Liquidity Pool" icon="droplet">
    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.
  </Accordion>

  <Accordion title="Market Capitalization (Market Cap)" icon="chart-pie">
    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.
  </Accordion>

  <Accordion title="Mempool" icon="layer-group">
    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.
  </Accordion>

  <Accordion title="Mining (Proof of Work)" icon="hammer">
    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.
  </Accordion>

  <Accordion title="Quote Asset" icon="dollar-sign">
    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).
  </Accordion>

  <Accordion title="Seed Phrase" icon="key">
    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.
  </Accordion>

  <Accordion title="Smart Contract" icon="file-code">
    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.
  </Accordion>

  <Accordion title="Stablecoin" icon="dollar-sign">
    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.
  </Accordion>

  <Accordion title="Staking (Proof of Stake)" icon="lock">
    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.
  </Accordion>

  <Accordion title="Tokenization" icon="coins">
    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.
  </Accordion>

  <Accordion title="Total Value Locked (TVL)" icon="vault">
    The total dollar value of crypto deposited in a DeFi protocol or across DeFi as a whole. Measures DeFi adoption. Not relevant to unCoded.
  </Accordion>

  <Accordion title="Trading Pair (Symbol)" icon="link">
    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.
  </Accordion>

  <Accordion title="Volatility (Crypto-specific)" icon="wave-square">
    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.
  </Accordion>

  <Accordion title="Wallet" icon="wallet">
    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.
  </Accordion>

  <Accordion title="Yield Farming" icon="seedling">
    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.
  </Accordion>
</AccordionGroup>

***

## Trading Concepts

<AccordionGroup>
  <Accordion title="Arbitrage" icon="arrow-right-arrow-left">
    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.
  </Accordion>

  <Accordion title="Backwardation / Contango (Futures)" icon="chart-line">
    **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.
  </Accordion>

  <Accordion title="Bar (Candle / OHLCV)" icon="chart-column">
    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.
  </Accordion>

  <Accordion title="Bear Market" icon="arrow-trend-down">
    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.
  </Accordion>

  <Accordion title="Bid / Ask (Quote)" icon="left-right">
    **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.
  </Accordion>

  <Accordion title="Bull Market" icon="arrow-trend-up">
    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.
  </Accordion>

  <Accordion title="Buy Ladder (Buy Splits)" icon="ladder">
    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.
  </Accordion>

  <Accordion title="Capitulation" icon="explosion">
    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.
  </Accordion>

  <Accordion title="Crossover" icon="intersection">
    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](/strategies/building-blocks/conditions).
  </Accordion>

  <Accordion title="DCA (Dollar-Cost Averaging)" icon="calendar">
    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.
  </Accordion>

  <Accordion title="Drawdown" icon="arrow-trend-down">
    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](/risk-management/overview).
  </Accordion>

  <Accordion title="EMA (Exponential Moving Average)" icon="wave-square">
    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](/strategies/building-blocks/indicators).
  </Accordion>

  <Accordion title="Fees (Maker / Taker)" icon="receipt">
    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](/pricing) for the full cost breakdown.
  </Accordion>

  <Accordion title="Funding Rate (Perpetuals)" icon="hand-holding-dollar">
    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.
  </Accordion>

  <Accordion title="Grid Trading" icon="grid">
    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.
  </Accordion>

  <Accordion title="Indicator" icon="chart-line">
    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](/strategies/building-blocks/indicators).
  </Accordion>

  <Accordion title="Limit Order vs Market Order" icon="bullseye">
    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).
  </Accordion>

  <Accordion title="Liquidation" icon="explosion">
    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.
  </Accordion>

  <Accordion title="Long / Short" icon="arrow-trend-up">
    **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.
  </Accordion>

  <Accordion title="Mean Reversion" icon="arrow-rotate-left">
    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.
  </Accordion>

  <Accordion title="MACD" icon="wave-pulse">
    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`.
  </Accordion>

  <Accordion title="Momentum" icon="rocket">
    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.
  </Accordion>

  <Accordion title="Open Interest (OI)" icon="circle-dot">
    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.
  </Accordion>

  <Accordion title="Position" icon="circle">
    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.
  </Accordion>

  <Accordion title="Price Action" icon="chart-line">
    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.
  </Accordion>

  <Accordion title="Pullback / Retracement" icon="arrow-rotate-left">
    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.
  </Accordion>

  <Accordion title="Range / Range-Bound" icon="ruler-combined">
    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.
  </Accordion>

  <Accordion title="Reversal" icon="rotate">
    A change in the prevailing trend direction. Distinct from a pullback (temporary). True reversals are rare and often only obvious in hindsight.
  </Accordion>

  <Accordion title="RSI (Relative Strength Index)" icon="gauge-simple">
    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`.
  </Accordion>

  <Accordion title="Sell Ladder (Take-Profit Rungs)" icon="ladder">
    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.
  </Accordion>

  <Accordion title="Slippage" icon="arrow-down-up-across-line">
    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.
  </Accordion>

  <Accordion title="Stop-Loss" icon="circle-stop">
    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.
  </Accordion>

  <Accordion title="Support / Resistance" icon="ruler-horizontal">
    **Support** = a price level where buying historically appears, holding price up. **Resistance** = a level where selling historically appears, capping price.
  </Accordion>

  <Accordion title="Take-Profit" icon="bullseye-arrow">
    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.
  </Accordion>

  <Accordion title="Timeframe" icon="clock">
    The time-window each bar represents. unCoded supports **15 timeframes** from `1m` to `1M`. See [Timeframes](/strategies/building-blocks/timeframes).
  </Accordion>

  <Accordion title="Trend Following" icon="forward">
    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.
  </Accordion>

  <Accordion title="Volume" icon="chart-bar">
    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.
  </Accordion>

  <Accordion title="Volatility" icon="wave-triangle">
    The dispersion of returns. Crypto volatility is `2–5x` traditional equities. Strategies are calibrated for specific volatility envelopes.
  </Accordion>

  <Accordion title="Whipsaw" icon="bolt">
    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.
  </Accordion>
</AccordionGroup>

***

## Order Types & Mechanics

<AccordionGroup>
  <Accordion title="Aggressive Order" icon="bolt">
    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.
  </Accordion>

  <Accordion title="Bid / Ask (Quote)" icon="left-right">
    **Bid** = the highest price a buyer will pay. **Ask** = the lowest price a seller will accept. Difference is the spread.
  </Accordion>

  <Accordion title="Depth (Order Book Depth)" icon="layer-group">
    The cumulative volume of orders at successive price levels in the book. Deep books absorb large orders; thin books are easily moved.
  </Accordion>

  <Accordion title="FOK (Fill-or-Kill)" icon="ban">
    Time-in-force: order must be filled completely and immediately, or cancelled. unCoded does not use FOK.
  </Accordion>

  <Accordion title="GTC (Good-Til-Cancelled)" icon="infinity">
    Time-in-force: order persists until filled or cancelled. unCoded's sell-ladder rungs are GTC.
  </Accordion>

  <Accordion title="Iceberg Order" icon="snowflake">
    A large order split into smaller visible chunks, hiding true size. unCoded does not use iceberg orders.
  </Accordion>

  <Accordion title="IOC (Immediate-or-Cancel)" icon="forward">
    Time-in-force: fill what's available immediately, cancel any remainder.
  </Accordion>

  <Accordion title="Liquidity" icon="droplet">
    The ability to buy or sell at near the displayed price without moving the market. High liquidity = tight spreads, low slippage.
  </Accordion>

  <Accordion title="Maker / Taker" icon="scale-balanced">
    **Maker** = your order rests on the book. **Taker** = your order crosses the spread. Most exchanges fee makers less. unCoded modes default to maker.
  </Accordion>

  <Accordion title="Market Order" icon="bolt">
    An order to buy/sell immediately at the best available price. Highest slippage on thin books.
  </Accordion>

  <Accordion title="Min Notional" icon="weight-scale">
    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.
  </Accordion>

  <Accordion title="OCO (One-Cancels-Other)" icon="link-slash">
    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.
  </Accordion>

  <Accordion title="Order Book" icon="book-open">
    The exchange's record of all open buy and sell orders for a pair, sorted by price.
  </Accordion>

  <Accordion title="Partial Fill" icon="puzzle-piece">
    When part of a limit order is filled but the remainder rests waiting. The bot's accounting handles partial fills cleanly.
  </Accordion>

  <Accordion title="Post-Only" icon="lock">
    Flag ensuring a limit order will only execute as a maker. unCoded's market-maker modes use post-only.
  </Accordion>

  <Accordion title="Spread (Bid-Ask Spread)" icon="ruler">
    The difference between highest bid and lowest ask. Crypto majors: `0.01–0.05%`. Long-tail altcoins: `0.5–2%+`.
  </Accordion>

  <Accordion title="Stop-Limit Order" icon="circle-stop">
    Two-part order: when trigger price is hit, a limit order is placed. Slower than stop-market but with controlled fill price.
  </Accordion>

  <Accordion title="Stop-Market Order" icon="bolt">
    Two-part order: when trigger price is hit, a market order fires. Fastest stop execution but most slippage.
  </Accordion>

  <Accordion title="Tick Size" icon="ruler">
    The minimum price increment for a trading pair. Binance `BTCUSDT` ticks at `$0.01`.
  </Accordion>

  <Accordion title="Time-in-Force (TIF)" icon="clock">
    The lifetime directive on an order: GTC, IOC, FOK, Day. unCoded's resting orders are GTC.
  </Accordion>
</AccordionGroup>

***

## Technical Analysis

<AccordionGroup>
  <Accordion title="ADX (Average Directional Index)" icon="chart-line">
    Trend-strength indicator. Above `25` = tradable trend; below `20` = range/chop. Useful as trend-follower's gate.
  </Accordion>

  <Accordion title="ATR (Average True Range)" icon="ruler">
    Volatility measure: average bar range over `N` bars. Used to size stops, position sizing, detect regime changes.
  </Accordion>

  <Accordion title="Bollinger Bands" icon="ruler-combined">
    Volatility envelope: moving average plus/minus `2` standard deviations. Bandwidth contraction = squeeze.
  </Accordion>

  <Accordion title="Breakout / Breakdown" icon="arrow-up-from-bracket">
    **Breakout** = price breaks above resistance. **Breakdown** = below support. Volume-confirmed breakouts more credible.
  </Accordion>

  <Accordion title="Candlestick Pattern" icon="chart-column">
    Visual patterns formed by one or several bars indicating future direction. The CDL family in unCoded includes `40+` patterns.
  </Accordion>

  <Accordion title="CCI (Commodity Channel Index)" icon="gauge">
    Momentum oscillator measuring deviation from a moving average. Bounded loosely by `±100` to `±200`.
  </Accordion>

  <Accordion title="Channel" icon="ruler-combined">
    Two parallel sloping support/resistance lines. Donchian Channel is one pre-built example.
  </Accordion>

  <Accordion title="Divergence" icon="arrow-down-up-across-line">
    When price makes a new high (or low) but an indicator doesn't confirm. Bullish divergence: price lower-low, RSI higher-low.
  </Accordion>

  <Accordion title="Doji" icon="cross">
    A candle with very small body — open and close nearly equal. Indicates indecision. Available as `CDLDOJI`.
  </Accordion>

  <Accordion title="Donchian Channel" icon="ruler-combined">
    Highest high and lowest low over `N` bars. Classic breakout indicator.
  </Accordion>

  <Accordion title="Engulfing Pattern" icon="layer-group">
    Two-bar reversal pattern. Bullish: small red bar followed by large green bar engulfing it. Available as `CDLENGULFING`.
  </Accordion>

  <Accordion title="Fakeout / False Breakout" icon="ban">
    A breakout that quickly reverses, trapping breakout-buyers. Volume-confirmation reduces fakeout risk.
  </Accordion>

  <Accordion title="Fibonacci Retracement" icon="ruler-vertical">
    Horizontal lines at `23.6%`, `38.2%`, `50%`, `61.8%` of a prior move, used as potential support/resistance.
  </Accordion>

  <Accordion title="Hammer / Hanging Man" icon="hammer">
    Reversal candles with small bodies and long lower wicks. Hammer at downtrend bottom = bullish reversal signal.
  </Accordion>

  <Accordion title="Heikin-Ashi" icon="chart-line">
    A modified candle calculation that smooths price action. Reduces noise but lags. Not used by default in unCoded.
  </Accordion>

  <Accordion title="Higher Highs / Lower Lows" icon="staircase">
    Sequence of price tops/bottoms. Higher highs + higher lows = uptrend. Lower highs + lower lows = downtrend.
  </Accordion>

  <Accordion title="Ichimoku Cloud" icon="cloud">
    Multi-line trend system. Components: Tenkan, Kijun, Senkou A/B, Chikou. Available in unCoded.
  </Accordion>

  <Accordion title="MACD Histogram" icon="chart-bar">
    Difference between MACD line and its signal line, plotted as histogram. Diverging = strengthening momentum.
  </Accordion>

  <Accordion title="Moving Average (MA)" icon="wave-square">
    Average price over `N` bars. SMA, EMA, WMA, and `33+` variants in unCoded.
  </Accordion>

  <Accordion title="OBV (On-Balance Volume)" icon="layer-group">
    Cumulative volume-direction indicator: adds bar volume on up-bars, subtracts on down-bars.
  </Accordion>

  <Accordion title="Parabolic SAR (PSAR)" icon="arrow-trend-up">
    Trailing-stop indicator that flips direction when violated. Used for both trend-confirmation and stop-level.
  </Accordion>

  <Accordion title="Pin Bar" icon="thumbtack">
    A bar with a long wick and small body, indicating rejection of that price level.
  </Accordion>

  <Accordion title="Pivot Point" icon="circle-dot">
    Reference price level computed from prior period's HLC. Common intraday reference.
  </Accordion>

  <Accordion title="Standard Deviation" icon="chart-area">
    Statistical measure of price dispersion. Foundation of Bollinger Bands and many statistical indicators.
  </Accordion>

  <Accordion title="Stochastic Oscillator" icon="gauge">
    Where is the current close relative to recent high-low range. Bounded `0`–`100`. Above `80` = overbought.
  </Accordion>

  <Accordion title="Three White Soldiers / Three Black Crows" icon="chess">
    Three consecutive same-direction strong candles. Continuation patterns. Available as CDL patterns.
  </Accordion>

  <Accordion title="Wick (Shadow)" icon="candle-holder">
    The thin lines extending above and below a candle body. Long wicks = price was rejected at those extremes.
  </Accordion>

  <Accordion title="Williams %R" icon="gauge">
    Inverted-scale stochastic-like oscillator. Bounded `0` to `-100`.
  </Accordion>
</AccordionGroup>

***

## Market Structure & Microstructure

<AccordionGroup>
  <Accordion title="Front Running" icon="forward">
    Trading ahead of a known incoming order. Illegal on regulated venues; not a strategy unCoded uses.
  </Accordion>

  <Accordion title="Latency" icon="stopwatch">
    Round-trip time between sending an order and receiving acknowledgment. Crypto exchange latency typically `50–500ms`.
  </Accordion>

  <Accordion title="Latency Arbitrage" icon="forward">
    Profiting from sub-second price discrepancies between venues. Not unCoded's design space.
  </Accordion>

  <Accordion title="Liquidity Grab / Stop Hunt" icon="magnifying-glass">
    Fast price moves sweeping through a level where stops cluster, then reverse. Use wider stops or non-obvious placement.
  </Accordion>

  <Accordion title="Market Maker (MM)" icon="scale-balanced">
    A participant who continuously posts both bids and offers, profiting from the spread. unCoded's MarketMaker modes are simplified retail versions.
  </Accordion>

  <Accordion title="MEV (Maximal Extractable Value)" icon="diamond">
    Value extractable from blockchain transaction ordering. Mostly relevant on DEXs. Not relevant to unCoded.
  </Accordion>

  <Accordion title="Order Book Imbalance" icon="scale-unbalanced">
    Ratio of buy-side to sell-side order book volume. Used in some HFT strategies; not in unCoded.
  </Accordion>

  <Accordion title="Price Discovery" icon="magnifying-glass-chart">
    The process by which buyers and sellers converge on a price. Liquid CEXs have efficient price discovery.
  </Accordion>

  <Accordion title="Price Impact" icon="hammer">
    How much your order moves the price as it fills. Backtests typically underestimate.
  </Accordion>

  <Accordion title="Spoofing" icon="ban">
    Placing large orders with no intent to fill, to fake order book interest. Illegal on regulated venues.
  </Accordion>

  <Accordion title="Tape (Trade Tape)" icon="tape">
    The stream of executed trades. Quant strategies derive features from tape data.
  </Accordion>

  <Accordion title="Wash Trading" icon="recycle">
    Buying and selling the same asset to oneself to inflate apparent volume. Illegal on regulated venues.
  </Accordion>

  <Accordion title="Whale" icon="fish">
    A market participant with very large positions. Whale activity can move illiquid markets meaningfully.
  </Accordion>
</AccordionGroup>

***

## Performance & Statistics

<AccordionGroup>
  <Accordion title="Alpha" icon="circle-up">
    The portion of returns above a benchmark, attributable to skill rather than market exposure.
  </Accordion>

  <Accordion title="Annualized Return" icon="calendar">
    Returns scaled to a full year. `+5%` over `3` months = `~22%` annualized.
  </Accordion>

  <Accordion title="Beta" icon="chart-line">
    Correlation with a benchmark, scaled by relative volatility. `1.0` = moves identically; `2.0` = twice as volatile.
  </Accordion>

  <Accordion title="CAGR (Compound Annual Growth Rate)" icon="chart-line">
    Constant annual rate accounting for compounding. `+100%` over `2` years = `~41%` CAGR.
  </Accordion>

  <Accordion title="Calmar Ratio" icon="ruler">
    Annualized return divided by maximum drawdown. Direct measure of return-per-pain. `>1` decent, `>3` excellent.
  </Accordion>

  <Accordion title="Equity Curve" icon="chart-line">
    The plot of your account value over time. Reading the equity curve shape teaches more than reading individual trades.
  </Accordion>

  <Accordion title="Expected Shortfall (CVaR)" icon="chart-line-down">
    Expected loss conditional on being in the worst `N%` of outcomes. More robust than VaR.
  </Accordion>

  <Accordion title="Information Ratio" icon="ruler">
    Excess return over benchmark divided by tracking error.
  </Accordion>

  <Accordion title="Kurtosis" icon="chart-area">
    Measure of "tail-heaviness." Crypto returns have high kurtosis — extreme moves more common than normal.
  </Accordion>

  <Accordion title="Maximum Drawdown" icon="arrow-trend-down">
    The deepest peak-to-trough decline. Operationally the most important risk metric.
  </Accordion>

  <Accordion title="Maximum Drawdown Duration" icon="hourglass">
    Longest consecutive time spent below a prior equity peak.
  </Accordion>

  <Accordion title="Profit Factor" icon="scale-balanced">
    Ratio of gross winning trades to gross losing trades. `>2.0` excellent, `<1.2` fragile.
  </Accordion>

  <Accordion title="Risk-Adjusted Return" icon="ruler">
    Return per unit of risk. Multiple definitions: Sharpe, Sortino, Calmar.
  </Accordion>

  <Accordion title="Sharpe Ratio" icon="ruler-combined">
    `(Return − Risk-free rate) / Volatility`. Crypto target: `>1` decent, `>2` excellent, `>3` suspicious.
  </Accordion>

  <Accordion title="Skew (Skewness)" icon="chart-area">
    Asymmetry of return distribution. Positive skew = lottery profile; negative = insurance profile.
  </Accordion>

  <Accordion title="Sortino Ratio" icon="ruler-combined">
    Like Sharpe but uses only downside volatility. Often more meaningful for asymmetric strategies.
  </Accordion>

  <Accordion title="Standard Deviation" icon="chart-area">
    Measure of dispersion. Used in volatility computation, position sizing, statistical thresholds.
  </Accordion>

  <Accordion title="Tail Risk" icon="dragon">
    Risk of extreme low-probability, high-impact events. Crypto has fat tails.
  </Accordion>

  <Accordion title="Value at Risk (VaR)" icon="chart-line-down">
    Maximum expected loss at a given confidence level.
  </Accordion>

  <Accordion title="Walk-Forward" icon="forward">
    Backtest discipline partitioning the window into folds and evaluating each separately.
  </Accordion>

  <Accordion title="Win Rate" icon="trophy">
    The fraction of round-trip trades that closed in profit. Always pair with average win and average loss.
  </Accordion>

  <Accordion title="Z-Score" icon="square-root-variable">
    Number of standard deviations from the mean. Common threshold: `|z| > 2` is "extreme."
  </Accordion>
</AccordionGroup>

***

## Risk Management

<AccordionGroup>
  <Accordion title="Black Swan" icon="dove">
    An extreme, low-probability event with high impact. Examples: Mt. Gox collapse, FTX collapse.
  </Accordion>

  <Accordion title="Concentration Risk" icon="circle-dot">
    Risk arising from concentration in one asset, venue, or strategy. unCoded's `25%` per-pair rule limits this.
  </Accordion>

  <Accordion title="Correlation" icon="link">
    Statistical relationship between two assets. Crypto pairs typically `0.6–0.95` correlated to BTC.
  </Accordion>

  <Accordion title="Counterparty Risk" icon="user-xmark">
    Risk that an exchange, broker, or custodian fails. Mitigated by spreading across custodians.
  </Accordion>

  <Accordion title="Hedge" icon="shield">
    A position taken to offset risk in another. unCoded's pre-built modes don't hedge automatically.
  </Accordion>

  <Accordion title="Kelly Criterion" icon="ruler-combined">
    Formula for optimal bet sizing. Pure Kelly is too aggressive; half-Kelly is a common heuristic.
  </Accordion>

  <Accordion title="Kill Switch" icon="circle-xmark">
    Single dashboard flag halting all new positions. Existing positions continue managing. See [Kill Switch](/risk-management/kill-switch).
  </Accordion>

  <Accordion title="Leverage" icon="weight-scale">
    Trading with borrowed capital. unCoded's pre-built modes are unlevered (spot-only) by design.
  </Accordion>

  <Accordion title="Liquidation Cascade" icon="explosion">
    Forced liquidations triggering more liquidations. Major source of crypto sharp moves.
  </Accordion>

  <Accordion title="Position Sizing" icon="weight-scale">
    The decision of how much capital to risk per trade. unCoded's modes use fixed-fraction with ladder-based scaling.
  </Accordion>

  <Accordion title="Reserves" icon="vault">
    Capital deliberately held back, recommended at `50%` of trading capital. Strategy's ammunition, not rainy-day fund.
  </Accordion>

  <Accordion title="Risk-of-Ruin" icon="skull">
    Probability of losing entire trading capital. Conservative position sizing keeps it near zero.
  </Accordion>

  <Accordion title="Risk-Reward Ratio" icon="scale-balanced">
    Ratio of expected gain to risked loss. `1:3` means risking `1` to make `3`.
  </Accordion>

  <Accordion title="Sub-Account" icon="users">
    Separate trading account under your main exchange account. Used to isolate strategies. See [Sub-Accounts](/risk-management/sub-accounts).
  </Accordion>

  <Accordion title="Survivorship Bias" icon="skull">
    Backtesting only on assets that survived. Mitigation: stick to majors.
  </Accordion>

  <Accordion title="Trailing Stop-Loss (TSL)" icon="arrow-trend-up">
    Stop-loss that ratchets up as price rises. Mode 7 (`Tsl2Sell`) is unCoded's trailing-stop mode.
  </Accordion>
</AccordionGroup>

***

## Algorithmic Trading & Bots

<AccordionGroup>
  <Accordion title="Algorithmic Trading (Algo Trading)" icon="robot">
    Trading executed by computer programs following pre-defined rules. unCoded is an algo-trading platform.
  </Accordion>

  <Accordion title="Backtesting" icon="flask">
    Running a strategy against historical data to estimate performance. Necessary but not sufficient.
  </Accordion>

  <Accordion title="Curve-Fitting (Overfitting)" icon="bullseye">
    Tuning parameters until they produce beautiful results on a specific window. Walk-forward catches this.
  </Accordion>

  <Accordion title="Edge" icon="circle-up">
    A statistical advantage in expected value: `(Win% × Avg Win) − (Loss% × Avg Loss)` net of costs.
  </Accordion>

  <Accordion title="Forward Testing (Paper Trading)" icon="clipboard-check">
    Running a strategy on live data without real-money execution. unCoded calls this **shadow mode**.
  </Accordion>

  <Accordion title="HFT (High-Frequency Trading)" icon="bolt">
    Sub-millisecond algorithmic strategies. Not unCoded's design space.
  </Accordion>

  <Accordion title="Look-Ahead Bias" icon="eye">
    A backtest accidentally using information that wouldn't have been available at the decision moment.
  </Accordion>

  <Accordion title="Optimization" icon="gear">
    Finding parameter values that maximize a backtest objective. Easy to overdo.
  </Accordion>

  <Accordion title="Out-of-Sample" icon="forward">
    Data not used in tuning, reserved for validation. Performance on out-of-sample = realistic estimate.
  </Accordion>

  <Accordion title="Quantitative Trading (Quant)" icon="square-root-variable">
    Algorithmic trading using statistical, mathematical models. unCoded is a retail quant platform.
  </Accordion>

  <Accordion title="Sample Bias" icon="dice">
    Drawing conclusions from a non-representative sample. Test multiple regimes.
  </Accordion>

  <Accordion title="Strategy" icon="diagram-project">
    A complete trading rule-set: when to enter, exit, how much to risk.
  </Accordion>
</AccordionGroup>

***

## Crypto-Market-Specific Phenomena

<AccordionGroup>
  <Accordion title="Bart Pattern" icon="chart-area">
    Crypto chart pattern resembling Bart Simpson's head: sharp pump, flat top, sharp dump. Indicative of low-volume manipulation.
  </Accordion>

  <Accordion title="Bull Run" icon="arrow-trend-up">
    A sustained crypto bull market. Historically associated with Bitcoin halving cycles.
  </Accordion>

  <Accordion title="Capitulation" icon="explosion">
    Final dump of a downtrend before reversal. Textbook bottom signal in hindsight.
  </Accordion>

  <Accordion title="Cycle (4-Year Bitcoin Cycle)" icon="rotate">
    Empirical pattern of crypto market cycles aligned with Bitcoin's halving schedule.
  </Accordion>

  <Accordion title="Dead Cat Bounce" icon="cat">
    Small, brief recovery in a downtrend, followed by continued decline. False reversal.
  </Accordion>

  <Accordion title="Depeg (Stablecoin Depeg)" icon="link-slash">
    A stablecoin breaking from its peg. UST's `2022` depeg destroyed `$60B+`.
  </Accordion>

  <Accordion title="Distribution / Accumulation" icon="layer-group">
    Smart money selling at top (distribution) or buying at bottom (accumulation).
  </Accordion>

  <Accordion title="Exit Liquidity" icon="door-open">
    Pejorative for retail buyers providing liquidity for whales/insiders to sell at high prices.
  </Accordion>

  <Accordion title="FOMO Spike" icon="rocket">
    Sharp price rise driven by retail fear-of-missing-out. Mean-reversion sells into FOMO spikes.
  </Accordion>

  <Accordion title="FUD Dump" icon="cloud-bolt">
    Sharp price drop driven by fear-uncertainty-doubt. Mean-reversion buys FUD dumps.
  </Accordion>

  <Accordion title="Pump and Dump" icon="ban">
    Coordinated price manipulation. Endemic on low-cap altcoins. Avoid trading near these.
  </Accordion>

  <Accordion title="Rug Pull" icon="ban">
    Project insiders sell or remove liquidity. Risk specific to long-tail crypto.
  </Accordion>

  <Accordion title="Whale Watching" icon="fish">
    Tracking large wallet movements to anticipate market-moving trades.
  </Accordion>
</AccordionGroup>

***

## Operational & Infrastructure

<AccordionGroup>
  <Accordion title="2FA / MFA (Two-Factor Authentication)" icon="shield-halved">
    A second authentication factor beyond password. Authenticator apps preferred over SMS. Mandatory on every venue account.
  </Accordion>

  <Accordion title="API (Application Programming Interface)" icon="plug">
    Protocol by which programs talk to services. unCoded uses each exchange's public API.
  </Accordion>

  <Accordion title="API Key" icon="key">
    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.
  </Accordion>

  <Accordion title="Container (Docker Container)" icon="box">
    Isolated software package including code, dependencies, runtime. unCoded ships as Docker containers.
  </Accordion>

  <Accordion title="Docker" icon="docker">
    Containerization technology that packages applications with dependencies. Standard deployment tool for unCoded.
  </Accordion>

  <Accordion title="HMAC (Hash-Based Message Authentication)" icon="key">
    Cryptographic technique to sign requests with a shared secret. Used in API signing and SignalsBot webhook verification.
  </Accordion>

  <Accordion title="IP Allowlist" icon="lock">
    Security feature restricting an API key to specific IPs. With allowlist, leaked key only usable from your VPS. **Always set this.**
  </Accordion>

  <Accordion title="NTP (Network Time Protocol)" icon="clock">
    Protocol for synchronizing computer clocks. Critical — exchanges reject requests with clock drift outside `recvWindow`.
  </Accordion>

  <Accordion title="Reverse Proxy" icon="route">
    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.
  </Accordion>

  <Accordion title="REST API" icon="cloud">
    HTTP-based API style. Most common protocol on crypto exchanges. unCoded uses REST for orders, WebSocket for real-time data.
  </Accordion>

  <Accordion title="TLS / SSL" icon="lock">
    Cryptographic protocols securing internet communications. Mandatory for any externally-exposed unCoded surface.
  </Accordion>

  <Accordion title="VPS (Virtual Private Server)" icon="server">
    Virtualized server in a cloud provider. unCoded's recommended deployment: `4 vCPU / 8 GB / 80 GB NVMe` for `~€10–€15/month`.
  </Accordion>

  <Accordion title="Webhook" icon="rss">
    HTTP callback — server posts data to URL when an event happens. TradingView fires webhooks at SignalsBot.
  </Accordion>

  <Accordion title="WebSocket" icon="bolt">
    Persistent bidirectional connection protocol. Exchanges use WebSocket for real-time data.
  </Accordion>
</AccordionGroup>

***

## Regulatory & Compliance

<AccordionGroup>
  <Accordion title="AML (Anti-Money-Laundering)" icon="shield">
    Regulations preventing money laundering. Crypto exchanges enforce through KYC, transaction monitoring.
  </Accordion>

  <Accordion title="FATF (Financial Action Task Force)" icon="flag">
    International AML standard-setter. The Travel Rule requires VASPs to share sender/receiver info on transfers.
  </Accordion>

  <Accordion title="FIFO / LIFO / HIFO" icon="layer-group">
    Cost-basis accounting methods. **FIFO** = oldest first. **LIFO** = newest first. **HIFO** = highest-cost first.
  </Accordion>

  <Accordion title="KYC (Know Your Customer)" icon="id-card">
    Process of verifying customer identity, mandated on regulated venues.
  </Accordion>

  <Accordion title="MiCA (Markets in Crypto-Assets)" icon="building-columns">
    EU regulation governing crypto exchanges and stablecoins. unCoded supports two MiCA-compliant venues: Bybit EU and Bitvavo.
  </Accordion>

  <Accordion title="SEC / CFTC (US Regulators)" icon="building-columns">
    US regulators with jurisdiction over crypto. Affects which venues serve US residents.
  </Accordion>

  <Accordion title="Tax Reporting" icon="file-invoice">
    Reporting trading P\&L for tax purposes. unCoded's Dashboard exports closed-trade data with USD→EUR conversion.
  </Accordion>

  <Accordion title="VASP (Virtual Asset Service Provider)" icon="building-columns">
    Regulatory term for crypto exchanges, custodians, payment providers.
  </Accordion>

  <Accordion title="Wash Sale Rule" icon="recycle">
    US tax rule preventing artificial loss-harvesting. Currently doesn't apply to crypto in the US.
  </Accordion>
</AccordionGroup>

***

## Exchange & Venue Terms

<AccordionGroup>
  <Accordion title="Binance" icon="building-columns">
    The largest crypto exchange globally. unCoded's most-tested venue.
  </Accordion>

  <Accordion title="BNB Discount" icon="coins">
    Binance's discount: pay fees with BNB tokens for \~`25%` reduction. Default `0.10%` becomes `0.075%`.
  </Accordion>

  <Accordion title="Bybit" icon="building-columns">
    Major global crypto exchange. EU-regulated variant (Bybit EU) for MiCA compliance.
  </Accordion>

  <Accordion title="Coinbase Advanced" icon="building-columns">
    US-regulated major exchange. Recommended for US-resident operators.
  </Accordion>

  <Accordion title="FDUSD" icon="dollar-sign">
    First Digital USD stablecoin. unCoded's MarketMaker modes trade exclusively on FDUSD-quoted pairs.
  </Accordion>

  <Accordion title="Hand-Tuned Exchange" icon="hand">
    Exchange profile specifically calibrated for venue's signing scheme, symbol naming, precision rules. unCoded ships **17 hand-tuned production-ready exchanges**.
  </Accordion>

  <Accordion title="Kraken" icon="building-columns">
    Long-established US-regulated exchange. Strong reputation.
  </Accordion>

  <Accordion title="OKX" icon="building-columns">
    Major Asia-Pacific exchange. Uses dash-separated symbols (`BTC-USDT`) and requires API passphrase.
  </Accordion>

  <Accordion title="Passphrase (OKX-specific)" icon="key">
    Additional credential beyond key+secret on OKX. Cannot be recovered later — save at creation.
  </Accordion>

  <Accordion title="Rate Limit" icon="gauge">
    Exchanges limit order/request rate. Binance: `50` orders per `10` seconds. unCoded reserves headroom.
  </Accordion>

  <Accordion title="recvWindow" icon="hourglass">
    Binance parameter bounding how stale a signed request can be. unCoded sets `60000 ms` (60 seconds).
  </Accordion>

  <Accordion title="Spot Trading" icon="coins">
    Trading the actual asset at current market prices. unCoded's pre-built modes are spot-only.
  </Accordion>

  <Accordion title="Validation-Status Exchange" icon="flask">
    Exchange profiles supported but not yet hand-tuned. unCoded ships `64` such profiles.
  </Accordion>

  <Accordion title="Withdrawal Permission" icon="ban">
    API key permission allowing fund withdrawal. **Always disable** on trading-bot keys.
  </Accordion>
</AccordionGroup>

***

## unCoded-Specific Concepts

<AccordionGroup>
  <Accordion title="Active Mode" icon="toggle-on">
    The currently configured trading-mode profile for a given exchange/symbol. One of the 9 pre-built modes.
  </Accordion>

  <Accordion title="Audit Log" icon="clipboard-list">
    SignalsBot's record of every accepted and rejected webhook. First stop for "did this signal arrive?" investigations.
  </Accordion>

  <Accordion title="BasicMode (Mode 4)" icon="cube">
    The default mode. 7-split mean-reversion grid with sell targets from `0.25%` to `5%`. Recommended capital: `$20,000`.
  </Accordion>

  <Accordion title="Capital Allocation (4-Layer)" icon="layer-group">
    Capital enforced at four nested layers: operator total → per-exchange → per-strategy → per-position.
  </Accordion>

  <Accordion title="Dashboard" icon="gauge">
    Authenticated browser-based control surface. The only authenticated control surface; Telegram is read-only.
  </Accordion>

  <Accordion title="Exchange Profile" icon="building-columns">
    Internal configuration for each exchange, encoding signing scheme, symbol naming, lot/tick precision.
  </Accordion>

  <Accordion title="Fulfilled Order" icon="check">
    A completed round-trip trade. The unit of trade reporting in unCoded's database and Telegram notifications.
  </Accordion>

  <Accordion title="Heartbeat" icon="heart-pulse">
    Periodic signal that a service is alive. Missing heartbeat triggers investigation.
  </Accordion>

  <Accordion title="Kill Switch" icon="circle-xmark">
    Single dashboard flag halting all new positions. The most important risk-management lever.
  </Accordion>

  <Accordion title="Mode" icon="sliders">
    A pre-built configuration profile declaring buy split, sell percentages, trailing-stop policy, capital range.
  </Accordion>

  <Accordion title="Operator" icon="user-tie">
    The human running unCoded. Distinguishes from "user" — operators have responsibility for outcomes.
  </Accordion>

  <Accordion title="Operator Runbook" icon="book">
    Personal documentation of your specific unCoded setup. Critical for handover, debugging, audit.
  </Accordion>

  <Accordion title="Reconciliation" icon="rotate">
    Process of cross-checking unCoded's internal state against the exchange's authoritative state.
  </Accordion>

  <Accordion title="Reserve" icon="piggy-bank">
    Capital deliberately held back, recommended at `50%` of trading capital. The strategy's ammunition.
  </Accordion>

  <Accordion title="Shadow Mode" icon="ghost">
    Strategy publication state where signals are recorded but not executed. Used for live-tape validation.
  </Accordion>

  <Accordion title="Signal" icon="bolt">
    Atomic record produced by SignalEditor strategies. Names the exchange, symbol, side, intent, indicator values.
  </Accordion>

  <Accordion title="SignalEditor" icon="wand-magic-sparkles">
    Visual strategy authoring AND live evaluation environment. Same engine evaluates preview and live.
  </Accordion>

  <Accordion title="SignalsBot" icon="satellite-dish">
    Webhook gateway. Receives authenticated HTTPS POSTs, validates them, writes configuration changes.
  </Accordion>

  <Accordion title="Tradepairs (config.tradePairs)" icon="link">
    Active trading-pair configuration: which symbols the bot trades and which mode each is assigned to.
  </Accordion>

  <Accordion title="TradingBot" icon="robot">
    The execution engine. Only component with authority to place real orders. Single-exchange-per-container.
  </Accordion>

  <Accordion title="Trigger Mode" icon="bell">
    Rule deciding when a satisfied condition emits a signal. unCoded supports **4 trigger modes**.
  </Accordion>
</AccordionGroup>

***

## Crypto Slang & Culture

<AccordionGroup>
  <Accordion title="Ape (Aping In)" icon="user">
    Buying impulsively without research. Pejorative.
  </Accordion>

  <Accordion title="ATH (All-Time High)" icon="arrow-trend-up">
    Highest price ever reached.
  </Accordion>

  <Accordion title="ATL (All-Time Low)" icon="arrow-trend-down">
    Lowest price ever reached.
  </Accordion>

  <Accordion title="Bag (Bag Holder)" icon="briefcase">
    A "bag" = a position you're holding. **Bag holder** = someone holding an underperforming position too long.
  </Accordion>

  <Accordion title="Diamond Hands" icon="gem">
    Holding through volatility without selling. Sometimes wisdom, sometimes denial.
  </Accordion>

  <Accordion title="DYOR (Do Your Own Research)" icon="magnifying-glass">
    Standard crypto disclaimer. Always verify yourself.
  </Accordion>

  <Accordion title="FOMO (Fear of Missing Out)" icon="rocket">
    Emotional state of buying because price is rising. Usually leads to poor entries.
  </Accordion>

  <Accordion title="FUD (Fear, Uncertainty, Doubt)" icon="cloud-bolt">
    Negative narrative — sometimes valid, sometimes manipulation.
  </Accordion>

  <Accordion title="HODL" icon="hand-fist">
    Originally a typo of HOLD. Anti-trading philosophy.
  </Accordion>

  <Accordion title="Moon (To the Moon)" icon="moon">
    Aspirational language for "price will rise dramatically." Often unrealistic.
  </Accordion>

  <Accordion title="NGMI (Not Gonna Make It)" icon="thumbs-down">
    Pejorative internet slang.
  </Accordion>

  <Accordion title="Paper Hands" icon="hand-paper">
    Selling at the first sign of trouble. Internet pejorative for risk-aversion.
  </Accordion>

  <Accordion title="Pump" icon="rocket">
    Sharp price rise. Can be organic or coordinated.
  </Accordion>

  <Accordion title="Shilling" icon="bullhorn">
    Promoting a token, often without disclosing financial interest.
  </Accordion>

  <Accordion title="WAGMI (We're All Gonna Make It)" icon="thumbs-up">
    Optimistic crypto-Twitter rallying cry.
  </Accordion>
</AccordionGroup>

***

## Common acronyms cheat sheet

| Acronym            | Stands for                            | unCoded relevance                          |
| ------------------ | ------------------------------------- | ------------------------------------------ |
| **ADX**            | Average Directional Index             | Trend-strength indicator                   |
| **AML**            | Anti-Money-Laundering                 | Compliance regulation                      |
| **AMM**            | Automated Market Maker                | DEX pricing model (not used)               |
| **API**            | Application Programming Interface     | What the bot uses to talk to your exchange |
| **ATH**            | All-Time High                         | Reference price level                      |
| **ATL**            | All-Time Low                          | Reference price level                      |
| **ATR**            | Average True Range                    | Volatility metric                          |
| **CAGR**           | Compound Annual Growth Rate           | Annualized return                          |
| **CCI**            | Commodity Channel Index               | Momentum oscillator                        |
| **CEX**            | Centralized Exchange                  | unCoded's venue type                       |
| **CVaR**           | Conditional Value at Risk             | Tail-risk metric                           |
| **DCA**            | Dollar-Cost Averaging                 | The buy-ladder pattern                     |
| **DeFi**           | Decentralized Finance                 | Smart-contract-based finance (not used)    |
| **DEX**            | Decentralized Exchange                | DeFi exchange (not used)                   |
| **DYOR**           | Do Your Own Research                  | Standard crypto disclaimer                 |
| **EMA**            | Exponential Moving Average            | Most-used trend indicator                  |
| **FATF**           | Financial Action Task Force           | International AML regulator                |
| **FDUSD**          | First Digital USD                     | Stablecoin used in MarketMaker modes       |
| **FIFO/LIFO/HIFO** | First/Last/Highest-In-First-Out       | Cost-basis methods                         |
| **FOK**            | Fill-or-Kill                          | Time-in-force                              |
| **FOMO**           | Fear of Missing Out                   | Emotional driver                           |
| **FUD**            | Fear, Uncertainty, Doubt              | Negative narrative                         |
| **GTC**            | Good-Til-Cancelled                    | Default time-in-force                      |
| **HFT**            | High-Frequency Trading                | Sub-millisecond strategies (not used)      |
| **HMA**            | Hull Moving Average                   | Lower-lag MA                               |
| **HMAC**           | Hash-Based Message Authentication     | API signing                                |
| **HODL**           | Hold (typo-meme)                      | Long-term holding                          |
| **IOC**            | Immediate-or-Cancel                   | Time-in-force                              |
| **KYC**            | Know Your Customer                    | Identity verification                      |
| **L1 / L2**        | Layer 1 / Layer 2                     | Blockchain scaling                         |
| **MA**             | Moving Average                        | Generic trend indicator family             |
| **MACD**           | Moving Average Convergence Divergence | Classic momentum indicator                 |
| **MEV**            | Maximal Extractable Value             | Blockchain MEV                             |
| **MFA / 2FA**      | Multi-Factor Authentication           | Mandatory security                         |
| **MFI**            | Money Flow Index                      | Volume-weighted RSI                        |
| **MiCA**           | Markets in Crypto-Assets              | EU regulation                              |
| **MM**             | Market Maker                          | unCoded's MM mode                          |
| **NTP**            | Network Time Protocol                 | Clock-sync                                 |
| **OBV**            | On-Balance Volume                     | Volume-direction indicator                 |
| **OCO**            | One-Cancels-Other                     | Linked orders                              |
| **OHLCV**          | Open, High, Low, Close, Volume        | Candle bar fields                          |
| **OI**             | Open Interest                         | Futures-only                               |
| **P\&L**           | Profit and Loss                       | Performance reporting                      |
| **PSAR**           | Parabolic Stop and Reverse            | Trailing-stop indicator                    |
| **REST**           | Representational State Transfer       | API protocol                               |
| **RSI**            | Relative Strength Index               | Most-used oscillator                       |
| **SEC / CFTC**     | US securities/commodities regulators  | US-resident operators                      |
| **SMA**            | Simple Moving Average                 | Most basic moving average                  |
| **TIF**            | Time-in-Force                         | Order lifetime                             |
| **TLS / SSL**      | Transport Layer Security              | Encryption                                 |
| **TSL**            | Trailing Stop-Loss                    | Ratcheting stop                            |
| **TVL**            | Total Value Locked                    | DeFi metric (not used)                     |
| **TWAP**           | Time-Weighted Average Price           | Reference benchmark                        |
| **VaR**            | Value at Risk                         | Risk metric                                |
| **VASP**           | Virtual Asset Service Provider        | Regulatory term                            |
| **VPS**            | Virtual Private Server                | Deployment target                          |
| **VWAP**           | Volume-Weighted Average Price         | Institutional benchmark                    |
| **WAGMI**          | We're All Gonna Make It               | Internet slang                             |

## What's next

<CardGroup cols={2}>
  <Card title="Modules Overview" icon="layer-group" href="/concepts/overview">
    Now that you have the vocabulary, see how the modules fit together.
  </Card>

  <Card title="Quickstart" icon="forward" href="/quickstart">
    From vocabulary to a running first trade in approximately half a day.
  </Card>

  <Card title="FAQ" icon="circle-question" href="/faq">
    The questions every operator asks before they go live.
  </Card>

  <Card title="Indicators Catalog" icon="chart-line" href="/strategies/building-blocks/indicators">
    The full reference for all 136 indicators.
  </Card>

  <Card title="Risk Overview" icon="shield" href="/risk-management/overview">
    The risk framework where these terms meet operations.
  </Card>

  <Card title="Architecture" icon="server" href="/concepts/architecture">
    Where infrastructure terms apply to unCoded.
  </Card>
</CardGroup>