‘Sell Limit’
a pending order for establishing an open Sell position in customer’s account in the event that the price on the specified instrument rises to the specified level; can be only executed at the Bid price and placed above the current Bid price of the specified instrument.
‘Sell Position’
an open position that represents the expectation that market price will decline. For example, selling the base currency against the quote currency or selling a Contract for Differences on an underlying security rate.
‘Sell Stop’
a pending order for establishing an open Sell position in a customer’s account in the event the price on the specified instrument falls to the specified level; can only be executed at Bid price and placed below the current Bid price of the specified instrument.
‘Server’
the program MetaTrader Server of version 4.xx, designed for transmitting requests of client terminals to dealers, news, quotes and execution confirmations to client terminals, as well as recording all messages related to the customer trading process; it is a tool for maintaining mutual liabilities between MTrading and the customer, which are formalized in the MTrading Customer Agreement, contract details and margin requirements.
‘Server Log—file’
a text file generated by the MetaTrader 4 server and used for recording all events related to customer trading and platform performance, including all dialogues between client terminals and dealers.
‘Session Gap’
a price gap between the first quote of the current market session and the last quote of the previous market session.
‘Slippage’
a parameter of Expert Advisor designed for setting up the maximum difference between the requested price and the dealer’s price acceptable to Expert Advisor for opening a position in the customer’s account; a difference between the order price and the price of its actual execution.
‘Spike’ (Data Error)
an incorrect quote generated by the server as a result of data feed error; commonly looks like a significant price gap returning close to the previous level on the next price update with no signs of rapid market around. MTrading has discretion, but without obligation, to remove such errors from its quotes database.
‘Split Close’
a partial position closing; for example, closing 0.5 lots of 2.0 lots.
‘Spread’
a difference between Bid and Ask price, evaluated in points.
‘Stop Loss’
an order for closing a specified open position at a specified level in the event the price moves in an unfavourable direction; can only be executed at Bid price and placed below the current Bid price with reference to Buy positions; can only be executed at Ask price and placed above the current Ask price with reference to Sell positions.
‘Stop Out’
a compulsory closing of customer’s open positions by MTrading in the event that the customer’s account does not satisfy MTrading’s Margin Requirements.
‘SWAP’
an amount of overnight adjustments paid or charged to the customer’s account at 23.59 in the platform time zone, in accordance with values specified in contract details; it is a daily settlement for margin trading services.
‘Swissy’
refers to Swiss Franc.
‘Symbol’
an object of electronic transaction, for example: currency pair, stock CFD, futures CFD; an instrument in the MetaTrader 4 online trading platform.