Every word Triggon uses, defined the way Triggon uses it.
Trading vocabulary is used loosely almost everywhere, and a term that means two things is worse than one nobody knows. This page defines each term as it is actually applied on the platform: what a Strategy is, what the checkmark claims, what a drawdown answers that a return cannot, and where our usage differs from the industry's.
Sample curve. Every term above is defined on this page, and each can be checked on a real Strategy before you subscribe.
The platform
Strategy
A named trading approach run by one Provider, with the markets it trades declared before it publishes and a permanent public record of every position it has taken. A Strategy is the thing you subscribe to, and it is the unit everything else on Triggon is measured against.
Provider
The independent person or team who runs a Strategy. Providers apply, are reviewed by a person, and publish under their own profile with their record attached rather than anonymously. They set their own subscription price and keep the larger share of it.
Signal
A structured trading instruction issued by a Strategy: the market, the direction, the entry price, the stop loss, and one or more take-profit levels with the share of the position each one closes. It is not a message saying buy.
Later Signals manage the position while it is open, adding to it, moving the stop, taking partial profit or closing it, and each one is recorded as it happens.
Copy trading
A different arrangement from this one, named here because the two are constantly confused. Copy trading mirrors another person's live positions into your account automatically, at their sizing. Triggon issues a Signal you or Auto-Trade act on at your own sizing, and publishes the record of it.
Seat
One of a fixed number of simultaneous subscriptions a Strategy admits, chosen by its Provider. When every seat is taken the Strategy closes to new subscribers until one frees up. A Strategy trading a market with limited depth behaves differently with fifty subscribers than with five thousand, and the cap is published so you can see how close to it a Strategy is running before you join.
Marketplace
The list of published Strategies, each shown with its return, maximum drawdown, win rate, Triggon Score, checkmark, Provider and seats remaining. Everything a Strategy publishes is readable before you pay anything.
Auto-Trade
Optional execution of the Signals from Strategies you follow on your own exchange account, inside limits you set. Your funds never move to Triggon, and an API key that can withdraw or transfer is refused at connection rather than accepted and trusted.
Journal
A Provider's public page, generated from the trades their Strategies have already recorded: performance, risk, a calendar, every closed trade, and a Prop Check on the record. The journal arranges the record; it does not compute a second version of it.
Verified, and the checkmark
A mark that describes how a Strategy's record was kept, not how good the Strategy is. It says a person reviewed the application, the Provider is identified, every declared market passed a live test before going live, and the record has been continuous over a rolling recent window.
A Strategy that lost money keeps its checkmark, because the losses are real and the mark is a statement about the record rather than a rating of it.
Reading a record
Track record
The complete, unedited history of every trade a Strategy has taken. On Triggon a trade enters that history at the moment it opens, which is also the moment its Signal reaches subscribers, so the record is written before the outcome is known to anyone.
A history assembled after the fact is a different object with the same name: it can be curated without anybody lying, because the trades that went badly are simply the ones that never got written down.
Recorded at open
The rule that decides whether a track record means anything. A position is written down when the Strategy issues its entry Signal, carrying the entry price, the stop and the targets, at a point where nobody involved knows how it will end.
Equity curve
The running value of a Strategy's simulated account, plotted trade by trade. Its shape carries information the total return does not: steady accumulation and one enormous winning month can produce the same final number and are not the same Strategy.
Return, and CAGR
Return is what a Strategy made over a period. CAGR is that return expressed as an annual rate, which is the figure that lets a Strategy running for two months and one running for two years be compared at all.
Cumulative profit rewards a Strategy for having existed longer, which is not a skill, so the Triggon Score uses the annualised rate rather than the total.
Maximum drawdown
The largest peak-to-trough fall the account took, as a percentage. It answers the question a return cannot: whether you could have stayed in the position through the worst stretch. If the answer is no, the return was never available to you.
It is printed next to the return everywhere Triggon shows one, because a return with no drawdown beside it is half a sentence.
Win rate
The share of closed trades that ended in profit. On its own it is one of the easiest figures to make look good, since a Strategy that takes tiny profits and holds losses can post a high win rate while losing money.
Read it beside the profit factor, which is the figure it cannot hide from. The Triggon Score goes further and uses the lower bound of the win rate's confidence interval rather than the percentage itself.
Profit factor
Gross profit divided by gross loss. Above 1.0 the winners outweigh the losers; below it they do not. It is the counterweight to the win rate, because it is measured in money rather than in counts.
Sharpe, Sortino and Calmar ratios
Three ways of asking what a return cost in risk. Sharpe measures return per unit of total volatility, Sortino counts only downside volatility on the grounds that upside volatility is not a problem anyone is trying to avoid, and Calmar measures return against the maximum drawdown.
All three are computed from the same recorded trades, and the reference rate each one is measured against is stated rather than assumed.
Triggon Score
One number from 0 to 100 ranking a Strategy on its recorded trades, built from six published inputs through a weighted geometric mean, so a serious weakness in any one of them pulls the whole Score down rather than being averaged away.
Credibility factor
The multiplier that stops a short lucky run from outranking a long consistent one. Every performance figure inside the Triggon Score is shrunk toward a neutral reference in proportion to how little evidence stands behind it, using the trade count and the number of days the Strategy has been active.
A new Strategy is not penalised for being new. It has simply not yet produced the evidence that would let it be ranked above one that has.
Prop Check
A reading of a Strategy's recorded trades against a published proprietary-trading rulebook: maximum drawdown, daily drawdown, single-trade loss, profit consistency, profit target and trading days. Each rule scores out of ten for degree rather than passing or failing, and the result names which kind of problem it found.
The markets
Asset class
Which market an instrument belongs to. Triggon covers crypto, forex, stocks and commodities, and a Provider declares the asset class a Strategy trades before it publishes.
The vocabulary follows the market rather than the other way round: a token has a price and a position size, a currency pair has a rate and a number of lots, a stock has a share price and a number of shares.
Spot and futures
Spot is buying the instrument itself. Futures is a contract on its price, which is what makes leverage and short positions available and what makes a position liquidatable. Which one a Strategy trades is declared and shown.
Long and short
Long profits if the price rises, short if it falls. A Strategy may run one direction at a time or hold both at once, and which applies is stated on the Strategy rather than left to be inferred from the trades.
Leverage
Borrowed exposure, expressed as a multiple of the capital behind it. It multiplies both outcomes, and past a point it makes a position closeable by the exchange or broker before its stop loss is ever reached.
Stop loss
The price at which a position is closed to end a loss. Every Signal on Triggon carries one when it is issued, which is what makes the risk on a trade knowable at the moment it is taken rather than afterwards.
Take-profit level
A price at which some declared share of a position is closed in profit. A Signal can carry several, each with its own share, so a partial exit is part of the instruction rather than a decision left to the reader.
Pip
The standard smallest increment of a currency pair's rate, and the unit an FX trader thinks in. A stop distance shown to a forex Provider is given in pips rather than as a percentage, because a stop of 0.46% is not a sentence anybody says.
Notional
The full value of a position, as opposed to the capital committed to hold it. Under leverage the two differ, and the notional is the number that decides what the position can actually do to an account.
Definitions are easy. Records are the hard part.
Every term above describes something you can go and check on a real Strategy, before you subscribe to anything.