Base and Quote coin - Base coin called the left coin of the pair. Quote coin called the right coin of the pair.
Long - is a trading strategy that used to make a profit when the rate is increasing. In order to trade in a long strategy, you need to have a quote coin of the selected pair.
For example: in pair BTC/USDT, USDT is a quote coin.
Using a long strategy you will buy the base coin when its price is low and sell it when its price goes high.
For example: BTC rate is currently 1 BTC/10,000 USDT and it is increasing. The bot will buy 1 BTC for 10,000 USDT and sell it once the rate is 10,200. As a result, you have 10,000 USDT back and an extra 200 USDT.
Short - is a trading strategy that used to make a profit when the rate is decreasing. In order to trade in a short strategy, you need to have a base coin of the selected pair.
For example: in pair BTC/USDT, BTC is a base coin.
Using a short strategy you will sell your base coin and buy it back when the rate will decrease. That way you will have the same amount of the coin and have some extra of quote coin.
For example: BTC rate currently is 1 BTC/10,000 USDT and it is decreasing. The bot will sell 1 BTC for 10,000 USDT and buy it back once the rate is 9800. As a result, you have 1 BTC and 200 USDT.
Take-profit - is the main and fundamental term of trading. Take profit is the order which earns you money. For long this order meant to sell and for short this order meant to buy.
Take-profit % - this is the percentage you want to earn from your deal. The lesser percentage you pick than faster take profit order will be executed. However, it doesn’t mean that you always need to place small take profit percent. If you trade with the low volume you might put a higher percentage and if you trade with the high volume you might put a lower percentage of your take profit.
For example: BTC current rate is $10,000, common USDT rate is 1 USDT = 1 USD. But we only have 0,002 BTC which is $20, so if we place 1% of take-profit we will earn only 20 cents, not great, not terrible. However, if we trade with 1 BTC which is $10,000 then 1% of take-profit will be $100 just for 1 deal. Despite the difference, 1% take profit is commonly the best choice because you will earn money on every rate spike.
Safety order - since crypto market has high volatility in your service were brought safety orders. This order helps you make more profit on trading even when the rate goes in the opposite direction of your strategy.
How does it work?
In case if you use Long strategy safety orders will be placed to buy more coins if the rate goes down. In case if you use Short strategy safety orders will be placed to sell additional base coin.
Once safety orders were executed, take-profit will be recalculated and replaced.
Stop-loss - stop-loss is an action that stops your losses. Meaning that if the rate goes the opposite direction of your strategy using the stop-loss you will end your deal before you lose too much. Stop-loss order will be executed after the last executed safety order.
Leverage - is the ability to control a large contract value with a relatively small amount of capital. Meaning that you can multiply your asset for your trade position. You can think of it as a loan without interest. That way people who don't have a big asset amount can trade equally with people who do have a big asset amount.
The backside of leverage is the risk of liquidation. Meaning than more the leverage than quicker liquidation will be implemented.
Liquidation - is an automated red button. If your margin balance doesn't have enough funds to support your position, your position will be liquidated. Liquidation is the thing that you need to avoid by all means. Liquidation is triggered when Collateral = Initial Collateral + Realized PnL + Unrealized PnL < Maintenance Margin