Core terms
Drawdown — peak-to-trough decline in equity; know whether the firm measures balance or equity and if the trail is static or trailing.
Expectancy — average R outcome of a large sample of trades under a defined process.
Magic number — EA identifier tagging orders so logics do not trip over each other.
Session overlap — hours when two major FX hubs are open; often higher volume.
Risk of ruin — probability that a sizing scheme extinguishes the account given an assumed edge and variance.
Self-run — EA purchased and operated without a recurring profit-share to Jireh.
Managed account — seat under optional Jireh management with per-account performance share on profitable months.