Glossary

This glossary explains common terms used inside Bluechip Algos documentation and app screens.

Examples use a simple BUY option trade at Rs 100 wherever possible so beginners can understand the meaning quickly.

Your Bluechip Algos login account.

It is different from your broker account. Platform password changes do not change broker password.

Signing in to Bluechip Algos using your email/username, password, and 2FA code if enabled.

Use Login before live actions such as saving strategies, connecting broker, or placing orders.

An extra login safety step using a 6-digit authenticator app code.

Apps such as Google Authenticator, Microsoft Authenticator, or Authy can generate the code.

Product access for a specific app such as Trade Bridge, Trade Bots, or Trade Scalper.

If subscription is inactive, live actions can be blocked even if you can open some screens.

Temporary product access for evaluation.

Trial accounts still need normal safety checks such as broker assignment, broker credentials, and broker connection for live actions.

Logged-out or demo-style view used for learning screens.

Preview cannot place real broker orders or save real account data.

Mode where actions can go to the connected broker account.

Use it only after confirming subscription, broker, quantity, symbol, and risk controls.

Practice/simulation style mode where available.

Forward Testing is not the same as broker live trading.

Broker means the trading account provider connected to the platform.

Bluechip Algos supports , , , , , , ,  and .

The broker login/trading account assigned to your Bluechip Algos user.

Broker accounts are assigned by admin/support. Clients cannot add random broker accounts from Settings.

Your broker account ID.

In Settings, this is disabled and cannot be edited by the client because it is controlled from backend/admin.

A key generated from the broker API/developer portal.

It helps the platform connect to your broker API. Enter it exactly as broker provides it.

A private secret generated from the broker API/developer portal where required.

Do not share it publicly. Hide it in screenshots.

A fixed server IP that some brokers require for API access.

It is not your home Wi-Fi IP or mobile IP. Use only the static IP shared by Bluechip Algos support.

A list of IPs allowed inside the broker API portal.

If the correct static IP is not whitelisted, broker login or orders may fail.

URL used by broker login flow to return back to the platform after authentication.

If broker asks for this, copy the exact URL shown in Settings where available.

The active broker login/API connection.

Many broker sessions expire daily. Reconnect from Settings when needed.

Connected means broker session is active. Expired means reconnect is needed. Invalid means credentials, token, static IP, or broker login may be wrong.

Live broker orders need a valid connected broker session.

Time-based one-time password used by some brokers/authenticator apps.

It changes regularly. Do not share TOTP secret key publicly.

App that converts TradingView, Python, and other external signals to trading strategies.

Use it when signal generation happens outside Bluechip Algos.

App for time-based straddle and strangle strategies.

Use it when entries/exits are based on schedule and saved strategy rules.

App for indicator-based strategy building.

It watches conditions such as RSI, EMA, and MACD on official candles and trades your configured legs when they match.

Discretionary trading app for fast manual entries/exits.

Useful for scalpers and intraday traders who manually decide trades.

The discretionary terminal for option traders who change a position after it is open: one click moves a leg to another strike, adds or removes lots, or puts a stop loss and a target on it.

It also has a Strategy Builder for composing a multi-leg position and seeing its payoff before placing it. See Trade Disc: Getting Started.

The discretionary app for trading options from the chart: the entry, stop loss and target are lines on the candles, and dragging a line changes the trade.

Each chart can also show chart and candlestick patterns, trend lines, indicators and your own drawn lines. See Trade Charts: Getting Started.

A saved set of rules that decides when and how trades should be placed.

Example: one Trade Bridge strategy can have Long Signal and Short Signal blocks.

A trigger or rule section that starts trading activity.

Trade Bridge can have Long/Short signals. Trade Bots can have a scheduled signal.

One instrument/order inside a strategy or signal.

Example: CE BUY and PE BUY are two separate legs. Each leg can have its own quantity, SL, target, and status.

A URL used by an external system such as TradingView to send a signal to Trade Bridge.

Keep webhook URL/token private. Anyone with a valid webhook may trigger actions.

Secret token inside or linked to a webhook URL.

Treat it like a password. Do not post it publicly.

A chart calculation such as RSI, EMA, or MACD.

Trade Builder is planned for indicator-based signals.

The base symbol/index/commodity used for a derivative.

Example: NIFTY is the underlying for NIFTY option contracts.

The market symbol or trading symbol shown by the app/broker.

Always confirm symbol before placing live orders.

The exchange where the instrument is traded, such as NSE, BSE, NFO, BFO, or MCX where supported.

Exchange matters because the same-looking symbol can differ by exchange/segment.

Market category such as Index Options, Index Futures, MCX Options, MCX Futures, or Equity.

The selected segment controls available instruments and panels.

A derivative contract with CE or PE side.

Option price can move quickly and can lose value fast.

CE means Call option.

Call options usually benefit when the underlying moves upward, but option behavior also depends on time, volatility, and strike.

PE means Put option.

Put options usually benefit when the underlying moves downward, but option behavior also depends on time, volatility, and strike.

A futures contract.

Futures usually have higher margin and risk than buying options.

A stock/cash market instrument.

Equity trading behavior differs from options/futures.

The date when an option/future contract expires.

Weekly and monthly expiries are different contracts even if strike is same.

Current weekly expiry selection.

Used for option strike/expiry workflows where weekly contracts are available.

Current monthly expiry selection.

Used for monthly contracts. BANKNIFTY and MCX underlyings may default to monthly in dashboard logic.

The fixed option level such as 23800, 23900, or 24000.

For options, always confirm underlying, expiry, strike, and CE/PE together.

At The Money. Strike near the current underlying/reference price.

Example: if NIFTY is around 24010, 24000 strike may be near ATM.

In The Money.

A call is ITM when underlying is above strike. A put is ITM when underlying is below strike.

Out of The Money.

A call is OTM when underlying is below strike. A put is OTM when underlying is above strike.

Table showing call and put option strikes with prices and related data.

Trade Scalper uses option chain for selecting option contracts and quick actions.

Last Traded Price.

The latest available traded price used for display, P&L, and some risk checks.

Bid is a price buyers are offering. Ask is a price sellers are asking.

A wide bid-ask spread can increase slippage.

Open Interest means number of outstanding derivative contracts.

High OI can indicate active interest, but it does not guarantee direction.

How much trading happened in that instrument for a period/day.

Higher volume usually means better activity, but still check spread and liquidity.

Market expectation of option volatility.

Higher IV usually makes option premiums more expensive.

Option Greek that roughly shows how much option price may change for a 1 point move in underlying.

Delta is approximate and changes as market moves.

Option Greek related to time decay.

Options can lose value as time passes even if underlying does not move.

Option Greek that shows how delta can change as underlying moves.

Gamma risk can be high near expiry.

Option Greek related to volatility change.

If IV changes, option premium can change even without a big underlying move.

A request to buy, sell, exit, or cancel a trade at broker/platform.

Orders can be pending, open, complete, rejected, or cancelled.

Order used to enter a new trade/position.

Example: BUY one option at Rs 100 is an entry order.

Order used to close an open position.

Example: SELL the option bought at Rs 100 to close the BUY position.

Order intended to execute immediately at available market price.

Some broker APIs may use buffered limit behavior for market-intent workflows.

Order with a specified price condition.

BUY limit should usually be below current LTP. SELL limit should usually be above current LTP.

Price that activates an order condition.

Used in stop-loss or Buy Above/Sell Below style orders.

Order style where trigger and price are used together.

For BUY, trigger must be less than price. For SELL, trigger must be more than price in the current dashboard validation.

Trade Scalper order type that watches an underlying trigger level.

It needs a trigger level in Price.

Broker product such as MIS, NRML, or CNC.

Product type affects margin, intraday/positional behavior, and broker rules.

Intraday broker product type where supported.

Usually meant for same-day trading and may be squared off by broker rules.

Positional/carry-forward derivative product type where supported.

Margin rules can differ from MIS.

Cash-and-carry equity product type where supported.

Usually used for delivery-style equity trades.

How much is being traded.

For options/futures, quantity can represent lots or units depending on display and broker rules.

Standard contract quantity for derivatives.

Example: 1 lot means one exchange-defined lot, not always one single unit.

Quantity that actually got executed.

If requested quantity is 4 but only 2 execute, filled qty is 2.

Average execution price across fills.

If part fills at Rs 100 and part at Rs 102, average can be around Rs 101 depending on quantity.

Order ID returned by broker.

Shown in Analytics/admin investigation views when needed; hidden from normal client order screens.

Platform-side order reference.

Shown in Analytics/admin investigation views when needed; hidden from normal client order screens.

Platform-side trade/execution reference.

Shown in Analytics/admin investigation views when needed; hidden from normal client order screens.

Platform-side leg reference inside a trade.

Useful when only one leg has an issue.

Order has been created/sent but is not final yet.

Do not assume it is filled.

Broker accepted the order but it is not fully complete yet.

A limit order can stay open while waiting for price.

Broker/platform indicates the order is completed/filled.

For exit, this usually means that leg/position has closed.

Broker or platform did not accept the order.

Check Orders message/friendly reason.

Order was cancelled before full completion.

Check whether any partial fill happened before cancellation.

Only part of the requested quantity executed.

Remaining quantity may stay open, be cancelled, or be rejected.

Risk level where the system should exit to limit loss.

Simple BUY example: entry Rs 100, SL 10 points means exit at Rs 90.

Profit level where the system should exit to book profit.

Simple BUY example: entry Rs 100, target 30 points means exit at Rs 130.

Stop loss that moves in your favor as profit increases.

Example: entry Rs 100, initial SL Rs 90, X 10 and Y 5. At price Rs 110, SL moves to Rs 95. At Rs 120, SL moves to Rs 100.

The favorable move needed before trailing SL shifts.

Example: X 10 means every 10 point favorable move can trigger a trail step.

How much the SL shifts when trailing step is reached.

Example: Y 5 means SL shifts by 5 points each completed trail step.

Moves stop loss to entry cost after a configured favorable move.

Example: BUY at Rs 100 with SL Rs 90 and T2C 20 points. When price reaches Rs 120, SL can move to Rs 100.

Trade Scalper action that tries to move SL to cost immediately for a profitable active trade.

It is blocked if the trade is not in profit.

Current running profit or loss based on latest available price.

Example: BUY at Rs 100 and LTP Rs 130 with quantity 1 means MTM is around Rs 30 profit before charges.

Stop-loss based on combined MTM of a signal or group, not one leg price.

Example: two legs together show Rs 500 loss; an Overall SL of Rs 500 can trigger group exit.

Target based on combined MTM of a signal or group.

Example: two legs together show Rs 1000 profit; an Overall Target of Rs 1000 can trigger group exit.

The whole day’s profit or loss for one book — what is already booked on closed trades plus the open trades’ running MTM. Live and Forward Testing are counted separately.

Trade Scalper global controls can use this for profit/loss exits.

Feature that starts protecting profit after profit crosses a configured level.

Exact field names in the tool are If Profit Reach, Lock Min Profit At, Increase in Profits, and Trail Min Profit By.

If Profit Reach is the first open-profit level where protection starts. Lock Min Profit At is the minimum profit you want to protect after that first level is reached.

Increase in Profits is the next profit step. Trail Min Profit By is how much the protected minimum profit increases after each step.

Example: If Profit Reach is Rs 1000 and Lock Min Profit At is Rs 500, then when open profit reaches Rs 1000, the system starts protecting Rs 500. If profit later falls to Rs 500, exit can trigger.

Continuing the same example: if Increase in Profits is Rs 500 and Trail Min Profit By is Rs 250, protected profit becomes Rs 750 when open profit reaches Rs 1500. It becomes Rs 1000 when open profit reaches Rs 2000.

Exit condition based on underlying/index price.

Example: exit NIFTY option trades if NIFTY reaches 24000 or falls to 23800.

Stop-loss trigger-to-limit price gap used for broker terminal SL orders.

A larger gap may improve execution chance but can increase slippage.

Emergency control to stop/exit active trading and block new entries.

Once ON it cannot be turned OFF the same day (a SEBI rule); it resets the next trading day. Use the Exit buttons to close open positions.

Use carefully. It is meant for urgent risk control.

Setting that controls whether protective SL/Target orders are placed in broker terminal where supported.

Options may include SL, Target, Both, or None depending on app.

Delay in seconds before an exit action is attempted where supported.

Use carefully because delay can change actual exit price in fast markets.

Time when the system should exit a leg if it is still open.

Example: Auto Exit Time 15:15 means try to close around 3:15 PM IST.

Maximum number of active executions allowed for a signal/strategy.

Beginners should keep it low to avoid repeated accidental entries.

Main monitoring/trading screen for an app.

Dashboards show active status, P&L, controls, and actions.

Small price view for important symbols.

It is only a price reference, not order-fill confirmation.

Open/running trades.

Closed trades move to Orders/Analytics history.

Page showing order history/status and broker/platform messages.

Use it to find why an order failed.

Performance/report page for historical trade results.

Use filters, summary metrics, charts, trade details, and export where available.

Profit/loss from closed trades.

It is no longer changing for that closed trade, except corrections/reconciliation.

Running profit/loss from open trades.

It changes with LTP.

Realized plus unrealized P&L.

Example: realized Rs 500 profit and unrealized Rs 200 loss means net Rs 300 profit.

Fall from a previous profit high point.

Example: profit reaches Rs 5000, then falls to Rs 3500. Drawdown is Rs 1500.

Percentage of trades closed in profit.

6 winners out of 10 trades means 60% win rate.

Total profit from winners divided by total loss from losers.

Above 1 means gross profit is greater than gross loss.

Average expected result per trade based on selected data.

If 10 trades made Rs 1000 total, expectancy is Rs 100 per trade before charges.

Line showing cumulative P&L over time.

Rising line means selected trades made money overall.

Row-level table in Analytics.

Shows product, entry time, Trade Ref, Leg Ref, Order Ref, Broker Order ID, strategy, signal, symbol, broker, qty, entry, exit, P&L, status, and exit reason.

Downloadable file for offline review.

Do not share publicly because it can contain trade history and broker references.

Simplified error/rejection explanation shown to users.

Read it before checking raw broker text.

Original or detailed broker/platform message.

Can be technical but helps support investigate.

Money or collateral required by broker for a trade.

Insufficient margin/funds can reject an order.

Exchange/broker maximum quantity allowed in one order.

If quantity is too high, order can be rejected.

Old or not-fresh market data.

Platform may block live action instead of using unsafe stale price.

Difference between expected price and actual fill price.

Fast markets and low liquidity can increase slippage.

Broker’s own trading app/website.

For urgent live risk, broker terminal is the final place to confirm/manage live positions.

Reference used for support, such as Leg Ref in Orders or fuller IDs in Analytics/admin.

Send Leg Ref with app name, broker, symbol, time, and the visible message.

Bluechip Algos support contact mentioned in docs: 9398840360.

Use it for technical, broker setup, static IP, API, or order-related issues.