The terms behind the audit

The words strategy sellers use, defined plainly.

Measured odds. No trade calls. what this means →

• Bid/ask spread
• Continuous (back-adjusted) futures contract
• Cost-fatal
• DCA (dollar-cost averaging, trading-bot sense)
• Dealer gamma / GEX
• Drawdown
• Grid trading
• Intermarket analysis
• Intrabar / bar-by-bar fill assumption
• Look-ahead bias
• Martingale
• Multiple testing / data-snooping
• No real edge (no gross edge)
• Overfitting / curve-fitting
• Placebo / permutation test
• Pre-FOMC drift
• Profit factor
• Real yields (real interest rates)
• Repainting (indicators)
• Second moment (direction vs volatility)
• Sharpe ratio
• Slippage
• Tail-concentrated (jackpot)
• Tick data
• Trend-beta
• Volatility risk premium (VRP)
• Walk-forward / out-of-sample
• Win rate