Glossary
Key terms and definitions used throughout Nyria.
This glossary defines key terms used throughout Nyria's platform and documentation. Understanding these terms will help you navigate the platform effectively.
Platform Terms
Strategy
The blueprint that defines how alerts are processed and what trading rules to apply.
A strategy includes:
- Alert Source - Where signals come from (TradingView, Discord, etc.)
- Equity Type - What you're trading (stocks, options, crypto)
- Trading Behavior - How to handle entries and exits
- Allowed Instruments - Which tickers can be traded
- Visibility - Public, private, or paywalled
Strategies don't execute trades directly—they define the rules that bots follow.
Bot
Your personal trading automation instance that copies a strategy.
A bot includes:
- Broker Integration - Which account to trade with
- Position Size - How much capital per trade
- Selected Instruments - Which tickers to trade (subset of strategy's allowed list)
- Overrides - Optional settings like force market orders
You can deploy multiple bots from the same strategy with different configurations.
Integration
A connected broker or exchange account used for trade execution.
Integrations use:
- OAuth - Secure authorization (Tradier, Schwab, tastytrade)
- API Keys - Direct API access (Binance, Alpaca)
Nyria never stores your broker login credentials.
Allocation
The maximum dollar amount deployed per entry signal across your bots.
Example: If you have a $20,000 allocation, you can deploy up to $20,000 per entry signal across all bots that might trigger on the same alert.
Allocation is not your account size—it's the maximum Nyria will deploy per signal.
Alert
A trading signal received from an external source that triggers potential trade execution.
Alerts can be:
- Entry alerts - Signals to open a position
- Exit alerts - Signals to close a position
- Directional - Long or short
Webhook
A URL endpoint that receives alerts from external services like TradingView.
When TradingView fires an alert, it sends an HTTP POST request to your webhook URL, which Nyria processes and potentially executes.
Trading Terms
Entry
Opening a new position by buying or selling an instrument.
- Long Entry - Buying with expectation price will rise
- Short Entry - Selling/shorting with expectation price will fall
Exit
Closing an existing position.
- Long Exit - Selling to close a long position
- Short Exit - Buying to close a short position (cover)
Position Size
The dollar amount or percentage allocated to each trade.
- Fixed Amount - e.g., $500 per trade
- Percentage - e.g., 5% of account balance
Paper Trading
Simulated trading without real money at risk.
Nyria Paper is our built-in paper trading environment. Some brokers also offer paper/sandbox APIs.
Market Order
An order to execute immediately at the best available price.
Pros: Guaranteed execution Cons: Price may slip in volatile markets
Limit Order
An order that only executes at your specified price or better.
Pros: Price control Cons: May not fill if price moves away
Slippage
The difference between expected price and actual fill price.
Common causes:
- Market volatility
- Low liquidity
- Order size relative to available volume
- Time delay between signal and execution
Options Terms
Internal Selection
Nyria automatically selects option contracts based on your configuration.
You specify:
- Delta target - e.g., 0.30 delta
- DTE range - e.g., 14-30 days to expiration
- Strike offset - e.g., 2 strikes from ATM
Nyria finds the contract matching your criteria at execution time.
External Selection
Your alerts specify the exact option contracts to trade.
The alert must include:
- Strike price
- Expiration date
- Option type (call/put)
Delta
A measure of how much an option's price moves relative to the underlying.
| Delta | Meaning |
|---|---|
| 0.50 | At-the-money (ATM) |
| 0.70+ | In-the-money (ITM) |
| 0.30 | Out-of-the-money (OTM) |
| -0.30 | OTM put |
DTE (Days to Expiration)
The number of days until an option contract expires.
- 0 DTE - Expires today
- 7 DTE - Expires in one week
- 45 DTE - Expires in ~6 weeks
Spread
An options strategy involving multiple legs (contracts).
Vertical Spread: Same expiration, different strikes Iron Condor: Four legs - two spreads (bullish and bearish)
Nyria supports up to 4-leg spreads.
Leg
A single option contract within a multi-leg spread.
An iron condor has 4 legs:
- Sell OTM put (credit)
- Buy further OTM put (protection)
- Sell OTM call (credit)
- Buy further OTM call (protection)
Strike Price
The price at which an option can be exercised.
- ITM (In The Money): Strike is favorable vs current price
- ATM (At The Money): Strike equals current price
- OTM (Out of The Money): Strike is unfavorable vs current price
BTO / STO / BTC / STC
Standard options order actions:
| Acronym | Meaning | Use |
|---|---|---|
| BTO | Buy To Open | Enter long position |
| STO | Sell To Open | Enter short position (write) |
| BTC | Buy To Close | Exit short position |
| STC | Sell To Close | Exit long position |
Crypto Terms
Spot Trading
Buying or selling the actual cryptocurrency for immediate settlement.
Perpetual Futures (Perps)
Derivative contracts that track spot price with no expiration date.
Key concepts:
- Leverage - Trade larger positions with less capital
- Funding Rate - Periodic payments between longs and shorts
- Liquidation - Forced position closure if margin depleted
Funding Rate
A payment exchanged between long and short perpetual futures holders, typically every 8 hours.
- Positive rate - Longs pay shorts (market is bullish)
- Negative rate - Shorts pay longs (market is bearish)
Leverage
Trading with borrowed capital to amplify gains (and losses).
Example: 5x leverage on $1,000 gives $5,000 exposure.
Leverage amplifies both gains and losses. A 20% move against you at 5x leverage = 100% loss (liquidation).
Liquidation
Forced closure of a leveraged position when margin is depleted.
Usually occurs when:
- Mark price moves significantly against your position
- You don't have enough margin to cover unrealized losses
Strategy Configuration Terms
Enter Direction
Entry behavior that opens a new position in the signal's direction.
- Long entry signal → Open long position
- Short entry signal → Open short position
Exit Opposite
Entry behavior that closes the opposite direction's position.
- Long entry signal → Close any short position
- Short entry signal → Close any long position
Useful for strategies that flip between directions without explicit exit signals.
Do Nothing
Ignore alerts for this direction entirely.
Use when:
- You only trade one direction
- You want to disable a direction temporarily
Pyramiding
Allowing multiple entries to accumulate a larger position.
- Disabled - Only one position at a time
- Enabled - Multiple entries allowed, each using your position size
Alert Source Terms
TradingView Variables
Dynamic placeholders TradingView replaces when firing alerts:
| Variable | Replaced With |
|---|---|
{{ticker}} | Instrument symbol (SPY, BTC, etc.) |
{{close}} | Current close price |
{{time}} | Alert timestamp |
{{interval}} | Timeframe (1m, 5m, 1D, etc.) |
Repainting
When an indicator or strategy shows different signals on historical bars than it showed in real-time.
Why it matters: A strategy that "repaints" will show perfect entries on historical charts but will not produce the same signals when trading live.
Webhook URL
The unique URL endpoint for receiving alerts for a specific strategy.
Each strategy has its own webhook URL containing a secure token. Keep this URL private.
Account Terms
Buying Power
The capital available for new trades in your broker account.
Factors affecting buying power:
- Cash balance
- Margin availability
- Open position margin requirements
- Pending orders
Margin
Borrowed funds from your broker to increase position size.
Margin Call: When your equity falls below required maintenance margin, you must deposit funds or close positions.
Pattern Day Trader (PDT)
SEC designation for traders who execute 4+ day trades within 5 business days.
If designated PDT:
- Must maintain $25,000+ equity
- Otherwise, trading restrictions apply
Applies to US accounts under $25,000.
Log & Status Terms
SUCCESS
A trade or operation completed successfully.
Logged with:
- Order ID from broker
- Fill details
- Executed quantity and price
WARN (Warning)
A non-critical issue that didn't prevent execution but should be noted.
Examples:
- No position found to exit (not necessarily an error)
- Partial fill on spread order
ERROR
A failure that prevented the intended action.
Common causes:
- Insufficient buying power
- Invalid instrument or strike
- Broker API error
- Order rejection
Reauth Required
Your broker connection needs to be reauthorized.
OAuth tokens expire periodically. Click to reconnect and complete the authorization flow again.
Related Resources
- Quick Start Guide - Get started with Nyria
- Known Limitations - Important platform limitations
- FAQ - Common questions answered
- Troubleshooting - Solve common issues