Glossary

Plain-English definitions of terms used across Formion.

FORA — Formion’s conversational AI assistant (Telegram + web) that can analyze, scan and place trades on your connected accounts. See FORA.
AI Advisor — the in-app AI hub: Quick Advisor (ranked ideas), AI Chat, Track Record and Trade Vision. See AI Advisor.
Multi-AI Consensus — a multi-agent AI pipeline that analyses a symbol from several angles and returns a combined BUY / HOLD / SELL view.
BYOK — Bring Your Own Key: connect your own AI provider key for AI usage billed by your provider.
Non-custodial — Formion never holds your funds; it connects via API and can’t withdraw. Formion Wallet is self-custody (only you hold the key). Exception: Dossier Autopilot trades from a separate auto-trade wallet whose key is held by the Formion signer; withdrawals go only to your verified wallet.
Paper trading — simulated trading with no real money, used to validate a strategy.
FOM — Formion’s ERC-20 token on Base, fixed supply of 1,000,000,000 (minted once); held in a verified wallet or locked for FORA Agent levels (the higher levels include a licence), paid monthly for Dossier Autopilot (50% burned), spent on agent credits and add-ons. See FOM.

CEX — centralized exchange (Binance, Bybit, …). DEX — decentralized exchange (Hyperliquid, Bluefin, …).
Spot — buying/selling the asset itself. Futures / Perp — a leveraged contract that tracks the price; a perpetual has no expiry.
Leverage — trading a position larger than your margin (e.g. 5×). Amplifies gains and losses.
Funding rate — periodic payment between long and short perp holders; extreme funding is a signal (and a carry opportunity).
Prediction market — markets on real-world outcomes (Polymarket, Kalshi, Limitless).

Reduce-only — an order that can only shrink/close a position, never open or flip one (used for safe exits).
Stop-loss (SL) / Take-profit (TP) — orders that close a position at a loss limit / profit target.
DCA — Dollar-Cost Averaging: entering in steps rather than all at once.
Grid — placing a ladder of buy/sell orders across a price range.
Drawdown — the drop from a peak to a trough in your equity.

SMC — Smart Money Concepts: FVG (fair-value gap), Order Block, Liquidity Pool, Breaker, Mitigation.
FormionTSI — Formion’s proprietary True-Strength-Index–based indicator with a nightly tuner.
GEX — Gamma Exposure: dealer options positioning that can pin or accelerate price.
Footprint / DOM — order-flow views (volume traded at each price / the live order-book ladder).
Liquidity Map — Formion’s recording of resting order-book liquidity across 11 markets (BTC, ETH, SOL, HYPE), shown over time and price; a Context signal, not a forecast. See Liquidity Map.
Liquidity Tracker — bid vs ask liquidity weighted by distance from each venue’s best price (half-life H 25 or 100 bp). See Liquidity Map.

Backtest — running a strategy over historical data to estimate performance.
Walk-forward — validating a strategy on unseen data after optimizing on a prior window (guards against overfitting).
Prop-firm simulator — will estimate the pass-rate of a strategy against funded-account (FTMO-style) rules. Coming soon (Pro and Institutional).
Win rate — % of trades that are profitable. Profit factor — gross profit ÷ gross loss.
Expectancy — average profit/loss per trade. Equity curve — your balance over time.

Pulse Score — Formion Pulse’s 0–100 narrative-sentiment reading, blending X & YouTube influencers, crowd chatter, Fear & Greed and BTC bias. 50 = balanced; higher = more bullish. See Formion Pulse.
Bias Map — the Screener’s market-wide confluence heatmap across 5 timeframes (5m→1d) with an anchor score; green = long bias, red = short.
Strategy Finder — AutoML in the Strategy Lab: enter only a symbol and it searches strategy families + parameters for what historically had an edge.
Edge Map — per-signal expectancy view in Analytics — does this signal actually pay?
CHART READ — a Pulse label for a stance derived by a vision model reading the chart inside a screenshot, not the post’s text.
Accuracy Leaderboard — Pulse’s scoreboard of influencers, each call checked against real price at +24h / +72h / +7d.
cTrader — broker connection for forex and CFD accounts through OAuth.
Command Center — the dashboard launcher for FORA text and voice.
Funding Carry — research into paired perpetual funding across venues.
Permit — ERC-20 approval by signature supported by FOM.