Cancel open order wait time

Cancel open order wait time is the maximum time TradersPost waits for the pre-submit open orders cancel step to finish.

Flow when Cancel existing open orders before placing new orders is on:

1. Receive entry/exit signal.
2. Cancel existing open orders for that ticker.
3. Wait up to this configured limit for those cancel targets to become no longer open (canceled, filled, expired, rejected, and similar finished statuses — not only a confirmed cancel).
4. After a wait that lasted long enough for the live position to possibly change, TradersPost re-checks the broker position and may adjust or stop the planned exit/entry before submitting it.
5. Submit the new entry/exit order only if step 3 succeeds in time and step 4 does not fail closed.

If cancel targets are still open when this time elapses, the trade fails and the new entry/exit order is not submitted.

The default is 120 seconds. The minimum is 60 seconds and the maximum is 300 seconds.

This setting applies only to canceling existing open orders before placement. It does not control delayed cancellation of newly submitted orders; use Cancel open entry order after delay and Cancel open exit order after delay for that behavior.

Order canceling is off by default. You can enable it in the Open Orders section of your subscription settings. We recommend enabling it when your strategy sends exits and broker-side TP/SL orders may need to be canceled first.