Cancel wait timeout

When order canceling is enabled, TradersPost will cancel all open orders for the specified ticker before sending the exit and/or entry order to the broker. TradersPost will wait for the configured Cancel wait timeout for the orders to be fully canceled; if they are not canceled within the allowed timeout, the trade will be failed and the exit and/or entry order will not be submitted to the broker.

The default Cancel wait timeout is set to 120 seconds and you can customize this value in your strategy settings. The minimum value is 60 seconds and the maximum value is 300 seconds.

Order canceling is off by default. You can enable it in the Cancel section of your strategy or subscription settings. We recommend enabling order canceling when your strategy sends exit signals and you use take profit or stop loss with your entry order, so that those orders are canceled before an exit is submitted. If you only send entries and rely on the broker's TP/SL to close the position, order canceling is not required.