Strategy Field

Exit wait timeout

When TradersPost receives a signal to exit an open position AND enter a new position on the other side, we will wait for the exit order to fully fill before submitting the entry order. This is to ensure that the exit order is fully executed and filled before the entry order is submitted. The default Exit 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.

If the exit order is not filled within the allowed exit wait timeout, then the trade will be failed and if there is an entry order for the trade, it will not be submitted to the broker. The exit order will remain open in the broker and you will need to take manual action. TradersPost will not cancel it.

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TradersPost operates as a non-custodial automated trading platform, enabling users to connect alerts from their preferred trading platforms to their selected brokerage or exchange accounts. It abstains from the transmission, custody, or management of customer funds, covering both traditional and cryptocurrency assets. Typically, registration requirements set by regulatory entities such as the SEC, FINRA, or FinCEN apply to entities that hold or transmit customer funds. To ensure ongoing compliance, TradersPost regularly engages with regulatory authorities to confirm its adherence to all relevant local and federal laws.

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