SL Time-out

SL Timeout is a function that delays execution of a Stop Loss order for a specified period of time and is used to reduce the risk of closing a position during short-term price spikes.

How it works

The price reaches the Stop Loss level or crosses it. Instead of immediate closing, a countdown timer is started for the specified time.

When the timer expires, the system checks the price again:

• if the price has moved back within the Stop Loss level, the position remains open and Stop Loss stays active;

• if the price is still beyond the Stop Loss level, the position is closed at the current market price.

When a long timeout interval is set, the potential loss on the trade can increase, because the market continues to move without Stop Loss being executed.

To enable SL Timeout, open the editing window for an active Smart Trade, then in the Stop Loss block turn on the timeout switch and set the execution delay.