Advanced Options
Handle Canceled Trade Idea
6 min
what is the handle canceled trade idea feature? this feature allows users to specify how their smart assist should respond when a trade idea provider cancels a signal it provides two main options for managing canceled signals options available close order instantly closes the trade immediately at the current market price, regardless of profit or loss conditional closure based on profit pips closes trades below a specified profit threshold or moves the stop loss to breakeven for profitable trades how to set up to configure this feature navigate to the 'trigger condition' step in the assist setup select one of the two options for 'handling canceled trade idea' if choosing "conditional closure", set a profit threshold examples example 1 close order instantly scenario you have an open trade based on a signal that gets canceled by the provider action the smart assist closes the trade immediately at the current market price, regardless of profit or loss example 2 conditional closure based on profit pips scenario 1 your trade is currently at 12 pips, and you've set the profit threshold to +10 pips action the smart assist closes the trade since it's below the profit threshold scenario 2 your trade is currently at +15 pips, and you've set the profit threshold to +10 pips action the smart assist moves the stop loss to breakeven(open price +/ threshold depends on the order direction), protecting your profit benefits provides automated risk management for canceled signals offers flexibility in handling different market scenarios helps safeguard positions and potentially lock in profits remember to regularly review and adjust your settings based on market conditions and your trading strategy