What is the Handle Canceled Indicator Feature?

This feature allows users to specify how their Strategy should respond when a provider cancels an indicator. It provides two main options for managing canceled indicators:

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:

1. Navigate to the 'Trigger Condition' step in the Assist setup.
2. Select one of the two options for 'Handling Canceled Indicator'.
3. If choosing "Conditional Closure", set a profit threshold.

Examples

Example 1: Close Order Instantly

Scenario: You have an open trade based on an indicator that gets canceled by the provider.

Action: The Strategy closes the trade immediately at the current market price, regardless of profit or loss.

Example 2: Conditional Closure Based on Profit Pips

Scenario 1 ( trade profit < threshold): Your trade is currently at -12 pips, and you've set the profit threshold to +10 pips.

Action: The Strategy closes the trade since it's below the profit threshold.

Scenario 2 ( trade profit => threshold): Your trade is currently at +15 pips, and you've set the profit threshold to +10 pips.

Action: The Strategy moves the stop loss to breakeven(open price +/- threshold depends on the order direction), protecting your profit.

Benefits