Smart Orders: Time based Expiration / Entry Order Expiration
Time based expiration / Entry Order Expiration
The Time based expiration can only be added when creating an Entry Order.
It's purpose is to automatically cancel your Entry Order (and position) after a specified period of time has elapsed.
The time is calculated from when you submit your Entry Order.
This can be useful when trading a market that is moving quickly: if your entry has not filled within a period of time, and you believe it is unlikely to fill.
The Time based expiration can be used with all Entry Order types: Market, Limit, Stop Order, Trailing Stop and Ladder. And with long or short positions.
Where your Entry includes multiple orders (e.g. a Ladder Order), all related Entry Orders will be cancelled when the Expiry time has elapsed.
How to Set the Entry Order Expiration
Create your Entry Order as usual
Open the Smart Orders
Switch on Entry Order Expiration
Choose whether you wish to specify Minutes, Hours or Days
To specify the amount of time (marked in blue above) either:
select the number in the box and overtype it. To select the number either click with a mouse, or use Shift + arrow key
move the slider on the right
Valid settings are:
1 to 60 minutes
1 to 24 hours
1 to 30 days
Once the order is placed
During the timer period, if the entry is filled or partly filled, the timer is cancelled and the position continues.
An unfilled position will be visible in My Positions
If no entries have filled or partially filled when the expiration time is reached:
a notitifcation message is sent
all entry orders and pending exit orders are cancelled
the position is cancelled and will no longer be visible in My Positions
Updated on: 28/03/2023