Greetings from AlgoTest! We have an exciting new feature update.
You now have the ability to square off a single leg in a strategy, at your discretion. This will not affect your other running or yet to be entered legs and will keep your overall strategy in running status. You will find this option under “VIEW TRADES”.
Once you press the button a popup will be triggered. This popup will confirm if you want to square off that particular leg or not.
At AlgoTest, we always want to give more control to our users and this feature helps us do that. The following table tells you how your other parameters will be affected if you choose to use this feature:
| Condition | Square off | Legwise Re-entry on SL/Tgt (Any) | Overall Re-entry SL/Tgt (Any) | Action |
| Time based Straddle | Partial | No | No | Can square off any of the legs based on your discreation. The rest of the legs will keep running as per defined conditions. |
| Time based Straddle | Complete | No | No | Can square off any of the legs based on your discreation. This will NOT trigger the Square off complete condition. The remaining legs will run as per their definied conditions. The Square off complete condition shall only be triggered once the remaining leg’s defined SL/TSL/TP gets hit. |
| Simple Momentum/ORB | Partial | No | No | The RUNNING LEGS can only be squared off. Once squared off, the strategy will remain in running state and the yet to be entered leg will wait for its conditions to be met. You cannot square off/cancel the order for the yet to be entered leg using this feature. |
| Simple Momentum/ORB | Complete | No | No | The RUNNING LEGS can only be squared off. Squaring off any one of the running legs shall NOT trigger the square off complete condition. The strategy shall remain in “Running” state and will wait for conditions to be fulfilled for the other leg. The square off complete condition shall only be triggered once the remaining leg’s defined SL/TSL/TP gets hit. |
| Time based IF | Partial | Yes | No | Can square off any of the legs. This would render the re-entry condition for that leg useless. The other legs along with their respective re-entry conditions shall keep running as per their defined conditions. |
| Time based IF | Complete | Yes | No | Can square off any of the legs. This will NOT trigger the square off complete condition or the Re-entry condition for the manually squared off leg. The square off complete condition shall only be triggered once the remaining leg’s defined SL/TSL/TP gets hit thus triggering the re-entry condition for all legs. |
| Simple Momentum/ORB | Partial | Yes | No | The RUNNING LEGS can only be squared off. Once squared off, the strategy will remain in running state and the yet to be entered leg will wait for its conditions to be met. The re-entry condition on the manually squared off leg will never be triggered. You cannot square off/cancel order for the yet to be entered leg. |
| Simple Momentum/ORB | Complete | Yes | No | The RUNNING LEGS can only be squared off. Squaring off any one of the running legs shall NOT trigger the square off complete condition or the re-entry condition for the squared off leg. The strategy shall remain in running state and will wait for conditions to be fulfilled for the other legs. Once any of the other legs enter and squares off due to their SL/TP/TSL condition being triggered only then will the square off complete & the Re-entry condition for all legs be triggered. |
| Time based IF | Partial | Yes | Yes | Can square off any of the legs. This would render the re-entry condition for that leg useless. The other legs along with their respective re-entry conditions shall keep running as per defined conditions. The Overall Re-entry condition will be triggered once the Overall SL/TSL/TP/LT hits. All your legs will square off and the strategy re-enrty will happen. |
| Time based IF | Complete | Yes | Yes | Can square off any of the legs. This will NOT trigger the square off complete condition. The square off complete condition shall only be triggered once the remaining leg’s defined SL/TSL/TP gets hit thus triggering the re-entry condition for all legs.The Overall Re-entry condition will be triggered once the Overall SL/TSL/TP/LT hits. All your legs will square off and the strategy re-enrty will happen. |
Thank you for choosing to automate your trades with AlgoTest!
