Exit Time
In this summary, we explore how to set the Exit Time for your trades, mirroring the flexibility you had with the Entry Time.
📅 Exit Timing:
- You can configure your Exit Time to align with either Relative Time or Absolute Time—whichever you selected during the entry phase. This includes choosing between official or actual start time.
🕒 Setting the Time Window:
- Unlike the entry settings, here you only need to adjust one slider, which determines when your trade will be closed. The left-most position of the slider aligns with your Entry Time, and the right-most position can be set to Race End, meaning the software will look to close your trade anytime between your entry and the race’s conclusion.
- If you choose to restrict the Exit Time, the trade will be automatically closed at the selected time, regardless of whether your exit conditions have been met.
💡 Example:
- Imagine you open a trade one hour before a race at a Price of 10. You set the Exit Price at 5 and a Stop Loss at 15. If you do not want your trade to continue into the in-running market, you can set the Exit Time to just before the Race Start. This ensures that all trades are closed before the race begins.
Key Concepts:
- Exit Time settings allow you to control precisely when your trades are closed, ensuring that you can exit at the most strategic moment without risking unexpected in-running market conditions.