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Stop Wait Trade Triggers

What is Stop Wait Trade Triggers?​

The Stop Wait Trade Triggers action allows users to cancel all pending trades that are in "Wait & Trade" mode.
It ensures that any waiting orders are removed before placing new trades or stopping them altogether.

How Stop Wait Trade Triggers Works​

  1. A condition is evaluated.
  2. If the condition is true, the Stop Wait Trade Triggers action is executed.
  3. The system clears all pending triggers, preventing delayed execution of previous orders.

Why Use Stop Wait Trade Triggers?​

✅ Avoid executing old trade triggers – Prevents outdated trade setups from being triggered later.
✅ Reset strategy execution – Clears all existing triggers before placing new orders.
✅ Better trade control – Helps manage pending trades effectively based on changing market conditions.

Use Case Example: Stop & Re-enter Strategy​

A user might use this action in an RSI-based breakout strategy as follows:

  1. Condition: "RSI crosses below 30"
  2. Action 1: Stop all wait trade triggers (to cancel old triggers)
  3. Action 2: Place a new Buy order

📌 This ensures that only fresh trade signals are executed, avoiding conflicts with past pending trades.

Next Steps​

✅ Use Stop Wait Trade Triggers to clear outdated trade setups.
✅ Combine with Square Off All Positions for a complete strategy reset.
✅ Test using Backtesting to analyze performance.