RightEdge - The Ultimate Backtesting and Trading System Development Platform

Timeout

Timeout orders are unique in that they are not actually submitted to the broker.  They are handled internally by RightEdge.

When a timeout value is set, RightEdge keeps track of the number of bars that the position has been open.  Once the number of bars specified has been reached, RightEdge will submit a market order to close the position at the open of the next bar.

Note: The order is submitted to close any open position when the timeout is hit regardless of if the position is profitable or not.

See Also

Analyzing System Results

Setting a Timeout