Stop Timeout Configuration:
Main Menu > Bot Configurations > Trading > client name > Stop-loss > Stop Timeout
*This configuration will apply both for auto-trades and manual trades.
The Stop Loss Timeout feature allows you to define a timeout period by which to delay the closing of a trade by a stop-loss order, in case you suspect the price will go up shortly, and you don't want to close (sell) your position immediately when reaching the stop-loss price.
How does it work?
When the price drops to or below the stop-loss level you set, the system will wait for the amount of time you defined, and when the time is out if the price is above the stop-loss price (as illustrated in the figure below), the stop-loss order won’t be executed and the trade will remain open.
If the price is still at or below the stop-loss price when the timeout passes (as illustrated in the figure below), the stop-loss order will be executed and the trade will be closed.
The stop-loss order execution decision will be taken only when the time out passes. Therefore, we should not expect to see the stop-loss order on the exchange before the timeout passes.
Please note that when the stop-loss order is executed after the timeout, it will be a market order and therefore will be executed immediately as timeout passes.