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Limit Orders That Expire When You Want Them To

Unfilled limits now expire after thirty minutes by default instead of four hours, with anything up to ten days available when a channel needs it.

Áron LukácsAugust 26, 20262 min read
Limit Orders That Expire When You Want Them To

A stale limit order is a trade you agreed to four hours ago, waiting patiently to be executed in a market that has moved on without you.

This is a real cost and it is specific to layered entries. Your Layer 1 fills at market, price runs in your favour, and your Layer 3 and Layer 4 limits are still sitting down in the zone. If price comes back hours later, for reasons that have nothing to do with the setup the provider described, those orders fill. You are now in a trade you no longer wanted, at a level that made sense under conditions that have expired, with a stop placed for a different market.

The default timeout on an unfilled limit order was four hours. It is now thirty minutes.

Why thirty

Because that is what people who thought about it chose.

Of the 299 active channel pairings in the product, 250 had inherited the four-hour value without ever selecting it. It was the default, so it was what they had. The remaining group, the ones who had opened the setting and made a decision, clustered around thirty minutes.

When the people who have considered a setting land somewhere and the people who have not are elsewhere, the default is in the wrong place. So we moved it.

The other direction

Some channels genuinely need long-lived orders. A swing provider posting a level they expect price to reach in three days is not being vague. That is the trade.

The ceiling went up to ten days for exactly that case. If your channel is a swing channel, set it long and ignore everything above.

What to actually do

Look at your channels one at a time and ask how long the entry is meant to stay valid. For a scalp channel, thirty minutes is generous. For an intraday channel, an hour or two. For a swing channel, days.

The wrong approach is to set one number across every channel, which is what a global default forces on you and what most people are still running.

Start a free 7-day trial at telegramtometatrader.com, or read what a layered entry is.

Áron Lukács

Áron Lukács

Founder & Developer at TTMT

I built TTMT because I was tired of missing trades while sleeping or working. After years of following signal providers manually, I created the automation tool I wished existed. Now I help traders like you copy signals effortlessly.

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