Stop loss cool-down and Emergency SL on a smart order
A stop-loss cool-down holds the stop back when it’s first hit, giving price a chance to recover instead of closing you out on a brief dip. An Emergency SL sits alongside it as a hard backstop.
What a cool-down does
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When your stop price is breached, the cool-down waits before actually closing the position. There are two kinds:
- Time: waits a Timeframe you set (say 10 minutes), then checks the price again. If price is back above the stop, the wait resets; if it’s still below, the stop fires.
- Candle Close: waits for a candle of the timeframe you choose (say 15 minutes) to close, and compares only that close to your stop. Wicks below the stop during the candle don’t trigger it: only the close counts.
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While a cool-down is running, the position shows Cooling Down, and reverts to Pending if price recovers past the stop. This repeats each time price breaches the stop.
Emergency SL
A cool-down is a deliberate delay, which is a risk if price gaps straight through. Emergency SL guards against that: set a price further from your entry than the main stop (lower for a long, higher for a short). If price reaches it while the cool-down is running, the cool-down is cancelled and the position closes immediately at market. It stays active throughout the cool-down, so a hard crash still closes you out.
Cool-down and futures
On futures, a cool-down and Altrady’s direct-on-exchange stop placement can’t both be used. If you set a cool-down, Altrady manages the stop itself rather than pre-placing it on the exchange. For how the plain stop is placed, see stop loss and protection modes.
Still stuck?
If a cool-down or Emergency SL didn’t behave as you set it, reach out through support chat with the market and the position and we’ll take a look.