An exit strategy, as you might expect, is the counterpart to an entry strategy. It defines when and how you want to exit the market. It consists of one or more conditions that will trigger a market order to close the position opened by your entry strategy.
To set up your exit strategy, simply write it out as a sentence, just like you did with your entry strategy.
By default, your strategy runs only once, meaning it will trigger your entry strategy a single time. If you want the strategy to loop, continuously entering and exiting positions, simply toggle the switch in the exit step of the Wizard. Once set to loop, the strategy will return to monitoring the entry strategy after executing the exit actions.
Please note that defining an exit strategy is optional. If you choose not to set one, two things will happen:
The system will not monitor your position for closing, so you’ll need to exit it manually.
The strategy will only run once, not in a loop.
Once you're done setting up your exit strategy, click Next to move on to the final step: confirmation.