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Auto square-off
Also called: Auto square off, Automatic square-off, Auto exit, Square-off time
Meaning
Auto square-off is the automatic closing of open intraday positions at a set time or when a set profit or loss level is reached. Brokers square off at their own cutoff; tools like the RMS Tool let you set your own time and levels.
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This definition is for education only. It is not investment advice or a recommendation to use any strategy. Broker and exchange rules change from time to time, so check your broker's current rules.