Two-condition combination

Also seen as: Or logic, "Any match → Risk-Off" (the label shown above two configured conditions)

How do two risk conditions combine?

They combine with Or: whichever condition triggers flips the strategy to Risk-Off, and the other one's state does not matter. The app labels this above the conditions list — with two conditions configured it reads "Any match → Risk-Off"; with one, "Match → Risk-Off"; with none, "Always Risk-On" — and the divider drawn between the two condition rows reads "Or". The empty state states the baseline: "Without a condition, the strategy stays in Risk-On at all times."

Can you require both conditions to fire?

No. There is no And option in the app today, so you cannot ask a strategy to go defensive only when both conditions are triggered at once — two conditions always combine with Or. A stricter trigger has to come from the conditions themselves rather than from the way they are joined: a tighter threshold, a longer confirmation delay before a flip counts, or a single Double series condition that already encodes a relationship between two instruments. See risk conditions for what one condition can watch.

Defaults in Fincanva

• A strategy holds at most two risk conditions; there is no third slot.
• The two are joined with Or, and the join is not configurable — no And/Or picker exists in the app.
• Each condition keeps its own behavior settings, so one can act immediately while the other waits out a confirmation delay before it counts.
• Removing the first condition promotes the second into its place rather than leaving a gap.
• Because either condition alone is enough, adding a second condition makes a strategy flip to Risk-Off more often, not less.

Worked example

A strategy watches two things. The first condition is a single-series condition on a volatility index that triggers when the index crosses the Risk-Off threshold you set. The second is a "Double series" condition pitting a long-dated Treasury series against a short-dated one, triggering when the operator you chose is satisfied.

In a month where volatility spikes but the two Treasury series barely move, the first condition alone is enough — the strategy goes Risk-Off. In a later month where volatility is calm but the Treasury comparison flips, the second condition alone does it. There is no month in which both are needed, and no way to ask for both. If you wanted the strategy to hold its Risk-On allocation until both signals agreed, the two-condition slots cannot express that; Risk-Off canonicalization explains what does happen when there is nothing to switch into.