Set up a risk condition

Before you start

You need a strategy open in its settings, with the Risk card visible — see Editing a strategy: the settings cards. For what the two regimes are before you configure one, see Risk conditions.

Steps

1. Open the strategy's Risk card and select Add a condition — or Add second condition if a first one already exists. Either opens the condition builder — "Configure a market condition that flips this strategy to its Risk-Off allocation."
2. Pick the shape from the Template rail on the left. A ready-made template fills the form in for you; the two blank ones are Single series — one instrument's indicator against two thresholds — and Double series, which compares two instruments directly with an operator. Whichever you pick, its name becomes the panel's title, with a Custom badge once you edit it.
3. Pick the Instrument under Series 1. (On a Double series condition you also fill in a Comparison series and an Operator.)
4. Choose the Indicator — Raw price, Simple moving average, Percent change, or Average momentum.
5. If the indicator you picked reads over a window, a Period field appears beside it; type how many periods it covers.
6. Set the two Thresholds: Risk-Off, the level that switches the strategy into its Risk-Off allocation, and Risk-On, the level that switches it back.
7. Under Behavior, set Confirmation delay (weeks) — "0 = act immediately.", 0 to 12 weeks — and toggle Auto-rebalance — "Trigger a rebalance when the condition flips." — on if you want a flip to trigger an extra rebalance right away instead of waiting for the next scheduled one.
8. Select Save condition.
9. Optional: repeat from step 1 and select Add second condition. Two conditions combine as "Any match → Risk-Off" — either one firing is enough.

What you should see

Your condition appears summarized on the Risk card — its instrument, indicator, and thresholds — with edit and remove actions next to it. A saved condition only changes what the strategy actually holds once its Risk-Off allocation is also set — see What Risk-Off does to your allocation and How Risk-Off affects when your strategy rebalances for how a flip reaches your holdings. Risk-Off profiles commonly hold a lower invested portion — more cash, less market exposure — see Invested capital and cash reserve. Take profit and stop loss are separate rules on the Position exits card, not part of a risk condition — see Position exits. Fincanva doesn't tell you which condition, indicator, or thresholds to set — see Is this financial advice?.

Common problems

"Enter a value."

A required field in the condition builder — the Instrument, a Period the indicator needs, or a threshold — was left empty. Fill it in before selecting Save condition.

"Confirmation delay must be between 0 and 12 weeks."

The Confirmation delay (weeks) field only accepts whole numbers from 0 to 12. Enter a value in that range — 0 acts immediately, 12 waits three months of confirmation before the strategy switches.