The manual says:

Quote:
TimeWait
When an enter command is given, wait the given number of bars (default: 1) until the entry condition (Entry) is met; otherwise cancel the trade. A "Missed Entry" message is then printed to the log file.


TimeWait is the MAXIMUM time to wait for the entry condition to be met before bailing out with the error.
The trade will be entered as soon as the condition is met, so immediately if enter at market and market is open.


@PriNova: yes, i am Squalou from FF and Steve's forums...
So you are the cointegration guy ? !!
Your thread and research have attracted a lot of people there!
I must say we are missing you!
How is cointegtration going ?