---
title: "Two-condition combination"
description: "Two-condition combination is how a strategy's two risk conditions work together: they combine with Or, so either one triggering switches it to Risk-Off."
canonical_url: "https://fincanva.com/glossary/two-condition-combination"
last_updated: "2026-10-06"
md_url: "https://fincanva.com/glossary/two-condition-combination.md"
---

# Two-condition combination

Two-condition combination is how a [strategy](/glossary/strategy)'s two [risk conditions](/glossary/risk-condition) work together: they combine with **Or**, so the strategy switches to its Risk-Off allocation as soon as *either* condition triggers — the two never have to agree. A strategy holds at most two conditions, a first and a second.

**Also seen as:** Or logic

## How does Fincanva handle it?

A strategy's Risk card stacks its two conditions one under the other, with a divider reading Or between them, and below them what Risk-Off holds: either condition alone switches the strategy.

- At most two conditions; there is no third slot. Removing the first moves the second into its place rather than leaving a gap.
- The join is always Or and is not configurable: no And/Or picker exists in the app.
- Because either condition alone is enough, a second condition makes a strategy flip to Risk-Off *more* often, not less.
- Each condition keeps its own behaviour settings, so one can act immediately while the other waits out its [confirmation delay](/glossary/confirmation-delay).
- In [Step by step](/glossary/step-by-step), the **Risk and exits** chapter lists the conditions on its **When** page under the line "Go Risk-Off when any trigger fires:".

## What does it look like in practice?

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](/glossary/risk-off-canonicalization) explains what does happen when there is nothing to switch into.

## How do two risk conditions combine?

They combine with Or: whichever condition triggers flips the strategy to [Risk-Off](/glossary/risk-on-and-risk-off), and the other one's state does not matter. On the Settings page the **When** section stacks the conditions one under the other, and the divider drawn between the two condition rows reads "Or". With no condition the **When** section holds only **Add condition**, and the **Then** section shows Risk-Off switched off with "switches on when a condition fires" — until then the strategy stays in Risk-On.

## 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. What one condition can watch is on the [risk condition](/glossary/risk-condition#what-is-a-single-risk-condition-made-of) page.

Fincanva is for education and illustration only. It is not personalised financial advice, and past or simulated results do not predict future ones. [Read the Terms Addendum](https://fincanva.com/terms/addendum#section-3)