Is an open trade updated/cancelled automatically when the signal is edited/canceled?

If the trade was opened automatically (by a Signals Bot), it will be updated and cancelled automatically, with no further actions from your side.

Meaning, any price edit, order edit, cancellation of the signal etc, will be automatically applied on your trade.

If the trade was opened by clicking the "One Click Follow" button, it will be considered a Semi-automated trade.
A Semi-automated trade won't be updated/ cancelled automatically when the signal is edited, and you'll need to update/ close it by clicking the "One Click Edit" or "One Click Close" buttons on the channel.

The buttons:

Follow the signal:

Apply the signal's edits on your trade:

Close the trade:

Note:

When an Automated trade is edited, it becomes a Semi-automated trade, and will act like any other semi-automated trade from this point on. Meaning, if the signal will be edited or cancelled, your trade will not get those updates automatically and you'll have to update or close the trade manually.