On the Order form - switch to the Intraday section and select the Bracket order product type.
Enter the Quantity and Buying Limit Price.
Under the Bracket order section, Define the Stoploss spread, along with the Trailing stoploss value and the Target spread.
Example of a Buy trailing stoploss
- Buy at a limit price of 100, with a stoploss spread of 5, target spread of 5, and trailing stoploss of 2.
- Buy order gets completed at LTP 100, stoploss trigger at 95, target at 105.
- If LTP rises by 2 i.e. at LTP 102 the stoploss trigger value will get modified to 97.
- For every 2 movement in LTP, stoploss trigger will move by minimum 2 rupee points in the same direction.
- Here do note that, if in the case LTP moves by 3 rupee points, the stoploss trigger will also move by 3 rupee points, i.e. every instance the system will honor a minimum change of 2 rupee points.
Example of a Sell trailing stoploss
Sell at a limit price of 100, with a stoploss spread of 5, target spread of 5, and trailing stop loss of 2.
Sell order gets completed at LTP 100, stoploss trigger at 105, target at 95.
If LTP falls by 2 i.e. at LTP 98 the stoploss trigger value will get changed to 103.
For every 2 movement in LTP, stoploss trigger will move by minimum 2 rupee points in the same direction.
Here do note that, if in the case LTP moves by 3 rupee points, the stoploss trigger will also move by 3 rupee points, i.e. every instance the system will honor a minimum change of 2 rupee points.