Once your strategy is in the Entered state, Streak tracks its SL & TP levels constantly in the backend on an LTP basis and an alert is only generated once the price breaches the levels.
As per your example, for a CNC strategy the price opens a 6% gap-up on the next day then an alert will be generated immediately as the TP level of 2% is breached. Please note the profit booked by the trade will depend on when the one-click actionable notification is placed by you.
To understand the order flow of a strategy refer below:
Hope this clarifies. If you have any more queries you can ask here and I’ll be happy to help. Alternatively, you can also reach out to us at [email protected]