Hi All,
I am looking for customized trailing stop loss software or any other method (Not Manual ) for Options trading based on the following conditions.
Let’s take the real example on 28-Aug-2020
Buy Indusindbk 640ce above 36.50 targets 39-45-50 SL 32.
Once I bought the above-said script my condition is given below.
When the script reaches a profit of 1200 my sell order will place at Rs.36.95.
When the script reaches a profit of 2200 my sell order will place at Rs.38.20. (cancel or modify the existing Sell order).
When the script reaches a profit of 3200 my sell order will place at Rs.39.45. (cancel or modify the existing Sell order).
Last Friday (28-Aug-20) the script day high is 76. In this case, if I followed the above condition my profit will be 29000 per Lot.
So On, at the end of the day either I will make max profit or if the script will take reversal, stop loss gets hit but finally, I will be in green only.
Kindly advice!!!