This screenshot is from FAQ section of Fyers Website. Pay attention to the underlined statement. “allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain”.
This is not possible in Zerodha. In Zerodha during Bracket Order we can specify Trailing Stop Loss. But we MUST SPECIFY PROFIT TARGET too which I feel should not be mandatory. If this limitation is removed we can set stop loss and trailing stop loss and let the market decide our profit. It could capture max gains during sharp movements followed by sharp corrections.
In cover order we must specify Stop Loss only. We are not allowed to specify any Targets. If that Stop Loss can be specified as Trailing Stop Loss and is allowed to follow the price in the profit zone, then it will serve the purpose.
Is there any way to specify Trailing Stop Loss without specifying target in Zerodha platforms ( Kite, Pi )?