Stoploss based on total profit/loss?

Zerodha
1

hello,
@siva @nithin @ShubhS9

I’m trying different hedging strategies, but I can’t keep a stop loss individually to each hedge leg position, as one leg can move very high and second can be zero.

I need to continually have to look at the screen for any big unexpected move.(price going out of my hedge range)

So, can you bring one feature of stop-loss and limit order based on the total profit/loss value of the selected hedge position?

like if my hedge position has 4 leg and total loss of all leg cross 5000rs exit all 4 open hedged positions.

its a must needed feature.

2

This is considered as an algo and can’t really be provided off the shelf to retail customers due to regulations which restrict algo trading for retail.

3

can this be achieved in streak or anywhere else ?

4

Currently no. But we do have as part of nudge to give an option to set overall stoploss on a portfolio of positions/holdings. But this wouldn’t automatically square off your positions, but will trigger an alert asking you to square off. This will take some time though.