when every i put a stop loss order with trigger price it is getting executed at trigger price itself instead of the price for both buy and sell orders, got confused as i have read that at trigger price the order is send to the terminal and it get executed at the price mentioned below or up side of trigger price for buy and sell order . help
For a buy SL, the trigger is equal to or lower than the limit price and for sell SL, the trigger is equal to greater than the limit price.
When the CMP is 102, if you are placing a buy SL order, the trigger price would be 103 and the limit price would be 103.50. Once your order is triggered, your trade will get executed at any price between 103 and 103.50.