Trailing stop loss in regular MIS orders

Streak - backtesting
1

I can see the trailing stoploss option in the strategy section. But now BO orders are blocked, so will streak handle trailing stop loss with regular MIS orders?

In the live market, will streak trail stop loss itself ? Or will I need to do some action in order to trail it?

2

@Streak can u please help

3

Hi @Ujwal,

Streak keeps on tracking and updating the TSL automatically from the backend as the price moves in your favor.

For Example,
Stoploss (SL) is 5 pts
Trailing Stoploss (TSL) is 1pts
target profit (TP) is 10pts,

Every time the stock moves up by 1 point which is the assigned value for TSL, the SL will be revised up by 1point.

So if you enter a long position at INR 100,
Inital SL = 95
Initial TP = 110

If the price moves in your favor and goes up to 103.5, your SL will be trailing 3 times.
New SL =98

As and when the price reaches the TP level, an actionable alert is sent to the user. Similarly, if the price drops and hits the new SL level, an actionable notification will be sent to the user. The user needs to click on the notification and take action on it I,e confirm the buy/sell order.

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