I recently started using your service and found it very helpful especially for intraday trading.
My question is that I see you have the option to trail stop loss. But I am not sure how you are implementing it. Can you make me understand this with an example?
Please refer to the below blog to understand the functioning of TSL better-
We have recently added Trailing stop loss (TSL) and in this post, we will discuss how to use this feature. Trailing Stop Loss allows traders to manage their risk better...
Est. reading time: 8 minutes
For a simple explanation through an example refer to
Trailing stop loss in regular MIS orders - #3 by Krishnendu
Thank you for your response.
Will go through it.
Can I by any means calculate the TSL level of my trade?
I mean if I could know at what level could my TSL get triggered. I know i can do that using a calculator but any easy way? Calculating tsl manually takes too much time so a faster way could help
You can easily check all three types of Trailing Stop Loss i.e.
absolute-based TSL by using the below sheet:
TSL Calculator | Streak - Google Sheets
Thank you, This is much better.
can anyone share an example where TSL helped in improving their strategy returns?
Even I wanted to test this. So I created a demo strategy with SL as 20 points and TSL as 2 points and TP as 999999 (so that exit is only when SL /TSL is hit). Take a look at the below images of the strategy condition and the order log if you can understand. It was a paper trade and TSL worked fine.
16 point profit is not that bad, if you had more quantity the profit would be amazing. That to the TSL is hit meaning that this was a losing trade but saved by TSL.
Is the Trailing Stop loss available only in “Advance Create” because I couldn’t find it in “Basic Create”.
Just to confirm.
Thanks in Advance.
Currently, TSL (Trailing Stop-loss) is only available in the Advance create mode of Streak.