how do we calculate the ticks that we need to put when we place a bracket order? For example In MCX CRUDEOILM if i need to place a bracket order with 3 points as Trailing Stop loss how many ticks should i give?
How do we derive this for each script that we want to trade?
“Tick means minimum possible price movement”.
In case of equity, futures & options its “0.05”. I.E., 5 paisa.
In case of FX market, its “0.0025”.
Its varies from product to product in case of commodity, Please refer the link: https://zerodha.com/z-connect/queries/commodity-queries/mcx-profitloss-for-every-1-rs-change