how to exit SL trade
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Hi, i have created momentify strategy, in that i have put SL of 10% so my question is whichever stock hit -10% will exit only on rebalance date or should exit as soon as -10% hit. n how to exit it ? we have to check momentify each n every day ear day closing n how should i get that alert for SL hit ? on mail or in app?
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I had also asked this question to support desk. All the scanning for rebalancing i.e. exit existing holding and buying new shares is done at EOD I e. after market hours and a mail is sent to us. Same way, checking of SL criteria is also at EOD and mail is sent. Such exit is carried out on the next working day only.
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Momentify Exit Process (End-of-Day Based):
Stop-Loss Check at EOD:
Exit triggers are based on the End-of-Day (EOD) price.
If the EOD price hits the stop-loss, the system marks the trade for exit.
Notification:
You will receive an email notification informing you that your basket is ready for action.
Action Required:
Log in to Momentify (via web or mobile).
Go to the Basket section.
Manually execute the exit trades from there.
Mobile Access:
This can also be done via the Momentify section in the Zone mobile app for convenience. -
@Definedge
What does it mean by "Manually execute the exit trades from there".
Isn't it one click? Do we require to sell shares one by one?
