Max SL is not working
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Dear team, @Definedge @@Definedge-Experts
I’ve been using the momentum trading feature and noticed that the Max SL (Stop Loss) parameter doesn’t seem to be functioning as expected.
After investigating further, I found that the system currently calculates the Max SL based on the base capital, whereas it ideally should be calculated based on the amount invested in a particular stock AFTER REINVESTEMENT
so capital should be updated after each trade but it's not, which seems minor bug and hence max sl is not working which can be serious issue if not resolved user can mis interprete data and start trading, so kidnly do the needful ASAP
Thanks!
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@Alpha-Trader - This is an interesting observation, please could you provide an example, so that I can compare with the back-testing that I'm also doing.
@Definedge please take note and clarify on this issue. -
In any startgy if you are selecting allocation: reinvestment
After a 5 year capial could be 60L, and position will be taken according to 60L, but SL calculation will be on base capital 20L, which is wrong and doen't give right results
SL amount: Buy rate x qty x SL %
if price closes below SL amount, stock should be exited