algostra
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How i can lock my profit and trail. For eg. i my profit target is 0.75 % and i want to trail my SL in such a way the stop loss should not be below my profit of 0.75 %. ( for my intra day trades.
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Dear Client,
To help you manage your intraday trades effectively, here is a detailed explanation of how our Trailing Stop Loss (TSL) mechanism works.
Our system uses an Activation-Based Logic. This means the trailing does not start immediately upon entry; instead, it waits for the price to reach a specific milestone to ensure your trade has sufficient "breathing room" before the stop loss begins to move.- The General Logic ($X%$)
The system follows a three-step process based on the percentage ($X%$) you define:
Activation: The TSL mechanism remains dormant until the scrip price rises by $X%$ from your entry price.
Initial Lock: The moment that $X%$ target is hit, the system activates and sets your Stop Loss at $X%$ below that peak.
Continuous Trailing: Once active, the system tracks the "Peak Price" on every single tick. If the scrip moves up, the SL moves up instantly to maintain the $X%$ distance. If the price falls, the SL stays fixed at the highest level it reached.
- Working Example (5% TSL)
If you set your $X%$ at 5% and your entry price is 100, the trade will progress as follows:
At Entry: You buy at 100. The TSL is not yet active.
At Activation: The scrip moves up and reaches 105 (your 5% target).
The Action: The TSL engine "wakes up."
The Calculation: It takes the peak (105) and subtracts 5%.
New SL: Your Stop Loss is now placed at 99.75.Tick-by-Tick Movement: If the scrip moves up to 105.05 (just one tick higher):
The Action: The system immediately senses the new peak and updates the SL to 99.80 (approx).
Capturing the Trend: If the scrip continues to rise to 110:
New SL: Your Stop Loss will have trailed all the way up to 104.50 ($110 - 5%$).
The Exit: If the price then drops from 110 down to 104.50, the system will trigger an automatic sell. This ensures you walk away with your profit locked in.
