algostra

[subash Thorvey-1742106831998]

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.

[Definedge]

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.

1. 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.

2. 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.