Urgent and Imp: Ultra Scanner Error in TSL
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Dear Team,
This is repeat request or suggestion for the erro found in ultra scanner, which causes due to wrong parameters mapping in backend.
If we apply both SL and TSL in scanner. it does not take the SL in consideration, but takes TSl as SL and hit exit as price reaches the TSL % value.
Example if buy happen at 100 and SL is 10 % and TSL is 2 %. It will exit as price reached 98 which should not happen. Ideally TSL rise affect increase of SL by 2 % if price 102 and above and so on.
Today's screenshots
Here, I am sure price has not reached there, as I have buy price above that level in system with 2 different accounts
The Error has been explained to team earlier in concall, Also shared Log files. But seems No resolution (As error persisted). (timeline Some time late June and early July). Meanwhile I never used TSL. But again today tried And same error observed.
Hope this need to rectified. If resolution is done kindly reply here. I may not explain again on call in market hours.
Regards
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This has been observed for multiple systems with standard condition, as well so not case of system conditions and errors in it.
This is just for information. If you rectify, I will use. Else; mark it unchecked contiinue.
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Hi,
There is no error here. We are taking an approach of exiting the trade if either SL or TSL is triggered first.In your example, if entry is 100, SL is 10% and TSL is 2%. When should TSL get activated?
At 102? Why? It was your TSL level. How will the user know when his TSL will activate?
The general expectation is that if a trade is profitable, TSL should be activated.
When a trade goes up by 5 paise, the TSL is activated in the autotrader.
We will add a new tab asking users to indicate their level of TSL activation.
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ok. Got it.
It means the SL and TSL are separate and independent parameters taken in consideration here.
My Assumption was that, TSL is the value, 'by which amount the SL will shift upwards once move happen in direction of trade. And not the otherwise mentioned above.
Thanks for reply.