Auto Exit not happeing in Momentify
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I have completed the DDPI authorization, but I noticed that the positions are not being cleared automatically when they hit the stop‑loss or meet the exit criteria.
Could you please confirm whether I need to wait until the rebalance day for the exit to occur, or if the system should automatically exit the positions? Do I need to monitor and exit manually on a daily basis?
Regards,
Prasad -
@Jrk Prasad
Dear Sir,Stop losses and Exit criteria for strategies are monitored on an end-of-day basis. You do not need to wait for the rebalance day. If any stock meets its stop-loss or exit criteria today, you will receive a basket email on the next trading day. You may then execute the basket for the affected stock.
We are currently working on automating this process. Momentify has already received algo approval from the exchanges, and automatic exits should be implemented soon.
