How can I define stop loss of 50 points for entry option price? For example, Entry price 19000 ce is 200 then my stop loss should be 150 I have multiple entry and exit based on the slope.
Let us assume that when your entry condition is true and you take a long position in call option
And you want to exit this position based on target OR stop loss.
You can do this by setting up your exit condition here, using “Entry Price” Keyword.
n the exit condition, you can say Last Traded Price
If your selected instrument is an Option type, then in LTP you will have to use Traded instrument as ATM strike price keeps changing.
Just ensure to select, the correct underlying
Set no = 1 as in this example, it is set no 1
Condition no = 1 as Entry condition triggers only once per cycle
Leg Number = 1 as we have only one instrument trading.
Hope this helps.
LTP ( TRaded Instrument Name ) < Traded Instrument - Number