Let us say I have short straddle strategy. When the positions are entered, I want to place immediately a counter order for “Buy” my options entry with SL as 20 or 30% from my selling price.
If I configure something like this.
But the problem here is, this will execute only execute a repair order when LTP is greater than 1.21 of my entry price. I want an exit order to be placed immediately when my entry order is executed.
The Reason for doing this is to avoid slippages. Can you help me to implement this?
And on universal exit condition, that is to close all the positions at 3:20pm. Any pending orders from previous step should get cancelled.