Hi @Saurabh,
Here is scenario for a short position.
Let’s say you have sold a scrip at Rs. 105. Now when the price is at Rs. 100, you place as a TSLO as below:
- Trigger - Rs. 105
- Limit - Rs. 107
- Trailing jump - Rs. 2
- Meaning if the prices moves back up to Rs. 105, position will be squared off at the best rate available between Rs. 105 to Rs. 107.
Once you place the TSLO order when the price is at Rs. 100, here is how the price movement will impact Trigger and Limit price.
- Price moves to Rs. 99, Trigger will stay at Rs. 105 and Limit at Rs. 107 [Because the jump is Rs. 2 and price has moved only by Rs. 1]
- Price moves to Rs. 98, Trigger will change to Rs. 103 and Limit will be Rs. 105 [change as per jump of Rs. 2]
- Price moves to Rs. 95, Trigger will change to Rs. 101 and Limit will be Rs. 103 [change as per jump of Rs. 2]
- Price moves to Rs. 99, Trigger will stay at Rs. 101 and Limit at Rs. 103 [No change because price moved up but still below Trigger]
- Price moves to Rs. 100, Trigger will stay at Rs. 101 and Limit at Rs. 103 [No change because price moved up but still below Trigger]
- Price moves to Rs. 95, Trigger will stay at Rs. 101 and Limit at Rs. 103 [No change because price moved back to where it was per last jump]
- Price moves to Rs. 90, Trigger will change to Rs. 95 and Limit will be Rs. 97 [change as per jump of Rs. 2]
Hope this helps. You may share your specific scenario on help@dhan.co, so we can address the same.