Introducing Trader’s Best Friend: Trailing Stop Loss on Dhan

It should have been in percentage and not points, you are expecting us to manually calculate the % and then convert that in number and then enter it here? I must say there is an area of improvement here and a lost opportunity.

3 Likes

ya true, cant trade on mobile app

Feedback noted. The challenge here being % approximations, as a broker we don’t want to take a call on if it should be rounded up or rounded down. Will evaluate what we can do here.

Dear @PravinJ
Why not option market price on limit price in tralling stop loss in the app this available in web

Dear @PravinJ
In dhan web option available market price in trailing stop loss but not in app

@PravinJ
any update on MCX?

trailing stoploss order not seen in orders , how to modify it , please make one full video on trling SL in options with all FAQ covered thanks

The video on Trailing Stop Loss is available here: What is Trailing Stop Loss🚫 | How to use Trailing Stop Loss - Trailing Stop Loss Explained | Dhan - YouTube

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How this work for short positions?
I am still not clear. Can you please make few test cases and put it here so that its clear as to how it will work including for both long and short positions.
@PravinJ @Naman

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.

7 Likes

@JayK ,

Nice example!

This is great!
Thank you!

400 is stop loss order,when jump price is 2 and LTP price increases 2 then also stop loss will jump 2 rupees

Thanks for providing this great feature ! Kudos to the team.
May I ask if you are planning to add option to hav TSL based on % rather than points?

Hi @Saurabh

Thanks for your suggestion. We will surely evaluate what we can bring to enhance our user experience.

Hi
Is this tsl option possible from dhan.tv or dhan.web ??

Available from Dhan web, not on tv.dhan.co

Any ETA on this for having it on API contract?

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If TSL is applicable for options,means option bought on intraday?

Yes it is available.