Introducing Trailing Stoploss on Kite web

Trailing Stoploss (TSL) was one of the most requested features from our clients, and it is now available for GTT orders on Kite Web.

A normal stop loss stays fixed at the price you set. That works when you enter a trade, but it can become a problem if the trade moves in your favour.

Say you buy a stock at ₹100 and keep a stop loss at ₹90. The stock then moves to ₹140, but your stop loss is still at ₹90. If the stock reverses sharply from there, you could give back a large part of the move.

The obvious solution is to keep moving the stop loss higher as the price rises. But doing this manually means monitoring the position and updating the order repeatedly.

This is where a trailing stop loss helps.

A trailing stop loss automatically adjusts the stop-loss trigger as the trade moves in your favour and keeps it unchanged when the price moves against you.

For a sell GTT, the stop-loss trigger moves up as the price rises. If the price falls, the trigger stays at the last updated level, and for a buy GTT, the stop-loss trigger moves down as the price falls. If the price rises, the trigger stays where it is.

In both cases, the stop loss only moves in the direction that improves your protection.

How to place a trailing stoploss GTT on Kite Web

1. Go to your marketwatch, holdings, or positions and hover over the stock or contract you want.
2. Click on the three dots and select Create GTT.
3. Select Buy or Sell under the transaction type.
4. Select Single or OCO under the trigger type. OCO (One Cancels the Other) lets you set both a stop loss and a target in the same GTT. TSL is available on both Single and OCO orders.
5. In the Stoploss section, enable the trailing checkbox and enter your trailing point value in the field next to it. Once trailing is enabled, Kite shows when the next adjustment will happen. This tells you the price at which your stop-loss trigger will move next.
6. Select the order type: Limit or Market. For better execution, you can choose Market, which places a market order with market protection once the GTT is triggered.
7. Enter your quantity in the Qty field.
8. Click on Place to submit the GTT.

How trailing points work

The key setting in a trailing stoploss is the trailing point. This decides how much the market price must move before the stop-loss trigger is adjusted.

For example, if the trailing point is ₹1, the stop-loss trigger moves by ₹1 every time the price moves ₹1 in your favour. It moves in fixed steps, not tick by tick. The minimum trailing point depends on the instrument’s price and segment. You can check these here.

Kite will show the applicable minimum while placing the GTT.

Here’s how trailing point works for GTT sell orders

Say a stock is trading at ₹100.

You place a sell GTT with:

• Stop-loss trigger: ₹90
• Trailing point: ₹1

This means the stop-loss trigger starts ₹10 below the current market price. Since the trailing point is ₹1, the trigger moves up by ₹1 every time the stock moves up by ₹1.

If the stock moves to ₹105, the stop-loss trigger moves to ₹95.

If the stock moves to ₹130, the trigger moves to ₹120.

If the price then falls to ₹125, the trigger remains at ₹120.

So the stop-loss trigger has moved from ₹90 to ₹120 as the price moved in your favour.

This does not mean your exit is guaranteed at ₹120. Once the trigger is hit, an order is placed based on the order type you selected. Execution depends on market conditions, liquidity, and price movement.

Here’s how trailing point works for GTT buy orders

A buy GTT works the other way.

Say a stock is trading at ₹100.

You place a buy GTT with:

• Stop-loss trigger: ₹110
• Trailing point: ₹1

This means the stop-loss trigger starts ₹10 above the current market price. Since the trailing point is ₹1, the trigger moves down by ₹1 every time the stock moves down by ₹1.

If the price falls to ₹70, the stop-loss trigger moves down to ₹80.

If the price then rises to ₹75, the trigger stays at ₹80.

This is useful when you have a short position and want the stop loss to move lower as the trade moves in your favour.

Things to know

• This feature is currently available on the Kite web and will be available on the Kite app soon.
• Trailing Stoploss for GTT is supported on NSE, BSE, NFO, BFO, and MCX.
• It works with CNC, MTF, and NRML product types.
• For equity, trailing is available only on the sell side, and for F&O, trailing works on both buy and sell GTTs.
• When a trailing adjustment happens, both the stop-loss trigger price and the limit price move by the same trailing point.
• If you manually edit the stop-loss trigger after placing the GTT, the trailing reference resets to the market price at the time of your edit.
• Once a GTT has trailed, Kite shows a Trailed tag with an arrow. You can hover over the arrow to see how far the trigger has moved from the initial level.
• In the GTT details, you can see the watermark price. For a sell GTT, this is the highest price reached since the GTT was created or last modified. For a buy GTT, it is the lowest price reached.
• A GTT trigger is valid only once. If it triggers, but the order does not execute, you will need to place a fresh GTT.