Comment on Bracket Orders & Trailing Stoploss (SL)

hari kumar commented on 27 Jun 2014, 12:24 PM

I made couple of trades on BO and I have the following observation.

When trading on nifty I placed a trailing SL. now this moves in tandem with the movement of the scrip in your direction. Let’s say you have a short, with 15 points SL and 1 point trailing SL. given the volatility. when the index moves down 15 points and comes back 15 points the SL is taken out. Is it possible to give the option of staggering the movement of the SL. for example, for every 2 point move in your direction the SL can shift 1 point. this would give the scrip a little more leeway since the volatility is high still preserving the SL for a greater time. AM not sure if there are others who would want something like this, but an option to vary the movement of the SL with respect to the movement of the stock , instead of the current 1:1 would be of help .

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