Trailing Stop Loss (SL) automatically moves your stop loss in the profit direction as the price moves in your favor.
<h3>Example</h3>
Suppose you buy a stock at ₹1000.
You want:
- Initial SL = ₹900 (₹100 risk)
- Trail Trigger = ₹100
- Trail Gap = ₹50
- Trail Point = ₹50
<h3>Settings</h3>
<table>
<thead>
<tr>
<th>Field</th>
<th>Value</th>
</tr>
</thead>
<tbody>
<tr>
<td>Trail Trigger</td>
<td>₹100</td>
</tr>
<tr>
<td>Trail Gap</td>
<td>₹50</td>
</tr>
<tr>
<td>Trail Point</td>
<td>₹50</td>
</tr>
</tbody>
</table>
<h3>How it works</h3>
<h4>Step 1: Entry</h4>
- Buy at ₹1000
- Initial SL = ₹900
<h4>Step 2: Price reaches ₹1100</h4>
- Profit = ₹100
- Trail Trigger (₹100) is hit
- SL moves up by Trail Point (₹50)
New SL = ₹950
<h4>Step 3: Price reaches ₹1150</h4>
- Price moved another ₹50 (Trail Gap)
- SL moves up by another ₹50
New SL = ₹1000 (breakeven)
<h4>Step 4: Price reaches ₹1200</h4>
- Another ₹50 move
- SL moves up by ₹50
New SL = ₹1050
<h4>Step 5: Price reaches ₹1250</h4>
- Another ₹50 move
- SL moves up by ₹50
New SL = ₹1100
<h3>Summary</h3>
<table>
<thead>
<tr>
<th>Price Reached</th>
<th>Stop Loss</th>
</tr>
</thead>
<tbody>
<tr>
<td>₹1000</td>
<td>₹900</td>
</tr>
<tr>
<td>₹1100</td>
<td>₹950</td>
</tr>
<tr>
<td>₹1150</td>
<td>₹1000</td>
</tr>
<tr>
<td>₹1200</td>
<td>₹1050</td>
</tr>
<tr>
<td>₹1250</td>
<td>₹1100</td>
</tr>
</tbody>
</table>
<h3>Meaning of each field</h3>
- Trail Trigger → Profit required before trailing starts.
- Trail Gap → Additional profit movement needed for the next trail.
- Trail Point → How much the SL moves each time the gap is reached.
