How to enter a trade only when the price “breaks out”?

Asked by Sejpalsinh Jadeja · SOLVED
Order Manager
1 reply 1,457 views Jump to solution Reply
Sejpalsinh Jadeja Original Post
AlgoDelta Team

27Suppose I don’t want to buy a Nifty Option at the current price of ₹90. I only want to enter if it crosses ₹100, because that’s when the “breakout” happens. But I can’t sit and stare at the screen all day waiting for ₹100. How can I automate this entry?

Posted Apr 24
Reply

    1 Reply

    Support AlgoDelta
    Support AlgoDelta AlgoDelta Support ·

    Yes, to solve this We have a specific feature for this called LTP Entry Trigger.

    See for this we have the LTP entry what it does basically instead of direct entry, we will have the option that we can make the entry based on LTP.

    so, if we set trigger to 100 then when the LTP reaches to 100 our platform enters the trade and immediately starts watching your Target (if you set suppose = ₹120) and Stop Loss (if you set suppose = ₹90) for you.

    So that’s how we will solve this problem. For more you can explore our app.

    Verified Solution
      Markdown supported · ```json for code blocks · paste or drop screenshots

      Be specific and kind. Never share API keys, passwords or personal account details.

      Welcome to the community

      Log in or create your account in under a minute.

      1. 1Mobile
      2. 2E-mail
      3. 3Password
      +91

      Have a password?

      By continuing you agree to the community guidelines. We’ll send a one-time code by SMS.