After placing a order from browser we can set a SL order like below Image. Here we can set a Stoploss which is below 17% Similarly using API, after placing a order or while placing a order for options can we place a stoploss at a distance more than 5% If yes, could you please help me with the parameter value needs to set.
Screenshot, you have mentioned is of Sell SL order. Yes, you can set trigger and limit price, calculated internally at your end. Go through the order placement parameters documentation here.
