Ticks in BO

Ntra
In the description at,
https://kite.trade/docs/connect/v1/#placing-orders

The squareoff_value and stoploss_value and trailing_stoploss need to be in number of ticks isn't it?

So are the examples wrong? Shouldn't the squareoff_value and stoploss_value be 40 (2/0.05)?and trailing_stoploss 1 if the stoploss is to move in steps of 0.05?
  • sujith
    Kite Connect accepts square-off and stop-loss values in points and not in ticks.
    All the examples are tested and is used for testing purposes. You can rely on them to know about APIs.
  • Ntra
    @Sujit, there are confusing versions of TLS about being integer value(1), tick value(0.05) all over the web from zerodha .. Also I am able to place TLS of value 0.05. The document at https://kite.trade/docs/connect/v1/#placing-orders does not say anything about interpretation of TLS.

    Can you clarify what is the final and latest behavior?
  • sujith
    The minimum value for trailing stop-loss is 1 and post that the incremental value also must be the modulus of tick size.
  • Ntra
    I think minimum value of 1 is very high for TLS, the average movement per minute is far lower in many instruments. You should consider reducing it to 0.2. That should give enough breathing room for your servers.
  • Ntra
    Keeping limit at 1, basically makes Bracket Orders useless ..
  • sujith
    You can check out this thread.
Sign In or Register to comment.