I have been using BO for my trades but would like to know if the below can be achieved? Lets Say Stock X is @ 100 and I place the limit BO Order @ 100 with target 6 and SL 6 and Trailing 3 Now when the Stock X reached 103, I see the SL changes to 97 from initial 94, This is working Fine
But is there a way I can convert this to at least a breakeven With the same parameters above - when the Stock moves to 103, can the SL be at 100 and change accordingly when it moves further on my side. I don't want to change the initial SL, So is there any way to achieve this?
Yes, you can modify SL after first leg execution.You need to write logic at your end to keep modifying SL as per price movement.