Setting stoploss

Mohit

Hi,

I went to put a stoploss on my positions and this stoploss need to be updated every N minutes.

e.g. Let's say I have a long position in NIFTY future. Current price is 8200. My SL is 8100.

First, how can I put the Stoploss ?

Second, if the NIFTY price increases to 8300, my SL is 8150. How can I change it ?

A sample code would be highly appreciated.

Best Regards,
Mohit

sujith

Hi Mohit,
Use bracket order. It is similar to what you are asking for. Checkout https://kite.trade//docs/connect/v1/#placing-orders

Mohit

Hi Sujith,

Two problems:

First, bracket order supports only the 'LIMIT' order. I intend to trade at market.
Second, How do I change the stoploss later according to my algo logic if the price increases/decreases ? Kindly note that I am not using trailing stoploss.

sujith

Hi Mohit,
Once your buy order is executed, you can place sell stoploss order and keep modifying price and trigger price every minute.

Mohit

Hi Sujith,

Could u please provide a sample code for that, especially modifying the trigger and stoploss price ?

Many Thanks
Mohit

sujith

Hi @Mohit,
Checkout examples here https://github.com/rainmattertech/javakiteconnect/blob/master/sample/src/Examples.java