Modify BO Stoploss orders for all pending orders at once

ZZ8030 · February 2019

Hi people,

I use only BO orders. When I reached a profitable position, I want to modify the SL limit price of all the orders to a few ticks away from the LTP, so that I can secure the profitable position. TSL is not useful for this purpose. Since I used to took more trades it is hectic to do it manually. Is there any way to place modifyBOSL of all pending orders at a price few ticks away from the LTP. Thanks in advance.

sujith · February 2019

You can modify trigger price of the stop-loss order.

HowUTrade · February 2019

@ZZ8030

The best way to do this, virtually trail your mtm in excel and when your PnL crosses below your trailmtm, then call ExitBO to close your BO position.

But if still want to modify all SL order, then you can use the below code;

'This is generic example to modify all BO stoploss at certain % from Ltp
'Modify your code to suit your requirements
'Make sure you are not calling this function in a loop
'Use static variables to restrict multiple calling of this function

https://gist.github.com/botany02/a9127384ad9015b7b28800cd7a1d93e3


Public Function ModifyAllBOStoploss(ByVal ParentOrderId As String) As String
    On Error GoTo ErrHandler:
'This is generic example to modify all BO stoploss at certain % from Ltp
'Modify your code to suit your requirements
'Make sure you are not calling this function in a loop
'Use static variables to restrict multiple calling of this function

    Dim ModifyPct As Single
    ModifyPct = 0.25 / 100    'Modify the stoploss with 0.25% from Ltp

    Dim ChildOrders As String
    ChildOrders = Kite.GetChildOrders(ParentOrderId)

    If ChildOrders = vbNullString Then ModifyAllBOStoploss = "NullChildOrders": Exit Function

    Dim ChildOrderArray() As String
    ChildOrderArray = Split(ChildOrders, ",")

    'Loop through all child orders
    'Check for SL order type
    'Check for transaction

    Dim ChildOrder As Variant
    For Each ChildOrder In ChildOrderArray
        If ChildOrders <> vbNullString Then    'Check for Null or Empty order id
            Dim OrdType As String
            OrdType = Kite.GetOrderType(ChildOrder)
            If OrdType = "SL" Then    'Modify only if OrderType SL
                Dim Trans As String
                Dim Exch As String
                Dim TrdSym As String

                Trans = Kite.GetOrderTrans(ChildOrder)
                Exch = Kite.GetOrderExch(ChildOrder)
                TrdSym = Kite.GetOrderTrdSym(ChildOrder)

                Dim Ltp As Double
                Ltp = Kite.GetLtp(Exch, TrdSym)

                If Ltp > 0 Then    'Check we have correct Ltp
                    Dim NewSlPrice As Double
                    Dim PointsToModify As Double
                    PointsToModify = Ltp * ModifyPct    '455 * 0.0025 = 1.14
                    
                    If Trans = "BUY" Then    'SL BUY Order
                        NewSlPrice = Ltp + PointsToModify
                    Else    'SL SELL order
                        NewSlPrice = Ltp - PointsToModify
                    End If

                    'Modify the BO stoploss order
                    Kite.ModifyBOSl ChildOrder, NewSlPrice
                End If

            End If
        End If
    Next
    ModifyAllBOStoploss = "Success"
    Exit Function
ErrHandler:
    ModifyAllBOStoploss = Err.Description
End Function

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Modify BO Stoploss orders for all pending orders at once