Setting stoploss

Mohit · December 2016

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 · December 2016

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

Mohit · December 2016

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 · December 2016

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

Mohit · December 2016

Hi Sujith,

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

Many Thanks
Mohit

sujith · December 2016

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

Howdy, Stranger!

Categories

In this Discussion

Setting stoploss