HSL Mobile App Frequently Asked Questions
What is trailing stop-loss order
Trailing stop-loss order allows you to place stop-loss which gets adjusted automatically as per the stock’s movement in a favourable direction.
How does it work
Trailing stop loss order can be a fresh or square off order in case of buy, trigger price and limit price will be above current LTP. If the LTP of securities comes down then trigger price will not be trailed and in case if the LTP of the securities goes up then the trigger price will be trailed.
For which products is the TSL order type available
TSL order type with book profit option is available for Cash, Margin, Intraday, E-margin, Cover (only bracket).
Is it mandatory to provide a book profit price with trailing stop loss
No, it is only an optional feature.
What is the validity of the Trailing stop loss order
Trailing stop loss order is valid only for the day/session.
Is it possible to place a stop loss order without trail feature
No, it is not allowed.
What happens when the price reaches the stop-loss trigger price
Once the price reaches the stop-loss trigger price, it will be sent to the exchange at the market price and it will only get executed if the market price in the range of stop loss trigger price and stop loss limit price.
Is trailing stop-loss orders for both equity cash and derivatives (futures) segment
Yes. The trailing stop-loss order is available for both equity and equity futures segment.
Can I place sell orders with trailing stop-loss orders
Yes, you can place sell orders with trailing stop-loss orders.
What if I have to square off my position
To square off your position, first you need to cancel the trailing stop-loss order to avoid duplication of trades.
Subscribe for our
newsletter
newsletter
Can’t find answers?
Contact us for help.
Raise a ticket
