Guidelines for Booking Profits and Trailing SL in the Provided Scripts
1.Intraday Options
Every script will have an entry point, stop loss (SL), and two or three targets.
How to Book Profit/Loss:
- Always follow the entry point as advised.
- If the price moves too fast and you miss the entry, skip the trade.
- Exit immediately if the SL is hit, unless otherwise instructed.
- If trading one lot, exit at Target 1.
- If trading two lots, exit one at Target 1 and the second at Target 2.
- If trading multiple lots:
- Exit half at Target 1
- Exit half of the remaining at Target 2
- Exit the rest at Target 3 (if provided).
How to Trail SL:
1. Keep the SL as provided until Target 1 is reached or until you’re told to modify or book.
2. Once Target 1 is reached, trail the SL to the entry price (or as instructed).
3. Once Target 2 is reached, trail the SL to Target 1 (or as instructed).
2.BTST Options
Every script will have an entry point, stop loss (SL), and two or three targets.
How to Book Profit/Loss:
- Always follow the entry point as advised.
- If the price moves too fast and you miss the entry, skip the trade.
- Exit immediately if the SL is hit, unless otherwise instructed.
- If trading one lot, exit at Target 1.
- If trading two lots, exit one at Target 1 and the second at Target 2.
- If trading multiple lots:
- Exit half at Target 1
- Exit half of the remaining at Target 2
- Exit the rest at Target 3 (if provided).
How to Trail SL:
Keep the SL as provided until Target 1 is reached or you’re told to modify or book.
Once Target 1 is reached, trail the SL to the entry price (or as instructed).
Once Target 2 is reached, trail the SL to Target 1 (or as instructed).
Do not exit based on SL before 9:30 am (for market volatility), unless Target 1 is not reached.
3.Swing Options
Every script will have an entry point, stop loss (SL), and two or three targets.
How to Book Profit/Loss:
- Always take the entry as advised.
- Skip the trade if the price moves too fast and you miss the entry.
- Exit quickly if SL is hit, unless instructed otherwise.
- For one lot, exit at Target 1.
- For two lots, exit one at Target 1 and the second at Target 2.
- For multiple lots:
- Exit half at Target 1
- Exit half of the remaining at Target 2
- Exit the rest at Target 3 (if provided).
How to Trail SL:
Keep the SL as provided until Target 1 is reached or you’re told to modify or book.
Once Target 1 is reached, trail the SL to the entry price.
Once Target 2 is reached, trail the SL to Target 1 (or as instructed).
Do not exit based on SL before 9:30 am (for market volatility), unless Target 1 is not reached.
For Closing Basis (CLBS) SL, wait until the end of the day to exit positions or follow instructions.
