When placing a Trailing Stop Loss (TSL) order on Chart 360, you need to define a trailing gap, which determines how your stop-loss will adjust with the movement in the Last Traded Price (LTP). 

When the market moves in your favour, the stop-loss price automatically adjusts, maintaining the set gap behind the LTP. If the LTP moves against you, the stop-loss remains intact. The order is triggered when the LTP breaches the stop-loss price.

To set a TSL on Chart 360, select the Call/Put Option you want to trade in. Click on ‘Add TG/SL’ and locate the ‘SL’ button. Tap on it to convert it into ‘TSL’. 

You will see an additional ‘G’ button, representing the trailing gap. Tap on it and enter your desired trailing gap value. This ensures your stop-loss adapts to market movements, helping you lock in profits while minimising the risk.

There are 3 ways you can add a Trailing Stop-loss in Chart 360.

Method 1: Adding a TSL to a new order.

Step 1. Tap on the highlighted values on the Y-axis to select a Strike price.

Step 2: Select from Call or Put Option.

Step 3. Swipe up to buy and down to sell an Option.

Step 4: Click on ‘Add TG/SL’ to set the target and stop-loss levels

Step 5: Drag the Target and Stop-loss lines to set the desired levels or tap the keyboard icon to manually enter the values.

Step 6: Tap on ‘SL’ to convert the Stop-loss into a Trailing Stop-loss.

Step 7: You’ll see ‘G’ to define the trailing gap.

Step 8: Define it and hit ‘Apply’ to save the details.

Step 9: Now you can swipe the Buy/Sell button to place your TSL order.

Step 10: You can view your existing TSL orders under the Orders section at the bottom sheet.

Method 2: Adding a TSL to Open positions via the bottom sheet.

Step 1: Under the positions tab, swipe right and tap on SL/TG.

Step 2: Tap on SL to switch to TSL.

Step 3: Enter the value of the trailing gap under ‘G’ and done.

Step 4: You can also view TG/SL levels for your open positions under the Positions tab.

Method 3: Adding TSL on open positions via chart

Step 1: Tap on an open position on the chart.

Step 2: Tap on the ‘Edit’ button to add Target (TG) & Stop-loss (SL).

Step 3: To add TSL, tap on the ‘SL’ button.

Step 4: Tap on ‘G’ to define the trailing gap.

Step 5: Swipe on the ‘Modify’ button to save.

Note: The Trailing Stop-loss is executed as a limit order and is protected by the Market Price Protection percentage (MPP%) defined in the system. By default, MPP% is set as 5%.