Target(Tgt)/StopLoss(SL) Ref Price

This feature on AlgoTest allows you to set your Stop-Loss/Target based on the trigger price or traded price. Trigger price is the price at which your buy or sell order becomes active for execution. The traded price is the price at which your order is executed.

Let me explain with a simple example how this feature affects your SL/Target if you select Trigger or Traded.

Entry:- 09:20
Buy:-  ₹100 CE
SL :-  20 Points
Target - 20 Points

Let's assume at 09:20:00 our order got triggered at ₹100. But due to slippage, our trade got executed at 101.

Now if we select "Trigger" in TGT/SL Ref. Price, our SL is:- 100 - 20 = at 80 and our Target is 100 + 20 = at 120.
If we select "Traded" in TGT/SL Ref. Price, our SL is:- 101 - 20 = at 81 and our Target is 101 + 20 = at 121.

Trigger

You can select this option from the drop-down on SL/TGT Ref. The Price is shown in the image below.

Traded

You can select this option from the drop-down on SL/TGT Ref. The Price is shown in the image below.