Target(Tgt)/StopLoss(SL) Ref Price

This feature on AlgoTest allows you to set your Stop-Loss/Target based on the traded price. 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 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.

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

Traded

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