I’m using the following StopLoss in my strategy and would like to plot the same.
The idea of the same is as follows;
Entry Price = 100
High Price after Entry = 120
StopLoss = 5% of (120-100) = 5% of 20 = Rs.1 is the Stoploss
Can somebody point me in the right direction for the same?
The issue I’m facing are the following;
- To get the entry price of a scrip. I understand it is the BuyPrice, but how can I refer to the BuyPrice of multiple symbols in which I’ve already holding a position?
- Is this a feasible StopLoss logic and not sure if this logic is practically implementable/executable.