How can I set a Trailing Stoploss

Trailing stoploss can be set on Buy/Sell bracket orders. Follow the following steps to set a trailing stoploss on the Neo app –

1. On the order form, select Intraday order.
   
2. Bracket order is available for Limit and SL-LMT orders.
   
3. On selecting Bracket order, the Trailing stoploss checkbox will be visible.
   
4. Set the stoploss spread, target spread and trailing stoploss value.
   
5. Swipe/Tap to place the order
   

Example–

If buying at a limit price of 100, with a stoploss spread of 5, target spread of 5 and trailing stoploss of 2 – buy order gets completed at LTP 100, stoploss trigger at 95, target at 105.

If LTP rises by 2, i.e. at LTP 102 the stoploss trigger value will get changed to 97.

For every 2 movement in LTP, stoploss will move by 2 in the same direction.

Learn more with this tutorial - https://www.youtube.com/watch?v=Xt1jI2HnCtE&list=PLs0brI6HP1L9XFuwRrra7dL_aQNFOxneL&index=20