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    Execution Algo

    What is the trigger price in Algo Trading, and why does it not always match the Last Traded Price (LTP) in a Scalping Algo?

    The trigger price in Algo Trading is the predefined price at which an order is activated and sent to the exchange. In a Scalping Algo, the trigger price does not always match the Last Traded Price (LTP) because the reference price is based on the bid/ask price at which the last order was triggered, irrespective of whether it was executed or not. The algo continuously monitors price movement relative to this reference price to determine when to trigger the next order.

    How does this work (Example)

    Inputs: Max open positions = 2, Entry difference = 2, Take profit/Exit difference = 3.

    Step Market Price  Action Taken Order Status Reference Price Update  Exit Condition
    Start ₹100 Algo Initialized ✅Executed at 100.10 Updated to ₹100

    Exit at ₹103 (₹100+₹3) Entry at ₹98 (₹100-₹2)

    Price Drops to ₹98  ₹98 Buy Order Placed  Executed at 98.20 Updated to ₹98

    Exit at ₹101 (₹98 + ₹3) Entry at ₹96 (₹98 - ₹2)

    Price Drops to ₹96 ₹96 Buy Order Placed  Failed order Updated to ₹96

    Exit at ₹99 (₹96 + ₹3) Entry at ₹94 (₹96 - ₹2)

    Price Drops to ₹94 ₹94 Buy Order Placed  Failed order Updated to ₹94

    Exit at ₹97 (₹94 + ₹3) Entry at ₹92 (₹94 - ₹2)

    Price Bounces to ₹97 ₹97 Sell Order Placed  Executed at 96.80 Updated to ₹97 Exit Triggered at ₹97

    🔴 Important Note:

    💡 Ensure you have sufficient funds in your account to avoid this scenario.

    💡 Order can fail due to many reasons.

     

     

     

     

     

     

     

     

    What are the inputs required to place an order using Execution Algos? What are Execution Algorithms? How to trade using Execution Algos? How is brokerage charged for Execution Algos orders? Are there any additional charges for using Execution Algos? Can I stop all Execution Algo strategies at once? Can I pause, stop, and resume Execution Algos orders? Can I clone previously used Execution Algos? Where is the status of Execution Algos displayed? Where can I view details of completed Execution Algos orders? Can ICICI Securities (I-Sec) stop/pause active Execution Algos orders placed by customers? Can the Stock Trigger Price and Execution Price differ? Why is the trigger price not equal to the Last Traded Price (LTP) in Scalping Algo? Why did my market order get executed as limit order in Execution Algos?