General

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.

🔴 Important Note:

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

💡 Order can fail due to many reasons.