What happens if the ‘number of times’ condition is not fulfilled by EOD?
If the specified "number of times" condition for
scalping is not fulfilled by the end of the trading day (EOD), the system will
carry over the remaining entry opportunities to the next trading day. For
example, if you set the condition to execute the scalping strategy 10 times
within a day but only 5 entries are triggered, the system will resume checking
for entry signals on the following trading day to fulfil the remaining 5
entries.
It's important to note that you must log in daily to ensure the strategy can automatically execute entries as required. Additionally, suppose there are significant market movements overnight, such as a gap up of 200 points in the example provided, and your entry condition is set for every 50 points. In that case, the system will fire entries accordingly on the subsequent trading day to catch up with the missed opportunities. In this case, with a gap of 200 points and an entry condition
set for every 50 points, the system will trigger 4 entries on the next trading day to align with the market movement.
Related Articles
What is ‘Number of Times’ in Scalping?
The "Number of Times" parameter in scalping refers to the predefined count of times that the system will initiate entry into positions within the strategy. For instance, if you set this parameter to 3, the system will execute entry into positions ...
What is Market Condition?
Market condition is the general direction of the stock market that drives the flow of all the stocks. A rising market often takes up all the stocks with it and vice versa. Therefore, understanding the market condition and its impact on your portfolio ...
What happens in an FPO?
In a Follow-on Public Offering (FPO), a company issues additional shares to the public. Here’s what typically happens during an FPO: 1. Issue Price: The company often sets the issue price for the new shares lower than the current market price. This ...
What is the 5Paisa Support Contact Number / Mobile Number?
5paisa support contact no. is 8976689766. Timings: Monday to Friday: 8:30 AM to 6:00 PM Saturday: 9:30 AM to 3:30 PM Note: For any information-related query, use the phone number mentioned here as the official customer care number of 5PAisa. Please ...
What is a Call and Trade Number?
The call and trade number for 5Paisa is 8976689766. You can use this number to place orders or get assistance with your trading account.