P&L (profit & loss) based alerts and exits let you track the combined profit or loss of one or more open positions and take action when a set level is reached. You can choose to receive an alert or allow the system to automatically square off your positions.

Follow the steps below to create and use P&L-based alerts and exits on the app:

Step 1: Go to your Positions page: Open the app and navigate to Portfolio, then select Positions to view all your open positions.

Step 2: Create a P&L alert: Tap the Create P&L Alert button from the bottom sheet that appears.

Step 3: Select positions to track: Select the checkboxes for the positions (legs) you want to track together. As you select them, the combined P&L is displayed at the bottom of the screen.

Step 4: Configure the P&L alert:

On the Create P&L Alert screen, set the following details:

• Name: Give your alert a custom name.
• Conditions: Set a target (profit) or stop-loss (maximum loss). You can set one or both.
• Action: Select Alert & place order to automatically place square-off orders when the set level is reached. Select Alert only to receive a notification without placing any orders.

Step 5: Manage your alerts: You can view, track, or manage your active P&L-based alerts anytime by tapping the P&L Alert button again from the Positions page.

How does the system monitor, trigger, and manage P&L-based alerts?

• System monitoring: The system continuously monitors the combined day P&L of all linked positions using live market prices.

• Trigger and execution: When the combined P&L reaches either the profit target or stop-loss level, the alert is triggered. The other condition is automatically cancelled. Based on the action selected, the system either sends a notification or places square-off orders for the linked positions.

• Alert expiry or cancellation: If the alert is not triggered, it automatically expires at market close. If you manually exit or modify any linked position, the alert is cancelled immediately. This prevents unintended execution on an incomplete strategy.