P&L based alerts and square off help you monitor and manage the combined profit and loss of multiple open positions as a single basket. Instead of tracking each position individually, you can set a consolidated profit target or stop loss based on the total P&L of your strategy for the day.

This feature is especially useful for strategy based trading, such as options straddles or strangles, where overall performance matters more than individual legs. P&L based alerts and square off are valid for one trading day only and are automatically cancelled at market close.