Let us see how to manage risk,
Say we have a capital of 1 lakh,
Let us not risk more than 1% of the capital,
So we should not risk more than Rs. 1000,
Taking into account slippage, brokerage and other charges,
We should not risk more than Rs. 800,
So the quantity here should be = 800/(447.9-438.2)= 82
Trade closed manually:
TSL Hit
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Say we have a capital of 1 lakh,
Let us not risk more than 1% of the capital,
So we should not risk more than Rs. 1000,
Taking into account slippage, brokerage and other charges,
We should not risk more than Rs. 800,
So the quantity here should be = 800/(447.9-438.2)= 82