The Move SL to cost feature in Strategy builder helps reduce risk by automatically protecting your remaining open legs when one leg hits its stop-loss.
This feature is available under Additional settings and appears only when you have added more than one leg to a strategy and enabled stop-loss for those legs.
When Move SL to cost is enabled, Strategy builder watches all open legs in your strategy. If the stop-loss of any one leg gets hit, the stop-loss of the remaining open legs on the opposite side is automatically moved to their entry price (cost).
This ensures that once part of the strategy exits at a loss, the remaining legs are protected from further loss.
You have a strategy with:
If the Sell CE leg hits its stop-loss, the stop-loss of the Sell PE leg is automatically moved to its entry price.
If only one leg is open and its stop-loss is hit, there is no opposite leg to protect.
If the opposite leg enters later, its stop-loss will be applied as originally set and will not move to cost.
If re-entries happen multiple times, the side that first caused the stop-loss to move to cost will continue to behave the same way for future re-entries. .
Important notes
You create a two-leg strategy with stop-loss enabled on both legs:
You also enable Move SL to cost under Additional settings.
What happens during execution
Because Move SL to cost is enabled:
If the PE premium later increases:
This ensures that once one leg exits at a loss, the remaining open leg is protected from additional downside.
You create a two-leg strategy with stop-loss enabled on both legs:
You also enable Move SL to cost under Additional settings.
How the strategy behaves
When the strategy is triggered, the CE leg enters immediately, and the PE leg waits for the Wait and Trade condition to be fulfilled before placing the order.
If the Sell CE leg hits its stop-loss before the Sell PE leg enters:
Result