Live Now: P&L Exit to Manage Risks & Protect Profits

[Pranita]

Dear Traders,

One of the most crucial aspects of a trader’s journey is risk management. The greater the control you have over your trades, the better your chances of staying consistent and thriving in the markets over time. At Dhan, our focus has always been on building features and products that empower you with more control, discipline, and confidence in every trade.

While some recent launches such as Super Orders made it easier to plan your trades in advance, Trade Plan on charts that allocates your funds to every trade, and others like Trader Controls were launched much earlier in our journey in 2022 to help you stay disciplined with trading. We now take another step in that direction with P&L Exit.

Introducing P&L Exit - a better way to manage your trades

With P&L Exit, you can set a maximum profit or maximum loss for all your Intraday and F&O positions. Once your set limit is hit, Dhan will automatically square off all your open intraday positions at market price. This ensures that your trading day ends exactly how you planned it, without emotions taking over.

How It Works :

• Go to your Positions screen and set your desired profit and loss limits for the day.
• You can revise your limits anytime during the day based on market conditions.
• Once either your profit or loss threshold is hit, all intraday and F&O positions are squared off at market price.
• You can also enable the Kill Switch after your target is achieved or stop loss is hit while setting your P&L exit. It will block new trades for the rest of the day.

Lets understand with an example :

You set your P&L Exit at a profit of ₹30,000 and have placed the following trades for the day:

Type	Stock	P&L	Status
Intraday	TCS	+₹2,000	Open
Intraday	Infosys	+₹1,000	Closed
Delivery	HDFC Bank	+₹5,000	Open
F&O	NIFTY 24000 28th Oct Call	+₹25,000	Open
MTF	ICICI Bank	-₹500	Open
MTF	Reliance	+₹800	Closed

• Only your Intraday and F&O positions (both open and closed for the day) will be included in the calculation. So your total profit = ₹2,000 (TCS) + ₹1,000 (Infosys) + +₹25,000 (NIFTY 24000 28th Oct Call) = ₹28,000
• Once your intraday profit crosses ₹30,000, all your intraday and F&O positions will be exited automatically at market price basis the above calculation.
• Your Delivery and MTF positions, open or closed (like HDFC Bank, ICICI Bank, Reliance) are not included in this calculation and will not be affected by the trigger.

Please note:

• P&L Exit applies only to Intraday and F&O positions.
• Delivery and MTF positions are excluded from the calculation.
• The feature is valid for the day only and remains active till the commodity market closes.
• Pending orders will be exited automatically.

Here’s a video that will help you understand the functionality of P&L Exit better: https://www.youtube.com/watch?v=H-RJhrzQwB4

Try out P&L Exit today and tell us what you think. How could this feature make managing your trades even easier?

Share your feedback so we can help you make the most of it.

Thanks,
Pranita

[Mohseen_Usmani]

@trust_level_1 @trust_level_2

We have an interesting new update for you. Do share your thoughts!

[pratik01]

Hi Team, Thanks for this feature.

This feature works for F&O Intraday position.

What about F&O Delivery positions (say I carried f&o position overnight)?

@Pranita @Mohseen_Usmani

[Pranita]

Hey @pratik01 ,

Overnight F&O positions will be counted and exited as well with P&L Exit. Hope this helps!

Thanks,
Pranita

[Deven_Mehta]

I want to check - if my exit is set at 30,000 as per the above example: will you trigger the exit at that level as market orders or limit orders? How will you ensure that my slippage does not take away my profits or accentuate my losses during injection candles

[NAYAK]

@Pranita

The new P&L Exit with Kill Switch is fantastic. Used it today and it’s already a game-changer.

One small request to make it perfect:

Please allow positive values in the “Limit Loss” field when unrealised P&L is in profit. Right now the “Limit Loss” field only accepts negative values (or zero). This means if I’m sitting on ₹10,000 unrealised profit and want to protect at least ₹5,000 of it..not possible.

Example:

Unrealised profit ₹10,000 → Set Limit Loss to (+₹5,000) → Auto-exit if profit drops to ₹5,000 (locks in min ₹5,000 profit instead of risking the entire gain).

This single change would turn the feature from “very good” to “world-class” and give exact control over how much profit we are willing to protect

Thanks again for the KILL SWITCH feature with Exit P&L.

[Mohseen_Usmani]

Hi, @NAYAK Welcome To MadeForTrade!

Thank you for your valuable feedback. We have shared it with our team to check the feasibility of implementing it.

[Super_Human]

i want to be able to group open positions and then set Pnl exit based groupwise?

[Madiya_Khatri]

Hey @Super_Human, that’s a super valid ask grouping open positions and setting a group-wise PnL exit would make managing trades way smoother, totally feel you on this. We’ve shared this with the team, and it’s definitely something we’ll be exploring.

[pratik01]

Hi Team, thanks for this feature.

-We need another similar feature (no idea if this is already available on Dhan).

-Feature: ‘Protect Profit’

-Say my running profit is 10000/-. My positions are still open.

-If I set my ‘Protect Profit’ to say 1000 and if my running profit comes down to 1000 then all my positions will automatically get exited at market price. (Atleast, i won’t exit my positions in a loss).

-Please add this feature.

@Dhan @PravinJ @Pranita @Mohseen_Usmani @Madiya_Khatri

[Mohseen_Usmani]

Hi @pratik01, we have noted your suggestion to lock profit if positions are running in profit, we will evaluate how we can add this to improve this feature.

[Lets-ape239]

+1 from me

[magicpoison]

this is actually a good and very useful feature. i don’t think it’s hard for you to add this as you already have it done for the loss and max profit amount, you just have to add one more trigger for exit positions when crossing entered profit protection value. any plans or still no plans to add this profit protection feature? @PravinJ @Mohseen_Usmani

[Msk92]

HI I have set the the P&L exit via the API multiple times and it has never worked for me even one. Despite setting the maxloss and max profit in the API it returning a proper successfully set msg, no matter how much the loss is beyond the maxloss set, it never initiates any exit of the positions. which is really bad. can you plz explain?

[Mrunmayi_Vaity]

Hey, @Msk92 To get this check, do help us with your UCC over DM, we will get this checked.

[zaman]

@Mohseen_Usmani @Pranita @Madiya_Khatri @Mrunmayi_Vaity Thanks a lot to the Dhan team for the P&L Exit Feature. It is becoming an important edge for Dhan and for traders especially after CAS implementation as profit need to be booked before CAS start as intraday is becoming very difficult with hardly any theta decay for option sellers intraday nowadays. But as mentioned by several users, there are a few additions which would make the P&L Exit Feature perfect

1. Please introduce the “Protect Profit” option once the position is running in profit as it books either max loss or max profit. I know Dhan is the best of the lot but for example in Groww, there is a Safe Exit feature where there is an alternate option of “Limit Loss at” and “Protect Profit at” and only one can be set. Of course, Dhan is better as there is no option to book profits in Groww and only the limit loss/protect profit option is there which works as a sort of intraday stoploss. But I am just giving an idea as I believe Dhan can make it excellent risk management tool for intraday traders especially if it can modify the P&L Exit to make it three tier. In the Max Profit scenario, it is already awesome to book the required profits. But in case of the loss scenario, it would be great if there is an option to make the button on Max Loss to an alternating option/button between Max Loss/Protect Profit so that once the trade starts running in decent profits, the Dhan user can protect his profits at a base level if the Max Profit is still far off.
2. One more suggestion as mentioned above is to group the positions by the index/stock if possible. For example, I trade both on Nifty or Sensex options while keeping other positional intraday or F&O positions in stocks. So, it would be great if the P&L exit feature is only valid for say Index options and does not affect the positional stock F&O or other intraday stock F&O. A groupwise P&L exit would be a great feature for such positions as mentioned by @Super_Human above. Again, this can be managed and I still prefer the first criteria of locking profits more important than this. Positional can still be somewhat managed using webhooks but grouping would be an added benefit.

I would highly appreciate if you could add the Protect Profit feature in the P&L Exit once the position is running in profit. I suppose almost every reply on this thread has requested it as it is very important especially in the current markets where CAS has made intraday trading very difficult for option sellers especially with negligible theta decay and sudden profit reversals due to a combination of very low premiums and extremely slow theta decay before CAS. I have made two big losses this month due to CAS and so, it is becoming imperative to book profits before 3:15 when CAS comes into play. At least, Protect Profit feature can make it similar to a trailing target.

[Mrunmayi_Vaity]

Hey @zaman ,

Thanks for the suggestion! We have your feedback on the P&L exit feature. We’ll review it and see how we can add it to make the feature better.

[zaman]

@Mrunmayi_Vaity @Mohseen_Usmani @Pranita @Madiya_Khatri Thank you for the Dhan team for the feedback and for trying to add the preserve profits feature on the P&L Exit Feature.

I have recently been sort of forced to move to monthly option strategies too in both stock options and index options while I am reducing intraday as option prices especially near expiry are working oddly after the implementation of CAS. So, I would request a P&L alert for grouped options positions in different stocks and index options. Grouping of positions is already there in Option Trader inside Position Analyser which I can reach just by clicking on Analyse in my Positions tab in Option Trader in Dhan. But I need to manually check each position for my defined stop loss to avoid heavy drawdown in that position. For example, here is a screenshot of my option strategies positions.

As you can see, the positions are already grouped inside Position Analyser in Dhan Option Trader. But I need to manually sit in front of my computer every day at all times even in monthly strategies. So, could you please add a P&L alert (I do not even need an P&L exit in grouped positions but just an alert inside each grouped postion) so that I can get an alert on my app or email as soon as it passes my planned stoploss. This would be extremely helpful in the current scenario where intraday option trading (both selling and buying) is becoming very difficult in almost all strategies nowadays. Once CAS is fixed at least (I do not think SEBI would remove CAS but at least the option theta decay mismatch can be fixed) intraday is not working that well from what I have noticed. And with the huge STT nowadays in Futures, that is also not easy unless STT changes over the last few years in Futures is rolled back or STT abolished completely. So, monthly option strategies are making more sense and are probably safer but please add a P&L Alert for grouped postions inside Options Trader so that an alert can be received in that stock or index positions group. Grouped positions have been introduced by most of the leading discount brokers including Zerodha, Groww, Fyers etc. though none of them have a P&L alert for grouped positions. So, that can be an added feature too which would be a first in the industry and would be very helpful for monthly option traders.

[Vaibhav_Lad]

Hi @zaman,

As discussed in detail over the call, we’ve explained how the P&L with Set Trigger Price condition works in Basket Orders. We also understand your suggestion for P&L alerts on Options positions and will look into it.

[zaman]

Hi @Vaibhav_Lad ,

Thank you for the awesome step-by-step guidance. It is a very good option especially for strategy users. Thank you again for the help and for bringing awesome features as always.