🛑 Stop turning "Green" days into "Red"! Automate your trades using P&L Alerts with Automatic Square-Off

General
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Hey Traders,

Ever seen your green profit turn red—right in front of your eyes?

If you trade regularly, you’ve probably faced this. You enter a trade with a clear plan. You build a strategy—maybe by combining multiple positions, or running something structured like a Straddle, Strangle, Hedge, or a custom setup.

At some point, things look good. Your overall P&L is green :green_circle:. You think, “Let me wait a bit more.”

And then the market moves.

Before you know it, that green turns into red :red_circle:. Not because your strategy was wrong. But because markets don’t wait, and you can’t monitor everything all the time.

The Real Challenge: Monitoring Strategy vs. Scrip

When you’re running multiple legs together, tracking them isn’t simple. Each leg has its own price movement. You’re mentally adding and subtracting P&Ls, constantly checking the screen.

The moment you step away—or react a little late—things can slip. You aren’t just trading one scrip anymore; you’re trading an outcome.

So how do you stay in control—even when you’re not watching the screen?
By letting the system stay more alert than you.

:rocket: Introducing: P&L Alerts & Automatic Square-Off

This feature is built for traders who think in strategies, not just positions. Instead of tracking individual prices, you track what actually matters: Combined Profit & Combined Loss.

It allows you to:
:white_check_mark: Select one or multiple open positions.
:white_check_mark: Treat them as one combined setup.
:white_check_mark: Define your profit goal and loss limit upfront.

How does it work?

Once you’ve selected your positions, you get two simple choices:

:bell: 1. Alert Only
You’ll be notified the moment your combined profit target or stop loss is hit. You stay informed and decide your next move.

:gear: 2. Alert & Auto Square-Off
You get the alert—and the system automatically places square-off orders for your selected positions. No delays in order placement. No panic decisions.

Note: While the system places the orders instantly, final execution depends on market conditions and liquidity at that moment.

:clipboard: Practical Use Cases

  • Multi-Leg Strategies: Exit complex setups (like Straddles or Iron Condors) automatically based on the total strategy outcome.
  • Risk Management: Sets a hard stop on your losses for specific trades, ensuring you stick to your defined risk limit.
  • Offline Protection: Protects your open positions when you are away from the terminal or unable to monitor the app.

:mobile_phone_with_arrow: Step-by-Step: How to set it up

  1. Start Alert: Go to your Positions tab and tap the P&L Alert icon/button to get started.

    P&L Alert
    P&L Alert444×490 45.8 KB

  2. Create Alert: On the bottom sheet that opens, click on the Create P&L alert button.

    Create alert
    Create alert444×488 20.7 KB

  3. Select Positions: This is the game-changer. Check the boxes for the specific positions (legs) you want to track together. As you select them, you’ll see their Combined P&L update at the bottom.

    Select Positions
    Select Positions444×490 16.4 KB

  4. Set Your Alert: Configure the details for your strategy:

  • Name: Give your alert a custom name.
  • Conditions: Set a Target (Profit) or Stop-Loss (Max Loss)—you can set one or both.
  • Action: Choose Alert & place order if you want the system to automatically place square-off orders when levels are hit, or select Alert only for a simple notification.
    Set condition
    Set condition444×490 28.8 KB
  1. Done! Your strategy is now protected. You can view, manage, or track your active alerts anytime by tapping the P&L Alert button again.
    New alert
    New alert444×490 24.6 KB

:date: Rollout Schedule

We are rolling this out in phases to ensure a smooth experience for everyone:

  • Android & Web: We have started the rollout! It will be available to a small group starting 22nd Jan 2026 and will scale up to everyone by the end of this week.
  • iOS: Coming to all Apple devices next week.

If you don’t see it yet, don’t worry—it’s on its way to your device very soon!

:backhand_index_pointing_down: Question for the Community:
This feature is a lifesaver for traders. Do you prefer setting targets based on a fixed amount (e.g., ₹2,000) or do you calculate it as a percentage of your capital?

Let us know your style in the comments! :chart_decreasing::chart_increasing:

2 Likes
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Dear Upstox Team,
Thank you for rolling out P&L EXIT based on predefined profit or loss — this feature is now a must for disciplined trading.

But, P&L Exit combined with a KILL SWITCH (similar to Dh*n) is a MUST, so traders can avoid emotional over-trading once limits are hit.

Also, Adding PROFIT PROTECTION to this system allows traders to lock a portion of their running profit instead of giving it all back.
If possible, a TRAILING PROFIT PROTECTION option would make it even more effective.

This enhancement can force discipline, stop emotional trading, and protect profits.

I understand a full auto kill switch may impact brokerage, but this could easily be offered as a Plus / premium feature. Many active traders would happily pay to avoid one bad revenge-trading day wiping weeks of profits.

P&L based Exit + Kill Switch + Profit Protection = Life saver for traders

1 Like
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Hi @SHANTANU_39333730

We completely agree—exiting a trade is only half the battle. The harder part is stopping yourself from taking that “one last trade” that wipes out the day’s profit.

I can confirm that Kill Switch and Trailing Profit are already on our roadmap. We know how critical they are for discipline (and preventing revenge trading), so we are definitely working on them.

Thanks for the detailed feedback—it helps us prioritise exactly what you guys need next!

1 Like