Suppose I put closest premium at 70 in Bank Nifty and simple momentum at 3 then let's say it takes a call which is at 68 then ideally that call should get a buy trigger at 71(68+3) but now that call instead of going up slips down to 40 then what is happening is the software is tracking that call only and its expecting that call which is at 40 to come at 71 and then execute buy order but that is ideally not possible and if it that is possible it will take a lot of time and during that long period no trade is executed
Now what I want is that if the selected option premium which is 68 in our case incase it falls below a certain threshold let's say 62 then the software should ideally select another closest premium to 70 rather than waiting for the earlier strike price to get triggered.
So am I doing something wrong while selecting the settings or does this happen generally with this software.