No, only one limit order will be placed, with the new Exit Limit Orders:
- If you have SL defined on instrument, SLL order will be placed, and modified based on trailing condition.
- Any other exit condition comes, e.g. Tgt/Time Exit, the existing order will be modified to limit order of price = (Tgt Price/Exit Time Price) + limit buffer
- If you don't have SL, then Advance limit order of Tgt will be placed(if tgt is defined on instrument), and at exit time or square off it will be modified to limit order of price = (exit time price + limit buffer)
- If you do not have SL/Tgt on instrument, then at the time of leg exit, a limit order with the exit time price + limit buffer will be placed.