> For the complete documentation index, see [llms.txt](https://docs.algomojo.com/algomojo/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.algomojo.com/algomojo/strategy-rule/long+short-1.md). # LONG+SHORT (BUY + SELL) (SHORT + COVER) ### ***Equity*** | **Signal Action** | BUY | SELL | SHORT | COVER | | ------------------ | ------------------- | -------------------------------------------------- | -------------------- | --------------------------------------------------- | | **Signal Type** | Long Position Entry | Long Position Exit | Short Position Entry | Short Position Exit | | **Order Action** | BUY | SELL | SELL | BUY | | **Order Type** | Entry Order | Exit Order | Entry Order | Exit Order | | **Position Check** | No | Yes(Long) | No | Yes(Short) | | **Sqr-Off Qty** | Not Available | If No Open Long Positions, No Order will be Placed | Not Available | If No Open Short Positions, No Order will be Placed | Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that one share of long Equity position has been bought.

The Positions tab indicates that we hold a long Equity position of one share in Tata chemical. **Second Buy :**

The Orders tab shows a sell order, and this sell order will exit the existing long Equity position.

Under the Positions tab, you will see that the long Tata Chemical equity position has been squared off. **Sell :**

The Orders tab shows a sell order, and this sell order will exit the existing long Equity position.

Under the Positions tab, you will see that the long Tata Chemical equity position has been squared off. **Short :**

This will create a sell order for one share of Tata Chemical equity in the Orders tab.

In the Positions tab, you’ll see a short share of Tata Chemical equity. **Cover :**

This will create a buy order for Tata Chemical equity in the Orders tab according to the Long + Short strategy.

Under the Positions tab, you will see that the short Tata Chemical equity position has been squared off. ### *Futures* | **Signal Action** | BUY | SELL | SHORT | COVER | | ------------------ | ------------------- | -------------------------------------------------- | -------------------- | --------------------------------------------------- | | **Signal Type** | Long Position Entry | Long Position Exit | Short Position Entry | Short Position Exit | | **Order Action** | BUY | SELL | SELL | BUY | | **Order Type** | Entry Order | Exit Order | Entry Order | Exit Order | | **Position Check** | No | Yes(Long) | No | Yes(Short) | | **Sqr-Off Qty** | Not Available | If No Open Long Positions, No Order will be Placed | Not Available | If No Open Short Positions, No Order will be Placed | Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that one lot of long future position has been bought.

The Positions tab indicates that we hold a long Futures position of one lot in ITC. **Second Buy :**

The Order tab Updates with a second buy order.

The Positions tab shows a total of two long lots of ITC Futures. **Sell :**

The Orders tab shows a sell order, and this sell order will exit the existing long futures position.

Under the Positions tab, you will see that the long ITC Futures position has been squared off. **Short :**

This will create a sell order for one lot of ITC futures in the Orders tab.

In the Positions tab, you’ll see a short lot of ITC futures. **Cover :**

This will create a buy order ITC futures in the Orders tab according to the Long + Short strategy.

Under the Positions tab, you will see that the short ITC Futures position has been squared off. ### *Options* | **Signal Action** | BUY | SELL | SHORT | COVER | | ------------------ | ------------------- | -------------------------------------------------- | -------------------- | --------------------------------------------------- | | **Signal Type** | Long Position Entry | Long Position Exit | Short Position Entry | Short Position Exit | | **Order Action** | BUY | SELL | SELL | BUY | | **Order Type** | Entry Order | Exit Order | Entry Order | Exit Order | | **Position Check** | No | Yes(Long) | No | Yes(Short) | | **Sqr-Off Qty** | Not Available | If No Open Long Positions, No Order will be Placed | Not Available | If No Open Short Positions, No Order will be Placed | Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that a call option has been bought.

The Positions tab indicates that we hold a long position of 1 lot in BankNifty call options. **Second Buy :**

The Order tab Updates with a second buy order.

The Positions tab shows a total of two long lots of BankNifty call option. **Sell :**

The Orders tab shows a sell order, and this sell order will exit the existing long call position.

Under the Positions tab, you will see that the BankNifty long call position has been squared off. **Short :**

This will create a sell order for one lot of BankNifty call options in the Orders tab.

In the Positions tab, it updates with one short lot of BankNifty call options. **Cover :**

This will create a buy order for one lot of BankNifty call options in the Orders tab according to the \ Long + Short strategy.

Under the Positions tab, you will see that the BankNifty short call position has been squared off. ### *Options Dynamic* ***Buying***


Signal Action	BUY	SELL	SHORT	COVER
Signal Type	Call Position Entry	Call Position Exit	Put Position Entry	Put Position Exit
Order Action	BUY	SELL	BUY	SELL
Order Type	Entry CE Order	Exit CE Order	Entry PE Order	Exit PE Order
Position Check	No	Yes(CE)	No	Yes(PE)
Sqr-Off Qty	Not Available	If No Open CE Positions, No Order will be Placed	Not Available	If No Open PE Positions, No Order will be Placed

Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that a call option has been bought.

The Positions tab shows that we have a long position of 1 lot of Nifty call options. **Second Buy :**

This will update the Orders tab with a second buy order.

This will update the Positions tab to show a total of two lots of nifty call option. **Sell :**

The Orders tab displays a sell order, the sell order exits the existing call position.

Under the Positions tab, you will see that the Nifty call position has been squared off. **Short :**

The Orders tab displays a buy order for a long nifty put position.

Under the Positions tab, you will see that a long Nifty put position has been established. **Cover :**

the Orders tab displays a sell order for the existing long nifty put position to square off.

Under the Positions tab, you will see that a long Nifty put position has been squared off along with a previously squared-off call position. ***Selling***


Signal Action	BUY	SELL	SHORT	COVER
Signal Type	Put Position Entry	Put Position Exit	Call Position Entry	Call Position Exit
Order Action	SELL	BUY	SELL	BUY
Order Type	Entry PE Order	Exit PE Order	Entry CE Order	Exit CE Order
Position Check	No	Yes(PE)	No	Yes(CE)
Sqr-Off Qty	Not Available	If No Open PE Positions, No Order will be Placed	Not Available	If No Open CE Positions, No Order will be Placed

Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that a put option has been sold.

The Positions tab shows that we have a short position of 1 lot of Nifty put options. **Second Buy :**

This will update the Orders tab with a second buy order.

This will update he Positions tab to show a total of two lots of nifty put option. **Sell :**

The Orders tab displays a buy order, the buy order exits the existing call position.

Under the Positions tab, you will see that the Nifty call position has been squared off. **Short :**

The Orders tab displays a sell order for a short nifty call position.

Under the Positions tab, you will see that a short Nifty call position has been established. **Cover :**

The Orders tab displays a buy order for the existing short nifty call position to square off.

Under the Positions tab, you will see that a short Nifty call position has been squared off along with a previously squared-off put position. ### ***Option Hedge*** ***Buying***


Signal Action	BUY	SELL	SHORT	COVER
Signal Type	Put Position Entry	Put Position Exit	Call Position Entry	Call Position Exit
Order Action	BUY	SELL	BUY	SELL
Order Type	Entry PE Order	Exit PE Order	Entry CE Order	Exit CE Order
Position Check	No	Yes(PE)	No	Yes(CE)
Sqr-Off Qty	Not Available	If No Open PE Positions, No Order will be Placed	Not Available	If No Open CE Positions, No Order will be Placed

Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that a put option has been bought.

The Positions tab shows that we have a long position of 1 lot of Nifty put options. **Second Buy :**

This will update the Orders tab with a second buy order.

This will update the Positions tab to show a total of two lots of nifty put option. **Sell :**

The Orders tab displays a sell order, the sell order exits the existing put position.

Under the Positions tab, you will see that the Nifty put position has been squared off. **Short :**

The Orders tab displays a buy order for a long nifty call position.

Under the Positions tab, you will see that a long Nifty call position has been established. **Cover :**

The Orders tab displays a sell order for the existing long nifty call position to square off.

Under the Positions tab, you will see that a long Nifty call position has been squared off along with a previously squared-off put position. ***Selling***


Signal Action	BUY	SELL	SHORT	COVER
Signal Type	Call Position Entry	Call Position Exit	Put Position Entry	Put Position Exit
Order Action	SELL	BUY	SELL	BUY
Order Type	Entry CE Order	Exit CE Order	Entry PE Order	Exit PE Order
Position Check	No	Yes(CE)	No	Yes(PE)
Sqr-Off Qty	Not Available	If No Open CE Positions, No Order will be Placed	Not Available	If No Open PE Positions, No Order will be Placed

Example : {% embed url="" %} **Buy :**

The Orders tab displays the instrument symbol and indicates that a call option has been sold.

The Positions tab shows that we have a short position of 1 lot of Nifty call options. **Second Buy :**

This will update the Orders tab with a second sell order.

This will update the Positions tab to show a total of two lots of short nifty call option. **Sell :**

The Orders tab displays a buy order, the buy order exits the existing short call position.

Under the Positions tab, you will see that the Nifty call position has been squared off. **Short :**

The Orders tab displays a sell order for a short nifty put position.

Under the Positions tab, you will see that a short Nifty put position has been established. **Cover :**

The Orders tab displays a buy order for the existing short nifty put position to square off.

Under the Positions tab, you will see that a short Nifty put position has been squared off along with a previously squared-off call position.