Comment on Cover Orders - For Higher Leverage

Nida commented on 06 Apr 2017, 03:54 AM

I placed a ‘Buy’ cover order on LT today at approx 1691 and trigger price as 1680. The stop loss order got executed within a minute at 1679.5! whereas the price never reached that point, the least it dropped to was ~1686. My understanding is that a stop loss order will get sent to the exchange only when the trigger price is breached. The order was placed at 14:02 on Wed April 5, 2017 however, you can check that the price never went below 1686. So, how was this order executed? Should it not have waited for the trigger price to be breached, before sending the order to the exchange? I have already sent my request to support and have not received a response yet.

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