Comment on Margins- 2 Exit orders for 1 position
commented on
26 Nov 2017, 02:59 PM
please explain to me the margin requirement for the following orders?
I want to buy 2 lots of future contract X, place SL orders for both at same price and place 2 different target price for both lots.
I also want to trail both lots differently as price moves in my favour.
(Ex: Buy 2 lots of future contract at 400 via MIS order.
CMP 399
Target 1 405 SL 1 395
Target 2 410 SL 2 395
If T1 is achieved I will cancel the SL1 for that and would trail the SL2.
Order placing:
Place SL-M buy order for 2 lots price = 400.
After order is executed place SL-M sell order for 2 lots price = 395.
Then, place one limit sell order for 1 lot at 405, and place another limit sell order for 1 lot at 410.
If target 1 is achieved modify SL-M sell order from 2 lots to 1 lot.
If target 2 is achieved cancel the SL-M sell order for the 1 lot.)
I hope I am doing it right