Comment on Cover Orders - For Higher Leverage

TraderFnO commented on 08 Jul 2013, 07:26 AM

Can we incorporate a feature which can allow us to put such limit order(as discussed above) through modification option via trade book. I mean to say that we have the system generated pending stop loss and at the same time the pending limit order(above the stop loss) whichever hits first. This in no case will effect the safety which the stop loss provides to give higher leverage through CO and we will have the set target as well.

I understand this might require some software modification but this would be an asset for small traders who follow the standard rule of having stop loss as well as set target for the trade.

Please let me know if I am asking too much.

Thanks.

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