Comment on Market Watch & Trading Screen
commented on
02 May 2015, 12:20 PM
Hi Nitin,
I used PI for couple of weeks for MCX.
I have following feedback for PI and Zerodha as well. Some of it has already been asked by many people across different Z-connect blogs. I am still repeating it.
1. Zerodha is good for full time traders only who can access their terminals during daytime. For working professionals like me,facilities like bracket orders and cover orders are proved to be of no use since we cannt use them in the night/Ah. It is bare minimum facility if you want such type of traders to succeed. Otherwise, we may only become a long term investor with Zerodha account. I suggest it should be done at the earliest. It is as critical (probably more) as charting tool PI.
2. If it is difficult for you immediately, I will suggest you to give ‘Order sets Order’ & ‘Order Cancel Order’ facility, which I feel will give more flexibility for a trader to use it and could be easier for you to give. Else, a facility to place trailing stop loss order, after taking the position will also be useful.
3. Valid Till Date Order is also required to be given else, we will have to find unfilled orders daily and place them again on daily basis, if we are waiting for a scrip to come in our entry zone.
4. PI – Daily chart is not working on MCX. If I open 8 Hours chart, then hardly, 2-3 candles appear on the chart. I cannt even zoom out to fit more candles on that screen. So, I cannt analyse a long time frame and I am forced to become a very short term trader for same.
5. I read somewhere, PI can show upto 50000 candles, but, even if we open daily time frame, drawing 100 candles is denied by the software. We can progressively open more candles for smaller time frames. However, I found that whatever number of candles I am entering for smaller time frames, it only shows as 50 – 100 candles that fit on the screen and , zooming out or scrolling left/ right to see more candles doesn’t work.
6. Need to provide more EOD charts, weekly & daily, at least.
7. We should be given to edit/ define the cover order Stoploss range at the time of ordering itself. Also, trading from chart screen can also have an option to place cover order by click of a mouse.
8. If MCX does not allow bracket orders in commodity, cover order with a flexibility to define the limit price will help eliminate the need of Bracket order upto some extent.
Though, I appreciate the progress Zerodha has made in a short span of time, however, there is still a long mile to travel.
Tushar Chaudhari