Comment on Z5 - Intro to our HTML5 Trading Platform

Nithin Kamath commented on 20 Sep 2013, 07:46 AM


Cover order can’t be placed with limit orders, cover orders have to be market and hence will not be suitable for the scenario you have mentioned.

You can put a normal limit AMO order, so if you are holding an AXIS bank future, you can keep 1 selling order with limit price as 1100 and 1 stop loss order with trigger price as 950. If price goes to 1100 it gets sold and if it drops to 950 it gets bought back with a loss.

the only issue would be that when 1 of the 2 orders get executed, the other will remain pending, so you will have to cancel that pending order manually.

Yes you can place the limit orders using AMO on Z5, but there would be some manual intervention required where you will have to cancel the order that is not executed.

Hope this helps

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