Comment on Stop Loss orders - Limit/Market

chella commented on 16 Sep 2015, 03:40 PM

In the aforesaid example given by Shri Renjith Pillai, where it is intended to buy the stock when it moves above 102, with a target of 110 and stop loss of 95, whether it is possible now to place the order such that when the price moves above 102 the stock is bought and only if the stock is bought, automatically position is closed if the target price of 110 is reached or the stop loss 95 is hit. This doubt is because earlier in these blogs it is mentioned that automated trading is not allowed to retail customers.

Imagine that when the price moves above 102 and immediately within a few seconds target price of 110 is reached and retraces quickly it may not be possible to place manual orders. Whether algo trading helps in such a scenario.

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