Comment on Bracket Orders & Trailing Stoploss (SL)

Dharan commented on 01 May 2014, 07:33 AM

hi nithin,

LIMITATION of Bracket Order

For a 5 lakh capital, you can place more than 50 lots nifty future with the help of bracket order, but you can only enter one single number, like 6800, and many times you wont get all the 50 lots at one price point, so i feel u should have an option of trigger price, or should have a range where we can mention 5 points range. so you will get all the 50 lots executed with 6800 to 6805, with 20 points stop loss.

For doing 2 to 5 lots bracket order is fine. 80% of the time, the trade will get executed with a single price point.
some one had mentioned that he placed 36 lots bank nifty and only got executed 26, the reason is because of single price point, if there is an option to mention a range of 3 to 5 points. Or if that 6800 is a trigger price and all other orders get executed at market price, that will be great. Yes there will be slippage of 5 to 6 points per trade, when we have to do 50 lots. Other wise even though we get huge leverage with the help of bracket order, many times you wont get the trade executed fully at a single point price.

i feel more than trigger price, a column for range where we can mention 5 points, will increase the probability of getting the trade executed fully and not partially.

Kindly reply
thanks

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