Comment on Zerodha i3 - Execution based Algorithms
commented on
28 May 2014, 07:53 PM
Nagesh, for delivery based trading you will have to place a limit selling order at 47 and a stop loss order at 45.95. so if it goes to 45.95 your stock is sold or if it goes to 47 your stock is sold The only issue with this is that when either one of them is executed, you will have to cancel the other manually.
If this was for intraday trading, we have a very interesting product called as Bracket order, but that can’t be used for delivery based trades.