Comment on Bracket Orders & Trailing Stoploss (SL)

Hanan commented on 06 Jun 2014, 06:25 PM

The logic behind bracket orders is fairly simple: every executed trade should have a target and SL order sent out immediately. Let’s assume that you want to buy 1000 quantity of Nifty. If only 200 get bought and then suddenly Nifty crashes and falls 50 points (very possible), would you not want to have had an SL for this trade?
The problem with coding for something like this is that you can’t know at what price how many may get traded, and you definitely cannot risk not having a target or SL for something that has already been traded. We have only this way to work right now.

View the full comment thread »