Comment on Bracket Orders & Trailing Stoploss (SL)

Hanan commented on 06 Jun 2014, 06:46 PM

1. IOC = Immediate or Cancel. Use this to execute your order immediately or cancel it if all quantities don’t get traded.
COL = Cancel on Logoff. Order will be cancelled when you log off if the order hasn’t been executed.
2. LTP and ATP (Last traded price and Average traded price) are the two options given to you from where you can have your exit strategy. If you choose LTP, it will exit from that many points/ticks from LTP. And if you use ATP, it will exit a similar way from ATP.
3. Well, the minimum value for a trailing SL and SL is 20 ticks or if you choose absolute it is 1 point.

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