Comment on Bracket Orders & Trailing Stoploss (SL)

Varun commented on 10 Jun 2014, 02:02 PM

Hi Nitin, I think this question has been raised by a few other traders as well – I looked at my contract note yesterday, wherein I used BO for a fairly large number of lots. Since the order doesn’t get filled in a single order, every time it fills an order (even if its a single lot), it triggers two orders – the SL and the target price. Since one doesn’t practically has a control on how many trades would be eventually be completed in, it becomes slight expensive, and less attractive to use the BO feature for anything more than a single lot (coz you MIGHT even end having 10 orders for a 10 lot order). Would you look into this? Possibly charging a flat brokerage amount as soon as a BO order is placed, and equal amt when the BO order is completed (either when all the TSL orders or all the target orders have been completed (or cancelled) ) ?

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