Comment on Bracket Orders & Trailing Stoploss (SL)

Spr Falcon commented on 12 Jun 2014, 05:43 PM

Hi Nitin,

In that case, will it also be unmanageable for the software to modify one TSL+Target order instead of placing multiple orders? For example : Let us say a BO order of 100 lots are placed. The first execution is of 2 lots and a corresponding order is placed by the system. Next trade is of another 20 lots. The system instead of placing a fresh order can modify the first order to 22 lots. This can go on till the entire order is executed.

You need to work out a solution for this because apart from higher brokerage (consider that a BO of 100 order could end up costing 2000 against 20 otherwise), it also is going to be cumbersome and time-consuming, if these orders were to be modified.

It will be great if you could have the system place a single order at the end of the trade execution.



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