reliance money stop loss

[jaykuppur]

I am still confused regarding stop loss feature in Reliancemoney. The ideal way of designing a trading software must have the following features.
A. Stop Loss must begin with the start of the order itself as profit must be at our discretion where as the loss must trigger away.
Ex. In margin, Buy x @100 stop loss 98 or sell x @200 stop loss 204.
Reliance money accepts this kind of orders, but, stop loss will not get triggered. After buy or sell is executed, Inside Todays position neither show stop loss option nor stop loss will ever get triggered. The only way to avoid further loss is to square off the transaction inside todays position or by executing an opposite trade for equal quantity. I am greatly inconvinienced because of this. I do not know what is being missed. Is it due to non entry of trigger price? If so, what is the need of trigger price if stop loss is very clear to square off the trage in the event of loss?
After a buy or sell, the next auto trade mode must be at stop Loss if opted. Instead, all are shown under Limit mode in todays position inspite of opting for stop loss. Will some one explain what is being missed by me.

 

[tradzman]

Hi there ... Ur stop loss logic is wrong ..ideally if u r buying x at 100 u shud place the trigger & limit price above 100 & if u r selling then its other way ..
I do place stop loss orders on rmoney . It gets triggered ..

 

[josepaul81]

reliance money stop loss remains mystery for me, i think neuron understood the logic. Hai Neuron if possible please sent me a mail for the same. if the share is of 100 and i want the stop loss of Rs95. what amount to put in that 2 mysterious column. so that it should square off or trigger, whatever, as soon as it touches 95. what a pain in the butt to understand this, will be grateful to you," [email protected]" thanks and regards, Jose.

 

[kishandvs]

Is there any way we can book a stop loss permanently??