Trade Smart Online

[TradeSmartOnline]

I prefer using more than one window. Please go through the following two posts in this regard.

http://www.traderji.com/brokers-trading-platforms/85537-nest-plus-traderji-4.html#post791141

http://www.traderji.com/brokers-trading-platforms/85537-nest-plus-traderji-5.html#post791195

Ok. Thanks for sharing the same. So did you try that setting?

 

[timepass]

Ok. Thanks for sharing the same. So did you try that setting?

Yes, long time now. I think I did it 2-3 versions ago and I guess the upgrades have continued it.

 

[timepass]

Hello,
We've added Cover order to our knowledge base. Kindly refer to our article "What is a Cover Order?" for the details on cover order.

Read your knowledge base about it, but still haven't used the cover order as yet.

It is basically an intraday thing, isn't it ? No trader would keep a stoploss of 3% intraday. Even 1% would be too high.

So, can you reduce the limits in the cover order to say 1% or 1.5% and correspondingly reduce the CO margin required, then it would be a great idea.

Some other discount brokers are offering such benefits, with due attention to RMS, and the margins look very attractive.

e.g.

with 3% you could even enable options for CO.

 

[Mihir Bijur]

This seems like the straightforward way. Not sure why this is happened. Will speak to NOW about it but since this issue has not been raised by anyone else not sure if it is an issue with NOW or with some local settings.

In the meanwhile would request you to use the Snap Quote window only if that is working fine.

It is an issue with NOW. I can confirm.

The following are the lines in the code written inside UserSettings.ini that call Market Picture instead of Snap Quote. It is a pure case of neglect on the part of the coder and the testers.

Admin Net Position§Market Depth§Market Picture§F6 = Market Picture§Market Depth,71,5,F6,F6,TRUE
Buy Order Entry§From Buy Order Entry§Market Picture§F6 = Market Picture§From Buy Order Entry,200,2,F6,F6,TRUE
Fast Buy§From Buy Order Entry§Market Picture§F6 = Market Picture§From Buy Order Entry,106,2,F6,F6,TRUE

In fact, there are many small nagging issues with NOW for which I don't care to complain. I think other users also accept them as part and parcel. For example, I don't see any trades in the Trade Book(F8). I have to view them in Admin Positions(F11). This starts to happen as soon as I make desired changes to User Columns and User Settings like Font Size and Color. Tried fresh re-installs of NOW(about 10 times) and the problem always comes back. Zerodha Trader doesn't have this problem.

 

[TradeSmartOnline]

Read your knowledge base about it, but still haven't used the cover order as yet.

It is basically an intraday thing, isn't it ? No trader would keep a stoploss of 3% intraday. Even 1% would be too high.

So, can you reduce the limits in the cover order to say 1% or 1.5% and correspondingly reduce the CO margin required, then it would be a great idea.

Some other discount brokers are offering such benefits, with due attention to RMS, and the margins look very attractive.

e.g.

with 3% you could even enable options for CO.

Hello timepass,
Agree with you. This can be done. However, the lower limit for the stoploss is defined by NOW and is currently set to 3%.

We'll keep this in mind and see if something can be done about it.

 

[timepass]

In NF, with 1% SL, the max loss would be around 60-65 pts, with 1.5%, it would be max 100pts. So, even with RMS for 1 lot could be taken care of with Rs. 5000/-. Just imagine what the traders' reaction would be if you allowed this type of margin facility with CO !!!

 

[Mihir Bijur]

@tradesmart
There has been lot of request from members to update your backoffice.
Though it does the job but it looks like those windows 98 days.
If I have to suggest, then pls contact Comtek Software Systems, they provide backoffice solutions.
Hope you can update the same as early as possible.

Contact anyone though. Updating backoffice should be the top priority.

 

[TradeSmartOnline]

Contact anyone though. Updating backoffice should be the top priority.

Thanks for your feedback. We'll work on improving the back office experience. As mentioned in the earlier post, we are also in touch with the vendor about it.

However, for a better understanding, we'd like to know whether your comment is only due to the interface or there are any other issues too that you face.

 

[Mihir Bijur]

However, for a better understanding, we'd like to know whether your comment is only due to the interface or there are any other issues too that you face.

The interface definitely. Apart from that things like speed. Sometimes it is very slow. And why the printer ports(LPT3/LPT1/Epson) are shown. They are of no use to clients. They might even be printing paper when we click generate report from back office (who knows?). Option to change Financial Year would be great. Margin for derivative products. If all this is already there, then it is hard to find. Basically it needs a complete overhaul. Just take inspiration from a couple of other brokers. Thanks for asking the feedback.

 

[manishchan]

Trade Smart Online,

What is your margin required to buy 1 lot of Nifty (MIS) ? With zerodha, I can buy 1 lot with approximatley 9,000/-. Is this the same for you too ?