Zerodha - Number One Discount Broker in India

[ksesha]

Thanks Zerodha, for the quick response, but ICICI and ShareKhan accept GTC orders. Can you give it a thought on how they are able to do it and why you should not do the same while designing and developing your next big technologically advanced software?

This is not allowed by the exchange(NSE), we offer it on MCX

 

[traderindia007]

They have very few existing customer with very low volume, the high volume or alert Traders already shifted, in 2006-7 to RKG (9 Rs per lot and Rs 999 unlimited in equity), 2010 Zerodha, 2011 RKSV and so on.

Thanks to Trader J and Columbus. i talked with them, they told they are not going to shutting down business , because there is huge lose in their last year profit they are winding up there franch and branches.

 

[amsin21]

Dear Zerodha,

For me, the Stoploss order not getting triggered / executed happened 4 times now, in last 3 months. Yesterday also it happened as I was having a short in Cardamom, a quick price reversal, SL didn't triggered, ended in 1500 loss by manually closing the short. Is this a bug in Nest trader? Do any other fellow traders encountered the same situation?

Any idea?

Regards,
Ajit

 

[shekharinvest]

Dear Zerodha,

For me, the Stoploss order not getting triggered / executed happened 4 times now, in last 3 months. Yesterday also it happened as I was having a short in Cardamom, a quick price reversal, SL didn't triggered, ended in 1500 loss by manually closing the short. Is this a bug in Nest trader? Do any other fellow traders encountered the same situation?

Any idea?

Regards,
Ajit

Generally this happens when we place SL as limit order. If price moves sharply below the SL and there are not sufficient number of orders within the Limit range, the SL remains in the system as an open order and does not get filled.

Better to place SL as market order or make Limit range a little wider.

 

[amsin21]

Generally this happens when we place SL as limit order. If price moves sharply below the SL and there are not sufficient number of orders within the Limit range, the SL remains in the system as an open order and does not get filled.

Better to place SL as market order or make Limit range a little wider.

Bro,

I can see only 3 types of orders : Limit, Market and SL. There is no SL-Market in Nest trader. So how-to?

The limit was wider from the entry price; : 600 Rs wide. The status of the SL order got changed from "trigger pending" and sits very comfortably there as a limit order without getting executed. :gun2:

 

[Zerodha]

Zerodha,

Can you hint about the launch time-frame of your new trading platform? Sorry, we guys are too impatient to use those "professional tools" mentioned in your blog, so we keep asking this. Hope we will get the advanced charting tool and bracket order facility.

Thanks

Punter,

One of the biggest challenges in India is on the technology, firstly you don't have too many techies who understand finance, but what is even more painful is getting the features approved by the exchanges.

Timeframe is still a challenge, but we have an in house team working very hard on this.

 

[Zerodha]

Thanks Zerodha, for the quick response, but ICICI and ShareKhan accept GTC orders. Can you give it a thought on how they are able to do it and why you should not do the same while designing and developing your next big technologically advanced software?

Ksesha, what ICICI and Sharekhan do is basically, place the orders you have placed every morning as AMO again.

Technically they are not GTC orders as they are removed from the cache of NSE servers and placed as AMO everyday.

WE will try to figure out if that is possible...

 

[Zerodha]

Bro,

I can see only 3 types of orders : Limit, Market and SL. There is no SL-Market in Nest trader. So how-to?

The limit was wider from the entry price; : 600 Rs wide. The status of the SL order got changed from "trigger pending" and sits very comfortably there as a limit order without getting executed. :gun2:

Amsin,

Check this blog: http://www.zerodha.com/z-connect/blog/view/stop-loss-orders-limit-market

This has nothing to do with a bug on the platform, stop loss orders with limit price aren't guaranteed an execution, especially more if the contracts are not very liquid like cardamom.

If you are not seeing an option for SL-M, send an email to [email protected] and they will enable immediately. Also when you are placing a SL order, in limit price if you mention a 0 it automatically becomes a SL-M order..

What Sl-M does is that when your trigger is hit, the other to buy/sell is sent as a market order guaranteeing u execution..

 

[doshiv]

Thanks Zerodha, for the quick response, but ICICI and ShareKhan accept GTC orders. Can you give it a thought on how they are able to do it and why you should not do the same while designing and developing your next big technologically advanced software?

Does the exchange order no for GTC order remains the same or changes daily ?

 

[doshiv]

Ksesha, what ICICI and Sharekhan do is basically, place the orders you have placed every morning as AMO again.

Technically they are not GTC orders as they are removed from the cache of NSE servers and placed as AMO everyday.

WE will try to figure out if that is possible...

Does the exchange order no for GTC order remains the same or changes daily ?