I have one problem with zerodha... while trading nifty future in braket order type..if quantity is 225 and if it gets executed partly in 75+75+75 then stoploss and target order placed in 3 different orders...so if target or stoploss hits 3 different orders gets executed and 20×3=60 brokerage...
two disadvantages are 1. Different orders as per execution size is a bit problem while changing stoploss/target.
2. Extra brokerage i need to pay.
While working with other brokers if order gets executed in parts then stoploss or target order is single. I.e. if 150 out of 225 quantity gets executed then they show 150/225 not 2 different ordes...and while trading equity its so much tension if you are trading big quantity to update stoploss/target.. yesterday i have traded 1500 quantity in sbi and thr are more than 15 orders and i was unable to change the stoploss for all the orders while trade was in profit and eventually eneded up making loss in the same trade due to n number of orders for same trade...literally thr was quantity like 1, 5, 7, 89, 29, 12 and so on..pls ZERODHA do something for this or let me know if thr is any solution for this..
Pls zerodha members shade some light if i am doing some silly mistake while placing order..
Btw am using kite (WEB VERSION)for trading.
This is exactly true. This was pointed out to Zerodha several months ago if not years ago, however, Zerodha was working on this. Not sure if some solution is finalized: but the logic should go like this:
1. Bracket order once placed should be given a Master-order-number
2. Bracket order might be getting executed in bits and pieces as per the market movement/volume. Each SL/Target order being placed should add to the SL/Target order placed by the Master-order referenced by the Master-order-number
Or probably there could be an option to merge the auto-placed Target/SL orders manually by the trader.
The only risk from Zerodhas side would be in case the Target/SL is very tight e.g. BO placed at Rs 264.50 with target=264.90 SL=264.40
... but still it would be better to hear Zerodha's say on this issue... Thanks !!!