Zerodha Part 2

[comm4300]

Why can't cover order accept limit price?

when would we be able to set basic orders like that of MT4 -
Entry price, SL price, Tgt price....set and forget type..when it comes to discipline...

 

[calic]

Why can't cover order accept limit price?

when would we be able to set basic orders like that of MT4 -
Entry price, SL price, Tgt price....set and forget type..when it comes to discipline...

I too was thinking in the same line

 

[Zerodha]

Zerodha

Good news that you have enabled the cover order facility for equity as well.May I suggest a small change in your cover order facility?If a target price also can be placed through the same window ;which gets automatically cancelled once sl triggerred and vice versa would be very helpfull.And if I understand properly cover order facility in ZT works only with marketorder. why not with a limit order?I already have made a post in this regard but you seem to have not noticed it .The link to the same
http://www.traderji.com/brokers-trading-platforms/73585-zerodha-part-2-a-201.html#post748673

This is how cover orders are designed as a product.. The reason limit orders are not allowed is because a limit order blocks margin just for placing.. This product is meant for the scalpers who get in and out of a jiffy..

About target price and SL being placed at same time, as I mentioned earlier, it is called bracket orders and because one cancels other, it is considered algo and can't be give on a retail terminal..

 

[soft_trader]

About target price and SL being placed at same time, as I mentioned earlier, it is called bracket orders and because one cancels other, it is considered algo and can't be give on a retail terminal..

So how Sharekhan is able to provide it?

 

[comm4300]

it is considered algo and can't be give on a retail terminal..

yup.....totally agree....

retail always gets fosterly treatment...[not by Zerodha...but by the Exchanges themselves.]

 

[ethan hunt]

@Zerodha, kindly clarify:

Order Placed: Nifty Option 10 Lots @ Rs.50;

CMP 51 & oscillating up & down.

Order Executed:

Price comes down & hits our order price Rs.50,
4 lots are executed then the price again goes up,

pending order is 6 lots,

few minutes later price again comes down & 2 more lots are executed,

balance 4 lots are pending & are eventually cancelled as the prices continues to go up.

Kindly let me know brokerage charged ?

Order is executed in 2 separate chances.

 

[megapixel]

Alert facility in ZT are buggy.
This is what I have found ..

SMS alert - does not work.
Email alert -wrong alert. Timing also wrong.
Terminal alert - Never works

Do you have any Tester who can test out alert feature ?
Please report this to Nest Technicians . In NOW also they did not resolve it ...and same bug is chasing ZT now.


Also, When you are going to launch HTML 5 platform ? Who is the developer ? Nest Guys or different Vendor ?

 

[mkbsiva]

@Zerodha, kindly clarify:

Order Placed: Nifty Option 10 Lots @ Rs.50;

CMP 51 & oscillating up & down.

Order Executed:

Price comes down & hits our order price Rs.50,
4 lots are executed then the price again goes up,

pending order is 6 lots,

few minutes later price again comes down & 2 more lots are executed,

balance 4 lots are pending & are eventually cancelled as the prices continues to go up.

Kindly let me know brokerage charged ?

Order is executed in 2 separate chances.

As it is a single order... to my knowledge... brokerage should be 20/-

It doesn't matter how many chances it took to fill the order...

 

[megapixel]

Hi Zerodha

I am getting error when I try to download Client Margin Report from backoffice.

The error message is :

Error Occurred creating Report Object ..~Server.CreateObject Failed~

Please try to download from backoffice My Account > Client Margin Report to replicate this issue.


Do you have a solution to this ?

 

[Zerodha]

@Zerodha, kindly clarify:

Order Placed: Nifty Option 10 Lots @ Rs.50;

CMP 51 & oscillating up & down.

Order Executed:

Price comes down & hits our order price Rs.50,
4 lots are executed then the price again goes up,

pending order is 6 lots,

few minutes later price again comes down & 2 more lots are executed,

balance 4 lots are pending & are eventually cancelled as the prices continues to go up.

Kindly let me know brokerage charged ?

Order is executed in 2 separate chances.

Charged as just 1 order.. Even if you modified that original order to a different price, the order number wouldn't have changed and hence would not be charged extra..