Zerodha Part 2

[Zerodha]

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 ?

Will test the alert features and let you know..

HTML5 had small issue, a bunch of you are already trading, I guess some of them are on traderji.. we will take it live soon for everyone, probably 1st week of JAN.. Sam vendor, omnesys..

 

[Zerodha]

So how Sharekhan is able to provide it?

Still trying to figure out how Sharekhan has done it, but we have put up a request to NSE for this for allowing to our retail clients on Equity.. As this feature presently on sharekhan is only for equity..

We haven't got any response yet and would let everyone know once we have it..

 

[Trader J]

Guys, some good news for equity intraday traders.. Cover orders enabled and you will get twice as much margin that you get presently by using MIS for intraday equity on ZT.

So you will get between 6 to 20 times based on the stock you want to trade...
Check this blog http://www.zerodha.com/z-connect/blog/2012/10/cover-orders-for-higher-leverage on how cover orders work..

Originally Posted by Zerodha
When you are buying options, cover order doesn't really give you any margin benefits.. I know the limitation of using cover orders, while trading options in the sense, you don't get great flexibility in placing the trigger as the range is small.. We are finding a way out for this and will keep you all updated....

Dear Zerodha,
Thanks for consideration, Please also consider to increase cover order benefits from 20 % to 50 %, you can check in your system how many trader (%) using this facility, so exactly you know how much benefit you can allow. I think cover order is good for to take trade for very short term and its very risky than positional trade. Its depending on your technic that how many trades you can take in a day and your profit should be more than your loss.
Do have any extra facility for traders who want to do high volume (High No of Trade) intraday basis. If yes, than please send me PM. I want refer to my some friends. Thanks

Dear Zerodha,

Waiting for Options...high liquid Nifty Option...less risky than future....good chance for profit in last week of expiry for option writer...Thanks

 

[Zerodha]

Dear Zerodha,

Waiting for Options...high liquid Nifty Option...less risky than future....good chance for profit in last week of expiry for option writer...Thanks

J,

Option writers can use the cover order facility.. You get a pretty high leverage, only option buyers cannot use CO..

 

[megapixel]

Zerodha , you missed this post ?

http://www.traderji.com/brokers-trading-platforms/73585-zerodha-part-2-a-209.html#post750487

Can you please talk to one of your guy to look into this ?

I got this error last night......I still did not receive daily margin statement in email ...and also back-office download not working.

 

[Mihir Bijur]

In brokerage calculator, equity delivery, STT is 0.125%. Government regulation is 0.1%. Why is it like this?

 

[Trader J]

J,

Option writers can use the cover order facility.. You get a pretty high leverage, only option buyers cannot use CO..

Yes I know it, But the problem is Stop Loss Market Buy having only 1.5 %, If you want to use, it will immediate squre off, for example you want to sale Rs@7, it will give you Rs 7.10 Trigger Price, so please increase to 30-50 %, I mean trigger shoul be Rs 9. Thanks

 

[megapixel]

Yes I know it, But the problem is Stop Loss Market Buy having only 1.5 %, If you want to use, it will immediate squre off, for example you want to sale Rs@7, it will give you Rs 7.10 Trigger Price, so please increase to 30-50 %, I mean trigger shoul be Rs 9. Thanks

30 - 50 % stop loss ? Is not this quite big ? or you really going to afford this !

 

[a1b1trader]

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..

And I think, even if you modify that original but partly executed order to a different quantity (by adding more lots), the order number wouldn't have changed.
And it will be charged as just 1 order.
Am I right.

 

[Trader J]

30 - 50 % stop loss ? Is not this quite big ? or you really going to afford this !

Its on Option Premium, its equal to 15-25 Nifty Future......