Zerodha Part 2

[columbus]

Zerodha,

How about introducing 3 min time frame?After 1min ,straight away we have
5Min time frame ,as of now.If only 4 time frames are allowed now (1,5,30,60)
as of now,then one of either 30 or 60Min can be stopped.

 

[rag_bh]

Why Zerodha doesn't send EOD ledger balance by sms/email. Majority of the brokers send sms.
Is this not mandatory?

 

[ganapathi]

??? Status of market orders??

Sorry for semantic error.
I was referring to " bracket orders"

 

[Trader J]

Thanks for pointing out to traderji ad..

About your query on order should be rejected by the platform if it exceed the maximum size, this issue is already fixed.. If you place an order more than 10000 for nifty today, the trading platform itself rejects it rather than NSE rejecting it..

Saving Rs 10000 in one order, what I was referring to was, suppose you are buying nifty futures and you want to buy 200 lots at one go..

You can either place limit or market.. If you place limit 10000 qty will show in market dept window and your order might take forever to execute.. Suppose you put market order to buy 10000, if you do this during the illiquid part of the market, during midday or something, you can loose 1point just in impact cost.. So if market is 6010, your market order might get avg bought at 6011.. So on 10000 qty, you loose Rs 10000 only in impact cost.. Imagine if you had to execute such an order on stock futures or options, think about the impact cost!!

We are coming out with order based execution algos that can reduce the impact cost significantly.. 13 algos in all, one such algo which would help for a situation like above would be: iceberg, you can google for what an iceberg does

This product is meant for higher volume traders and will come with additional cost and clauses.. But the idea is to give this tool which institutional traders usually get at a fraction of cost to retail traders in India.

Will update all of you as and when we have the product details ready..

Thanks for modification in Platform, today I trade in INFY Option, and I dont know the max limit for INFY, so I start with 40 lots and I tryed modify to increase the lots till it rejected, INFY Max lots is 130 (16250), I am not sure, may be my margin limit exceed....Please provide link or list of new Maximum allowed lots in all NSE FO shares....or may be, is it 300 Lots ?


Iceberg is good for ranging market...but for breakout or breakdown, we need big order in once (I dont care the 1 Rs or more impact cost, order should be execute because some time price will go down or up in 30 Second by Rs 10 or 20, so please try in algo that we will able to put big order in once...Thanks

 

[Trader J]

Thanks for modification in Platform, today I trade in INFY Option, and I dont know the max limit for INFY, so I start with 40 lots and I tryed modify to increase the lots till it rejected, INFY Max lots is 130 (16250), I am not sure, may be my margin limit exceed....Please provide link or list of new Maximum allowed lots in all NSE FO shares....or may be, is it 300 Lots ?

Iceberg is good for ranging market...but for breakout or breakdown, we need big order in once (I dont care the 1 Rs or more impact cost, order should be execute because some time price will go down or up in 30 Second by Rs 10 or 20, so please try in algo that we will able to put big order in once...Thanks

Quantity Freez File

http://www.nseindia.com/content/fo/qtyfreeze.xls

 

[Trader J]

@ Trader J :

BOSS I sincerely wish to be able to trade in such huge quantities which you do..simply jealous of you...

Regards and Happy Trading:thumb:

Trade in huge quantities, possible in high volume Option, If you trade less (No of time), but whenever you get good signal, you can take huge position, but your profit and loss should be in control, some time you may be wrong, your profit will depends on if you right more than wrong. The cost of trading is very low due to all discount broking.

 

[nilupar123]

zerodha website in calculator in rang of gold charges fix ? any hindden chargies to zerodha ?

 

[nilupar123]

any zerodha member to use terminal ?

 

[megapixel]

Can you please confirm these two :

Spread Orders are market orders in terminal ?


If a leg of the Spread goes worthless ....there is a saving of brokerage of Rs 20 ?

 

[poortrader]

Hi Zerodha/Sachin

Can we trail in case of covered order, say we bought @ 100 Rs and sl is 99 then price goes upto 105, can we trail the sl to 101?