Zerodha....

[sumosanammain]

Hi Vijay,

When you meant admin, I thought you were talking about the moderator...

Lot of confusion on triggers for stop loss orders... For your stop loss to be activated it is mandatory for the trigger price to be recorded on the exchange...

So if you put a trigger of 5625.65 , your stop loss order will get activated only if this price is recorded on the exchange... If nifty falls from 5630 to 5625 in one tick and this price is not recorded on the exchange(5625.65), your order will not get activated... So try keeping triggers at whole numbers , your limit price could be anything, but triggers keep it at prices that you think will be recorded when markets move fast... In this case ideal trigger would have been 5625 or 5620...

Cheers..

Conflicting views ........ I think you may be wrong on this one, Sachin.
If this were the case, most stop losses in companies in equity, would never become active, and this would be a widely known issue. Its common for a stock, not actively traded, to fall a few rupees without a trade in between, keeping the stop loss trigger inactive. And this would have been widely doscusses in this forum, as we have thousands of traders here who trade in cash market. It would have been a hot topic for dicussion in cash market.

Can you please confirm with the exchange and get back to us on this regard?
If I keep a trigger at round figure, I face slippage. I dont think that EVERY 5 paise tick is traded at when Nifty goes up or down, and this would be a very commonly discussed problem, if what you say was actually the case.

And if its true, then its just a matter of time when disaster srikes day traders. It not a question of " Will it " It then becomes a question of " When will It "

 

[Zerodha]

Conflicting views ........ I think you may be wrong on this one, Sachin.
If this were the case, most stop losses in companies in equity, would never become active, and this would be a widely known issue. Its common for a stock, not actively traded, to fall a few rupees without a trade in between, keeping the stop loss trigger inactive. And this would have been widely doscusses in this forum, as we have thousands of traders here who trade in cash market. It would have been a hot topic for dicussion in cash market.

Can you please confirm with the exchange and get back to us on this regard?
If I keep a trigger at round figure, I face slippage. I dont think that EVERY 5 paise tick is traded at when Nifty goes up or down, and this would be a very commonly discussed problem, if what you say was actually the case.

And if its true, then its just a matter of time when disaster srikes day traders. It not a question of " Will it " It then becomes a question of " When will It "

Will find out about it from NSE tech boys tomm and post back...

 

[GTji]

Conflicting views ........ I think you may be wrong on this one, Sachin.
If this were the case, most stop losses in companies in equity, would never become active, and this would be a widely known issue. Its common for a stock, not actively traded, to fall a few rupees without a trade in between, keeping the stop loss trigger inactive. And this would have been widely doscusses in this forum, as we have thousands of traders here who trade in cash market. It would have been a hot topic for dicussion in cash market.

Can you please confirm with the exchange and get back to us on this regard?
If I keep a trigger at round figure, I face slippage. I dont think that EVERY 5 paise tick is traded at when Nifty goes up or down, and this would be a very commonly discussed problem, if what you say was actually the case.

And if its true, then its just a matter of time when disaster srikes day traders. It not a question of " Will it " It then becomes a question of " When will It "

It is definitely not true. At least a couple of times by mistake I have put the trigger price for a sell order well above the days high and the limit price where I intended, below the support levels and the order had gotten triggered, and sold at the going market price even though obviously the exchange had never recorded the price where my trigger was set by mistake.

 

[EagleOne]

@Sachin
This stop loss thing has gone too far, my friend. Becoming more like splitting the hair!
So please, you tell them how to set the alert. A much better way, in my opinion.

Good night all

 

[CASPER]

.......
I had placed minifty AMO order yesterday at 8.30 p.m. Today morning i have changed the order. After changing the order the order looks like this

Short minifty 40 @ 5628.15 Trigger price 5628.65.

When i modified the order the CMP was around 5670.

When the minifty went down to 5627 the order did not get triggered. Low was at 5627 for sometime. Then it came back to 5633. It stayed there for sometime. Then later it went even more down till 5616.10 .

Vijay ...,

Going by the price you have mentioned trigger 5628.65 Short minifty 40 @ 5628.15 its is not necessary that once price falls below 5628.65 your order will be TRADED it ONLY confirms your TRIGGER will be executed..

Let us say for example irrespective of Whipsaws when price goes below 5628.65 your trade is triggered and an order is placed for you at 5628.15 since the difference between trigger and trade price is just 00.50 there is ALWAYS a chance that Price WILL slip through i.e when your trigger gets generated and an order is placed for you at a diff of 00.50 at 5628.65 Price would have gone much low and since your order is LIMIT order it will still be there and NOT get traded.Irrespective of Broker its the same .

But Statement what i have highligted in Red is Strange ..., Once you place orders in Zeroda Pls check the status does it say " Put request received ..." If yes you must reconcile and then take necessary action.

Hi Vijay,

...
So if you put a trigger of 5625.65 , your stop loss order will get activated only if this price is recorded on the exchange... If nifty falls from 5630 to 5625 in one tick and this price is not recorded on the exchange(5625.65), your order will not get activated... So try keeping triggers at whole numbers ,

Cheers..

As far as i know if nifty falls from 5630 to 5625 in one tick Vijay's TRIGGER(Mathematically trigger must be EQUAL to OR LESS than in this case ] will get executed but order will NOT get TRADED because its a LIMIT order and NOT Market price Order.

Conflicting views ........ I think you may be wrong on this one, Sachin.
If this were the case, most stop losses in companies in equity, would never become active,

SSM...,

SL WILL become active but the question is will it get TRADED if they are LIMIT orders ..., Placing SL with a Limit Order at least in My opinion may slip through especially during Whipsaws..., And if placed at market price then Obviously there would be some slippage but cant help ..., Its better during whipsaws .

 

[GTji]

Can anyone guide me on how to use the NSE NOW link-to-excel facility to feed data to Amibroker?

 

[moneypower]

Just wanted to check what is the margin requirement for writing NIFTY options? I guess zerodha has very high margin rate...

 

[Zerodha]

Just wanted to check what is the margin requirement for writing NIFTY options? I guess zerodha has very high margin rate...

Hi , margin requirement is as stipulated by the exchange(NSE).. For intraday 40% of the stipulated margins...

 

[vallabh_joy123]

How to download NSE TAME software for desktop.. while i go through Zerodha website to download there is a error on download link...

 

[Zerodha]

How to download NSE TAME software for desktop.. while i go through Zerodha website to download there is a error on download link...

Do you mean NSE NOW?? NSE TAME is basically a web tool, you need to login to nowonline.in or now-online.in and you will see the link to tame... For downloading the software to trade, the tutorial is put up by us on youtube, search for askzerodha on youtube and look at the video getting started...

Cheers...