BO Order Problem: Multiple Orders for a Single Trade


#1

Dear @siva @nithin
BO generates multiple SLs + Target Orders even though trading a single order with multiple lots.
The problem arises when we trade 10 Lots or more NF with a single order. Sometimes the BO order (executed) generates 7 to 8 SLs and Target Orders in Order Section. And if the trade goes in the favor it’s very difficult to modify the 7+7 SLs (trailing) & Target Orders manually (not using automatic trailing SL). In a fast moving mkt sometimes it’s very difficult to manage the trade.

Is it possible Or do you have any plan to make a consolidated order for multiple lots in BO (just like a normal order)?


#2

Already asked for it many a times a year ago. Still getting no positive development regarding this.


#3

Hey @AkashKB

If there aren’t enough counter orders with sufficient quantity to match your order price and quantity, your bracket order will get split.

When a bracket order gets split, each split order will have its own separate order ID and have their own SL & Target orders. This is because bracket orders are algorithmic orders built to ensure that each execution/fill has a target and stop loss associated with it.

Refer to this support article for a detailed explanation. Since , BOs are built this way, presently it’s not possible to consolidate the split orders


#4

Alright, but there should be some sort of a button that will take all of the selected targets/stop and just enable the user to modify the value quickly. Otherwise its really a painstaking process modifying all of it by hand one at a time.


#5

In our list of things to provide this, will take time though.


#6

@siva you also told that ‘CO with SL as entry’ is in your list. Is it still in your queue? Any timeline?


#7

This is not possible in near time.


#8

[quote=“siva, post:5, topic:51592”]

Alright, but there should be some sort of a button that will take all of the selected targets/stop and just enable the user to modify the value quickly. Otherwise its really a painstaking process modifying all of it by hand one at a time.

In our list of things to provide this, will take time though.

@siva any update on this? Really need this option.


#9

This will take more time, working on few other new features and products.


#11

Agree with you ,In our list of things to do but will take some time, this is not that easy as it looks.


#12

@siva. Can you just guess or provide approx time?


#13

Hey brother I would recommend that you don’t get into illiquid stocks. I know there’s money to be made but believe me It’s better to enter into a trade where you could easily get out with very little slippage than a trade where you can’t get out or the getting out slippages is too high.


#14

Thanks @Gautam. Yeah, Once hands get burned. Things get careful.


#15

Learned it the hardest of ways with over 3L loss in a single trade.


#16

lol. I’m at 12.3 Lakhs. Absolutely. @Gautam. But yeah not in single trade.


#17

Guess you have more experience than me!!:laughing::sweat_smile: