Does cover order stoploss can be canceled if i have successfully squared off the postion by giving a limit order for that?

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Every info available in Zcoonect. Only thing is we need to search for the answers:).

You need to go through this link- http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/cover-orders-for-higher-leverage

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No,not possible, the stop loss leg of cover order cannot be compensated with any other limit order in order to cancel it.

If you place another limit order similar to stop loss order of cover order, it will be considered as a separate new order and by evening again your CO stop loss will be auto squared off.

Only way to close CO is to use Exit Cover Order option or to let the stop loss value of cover order to get hit. Only these 2 ways.

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Thanks Andrew… It really cleared my doubts :slight_smile:

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Thanks Astro… This really helped me :slight_smile: