Hi,
Suppose Auropharma futures is trading at 780, and I want to buy at 790, what is the best way to execute this by filling in a trigger price at 790 ? Am I allowed to keep a trigger entry price for long above current trading price which is lower ?
Use GTT order
That is not allowed for futures trading.
You must need some API to trigger , @samsingh too was looking for this , He may help you if he gets any solution.
Ok, what if I enter SL order to buy futures at 790 if it is trading at 780 now ? Will it trigger at 790 only or will get executed immediatley ?
use SL-M order … Trigger price as 790
Won’t a slm at a higher price be immediately executed as current price is better ? One can’t put triggers at prices above current price for futures I guess ? @vishnux @velu
Can check this, one can use SL order in this case, keep trigger buy at 790, can use both limit and market trigger.
As simple as using a SL order type…
780 is better price than 790 for Buy order , So SL order will trigger immediately … I might be wrong , can someone confirm me ?
No, using sl one can place above market for buy and viceversa for sell, it will only trigger when the price reaches.
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In SL-M if we are buying then trigger price should be always higher than the current price .
If trigger price is lower than ltp then order will be extruded immediately ( some terminals throw error in this case )
Yea Correct @samsingh , Imagine I have open SELL position at average price - 100 ,If I create new SL BUY position at 120 , It wont trigger till it reaches there.
I think same logic like Cover order , One SL order for stoploss , Another Sl order for Target.
But I think SL-M buy Order triggers immediately if you keep trigger price below current LTP and vice versa.
So if one has to short a future at 97 and currently it is trading at 100, how can I enter a trigger price to short at 97 only ? If suppose I enter sl-m at 97, it probably would get executed immediately right ? I have the same question @vishnux
@siva pl help
you can use only SL order for that …It can be above or below price…
If you need guaranteed fill like market order … keep trigger price at 97 and price at 96 … depends on liquidity.
In this case enter sl sell order with trigger at 97. Also read more on the article I have given above, try few trades on equities first with 1 share, once you are comfortable then only use on futures.
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