Introducing Alert-Triggered Orders (ATO) feature on Kite

Zerodha Feature Announcements
22

That would be tricky to provide from our end so may not be possible in near time.

2 Likes
23

Hi @siva similar to BTST(Buy today sell Tomorrow), can we sell existing stock Today from delivery and buy same stock tomorrow?
Is there anything to keep in mind for this like how short delivery can be seen in BTST.

24

Nothing like that, you can do it without any worry.

1 Like
25

ATO is really helpful. Couple of suggestions:

  1. Can we please have a feature to copy an existing ATO (Similar to a “Copy GTT” feature).
  2. It is cumbersome to create a alert and then add individual instruments to be triggered by it. It would be great if we could also create the ATO from a instrument where the trigger / alert is the underlying and the buy / sell is for the instrument (similar to “Create GTT” which appears when we click on the three dots of any instrument).

Thanks.

26

Thanks for the feedback.

  1. Noted, we will check this.
  2. From the context menu, click “Create Alert,” select “ATO” from the alert window, and add orders to the basket. If I am missing something, could you elaborate on it in detail?
28

Missed it. My bad. Thanks.

29

When is it coming to kite app?

30

Will be available in coming updates.

31

Got an update today but couldn’t find ATO. So, i just asked about it.

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32

ATO will be available in the next update.

33

Hi Siva,

In fact we would request to give the option of placing a limit price protection range order or a pure market order on ATO’s. The reason being, when we have a option spread position open and want to exit at a given alert, at times it happens that buy side position is covered and the sell side position remains open due to limit price protection. This is in turn exposes us to unlimited risk. A feature which is there to protect risk becomes a potentially unlimited risk.

34

Can’t provide market orders without price protection for ATO,it is regulatory thing, but we can increase range based on feedback going further.

35

Thanks Siva, Can you also suggest any mechanism wherein if such short option position which didn’t got covered and remained open due to LPP( whether because of an ATO or limit order) can be converted to a market order and covered immediately.

My personal experience with LPP has been absolutely disastrous, I would rather want to be freaked out with a freak trade than to remain in a short position with unlimited downside.

36

Completely agree with you, but guess nothing can be done from our end, user has to see it and manually place order again, alternatively if one can code then they can use API to code it.

37

Will the margin requirement consider the open positions when the alert is triggered?

38

The margin required displayed on the ATO window does not consider the open positions.

39

I have a question about order of execution of ATO since it supports multiple instruments.

imagine if I want to enter a trade but since balances are transfered to bank, I invest in liquidcase. now if I choose “SELL” liquidcase and then put a BUY order for the stock, will that get success? or any chance for Rejection because of insufficient funds? (70% margin is okay)

40

Yes, the buy order should be executed, provided the sell order occurs first in the sequence and there are sufficient margins to facilitate the execution of the buy order.

1 Like
41

Yes, the range is very less for options, i believe 5% should be a good tradeoff IMO, 1% and 2% doesn’t work for options, and we will just have open orders.

42

@Arockiya_Raja