Is it possible to keep spot rate as trigger price for a Future order?

General
2

At present there is no direct ordering method for that.

I believe you can use AlgoZ or something to write some coding, not sure of that too. I have not used it. Already a question similar to this said, its not possible. Search for that question too.

Edit: Here is the link http://tradingqna.com/1543/setup-stop-loss-nifty-futures-based-trigger-event-nifty-spot

Good Luck!

3

No, if you are looking at automatic order/trigger. But, yes you can do it manually, by feeding the required spot rate, but is very difficult to get this type of order triggered, because SPOT and FUTURE rates never matches.

4

Any order should executes as classified class of assets only, hence no such order routed in terminal.

If you intent to do, may resolve it with some coding in your decision making S/W as reference of spot trading price for s/l trigger generation.

Good luck.

5

I think he is asking for requirement such as,
Whenever the spot price reaches a value say X, he wants to execute the Buy Order of Futures, at whatever rate the futures may be.

6

@AastroGuru Yeah correct,he’s asking as what you commented, but such a thing is not possible, automatically. Right?

7

@sudesh
I have not yet studied AlgoZ, may be people who know about it can comment.
In AlgoZ I think we can trigger some order, based on certain conditions met.
The condition could be the underlying spot price, I believe.

8

@ AastroGuru
Yeah, correct, I think it can be done in Amibroker by coding some afl’s, or we can google for afl’s (of whatever conditions we want). Now once the coding has been done, connectivity of Amibroker and NEST of Zerodha has to be done. I think it is possible, a good coder/programmer could be able to do it. :slight_smile: