@nithin As we know there’s lots of difficulties in auto kill switch execution by platform, here I would like to suggest one possible solution that can be helpful to users and also safer from platform perspective.
As i have read in earlier discussions on this topic, its easy to know the PnL but difficult to execute Kill switch and exit orders as if any wrong order execution done, it will come back to Platform.
So what I suggest is Just let the user set max loss threshold & once that mark is reached in intraday just nudge the user “Would you like to do Kill switch and exit all open positions if any?” Based on user selection Yes or No Kill switch need to activate.
By this way liabilities will not be on zerodha platform for any wrong order execution etc as The user only activating the kill switch by selecting Yes. & also more useful from user perspective as it will be far more easy in the heat of moment and emotions to activate kill switch by just selecting Yes instead of going to console.
@nithin@siva@Arockiya_Raja@MohammedFaisal
Dear Team,
Just sharing a trader’s perspective:
1. The core objective of a kill switch is to control emotional trading. Once emotions take over, manual confirmation defeats the purpose.
2. A pre-defined automatic kill switch helps traders avoid momentary emotional decisions — which is not possible if user intervention is required at that moment.
3. Even if there is minor slippage during auto P&L-based exits, it is far better than uncontrolled losses. A clear disclosure about non-exact execution prices is acceptable, but AUTO kill switch is essential.
4. Regarding technical limitations, Dhan already offers P&L-based exit with a pre-defined automatic kill switch, so it is clearly feasible.
Hope Zerodha considers this from a real trader-psychology perspective.