Request to Zerodha: Introduce Bracket Orders for Delivery with Margin
Dear Zerodha Team and Fellow Traders,
I want to bring to everyone’s attention a feature that could significantly improve trading efficiency for many of us, especially those with demanding schedules. I’m talking about Bracket Orders (BO) for Delivery with Margin.
Why Bracket Orders?
Bracket Orders allow you to set:
Entry Price: Decide the price at which you want to enter the trade.
Stop Loss (SL): Automatically exit if the price goes against your trade, minimizing losses.
Target Price: Secure your profits when the target is reached.
It’s a three-leg order that’s not just convenient but essential for modern-day traders who cannot track the markets constantly.
Use Cases for Office-Going Traders
Time Constraints: Many working professionals don’t have the luxury to monitor markets all day. A Bracket Order ensures your trades are executed as per your pre-defined plan, without constant tracking.
Risk Management: Setting a Stop Loss is crucial for disciplined trading. A BO takes care of this automatically, so you’re not risking more than you can afford to lose.
Profit Booking: With a target price set in advance, you can capture profits even while focusing on work or other responsibilities.
Emotional Discipline: BOs remove the temptation to overtrade or make impulsive decisions, especially when markets turn volatile.
My Request to Zerodha
Zerodha has always been a leader in bringing innovative solutions for traders. If you truly care about empowering your users, I urge you to introduce Bracket Orders for Delivery with Margin on priority.
Additionally, please ensure there are no limitations on placing Stop Loss (SL), so traders can plan their strategies effectively without constraints.
Bracket Orders are a basic yet powerful tool that should be available to all traders, especially for delivery-based trading.
Thank you for considering this feature, and I hope fellow traders here will support this request to make trading simpler, safer, and more efficient.
OCO is available only for sell orders, and that too, only for intraday trades. For delivery trades, there’s no OCO, and even for buy orders, OCO isn’t available, not even for intraday.
In GTT or cover orders, a 3-leg order isn’t possible either. I’m not looking for workarounds—a simple bracket order would be enough.
Bracket orders are a standard feature on global investment platforms. It’s puzzling why leading Indian discount brokers haven’t introduced this yet.
This is pure bullshi*. If you are technically handicapped, you can say that directly.
How other brokers are providing this?
We are getting the data that 99% traders lose money, but my question is what are brokers doing to help them? Features like BO should be made mandatory for all the brokers…
I didn’t trade yesterday but those who did said cover orders were disabled
So even if BO was brought back, it wouldn’t be available during high vol due to execution risk.
I don’t know how other brokers deal with this, but most Indian brokers have it.
So far What I have seen UpStox have it in form of GTT & full size brokers have it ( including sharekhan ) .
Most if the discounted brokers have it as part of Intraday. But i want it for delivery trades .
And the reason for stopping it Zerodha mentioned during high volatility period, the fluctuation might be too high and additional orders might get triggered, but the same thing Can happen in intraday also but brokers like Dhan is giving it in intraday. And Zerodha gives it in some form of GTT but can not be placed after market hour and everyday you need to place this order before the market opens .
I second that, bracket orders should be considered.
Many things including Z infrastructure has evolved. @nithin can you reconsider introducing CO/BO?
And both leg execution is traders risk with disclaimer.
Trailing exits are particularly useful.
Dhan’s forever order feature could work for equity cash - buy/sell.
MTF and Forever Order complement each other and complete the Swing Trading experience. Now you can take a trade in MTF and set a Stop Loss or Target with Forever Order. This will ensure that your trade exits at your desired price, without you having to track it daily or every now & then.
To create a Forever Order for MTF, simply select the product type “MTF” from the drop-down menu. This option to select the product type is newly added. It is enabled for both types of Forever Order: Single Order and OCO Order.
It is available for cash as well now. Simple select the order type as “Delivery” while placing single or OCO order.
People here are demanding bracket orders as if it is premium feature. Please check with other brokers.
Fyers BO is a good choice, after sharekhan’s espresso being discontinued.
I cannot trade well without BO, hence chipping here in. BO has help me get out automatically of many trades in spikes, where your reaction time as a human would be impossible to implement your intended SL.
Please you all have a choice. If you are not being listened to, just don’t stay so loyal.
