SL limit order type for cover order

Zerodha
1

Hi,

I want to know why SL limit order type is not enabled for cover order. Only market and limit order is allowed.
BO supports SL order. Is it possible to have this feature in CO also?

2

This will be little tricky as this will be having two trigger pending orders which can confuse many and also CO has trigger range limitation means leg order should be placed with in particular range, along with these it has other minor limitations. Anyhow the same can be achieved by BO.

3

Thanks @siva
Yes, I am using BO currently, but the problem with BO is it creates multiple trades for single order which may increases brokerage and other charges in case of more qty.

Btw, do u have any plan to have SL order in CO?

4

Not anytime soon.