Why zerodha not enabled Stop Loss orders in Bracket orders.Lot of traders want their trade begin only when certain price reached, but now its not possible. I think its not that difficult to enabled stop loss orders in BO because both Limit order and stop loss orders have same functions.
Well LIMIT & STOP LOSS orders, do not not actually work the same way. A limit order will only execute at the LIMIT price where as the stop loss orders can be set in 2 types (SL-LIMIT & SL Market). The SL-M order will execute at market price once its triggered hence the execution price remains unknown as its a market price. Even you you set a stop loss limit, you need to put a trigger price and limit price and the execution happens in the range between the 2 so here too we cannot be sure.
So when we are not sure of the price the order will get executed , then the actual TARGET & STOP LOSS which is pre-determined cannot be calculated because in BO we don’t actually put the SL & TARGET Price but give a range in points or ticks and its set to be placed in the system once the order executes.
However this can be still possible if the STOP LOSS & TARGET is set with actual value rather than a range, but will certainly make the UI a bit messy. A thought to be considered for sure for the next upgrade.
I use all the orders types depend on stock to stock hence I agree with your Ans. first part but what I want to say its not that difficult to enabled Stop loss orders and It will help a lot for active day traders. But as you said thought to be considered,… Thanks a Ton