Auto StopLoss and TakeProfit by default

[LokeshK]

Hi @Dhan

Requesting to add Auto StopLoss and TakeProfit in Dhan platform by default with every single trade.

This helps in placing trades faster with enhanced protection as this is set default by the system.

Option to add default values (Points Based, % Based, R:R, etc., ) Also this should be Dynamic to change these values in the live trades on charts which overrides default values.

For R:R, if I set Risk to “1” and Reward to “2” based on these values SL / TP should change accordingly to Risk “20” to get Rewarded “40“

**Example :**
Default values set to 20 points or 20% for both SL & TP , [R:R - 1:2 or 1:3, etc…..,]

Order Placed - 100

TakeProfit - 120

StopLoss - 80

Trailing SL - 5 points

Trailing Target / TP - 5 points (Helps in chasing pyramid high)

This should be one type setup where users can enter prefered or custom values.

Expected output:

With a single click all these orders will be placed directly on the charts for a single trade. This eliminates multiple steps to place the other orders and saves time to place ultra fast trades with pre-planned setup.

Thanks!

[PravinJ]

Hi @LokeshK You have this available on Trader Controls for nearly two years and the same is very popular with users. You can define your default settings.

[AYUSH]

you can easily ascess

[DSingh]

@PravinJ This could be a critical feedback that this feature may need a better visibility for new users who don’t use advance features, may be a small icon on the order panel to set defaults.

[LokeshK]

@Dhan @PravinJ

I tried Adding default values for Sensex in the Order Preferences, This is working as expected in the mobile app.

1. But this is ot working in the web platform as expected, Seems there is an issue.
   Please check the below SS for reference

   ————————————

   1. Scalper & Power Scalper : Not Working

These default values are also not working in Scalper and Power Scalper Modes.

2. Web Platform: Not Working

3. Mobile App : Working

Thanks!

[LokeshK]

@Dhan @PravinJ Any update on this?

[Trishul_raj]

You are missing a critical logic here Stoploss can’t be placed randomly you can have fixed RRR but not fixed sl and TP points because it’s completely depends upon market volatility fixed SL and TP will not work everyday it’s should be dynamic not static.

[LokeshK]

These are the system generated values based on the parameters / default values set on order preference page for sensex.

[JP_Misra]

After using Dhan for some time now, I have realised the following regarding SL and TP default settings.

1. For Mobile App - the default SL and TP is taken from Order Preference (as shown in your screenshots)

2. For Web (tv.dhan.co) - the default SL and TP is taken from Trade Plan, click the down arrow on right side of Super button in your screenshot and change the Trade Plan.

3. Power Scalper - This has its own settings for default SL and TP, on the power scalper screen top right there is equalizer icon to change it.

4. Dext - This also has its own setting for order preference, click on the setting in top right icon and go to Order Preference section.

5. WiFi mode - Does not follow anything, it defaults to some random value of 2.5%, you have to SL and TP on your own.

Please check.