“Multi-Target Super Order”
1. Order Window UI Changes:
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Add a “+” button next to the “Target” field in the Super Order window.
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Clicking “+” should open a second target field (Target 2).
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Allow users to specify Quantity % or Exact Quantity for each target (e.g., Target 1: 50%, Target 2: 50%).
2. Execution Logic:
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Shared Stop Loss: A single Stop Loss price that applies to the total remaining quantity.
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Partial Exit: When the price hits Target 1, the system should automatically sell the defined 50% quantity.
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Remaining Leg: The Stop Loss for the remaining 50% must stay active.
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Auto-Trail Option (Bonus): An optional checkbox: “Move SL to Break-even when Target 1 is hit.”
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Allow users to set Multiple Targets within a single Super Order. Specifically:
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Target 1: Option to book a specific percentage (e.g., 50%) of the quantity.
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Target 2: The remaining quantity continues to run until the final target.
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Stop Loss: A single Stop Loss that applies to the entire position (with an option to “Auto-Trail to Break-Even” once Target 1 is hit).
Why this is useful: This “Scaling Out” strategy is a standard practice for many traders to lock in partial profits while letting the rest of the trade run for a bigger move. Currently, we have to place two separate orders to achieve this, which is cumbersome and doubles the margin requirement for some segments.
3. Why this is needed: Currently, to achieve a 50/50 split target, I have to place two separate Super Orders. This uses double the margin (for some segments) and is difficult to manage during fast-moving markets. Integrated partial booking would make Dhan the first choice for professional price-action traders.