New rule from 21 march API and algo trdaer

APIs, Automation, Algos & Code
1

Hello,

I am currently using API for algo trading.

As per the new rules for API and algo trading that will be effective from 21 March, I would like to confirm whether market orders placed through API will still be allowed and executed normally.

Do we need to make any changes in the order placement code according to this new rule, or will the existing market order API requests continue to work the same way?

Please share your update or guidance regarding this.

Thank you…..

2

Haven’t heard anything regarding deprecation of market orders. :face_with_monocle:
If the volatility is high, market orders are automatically converted to limit orders by RMS. :safety_vest:

3

@Shrinath MARKET orders will be converted to LIMIT with MPP.

Reference - DhanHQ Update : Safer participation of retail investors in Algo trading - Static IP, MPP & Rate Limits

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