(Resolved) Dhan web SL LMT orders

[som079]

Hi

Dhan web is rejecting SL-LMT order
44700CE, to be exited at a trigger of 9 rs and LMT price of 11rs
It says Lmt price out of range.

Screenshot attached
Kindly chk

Have contacted the cust care, but still am on hold. SO posting here

[PravinJ]

Hi @som079 The Limit Price that goes to exchange has a price range of 10%.

[som079]

Hi @PravinJ

Is there some way to resolve this?
So that the SL-LMT order can be used for profit trailing on expiry days

Perhaps allowing index options greater %

Example - A short position I have (nifty pe) is LTP 4rs

I want to exit if the price crosses 6rs, but then I can only put a LMT order of 6.6Rs,
60ps is too small a gap for getting a fill. Atleast 2-3 rs would be ideal.

[PravinJ]

Hi @som079

Suggest you to please go through this, these are limitations form exchange end. If we do not have these controls in place, the orders will be rejected by exchange.

Implementation of LPP (Limit Price Protection) on Orders Placed on Exchanges

Hi All We have recently introduced one minor adjustment to our Risk Management Policy and this update involves the implementation of our internal Limit Price Protection, in adherence to the NSE circular NSE/FAOP/54242. New Update: 25 Oct 2023 We have increased the limits from 10% to 20% between Trigger Price and Limit Price. The Exchange had introduced Limit Price Protection (LPP) in the derivatives market in October 2022. For more detailed information, you can refer to the post available he…