Can dhan make like smart exit… When specified book profit or max stop loss alert or automatically exit option.
When book profit or stop loss has been reached
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Yes. Very helpful and takes the emotions out of trading. When entering into position, if we pre-set these entry-exit conditions, then 90% of our emotions will be eliminated.
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You can specify the Profit / Loss for a specific position using OCO Forever Order. While we understand your requirement for exit based on overall P&L, a broker cannot exit a position on your behalf without you mentioning order details for that specific position.
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Hey @JayK I know a broker isn’t allowed to exit positions on anyone’s behalf.
However, nobody said that you can’t send a push notification or an in-screen popup that your position has reached the specified threshold, click to exit.
Just mentioning a few brokerages who have done it or doing it is Fyers (live) and Zerodha (announced on a post).
While I understand that Dhan builds by itself without heeding to the competition, but a little feedback never hurts. Hope you have a great day.
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It would be nice if we can input our desired profit or loss instead of exit price, and the terminal will calculate the exit price automatically. This will eliminate the need for brokers to exit positions on behalf of clients. (This is similar to what’s available in Zerodha, where you can enter a rupee amount and the platform calculates the number of shares for you while buying stocks.)
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@thisisbanerjee @Champion_Trader
We have your feedback. We have Trader’s control section for risk management. We will explore how we can enhance this.
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