Smart exit ---max profit or max loss

[Yeduraj]

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

[thisisbanerjee]

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.

[Yeduraj]

@Divyesh

[JayK]

@Yeduraj @thisisbanerjee,

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.

[thisisbanerjee]

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.

[JayK]

@thisisbanerjee @Champion_Trader

We have your feedback. We have Trader’s control section for risk management. We will explore how we can enhance this.

[pavz]

Something like this right ?

This is a helpful feature

[JayK]

@pavz Noted.