IndiaBulls!!
- Thread starter trader31339
- Start date
Re: Indiabulls Brokerage Calculations
That sheet is not a contract note. That was created to quickly compute the net profit (after deducting brokerages etc). A contract note is a legal document your broker provides you after every buy/sell with every detail (e.g. how much money changed hands, how much tax you had to pay etc.)
That sheet is not a contract note. That was created to quickly compute the net profit (after deducting brokerages etc). A contract note is a legal document your broker provides you after every buy/sell with every detail (e.g. how much money changed hands, how much tax you had to pay etc.)
Re: Need Help with setting Trailing Stoploss in Indiabulls
I am not customer of PIB but this thread asked the question that I was also looking
for. kgsirasangi has mentioned the process of putting Stop Loss order.
Trailing stop loss is something which gets adjusted automatically by the broker's system as price move. In above example if I had put trailing stop loss at 720 when price is at say - 725.. then as price move to 727, my SL would have moved to 722 (i.e. 5 rs below the mkt price).. And this this is done automatically without any manual intervention by me.
Other typical order type is "One Cancel Other (OCO)" order. Here trader can put stop loss order as well as Profit taking order at the same time and indicate to broker's platform that it is OCO order . Broker's platform ensures that other order is cancelled as soon as either of the leg is hit (i.e. cancel profit taking order if Stop loss is hit, or vice versa).
These ordertypes are the need of traders and most of the international brokers provide them.
Would appreciate if readers can respond if their borker is providing these facilities. Otherwise, if borkers are reading this post then they have the idea to beat the competition.
Happy Trading
I am not customer of PIB but this thread asked the question that I was also looking
for. kgsirasangi has mentioned the process of putting Stop Loss order.
Trailing stop loss is something which gets adjusted automatically by the broker's system as price move. In above example if I had put trailing stop loss at 720 when price is at say - 725.. then as price move to 727, my SL would have moved to 722 (i.e. 5 rs below the mkt price).. And this this is done automatically without any manual intervention by me.
Other typical order type is "One Cancel Other (OCO)" order. Here trader can put stop loss order as well as Profit taking order at the same time and indicate to broker's platform that it is OCO order . Broker's platform ensures that other order is cancelled as soon as either of the leg is hit (i.e. cancel profit taking order if Stop loss is hit, or vice versa).
These ordertypes are the need of traders and most of the international brokers provide them.
Would appreciate if readers can respond if their borker is providing these facilities. Otherwise, if borkers are reading this post then they have the idea to beat the competition.
Happy Trading
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