Need Help with setting Trailing Stoploss in Indiabulls

anandm · #1 29th September 2006, 02:22 PM

I'm new with the Power Indiabulls client (also new to stocks

) and need some help with using their client for setting Trailing Stoplosses.

I'm trying to figure out how to set a Trailing stoploss with PowerIndiabulls client... how do I lockin my profits over my BUY price.

Say, I bought a scrip (cash delivery) at 715 which is now trading at 722. Now I want to set Trailing StopLoss at 720 and ideally sell scrip to at 732. But if the price starts dropping, I want to automatically sell at stoploss of 720

How can I achieve this with Indiabulls client?

vince · #2 1st October 2006, 06:12 PM

I do not think either / or orders are available, so what you will have to do is put in one order with a stop at 720 at market, and another at a limit price of 732.

Do not forget to cancel the remaining order as soon as one of them is executed.

kgsirasangi · #3 2nd October 2006, 04:04 PM

Putting stop loss order in PIB of indiabulls FOR INTRADAY is as follows
1. Suppose you have already bought @715. For stop loss order @713 fill up sell order as follows
a)qty --fill your quantity
b)next column- MARKET---LEAVE IT AS MARKET.
C)next column --intraday
d)next column-- day-- leave it as day
e)next column-- DSC QTY--AGAINST THIS FILL UP A QUANTITY WHICH IS LESS THAN ABOVE QTY IN "a" above.---with this, pib will understand that this is a stop loss order
f)next column-- STOP LOSS--- AGAINST THIS FILLUP 713.

2) Above sell order means--- sell above qty at market as soon as market
close-price reaches stop loss order price. This order will be executed automatically as soon as price reaches 713.
3) for modifying/cancelling above order, press F3 and take necessary action.

For delivery cash order:
I have not tried this. But I think you may place similar order as above, daily,
with type of order as cash instead of intraday and monitor it till end of day.

Regards

anandm · #4 2nd October 2006, 05:47 PM

That was great...you not only gave me the solution but step instructions as well

How do you know the feature mentioned in Step (1.e) for PIB?

kgsirasangi · #5 2nd October 2006, 10:38 PM

Quote:

Originally Posted by anandm

That was great...you not only gave me the solution but step instructions as well

How do you know the feature mentioned in Step (1.e) for PIB?

1)What I have written in 1.e is what I was told by an indiabulls expert. It may or may not be fully correct. But it works for intraday stop loss orders.
2)For indiabulls guidance, please refer pib--help--online help---application related help---captrading--buy/sell---flash demo.

Thanks

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