Order Placement Options
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Hello Prashant Sir and Definedge Team,
I'm pretty new to using the various tools and platforms that are available from Definedge. However, I suggest and request that we have an extensive order management system (OMS), specially for stop loss (SL) order.
We should have an option to place SL order based on close price of a candle/box/brick for any selectable timeframe (TF) like 5 mins, 30 mins, hourly, weekly, monthly, etc. So, this will help to execute the SL only after close of current candle/box/brick instead of when the price visits the set value while the current candle/box/brick is still running or active. This will come in handy in scenarios where we want to place a GTT order as a SL (even in Momentify) or we want to wait for the close price to compare with the set value before executing the order. It may also come in handy when the 'Super Algo Trader' becomes available.
Likewise, this option should be made available for ALL order types (like entry, exit, SL and trailing SL orders). And we may place such orders with an option to select 'At Open' or 'After Close' of a candle/box/brick for any TF which should be selectable.
Using the above with indicators and strategies will make this the most comprehensive OMS in the market. This will change the game for the retail traders with the various existing tools that you and your team have created so far.
Thanks!
