Just a few weeks ago, we released one of our highly requested features, Basket Orders on Dhan App and Web (web.dhan.co) at the same time. It’s being extremely well received from our users and helping traders (more particularly F&O traders) to create better strategies and execute orders in an instant or way they would want to.
We’re thrilled to announce that we have combined the same experience on TradingView, with that you will now be able to place Basket Orders on tradingview.dhan.co as well.
Creating your own Baskets
As easy and fast as everything is on Dhan, creating baskets on Dhan is super simple. Just go and create one on the app or website. Once done, you now have a choice of adding any scrip to the basket by searching for it and then selecting the order type and then you are done.
Once added, you can immediately see the margin required for individual orders as well as for the overall basket.
Margin Benefit for Multiple Scrips in Basket
Users can have a view of the Margin Required for the pool of scrips in a basket with margin benefits adjusted, if any. The margin benefit is available in options trading when there is both Buy & Sell order in the basket and Buy order is executed at exchange before the Sell order.
There is a tab for Funds Required as well, which is margin required without any benefit adjustment. This is simply the sum of margin required of all the orders individually. It is shown here for the case when there is margin benefit available and Buy order for option does not execute at exchange, so it is indicative that users should have this much amount available in the trading account for other orders to get successfully executed.
Users can select the type of order they would like to place be it be Market, Limit or Trigger. For each order, users will have the option of placing orders as per their preference.
Duplicate Orders in Basket
Using the duplicate feature, users can easily duplicate their orders in the basket. This will be useful when per order maximum limits are set for trading stocks and F&O.
Automatic Sync of baskets across Dhan (App, Web & TradingView - tv.dhan.co)
We have made sure that the baskets created by you will be synchronised across all the dhan’s platforms. Eg : You can place & execute orders on tv.dhan.co using the baskets created on web.dhan.co as well.
Basket Orders are extremely useful for traders on Dhan in making decisions without having to place separate orders for each stock.
As always, we are coming up with more updates in the coming days to make Trading & Investing a better experience.
So Stay Tuned!
Product - Dhan