Introducing Forever Orders (with OCO) on Sell Side

Product Announcements 🔈
3

Hi @nity,
Great Idea! thanks for taking the time to send this one in.

We have updated the Forever Order experience at this moment to enable to sell-side for F&O trades. We will be evaluating this and building more in this form here. I understand you had also suggested this to @PravinJ earlier, but it’s definitely an idea we can come back to when we are adding features to the latest version.

4

Yes, I have raised this request in October 2021. Hope, Dhan comes with this feature before October 2022.

2 Likes
5

Thanks for the update. Dhan is doing best in the industry. good experience in option trading …
is this FOREVER order SELL side active for equity?

6

Hi @jinsasajas,

Thanks for your kind words! We are in the process of adding Forever equity orders on the sell-side as well.

7

Enable sell side forever order for equity as well. Since it act as long term SL for my equity trades

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@Kiran , @PravinJ , @Naman,

  1. I reported this problem Forever order unble to set above trigger price is it resolved?
  2. @Satyam sell side forever order is not possible because of e-DIS, You have authenticate before sell.

Another feature request on forever order, if implemented then it will be industry first.

Currently when I create forever order it will be effective immediately and enabled for next 1 year.

Instead of that what I want one can have a choice here like I can able to create forever order today with start and end dates(off course end date is less than 1 year). It should not trigger before start date and after end date. Also get deleted after end date.

Why this is needed?
Few trading strategies are based on time based stoploss/ entry not necessarily price based

9

Hi @dhantrade

Now you can place trigger price above or lower that the market price. Here is one I just created.

Image from iOS
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You are correct on EDIS for equity side Forever Orders. cc: @Satyam

Now this feature request, first time someone has asked us this. We usually wait for a while until we see more users asking for this. Currently we are closing our priority list for July that we had announced, will shortly announce feature & products we are picking up for August.

1 Like
10

How can we use OCO for option buy? Can anyone share video related to OCO

11

Hi @Pazzy

Welcome to Dhan community. Yes, we have started making videos about Dhan, and are posting them on our YouTube channels: https://www.youtube.com/c/DhanHQ

Will include for Forever Orders too.

12

Ok can we use OCO order for option buy?

13

Yes, Option Buy / Sell both.

14

Hi, How to use OCO for option buying and can i use OCO order for existing option position ?

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Ok please upload video as soon as possible because at OCO we see only target and stop loss option but there is no option for buy

16

Well with Zerodha, i can put Sell Side forever order on Equity…

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It may be an old account when there was a power of attorney. Now EDIS is a standard flow to sell, and feel regulators / depository will enforce EDIS for all.

1 Like
18

Still we are waiting for OCO video

19

Hi @Lalit, @Pazzy,

  • For creating a new position through the Forever feature, you may use the ‘Single Order’ tab.
  • For putting both Stop Loss & Target on an exiting position, you may use the ‘OCO’ tab.
  • You may also use the ‘Single Order’ tab if you wish to just put a Stop Loss or Target on an existing position.
  • This feature cannot be used to create both a fresh entry position (Buy/Sell) along with an exit position (Stop Loss/Target) via a single order. It can be done through 2 separate orders. This is the industry standard.

Hope this clarifies.

Regards,
Jay K.
Head - Customer Support

20

You mean in dhan , we can not use both target and stop loss in option buy

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Is it Industry standard? Can we have an option of placing entry order along with SL and target from single screen ? Target and SL can be OCO (one cancells other) order which triggers once entry trade is executed.

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Hi @NitinVerma

We are evaluating that as well.