Introducing Iceberg Orders: Now slice and execute large orders on Dhan

Hello @Dark

We have not enabled order slicing on Webhooks as of now. If you wish to place large orders via Webhook, you can add multiple legs of the same instrument on the Webhook order window on Dhan web.

Or add multiple copies of same alert in tradingview

This can lead to reaching the limit of 15 alerts in 3 mins.

Is there an easy way of splitting it in one JSON using Pine Script ? Could you please point me to any documentation ?

@Dark

It is really simple. Since we have multi leg orders in Webhooks, you can add same instrument multiple times.

This is very static. Does not work for a dynamic number of contract using TradingVIew’s strategy. As one cannot predict the number of orders that the strategy will place.

Does exchange treats Iceberg orders as normal order or algo order? If normal order then how because here the 2nd order is getting placed after execution of 1st order.

Hi @Sonu2 Welcome to Dhan community.

Orders that are sent to exchange via Iceberg are normal orders. Our order management systems slices the orders and then sends to exchange one after other, execution happens at exchange end, so order confirmations will be as and when they get executed. Note that exchange will always accept multiple orders for single client sequentially.

Thanks for the confirmation.

In iceberg order Can i buy 1 lakh quantity in one order(option trading)

Hi @Sanut Nifty freeze limit on a single order is 1800 Quantity (which is 36 lots). You can place your order for 1,00,000 Quantity (which is 2000 lots) and split it in 56 legs. Splitting is done automatically, max legs permitted are 99 legs (99 legs x 1800) = 178,000 appx quantity in a single order.

Hi @PravinJ, can we have iceberg order type on Trading panel in Tradingview chart (Shift + T), will be much help for scalpers

Hi @hitesh159,

At this moment, it is available on Dhan Order Window. However, we have noted your feedback to add in Dhan Tradingview.

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Thanks, adding to Tradingview order panel would be much more helpful.

@Sameet Iceberg orders doesn’t seem to work for currency contracts. please enable.

Hi @t7support,

Thank you for bringing this to our notice, and apologize for the delay in responding. Our team is currently working on this and will update the iceberg auto-slice in the next app build.

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Thanks @Sameet. Looking forward to it.

Thanks @sameet. Now it is enabled.

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@t7support You’re welcome!