I’m coming from another Broker(Zerodha) to try out Dhan for Algo Trading. Zerodha doesn’t support BO order and Dhan doesn’t support BO order for some scripts(particularly MCX). So I have my own code where I manage Multi leg orders
Orders placed are Entry, SL and Limit(Target order).
The margin required to place these three orders is the margin of 1 lot in Zerodha.
But in Dhan, the margin required is 2 lots. If there is only enough funds for one lot, it does not allow to place the last order(Target Price Limit order).
I assume this is a bug ? If not kindly provide clarity.
The margin required for BO & CO is standard as per our Risk Policy. It is kept keeping in view of interest of user and following all the regulations.
Yes, we do not provide BO & CO for options (and MCX products). The second leg of this order SL-M, and SL-M is not permitted by exchange in options trading.
We regularly relook our existing policy and if we can figure out something better, we will surely update it.