At Dhan, we love to innovate and build incredible investing & trading experiences for you.
Dhan was possibly the first stock broker in India to introduce DDPI to enable the seamless selling of Stocks in your portfolio holdings. We announced this a few weeks back, and since then hundreds of investors on Dhan have completed the DDPI process (fully online, it takes just a few minutes) and experience the benefits of Fast Sell.
Now, we are going ahead and adding one of the most requested features on Dhan - Forever Orders on the Sell-Side of Equity, for all users who have activated DDPI on Dhan.
We are aware that this has been a long pending request from our users has been Forever Sell for Equity, especially by swing traders. However, we decided not to ship a half-baked product (basically alerting system + do EDIS approval every day and trigger orders) and waited first for DDPI to go live - just to ensure the most seamless experience is available on Forever Orders for selling from portfolio holdings.
Now, you can add Forever Sell orders for Equity on Dhan! For DDPI users, Forever Sell on Equity now means there is no more requirement of eDIS authorization every time to ensure their orders are placed.
Havenât completed DDPI yet? Go to âPortfolio settingsâ on Dhan and activate your DDPI now and join hundreds of users who have.
Currently, Forever Sell Equity is only available on your Dhan Mobile App. This will soon be available on the web as well. Also, do keep an eye out for Forever orders in OCO and MTF.
Thanks Naman. Yes itâs live. But we have noticed in certain cases the price gets moved and GTT order not get triggered. Itâs not with me what other has reported the same. May we itâs new and more feedback is on the way.
While I really appreciate the enthusiam and focus you guys have on making Dhan one of the most feature rich brokers out there.
I would rather that you guys make sure the existing features work seamlessly.
Forever orders is down since Monday, and despite talking to Customer Support, Writing a community post and explaining the issue over a phone call, Iâm yet to receive an ETA on the fix or any communication from Dhan.
Iâve personally seen the âFOREVER ORDERSâ broken twice, over the past 11 months of using Dhan.
This may not be a lot of instances, but a feature like this isnât something the user can check every day to make sure itâs working.
Hi @Vishk519, forever orders have been opened for few users only for past few days, and we have seen the use-cases on some of them where it did not execute for couple of reasons - DDIS wasnât activated (it takes some time), limit order but no liquidity at that moment and so on. We will make sure the communication is better. Will review the details of your query with customer service as well.
Hey @PravinJ,
DDIS is required for buy orders as well? If you have it disabled by design for a few then it is a different matter altogether.
I donât see how liquidity affects the orders from getting triggered if CMP=Trigger Price.
The orders may not get filled, but they should get executed, that is my understanding, correct me if Iâm wrong.
I also canât seem to cancel Forever Orders via Dhan Web, it prompts âPOA FLAG IS DISABLEâ.
DDPI enabled - Yes.
Required fund in the account - Yes.
The issue is itâs not getting triggered, Even itâs a market forever order or Limit forever order. I tested both the cases. Order get filled or not is the task of the exchange. Also the quantitiy is very limited 25. Market order should gets executed once the price is reached.
In above the screenshot, price moves forth and back twice but order didnât executed.
Not able to add forever sell order on delivery position taken today. I have confirmed with customer service team, they said once the stocks are in holding and are settled, only then I will be able to add forever order. So for same day, I have to place a normal sell order and from next day onwards, I have to place forever order. This is extremely inconvenient.
There should be an option to immediately add forever sell order after buy order is executed.
There is one more issue - forever order cannot be placed from positions, for that one needs to go to orders section and then search for the same scrip again and then add. This is also inconvenient, on the open position itself, there should be an option to directly add forever order reducing the number of clicks and searches required and the quantity should be auto filled if forever order placed from open positions.
Any order placed on the same day is only a position as you have the option to settle intraday and the shares have not been DELIVERED to the DMAT, which completes the Delivery.
So technically since Forever Orders are delivery only, and the shares arenât delivered, if the order triggers on the same day, there wonât be any shares to debit in the DMAT.
Forever order can also settle intraday because the segment is same, i.e delivery. If itâs triggered same day then the position is squared off, if itâs not triggered same day then it can get triggered anytime within 1 year and debit from holdings.
On every scrip page - say SBI as example, you will see 5 tabs when you open on app - Forever is second one. On top, there is option to toggle between Buy & Sell. If you are trying to set Forever order on sell side for a Stock that you do not have in your demat account - it will show you an error message - âInsufficient Quantityâ.
Hi @Sg10, I will check this. Meanwhile - can you confirm you are on the latest version of the app. Please check the App Store, the changes I mentioned went in last release.
