What are the details required to be given to place a cover SLTP order?
The details for a cover SLTP order are as follows:
1. Exchange
2. Contract Details
3. Action (Buy/Sell)
4. Quantity
5. Order Type - Limit
6. Stop Loss Trigger Price
7. Limit Price
The first 4 values would be automatically picked up from the Fresh order details. The Stop Loss Trigger Price value is required to be entered by you which would be the trigger price and the order gets activated once the market price of the relevant security reaches or crosses this threshold price. The value for limit price would automatically appear in the Limit Price field based on the minimum difference % for the stock between the Limit Price compared to the Stop Loss Trigger Price (SLTP)