What is a cover order?
The fresh order as defined above on execution creates an open position in FuturePLUS Stop Loss product. The cover order is an opposite order taken by you to close your open position. Assuming you have taken a buy position, your cover order will naturally be a sell order. The cover order will compulsorily have to be a Cover SLTP (Stop Loss) order. You also have an optional facility of placing a cover profit order along with the mandatory cover SLTP order.