Feature request for order management

Hi There

Please add option to cancel existing orders on same strike while placing new order so that it can be easy and faster way of placing new orders quickly. It is very helpful to scalpers.

1 Like

Hi @Jagdish_j_ptl Are you referring to SCALPER platform?

On all platform there should be option to cancel existing order auto if we place new order. and specially scalper and tradingview plattform must have this feature. You can add option in preference to enable auto cancellation of previous order on same strike.

@Sachin_Khodpia Is this going to be in roadmap?

Hi @Jagdish_j_ptl

If I understood your requirement clearly

  1. Lets say you have placed the NIFTY 25000 CE (24th July Expiry) pending order with some Limit price
  2. Now you executed this order with market order type on SCALPER or TV
  3. You want this NIFTY 25000 CE (24th July Expiry) to be Auto-cancelled automatically,

Right? Need your explanation very clearly here :folded_hands: :innocent:

Yes but If we can connect I can explain you in better way the benefits and problem we are facing while trading.

In brief:

  1. When we have open position and we place StopLoss order. we can’t close position using square off feature or from close position option on chart. We need to cancel current stoploss before exiting position which many times closes our position in loss or less profit.
  2. If we have any pending limit order and we want to create another order but we do not have enough margin to place both order we need to cancel existing order. Here we misses perfect entry price which led us to loss or we miss that trade.
  3. This will also help in traiilng Stoploss where we can create new SL order higher without dragging or cancelling existing one manually. As it will place in one click instead of dragging multiple price (limit and trigger price) on chart which many times getting hidden on chart which I have already explained you.

@Sachin_Khodpia any update?

What you are mentioning is already in Product Pipline. Team is working on it

Thanks for update.