Risk mitigation in stoploss limit orders

jaideep siddula · Mar 26, 2024, 5:48 AM

What happens to the variety and order type to the stop loss limit order when the stop price is triggered?
i) stoploss and stoploss_limit respectively, or
ii) normal and limit respectively
Please help. Thanks in advance.

@Moderator_2 @admin

jaideep siddula · Mar 26, 2024, 10:51 AM

Dear @Moderator_2,

I want to express my sincere gratitude for your prompt assistance in resolving my doubt. This is so informative and helps a lot of people to identify potential risks in investing and trading.

I truly appreciate the effort you put into addressing my concern. Once again, thank you for your exceptional support. Please extend my gratitude to your team for their valuable contribution.

Best regards,

Jaideep siddula

Moderator_2 · Mar 26, 2024, 5:48 AM

Hi @jaideep-siddula

Please note if it helps
When initially SL order is placed, the order type will be Stop Loss, After the order got placed and in open, type will be changed from Stop Loss to Limit.
So the order that is in open, will be under variety of normal order and order type will be limit.

Regards,
SmartAPI team