Integrated Stop-Loss (SL) for Market Orders

The Problem

​Currently, when a trader executes a Market Order to ensure immediate entry, they must wait for the order to fill before manually placing a separate Stop-Loss order. In volatile markets—like the NIFTY Options shown in the UI—this delay of even 5–10 seconds can lead to significant slippage or unmanaged risk if the trade moves against them instantly.

The Proposed Solution

​Add a "Protective SL" toggle directly within the primary order window (Buy/Sell panel). This would allow a trader to define their risk before hitting "Punch to Buy".

Key Functional Requirements

  • Simultaneous Execution: When "Punch to Buy" is clicked, the system should instantly send the Market Order and, upon fill, immediately trigger the linked SL order.

  • Flexible SL Inputs:

    • Fixed Points: e.g., Set SL 10 points below entry.

    • Percentage: e.g., Set SL at 5% of the entry price.

    • Fixed Amount: e.g., "Risk ₹500 on this trade."

  • Automatic Calculation: The SL price should be calculated dynamically based on the actual fill price of the market order.

Visual Integration (UI/UX)

  • ​Add an "Add SL" toggle switch above the "Punch to Buy" button.

  • ​Once toggled, a small input field appears to enter the SL value (Points/%).

  • Safety Check: A brief text summary below the button: "Order will be placed with an estimated SL at [Price]."

Why this deserves your vote

  • Risk Mitigation: Ensures no trade is ever "naked" without a stop-loss.

  • Speed: Reduces the "Post-Entry Stress" of rushing to set a stop while the price is moving.

  • Professional Grade: This brings institutional-level execution speed to the mobile retail trader

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Date

28 days ago

Author

AMIT KUMAR

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