How to place Cover Order Zerodha Trader Nest Terminal?
Cover order entry Zerodha Trader Nest Terminal
Cover Order offers an order placement feature through which user can take intra-day position; system place s a cover order for this position specifying the Stop Loss Trigger Price and the limit price. This cover order will help user to limit the loss, if any, on the position. If selected, following option can be seen under it.
Buy Cover Order Entry
Sell Cover Order Entry
When users place the stop loss order, trigger price should be within the range that is displayed in trigger price range box. Once the cover orders placed it can be seen in Order book and in log window. User can modify it there (in order book) or exit if he wants so.