Hi, I want to trade intraday in cash segment with large position sizes. Putting an SL is a must. Dont need to trail SL. The preferred order is Bracket order. However, BO cash segments trades will result is too many orders on exit leg and resultant brokerage will make it nonviable. If I use Cover order, then the both entry and exit will be at Market, resulting in unacceptably large slippages.
The challenge is not so much in futures as you get filled in lot sizes and therefore no of 2nd leg orders in BO are limited.
Any suggestion on how to do it? If I can use the regular Limit, SL, SL-M orders etc to implement a BO/CO but with combined margin not exceeding MIS, it might work for me.
I didn't get you. Can you let us know what are you trying to do?