I am developing a personal algorithmic trading application using Kite Connect API and need clarification on protective exit orders before enabling live execution.
My strategy buys Bank Nifty CE/PE options for intraday trading using the MIS product. Each entry requires a stop-loss and a target.
Could you please confirm the following?
1. Stop-loss support: Can Kite Connect place a regular `SL` (stop-loss limit) SELL order with `product=MIS` for an already-filled long Bank Nifty option position on `exchange=NFO`? 2. Target orders: Can a regular `LIMIT` SELL order with `product=MIS` be used as the target for the same position? 3. OCO support: Is there a broker-managed, atomic one-cancels-the-other (OCO) mechanism supported through Kite Connect for Bank Nifty NFO options with MIS? If so, which API and product/order types support it? 4. Partial fills: How should stop-loss and target orders be managed when an entry or exit is only partially filled? Does the API support a mechanism that prevents both exit orders from selling more than the remaining position? 5. Cancellation and modification: What is the recommended safe workflow for modifying or cancelling an existing protective order when the position quantity changes? 6. Restrictions: Are there any account-level, exchange, product, or instrument restrictions affecting these order types? 7. Static IP: Please confirm the current static-IP requirements for API order placement and how I can verify that my account's registered IP is active.
I understand that a stop-loss limit order may not execute if the market moves beyond its limit price. I need to understand the supported order-management mechanism and its limitations, not a guarantee of execution.
Please provide the applicable documentation or a technical explanation for these specific NFO/MIS option scenarios.
