Incorrect stoploss and squareoff prices

traderx

I placed an order like so on 22-06-2017 at around 12:16:00 PM

order_id = kite.order_place(tradingsymbol='NHPC',
exchange="NSE",
transaction_type=SELL,
price=33.8,
squareoff_value=13,
stoploss_value=13,
validity="DAY",
variety="bo",
quantity=1,
order_type="LIMIT",
product="MIS")

The order was placed successfully with order ID 170622000461676

However when I check on the Kite dashboard the SL-M trigger price is 37.45 which is incorrect. The correct price should be 33.8 + (0.05 * 13) which is 34.45

Similarly, the squareoff trigger price is 30.65 when it should be 33.8 + (0.05 * 13) which is 33.15.

Why is there this discrepancy? Is there something wrong with my call?

Thanks in advance for the help.

sujith

Hi @traderx,
Check out this thread to know how bracket order works on Kite Connect.

traderx

Thanks I looked at it. In your example from the thread:

order_place(exchange = 'NSE',
tradingsymbol = RCOM,
transaction_type = 'BUY',
quantity = 44,
price = 19.6,
product = 'MIS',
order_type = 'LIMIT',
validity = 'DAY',
trigger_price = '0',
disclosed_quantity = None,
squareoff_value=1.2, --------> This is points (which is correct?)
stoploss_value=18.1, --------> This is a price (which is correct?)
trailing_stoploss= 1,
variety="bo"
)

For my order below:
order_id = kite.order_place(tradingsymbol='NHPC',
exchange="NSE",
transaction_type=SELL,
price=33.8,
squareoff_value=13, (what does this come to in terms of price)
stoploss_value=13, (what does this come to in terms of price)
validity="DAY",
variety="bo",
quantity=1,
order_type="LIMIT",
product="MIS")

Heres how Im calculating the points. ( (trigger - price) / tick_size ). Is this correct?

Thank you

sujith

Hi @traderx,
All values provided are in points.

Please note the following constraints,
1. If the stop-loss value you provide goes below lower circuit then it will be set to lower circuit value.
2. If the square-off value goes above upper circuit then it will be set to upper circuit value.
3. All the points you define must be multiple of tick size for square-off, stop-loss and trailing stop-loss.
4. The minimum value for trailing stop-loss is 1. You can't set the trailing stop-loss value below 1.

traderx

Thanks.

This is from the example that YOU provided!!

order_place(exchange = 'NSE',
tradingsymbol = RCOM,
transaction_type = 'BUY',
quantity = 44,
price = 19.6,
product = 'MIS',
order_type = 'LIMIT',
validity = 'DAY',
trigger_price = '0',
disclosed_quantity = None,
squareoff_value=1.2, --------> This is points (which is correct?)
stoploss_value=18.1, --------> This is a price (which is correct?)
trailing_stoploss= 1,
variety="bo"
)

For squareoff_value you have provided points. For stoploss_value you have provided price. Should I make the call like this or use points for both?

See your point 3. "All the points you define must be multiple of tick size for square-off, stop-loss and trailing stop-loss."

sujith

User requirement:

In this example, the user wanted to place the stop-loss at price Rs1.5. Hence 18.1 is the points ( the difference between LTP and stop-loss price).

System behavior:

In the above scenario, the system will not set it to Rs1.5, rather it will set the stop-loss to lower circuit value.

Tick size for RCOM is 0.05 and 18.1%0.05 is 0.

traderx

Thanks for the help, I figured it out.

Your documentation should be a lot better otherwise it is very confusing. There are so many posts on the same.