Question about placing Market Cover Order

anonymous

According to documentation at https://kite.trade/docs/connect/v3/orders/ , 'trigger_price' is for `LIMIT` orders, but everyone on tradingqna mentions CO stoploss as trigger price.

Suppose I want the stoploss of my order to be 100, should I set 'trigger_price' = 100 or 'stoploss' = 100? Again, my question is for 'market' cover orders. I'm using python client, if that matters.

sujith

There are two types of stop-loss orders we support one is SL (stop-loss limit) and SL-M (stop-loss market). A SL will have price and trigger price. A SL-M will have only trigger price.
For more information check out this article.

anonymous

Thank you, @sujith, that helps. Do you mind answering my other question about CO too?

sujith

The second leg order for cover order is SL-M so you can set only trigger price as 100 and when the trigger price is hit a market order will be sent.