How to auto square-off an active order (exchange = kite.EXCHANGE_NFO, order_type = kite.ORDER_TYPE_MARKET, variety = kite.VARIETY_REGULAR, product = kite.PRODUCT_MIS) if price reaches to a target price? Can we set a target price at the time of placing the order and whenever the option premium price => target price, it will get squared off with profit?
You will have to place a market order with opposite transaction type. If market order is not allowed for some reason by RMS then you will have to place a limit order above ltp for buy or limit order below ltp for sell.
@sujith So I will have to place another order to square-off the active order opposite transaction type? If yes, I have been doing that to exit the positions. But I wanted to know if there's a way to set a "target price" at the time of placing the first order and whenever the "target price" is reached the position exits. So that I don't have to check for the ltp and exit the trade with a separate order.
