Hi, I was experimenting with python Kite API client. There I placed a few orders, but facing few problems. Take this parent order 170418000638204 for example. Once this was executed, two child orders were automatically placed for SL and PT. I wanted to exit this trade. As far as I understood, if I cancel any one of the two orders (on any child order if original order was hit in multiple lots) , then the open position will be exited at Market and all child orders will be cancelled.
Upon execution this BO generate the following child orders: 170418000641812(Limit) and 170418000641813 (SL-M). However, when I cancelled one of the the child order, only that child order got cancelled leaving the other order intact. Further, the position was also not squared. After than I was able to cancel the remaining child order as well without getting the position to be squared. So at 3.30 what I could see was open position on Kite web. This is not all, later on say after 3:45, I saw the following on Kite web:
Product Instrument Qty. Avg. price LTP P&L Chg. MIS PNB -50 155.9 155.9 0 0 MIS INFY -1 922.65 922.65 0 0 BO INFY 1 927.9333333 922.65 -8.9 -0.005693656 BO PNB 50 156.75 155.9 -42.5 -0.005422648
All this leads to mutliple questions:
1. I see PNB +50 under BO and PNB-50 under MIS, so can I assume that squared off and no margin in blocked and no transfer to demat is happening.
2. Why did these entries come after 3.45. So I place these orders, and they are being exited at market after 3.20, wont I see squared off positions at 3.30. Do I need to hope and pray that all positions with BO have been exited and I am not carrying any overnight positions. How I am expected to run a trading system if I trade in multiple scrips.
3. When I exited a child order, why didnt the trade exit completely. So basically, i am clueless to what happens when I exit a bracket order once the entry is made. This is what I used to cancel the order:
Hi @skk, You need to send order_variety while canceling bracket order as mentioned here. This was a special scenario, Hence admin had to square off position using MIS product type in post-market session.
You need to send order_variety while canceling bracket order as mentioned here.
This was a special scenario, Hence admin had to square off position using MIS product type in post-market session.