Why Co and OCO orders are blocked?

If the markets are volatile (or if there’s a sudden movement), specific intraday (MIS/CO) order types may be blocked. This ensures that clients don’t lose more money than what is available in their accounts and create a large credit risk to the broker.

Is Co and OCO blocked in Upstox?

All CO & OCO orders are blocked.

Is OCO order available in Upstox?

The Upstox OCO order includes 3 subsequent orders in a single order. In Upstox, it is basically a stop-loss order to maximize profits in a given situation. Such orders are best suited for intraday trades where a specific target price is fixed.

What is Co and OCO in Upstox?

Here, AMO stands for “After Market Order”, “CO for Cover Order” and OCO for “One Cancels the Other order”. AMO is a special order that can be placed before and after the market hours i.e. before the market opens – between 4 am and 9 am & after the market closes – between 6:30 pm and 12 am.

How use Upstox margin in intraday?

Activating the Upstox margin trading facility on Upstox Mobile:

1. First, log in to Upstox Pro mobile app.
2. Then click on your desired scrip.
3. Hit the “Buy” button.
4. Now, choose order complexity as “Simple” and product type as “Delivery”
5. Tick the “Enable Margin Trading Facility” option.
6. Accept the terms and conditions.

Does Upstox allow bracket orders?

A trader can “bracket” an order and set two orders on the opposite ends i.e. she/he can place a sell limit order on both the high-side and the low-side.

Is bracket order blocked in Upstox?

Yes. Cover Orders (CO), Bracket Orders (BO) and Trailing Stop Loss Orders are available at Upstox in both Equity and Commodity.

Why are bracket orders blocked?

Bracket Orders have been disabled on Kite since March 2020. This is mainly because of the issues Bracket orders create in times of increased volatility. The issue with BO is that when markets are volatile, sometimes both target and stop-loss orders get executed instantly.

What is OCO stop limit?

An OCO order often combines a stop order with a limit order on an automated trading platform. When either the stop or limit price is reached and the order is executed, the other order is automatically canceled. Experienced traders use OCO orders to mitigate risk and enter the market.