In this CONTRA TRADE order a trader can play a breakout in whichever side it goes (i. e. either long or short side) with a single order. In this type of order he will mention the trigger points on both sides and whichever side the order triggers the other side will be stop-loss order automatically.
With this the trader won't need to place 2 different orders and thereby the margin requirements will be half.
Dear TEJAS KHODAY kindly look into this suggestion on priority basis to help traders reduce the margin requirements in today's time and simplify trade
this is gold, if this can be done, it will be so peaceful
This can be achieved through alerts (It does not require a special order type). At the moment, clients can use third-party platforms and trigger breakout alerts to initiate trades in their accounts through the API/API Bridge as the case maybe.
WHAT IS PROBLEM WITH THIS TYPE OF ORDER AS FAR AS LEGAL POINT OF VIEW IS CONCERNED?NO REPLY RECEIVED FROM YOURSIDE.IF IMPLEMENTED FYERS SHOULD BE A ATTARACTIVE DESTINATION FOR INTRADAY TRADERS.