Buy Limit orders with trigger

[builder35]

Hi Team,

I am looking for way to place Buy limit order using python.

Scenario :- ABC is trading at 100 and i want to buy only after it
crosses 105 and then my target is 110 with stop loss of 103.

In a current situation if i place limit order and stock is trading below my price it execute order right away(which i dont want). Order should only execute at my price not below or after that.

Can you help me on this?

[admin]

HI @ronak Please go through the doc
https://smartapi.angelbroking.com/docs/Orders
https://www.angelbroking.com/knowledge-center/intraday-trading/stock-market-order-types

[admin]

HI @ronak will test it from our side and update you.

[ronak]

Do we have a final solution for this? I want to buy with LIMIT but looks like its buying at market price instead. How to set a lower buy limit ?

my code: "{\n"exchange":"NSE",\n"symboltoken":1660,\n"tradingsymbol":"ITC-EQ",\n"duration":"DAY",\n"quantity":1,\n"disclosedquantity":1,\n"triggerprice":200,\n"transactiontype":"BUY",\n"ordertype":"LIMIT",\n"variety":"NORMAL",\n"producttype":"DELIVERY"\n}"

[jax248]

@rjbanna Just checked the JSON I am sending agree that my solution won't work :)

[rjbanna]

@jax248 I don't think so this would work. Because we place LIMIT orders when you want to buy something at a price lower than the current market price.

[jax248]

@builder35 Just add one more parameter as 'triggerprice'. By this it determines at what price order needs to be triggered. In price keep value as 0 in case you want to buy at Market Price after trigger, or any (95 in your case) desired value to buy at.

Your JSON will look something like this:

{
   "variety":"NORMAL",
   "tradingsymbol":"BAJFINANCE25MAR215500CE",
   "symboltoken":"52414",
   "transactiontype":"BUY",
   "exchange":"NFO",
   "ordertype":"LIMIT",
   "price":"95",
   "triggerprice":"95",
   "producttype":"INTRADAY",
   "duration":"DAY",
   "quantity":"250"
}

Let me know in case of any confusion.

[PandaTrade]

@builder35 you have to use STOPLOSS_LIMIT order instead of LIMIT order.
user TRIGGER PRICE as 105 and LIMIT say 120..

[builder35]

@admin Below was the order parameters. When i place this order symbol was trading at 93 and my order got executed at 94. But i was set to buy only when it is at 95.

            {
            "variety": "NORMAL",
            "tradingsymbol": "BAJFINANCE25MAR215500CE",
            "symboltoken": "52414",
            "transactiontype": "BUY",
            "exchange": "NFO",
            "ordertype": "LIMIT",
            "price": "95",
            "producttype": "INTRADAY",
            "duration": "DAY",
            "quantity": "250"
            }

[admin]

Hi @builder35 can you post your values which you are passing to hit limit orders.