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Stop Loss Gap Requirement for ROBO Orders

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    Hello,

    I am reaching out to understand the requirement for a significant gap between the order limit price and the stop-loss price for ROBO orders.

    Here are the parameters I used while placing a SELL ROBO order for NTPC:

    Variety: "ROBO"
    Tradingsymbol: "NTPC-EQ"
    Symboltoken: "11630"
    Transaction Type: "SELL"
    Exchange: "NSE"
    Order Type: "LIMIT"
    Product Type: "BO"
    Duration: "DAY"
    Price (Limit Price): "334.90"
    Squareoff: "8"
    Stoploss: "3"
    Quantity: "6"
    The order failed with the message:
    "The gap between stop loss and limit price should be wider."

    However, when I increased the Stoploss to 4 or 5, the order got executed. I believe a gap of 3 (~0.9%) is already sufficient, and requiring a higher gap seems unnecessary.

    Could you please clarify why this high gap is required for placing ROBO orders?

    Looking forward to your response.

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