• Getting started
    • Steps to get started
    • Subscribe to a paid plan
  • Features (Trade logic)
    • List of all Trading features
    • Entry by Premium
    • Move Stoploss to Cost
    • Wait & Trade
    • Re-Entry
    • Positional trades
    • Premium Matching functionality
    • Clientwise Stoploss & Target
    • Underlying based Entries & Exits
  • Advanced Settings
    • List of all Advanced Settings
    • Entry order delay & Exit order delay
    • Calculate entry & exit using Average price or LTP
    • Re-entry method
    • Re-entry timing settings
  • Order types
    • Order type: SL-Limit
    • Limit / SL-Limit EXIT orders
    • Limit / SL-Limit ENTRY Orders

Entry order delay & Exit order delay


What is Entry order delay & Exit order delay?

A delay in order placement can be added for either BUY or SELL orders for ENTRY and/or EXIT orders. 

Use case: MARGIN benefit
The functionality is useful to enter the BUY legs first and then after a delay of a few seconds enter the SELL legs, so as to get margin set-offs ie. MARGIN benefits on the entire spread.

Entry order delay

This setting allows you to add a delay for either BUY or SELL orders while opening a new position ie. while entering a fresh new trade.

Exit order delay

This setting allows you to add a delay for either BUY or SELL orders while closing open positions ie. while exiting trades.

Settings:

  1. Entry order delay:
    1. Delay entry of BUY positions: This option will delay the entry of Buy positions by the specified number of seconds from the Start time.
    2. Delay entry of SELL positions: This option will delay the entry of Sell positions by the specified number of seconds from the Start time.
  2. by (seconds) value: This is the number of seconds for which the order placement of the buy or sell entry orders will get delayed by.
  3. Exit order delay:
    1. Delay exit of BUY positions: This option will delay the exit of Buy positions by the specified number of seconds from the time MTM Stoploss or Target was triggered, or an exit was triggered at the End time.
    2. Delay exit of SELL positions: This option will delay the exit of Sell positions by the specified number of seconds from the time MTM Stoploss or Target was triggered, or an exit was triggered at the End time.
  4. by (seconds) value: This is the number of seconds for which the order placement of the buy or sell exit orders will get delayed by.
This functionality does NOT work when ONLY Buy or ONLY Sell legs are configured in the algo. It will work when BUY and SELL orders are both configured to trigger at the same time

Disclaimer for Delay Buy or Sell orders

  • The algo just adds a delay in shooting either buy or sell orders as configured using this setting. It is possible that both types of orders get executed at the same time, as maybe the initial orders get processed at the brokers end or executed at the same time at the exchange, as the delayed orders.
  • The algo does not wait for a confirmation of the execution of the orders that are sent out first before firing the delayed orders. The delayed orders are just sent out with a time delay irrespective of initial orders getting filled or not. This can cause margin shortfalls and rejections as well. Please keep this in mind before using this feature.