Cover order is a good facility but we compulsory have to buy or sell at market price. Can't you change it ? I mean add trigger price facility in cover order. Without trigger price facilty, cover order seems little bit lame. What is the actual technical reason for not including trigger price facility in cover order ?
Thanks and regards.
Kindly note that Cover order facility is used extensively by day traders, and as an experienced trader you must be knowing that day traders require faster execution of trades. So, for their quicker trading, limit price is not included in Cover Orders and all trades are executed at market rate.
We appreciate your taking out time and providing your feedback for us. We assure you that your feedback has been forwarded to the concerned team, and if found feasible the same will be introduced in the near future.