Subject: Suggestion for Improving Bracket Order Execution and Stop Loss Modification in Bulk Trades
Dear Fyers Support Team,
I hope this message finds you well. I have been using your trading platform for some time now, and I truly appreciate the range of features and technical tools that Fyers offers to enhance the trading experience. However, there is one area where I believe significant improvement can be made, especially for traders who frequently use bracket orders in bulk quantities.
When I execute bracket orders for large quantities, say 1,000 units split across multiple trades, the system assigns different prices for each split quantity. While this is understandable due to market dynamics, it poses a significant challenge when it comes to managing and modifying the stop-loss orders for each individual quantity. Currently, I find myself needing to manually adjust the stop-loss levels for each split quantity at varying prices, which is not only time-consuming but also risks missing out on quick modifications during volatile market conditions.
To streamline this process, I would like to suggest the following enhancement to the Fyers trading platform:
1. Unified Stop-Loss Modification for Bulk Orders: When placing a bulk bracket order that splits into multiple quantities with different prices, it would be highly beneficial if there were an option to modify or trail the stop-loss for the entire batch based on the weighted average price of the entire order. This would allow traders to adjust their stop-loss efficiently, without the need to manually update each individual quantity.
2. Consolidated Bracket Order Management: Another useful feature would be the ability to view and manage the overall quantity as a single bracket order, showing the total quantity with its average price. This would simplify the process of managing multiple orders at different prices and improve efficiency when modifying stop-loss and target prices.
Implementing these features would save considerable time for traders, especially in fast-moving markets, and reduce the risk of missing important trade modifications.
I would be grateful if you could consider my suggestion for future platform updates, as it would greatly enhance the trading experience for users like myself who engage in large-volume bracket orders. I am happy to discuss this in more detail if needed or provide any additional feedback to help improve Fyers further.
Thank you for your time and attention to this matter. I look forward to hearing from you and hope that my suggestion can be taken into consideration.
Warm regards,
Ravi Palwankar
Thane, Maharashtra