Instant Order Placement on Our Web App Charts Is Revolutionising F&O Trading

A trader may often choose to commit multiple trades on an asset based on a single strategy and the same quantity, but at different prices. They may even choose to create a position and exit it in a matter of seconds. In such cases, it is important to have a system that supports such manual high-frequency trading. This involves allowing the trader to overcome certain processes such as choosing the quantity or changing screens every single time.

To help you execute such trades at high frequency, we are introducing instant order placement. 

Let us go over this new feature in detail in the following sections.

What’s New?

You will now be able to place intraday orders with a single click directly from the chart, i.e. without having to open the orderpad at all.

How to Set Up Instant Order Placement?

The following is the process of enabling instant order placement:

1. Click on the button next to ‘Instant Orders’ at the top of the chart.
2. Click on ‘Yes’ to confirm the activation of ‘Instant orders placement’.

Fig.: Activating instant orders placement, from the button seen within the red outline.

Once you have enabled it, you can take the following steps to place instant orders:

1. You can simply click on the buy/sell buttons to execute the market order with a single click. No orderpad will appear.
2. The quantity of the order will have to be pre-determined by you. You can view the quantity right between the buy and sell buttons on the top left of the chart. You click on it and edit it whenever you want to.
3. Orders, once placed, will be reflected on the charts if the viewing of open orders and positions on the chart is activated.

Fig.: Changing the quantity in instant order placement

Remember the following factors when activating instant order placement on your app:

1. All orders placed via instant order placement are intraday orders.
2. The orderpad may appear if the instant order that you have placed has some error due to which the order cannot be carried out.
3. If the chart shows some pre-existing delivery orders or positions, then you still view/modify them directly from the chart, even under the instant order placement mode.

Benefits of the New Feature

This advanced charting feature will allow you to perform scalping or quick trading in F&O contracts at an incredibly higher level of efficiency. 

For example:

You can choose the quantity as 25 contracts for a Nifty option and then buy and sell the contract multiple times at different prices in a matter of seconds, thus earning a quick profit.  The existing features of TradeOne and position-tracking on the chart will allow you to place such scalping trades without changing screens at all and with greater information and confidence.

Note: This feature is available only on the Angel One Web app for now.

Final Words

Upcoming changes made in the charts section are designed to enhance your F&O trading game like never before. Follow the Angel One blog and the Angel One Community Page to catch up on our latest product updates as well as market trends.