How to place a Cover Order in Commodities?
Modified on: Thu, 20 Aug, 2015 at 5:25 PM
A Cover Order gives an order placement feature using which you can take a intra-day position in the multi commodity exchange, wherein system will place the market order along with stop loss market order which will get triggered at specified Stop Loss Trigger Price. A cover order not only helps you to limit your losses, if any on the position but also enables you avail higher leverage. As compared to the Intraday MIS product where you get 2X leverage, you can avail upto 6X leverage by using Cover Order.
You can click on cover order entry under the menu orders and trades or can use the short cut key Shift + F1 for buying cover order and Shift + F2 for selling cover order.
Fig: Cover Order Entry Window with short cut in the right hand side.
Fig: Cover Order Entry Window
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