Cover order can be placed either using menu bar or short cut keys. In a cover order, you need to enter your initial (main) order and the stop loss order.
Steps to follow in placing the cover order in all three ITS platform viz., Exe, Web and Mobile App.
In the order window, select “Limit” if you want to place the main order as a limit order or select “Market” if you want to place the main order as a market order.
On placing the initial (main) order price, the stop loss price range will be set automatically depending upon your main order price.
Enter your stop loss price at space provided under “Trigger Price” and submit the order.
Infini Power Exe Version
Option 1 - Using menu bar
Select “Order” from the menu bar, select “Cover order buy” to place buy order and select “Cover order sell” to place sell order.
Option 2 - Using Shortcut keys
Keep the cursor on the stock in your watch list for which you want to place an order and press Shift +F1 for buy order and Shift +F2 for sell order. Either way the order window will look like the below.
Enter the initial order price and stop loss price and click “Submit” and the order is through.
As you take the cursor to the stock in your watch list you will find the options to buy or sell. Select “B” to place buy order and select “S” to place sell order. The order window will appear as shown below.
As default the order type will be “Simple” as shown with an arrow in above image. Click the drop down button and you will find other types of order options. Select “CO” for cover order and the window looks like the below.
- Enter the initial order price and stop loss price and click “Submit” and the order is through.
Infini Mobile App
- Go to the stock in your watch list for which you want to place an order and swipe left. You will find options to buy or sell. Select buy or sell, you will get an order screen like the below.
The order type is set as “simple” as default. Just click on it you will find other types of order options like the below screen
Select “CO” you will get a screen as below. By default the type of order is set as “MKT” which means “market”. Change it to limit if you want to place a limit order by clicking on it (denoted by an arrow in the below image).
Enter your initial order price and stop loss price and click Buy or Sell at the bottom as per the initial order and the order goes through.
View the video below on how to place, modify and exit the cover order.