Place Cover Order

A Cover Order help traders protect against losses by placing a stop loss order together with a regular order. This means that if the price moves in an unexpected way, the stop loss order kicks in to limit losses. When buying a Cover Order, the limit price must be higher than the stop-loss trigger price. Conversely, when selling a Cover Order, the limit price must be lower than the stop loss trigger price.

Endpoint: /api/v1/orders/kart
Method-Type: POST

Request Packet

{
    "exchange": "NSE",
    "instrument_token": "14366",
    "client_id": "clientId",
    "order_type": "LIMIT",
    "price": 13,
    "quantity": 1,
    "disclosed_quantity": 0,
    "validity": "DAY",
    "product": "MIS",
    "order_side": "BUY",
    "device": "WEB",
    "execution_type": "CO",
    "is_trailing": true,
    "stop_loss_value": 12,
    "trailing_stop_loss": "0.05",
    "trigger_price": 0,
    "user_order_id": 10002,
}

Body Params

FieldName	Datatype	Description
exchange	String	NSE, BSE, NFO, MCX
instrument_token	String	Represents the unique id of instrument.
client_id	String	Represents the unique id of user or username.
order_type	String	LIMIT, MARKET, SL, SLM
price	Float	the price at which order needs to be placed
quantity	Integer	total quantity to buy
disclosed_quantity	Integer	hidden quantity from the market.
validity	String	DAY or IOC
product	String	CNC, MIS, NRML
order_side	String	BUY or SELL
device	String	Web or Mobile
is_trailing	Boolean	True or False
execution_type	String	CO
stop_loss_value	Float	value at which Sl will get hit
trailing_stop_loss	Float	adjusts sell order accordingly to reduce losses.

Example Code

response = pocket.placeConditionalOrder({
    "exchange": "NSE",
    "instrument_token": "14366",
    "client_id": "clientId",
    "order_type": "LIMIT",
    "price": 13,
    "quantity": 1,
    "disclosed_quantity": 0,
    "validity": "DAY"
    "product": "MIS",
    "order_side": "BUY",
    "device": "WEB",
    "execution_type": "CO",
    "is_trailing": True,
    "stop_loss_value": 12,
    "trailing_stop_loss": "0.05",
    "trigger_price": 0,
    "user_order_id": 10002,
})

Response

{
    "data":{
        "data":{
            "basket_id": "20210531-23",
            "message": "basket Order Placed Successfully"}
        },
        "message": "Order place successfully",
        "status": "success"
 }

Error Response

{
    "data": {},
    "error_code": 44000,
    "message": "`product` is invalid",
    "status": "error"
 }

Error Code	Description
44000	In case of any of the parameter like Exchange, order_type, product being invalid or order price is out of DPR range.
45000	In case of Invalid Price or Quantity.
45010	Something Went Wrong message occurs if you have given wrong instrument token