Can I place SL Orders from InstaOptions? Also, Can I modify or cancel my pending limit orders placed through InstaOptions?
Yes, you can directly place stop-loss (SL) orders from InstaOptions.
To create an SL order in InstaOptions, follow these steps:
Go to the Positions Book tab.
Select the position to which you need to create an SL Order
Click on the Exit Button and Enter the Order Details (Qty / Product)
Select the Trigger Conditions
Click on the Execute Button
Order Modification & Cancellation:
You can cancel your pending orders placed through InstaOptions. However, you won’t be able to edit or modify the pending orders as of now.
To cancel a pending order, follow these steps:
Go to the Order Book tab
Select the order with the status PENDING
You must select the Cancel button to open the cancel order window (Please note you can only cancel your Limit orders and cannot modify them for the time being)
You need to confirm if you want to cancel the order, and the order gets canceled (please refer to the screenshot below).