A Robo order is a multi-leg order used in intraday trading which allows you to place 2 more orders along with the initial order. One order is placed at a price lower than order price and other placed at a price higher than order price. Order is automatically exited when any of the defined targets are met. These orders can be exited manually before hitting target or stop loss targets as well.

Can I place a Robo order on the NSE and BSE?

Yes, Robo orders can be placed in both NSE and BSE

Which product type allows to place Robo Orders?

You can place Robo orders only in Intraday.

Can I avail MTF facility for Robo order?

No, the MTF facility is unavailable for Robo orders.

Can I place Robo orders in commodities and currencies?

Robo orders can only be placed in the cash market segment (Equity and Derivatives) for stocks and indices.

Can I place a delivery order using Robo order?

No, you cannot place a Robo order in Delivery trading.

Can I place a Robo order in all stocks?

Robo orders can be placed in selected scrips of cash segment for intraday trading. Robo orders can not be placed on low volume scrips.

Can I place a Robo order at any time during the day?

You can place a Robo order between 9:15 AM to 3:10 PM on a trading day.

What if my Robo order does not get executed during the day?

If your first-leg order (initial Limit order) doesn't get executed during the market hours of the trading day, then the Robo order will get cancelled. If your first-leg order is executed and neither the second-leg nor the third-leg order gets executed your position will get auto-squared off at 3:10pm.

How many times a Robo order can be modified?

Robo order can be modified in the following ways any number of times: Initial Order can be modified in cases the Order has not been executed. In case of Initial Order is executed, only Stop Loss & Target Orders can be modified. Once the Stop loss/Target price has been executed no modifications are possible.

How to place a Robo order?

Tap on Watchlist at the bottom of your screen Click on Buy/Sell & select Intraday Tap on Smart Orders & select Robo Order Enter the Quantity, price, stop Loss & target targets Click on Place Buy/Sell Order Your order would be placed successfully subject to fund availability