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Can I place limit orders in the scalper platform?
Designed for speed, the Upstox Scalper terminal is not meant to work with orders that take time to fill. The platform only performs market orders, allowing users to enter and exit positions with no delay at all.
Market orders only for scalping:
Market orders are preferred on the Scalper terminal because they provide instant execution. scalping relies on quick trades to execute your strategy.
The Scalper terminal only operates with market orders to guarantee against the risk of missing an opportunity that can happen even when waiting for a limit order to fill.
Alternative platforms for limit orders:
If the user wishes to place limit orders, they can also do so on Upstox by using the Upstox mobile app and have full order type functions with limit orders and stop orders.
Users can set the price level, so they have more control of entering and exiting a trade, compared to a market order, if required.
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