NEST Cover Order

A cover order is a special order type which allows traders to place both the main order as well as the stop-loss order in a single click. This can save a lot of time which is spent placing separate orders. For example if one wants to place a buy market order and the maximum loss that one is willing to take is 5% then one could use the cover order to place the market order with a 5% “built-in” stop loss.

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