Hello @AngelOne I trade F&O on TradeOne. I am happy with its performance but I am not happy with its one feature and that is MPP (Market Price Protection).
I am a scalper, I buy and sell large quantities at market price within seconds. This feature is causing problems in my scalping. Sometimes, my market orders are not executed partially or fully. Due to this, I am having missed profits or unexpected losses.
I am not saying to completey remove this feature, I am just asking to give an option to disable this like Zerodha. Zerodha gives option in the order pad to turn on/off MPP.
@AngelOne Should I assume that no one cares for customers here?
No reply, no acknowledgement, nothing.
Surely, not professional service of you guys!
Hi @ST_Trading welcome to the community!
We understand your concern regarding the Market Price Protection (MPP) feature. As mentioned in our article on MPP, the feature is designed to protect traders from excessive slippage during volatile market movements.
That said, if you’re facing partial or missed executions due to MPP, one workaround is to place a limit order at a higher price (for buy orders) or lower price (for sell orders). This allows your order to execute more like a market order while giving you more control, outside the MPP threshold.
Your suggestion to have an option to enable/disable MPP, similar to what’s offered on other platforms, is noted and is passed on to our product team for consideration.
Thank you!
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But for scalpers, this feature is causing more harm than good.
Limit order defies the very purpose of scalping. Scalping is done very fast. You don’t have time to put limit price. Putting limit price easily takes 2-3 seconds, in that time opportunity vanishes.
Scalping is all about market order and instant execution with milliseconds accuracy.
It is much needed as there are different types of traders. Not every trader is same. Some wants this feature while others don’t.
Please consider giving an enable/disable option for this feature soon in the next update.