Using an SL-L order as a de-facto SL-M on Kite

Sun, 21 Jun 2026 00:00:00 +0000

An SL-L (stop-loss limit) order used as a de-facto SL-M (stop-loss market) order is a workaround in which a trader sets the limit price of an SL order far enough from the trigger that the resulting limit order almost always sits inside the market, so it behaves like a market order on a normal day. On Kite , Zerodha’s trading platform, an SL order carries two prices, a trigger price and a limit price , while an SL-M order carries only a trigger and fires a market order. Where SL-M is unavailable, traders widen the SL-L limit to imitate it. The imitation breaks in exactly one situation, a price gap past the wide limit, and that single failure mode is the reason the technique is a compromise rather than a replacement.

SL-L Order on WebNotes

Using an SL-L order as a de-facto SL-M on Kite