PL Capital

This guide shows how to link your Prabhudas Lilladher (PL Capital) account to AutoTrader Web. The setup has three parts: get your TOTP key, get your API key, then create the account in AutoTrader Web.

Demo video

Step 1: Get your TOTP key

1. Login to Prabhudas Lilladher (PL Capital).
2. Click on your login id in the top right corner.
3. Click Authenticator Code / TOTP.
4. You will see your secret TOTP key. Keep it ready, as you will enter this in AutoTrader Web (see screenshot below).

Step 2: Get your API key

1. Click on your login id in the top right corner.
2. Click on API Key.
3. Enter this URL: https://webx.stocksdeveloper.in/auth/plindiaCopy
4. For Static IP, see Step 3 below.
5. Click Update.

Step 3: Create the account in AutoTrader Web

Open the create account menu in AutoTrader Web (Accounts -> Trading Accounts), then:

1. Select your broker as Prabhudas Lilladher.
2. Enter your trading platform login id and password.
3. Set the static IP:
   • Click the Static IP button and pick an option.
   • Copy the static IP, register it on the broker’s API screen, and click Update.
4. Enter your TOTP key.
5. Enter your API key (the Secret Code shown on the broker’s API screen).
6. Click the Validate button.
7. After a successful validation, save the account.

For more on static IP, see the static IP setup guide.

Screenshots

Bracket and cover orders on PL Capital

Whether PL Capital offers a bracket or a cover order of its own — and in which segments — is set by the broker, and it can change. Many Indian brokers withdrew bracket orders in 2020 and never brought them back.

You can place one anyway. An AutoTrader bracket order (AT_BO) attaches a target and a stop-loss to your PL Capital order, with an optional trailing stop that follows the price in your favour and never moves back. An AutoTrader cover order (AT_CO) is the same thing with a stop-loss only. Your entry reaches PL Capital as an ordinary intraday order — the one thing every broker accepts — and AutoTrader Web watches the price and sends the closing order when your level is reached.

Place one from the order window, from your own code, or from a chart alert. It is intraday only, it does not give you the extra intraday margin some brokers give on their own bracket orders, and the position is squared off automatically a short while before the market closes.

Read the risk before you use it. A stop-loss decides when we try to exit — it does not decide the price you get. A sudden move can take the price straight past your level, so your loss can be larger than the stop-loss you set. The full explanation, and the one-time terms you agree to before your first one, are on Bracket & Cover Orders.