Can I place SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders with Quick Trade?
Yes, Quick Trade supports both SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders for Intraday trades. Here’s how each works:
SL-M (Stop Loss-Market): This order type triggers a market order once the stop-loss price is reached, ensuring that your position is exited at the best available price in the market. It provides fast execution but may have price slippage.
SL-L (Stop Loss-Limit): This order type triggers a limit order at the specified stop-loss price. It allows you to control the exit price, but the trade will only execute if the market price meets or is better than your stop-loss limit price.
You can choose between SL-M and SL-L in the Quick Trade settings, allowing for tailored risk management based on your preferences.
Related Articles
Is it possible to place normal Intraday orders without Stop Loss and Target using Quick Trade?
Yes, you can place normal Intraday orders without predefined Stop Loss (SL) and Target levels in Quick Trade. To do so, follow these steps: Open the Quick Trade settings in FYERS Web. Disable the SL and Target options. Place your trade, which will ...
How to Place a Trigger Order/Stop-Loss Market Order in Fyers App
A trigger order, commonly known as a stop order or stop-loss market order, allows you to set a specific price for buying or selling. Specifically, buy trigger orders should be placed above the current market price, and sell trigger orders should be ...
How to set up Quick Trade and place orders on FYERS?
To configure Quick Trades on FYERS for seamless order placement, follow these steps: Access Quick Trade Settings: Log in to FYERS Web, then go to User Settings > Quick Trade. Select Product Type: Choose Intraday or Overnight. Intraday offers Stop ...
How can I place limit orders using the Quick Trade feature?
To place a limit order in Quick Trade, follow these steps: Go to the Depth of Market (DOM) or use the charts feature on FYERS Web. Before confirming your trade, select Limit as the order type and enter your desired price. When you confirm, the trade ...
How do I set up Stop Loss and Target levels in Quick Trade?
To set up Stop Loss (SL) and Target levels in Quick Trade, follow these steps: Go to User Settings > Quick Trade to configure your Stop Loss and Target settings. For Intraday Trades: If you select only a Stop Loss, the trade will be placed as a Cover ...