FYERS Option Scalper allows you to set default order preferences so you can place option trades faster with fewer manual inputs. These preferences help you configure product type, stop-loss, target, position sizing, and chart-related order settings from one place.
These settings apply only to FYERS Option Scalper and do not change your order preferences on other FYERS platforms.
Accessing Option Scalper order preferences
- Open FYERS Option Scalper.
- Click the Settings icon at the top-right corner of the screen.
- In the Settings window, select Scalper from the left-side menu.
- Customise your order preferences as required.
- Click Apply to save the changes.
Customisable preferences
Product Type
Select the default product type for your Option Scalper orders:
Stop-loss
Enable the checkbox next to Stop-loss to enter a default stop-loss value. If the Stop-loss field is greyed out, select the checkbox beside it to activate the input field.
Target
Enable the checkbox next to Target to enter a default target value. If the Target field is greyed out, select the checkbox beside it to activate the input field.
Position sizing
Enable Position sizing to define how order quantity should be calculated or applied.
You can choose from the following options:
After selecting the required sizing method, enter the value in the input field.
Order line on index
Use the Order line on index toggle to show or hide the order line on the index chart.
Auto-update quantity when price moves
Enable Auto-update quantity when price moves if you want the quantity to update automatically when the price changes.
Review the final quantity before placing an order, especially when price movement affects your position sizing.
Saving or resetting preferences
- Click Apply after changing your preferences.
- Click Reset to reset the values shown in the Option Scalper settings panel.
Last updated: 02 Jul 2026