How do I place trades with Place order and choose instrument, strike/expiry, and quantity/lots?
How do i use place order action in automate?
The place order action in Automate lets you place a live trade automatically when your automation reaches a specific trigger, condition, or step. Based on the order type you select, you can place options, futures, or a direct order for a symbol, and configure the instrument, strike/expiry (where applicable), and lots/quantity.
This action places a live order in the market using the inputs you set in the node configuration.
How does the place order action work?
When a place order action node is executed:
An order is placed using the instrument and order details configured in that node.
For derivatives, you select the underlying and the relevant expiry (and strike for options).
You specify the trade size using Lots (as shown in the Place order configuration).
The automation continues to the next connected node after placing the order.
Types of place order actions
In Actions → Place order, FYERS Automate provides the following Place order types:
1) Place options order
Places an options order based on expiry, strike, and option type (CE/PE).
You configure the Underlying, Strike value, Expiry, and Lots in the node.
2) Place futures order
Places a futures order based on the selected underlying and expiry.
You configure the Underlying, Expiry, and Lots in the node.
3) Place any order
Places an order directly for a symbol.
You configure the Symbol and Lots in the node (no strike/expiry selection is required here).
4) Place options order with SL & Tgt
Places an options order along with a set stop-loss and target.
The stop-loss and target are configured within the same order node while setting up the options order.
5) Place options order with trailing SL
Places an options order with a trailing stop-loss.
The trailing stop-loss is configured within the same order node while setting up the options order.
Steps to use the place order action in Automate
Follow these steps when building a new automation from scratch.
Log in to FYERS Web and go to Automate → Dashboard.
Click Create automation.
In the workflow canvas, add the required start, trigger, or condition nodes.
In the left panel, open the Actions tab.
Expand Place order.
Click the required Place order type (for example, Place options order, Place futures order, or Place any order) to add it to the canvas.
Click the Place order node to open Edit node configuration.
Choose the instrument details:
Options/Futures: Select the Underlying.
Place any order: Select the Symbol.
Set the contract selection (where applicable):
Options: Choose CE/PE, enter the Strike value, and select the Expiry.
Futures: Select the Expiry.
Enter the required Lots.
If you selected an order type that includes SL/Tgt or trailing SL, configure those fields in the same node.
Click Apply to save the configuration.
Click Validate to ensure the automation has no errors.
After successful validation, click Run now or schedule the automation.
Verify the selected instrument (symbol/underlying), expiry/strike, and lots before running, as Place order places live trades.
To understand further about place order actions and how to configure them, watch our detailed tutorial.
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