How to Place Smart Stop-loss and Target Orders on FYERS
How to Place Smart Stop-loss and Target Orders on FYERS
Bracket Orders (BO) and Cover Orders (CO) have been replaced with Smart Stop-loss and Target orders.
This feature allows you to define risk-management and profit-booking levels while placing an order.
Smart Stop-loss and Target orders are OCO (One Cancels the Other) orders. When either the Stop-loss or Target order is executed, the other pending order is cancelled automatically.
The feature is available on:
FYERS App
FYERS Web
FYERS Trader
It is supported across the product types:
Intraday
Delivery/Overnight
MTF
Steps to place Smart Stop-loss and Target orders
FYERS App
Open the FYERS App and log in.
Search and select the required stock or contract.
Tap Buy or Sell.
Enable Set Stop-loss/Target.
Enter the Stop-loss and Target details.
Review the order details.
Place the order.
FYERS Web
Log in to FYERS Web.
Search and select the required stock or contract.
Click Buy or Sell.
Enable Set Stop-loss/Target.
Enter the Stop-loss and Target details.
Review the order details.
Place the order.
FYERS Trader
Log in to FYERS Trader.
Select the required stock or contract.
Click Buy or Sell.
Enable the Stop-loss and Target option.
Enter the Stop-loss and Target details.
Review the order details.
Place the order.
Important:
BO and CO orders have been replaced with Smart Stop-loss and Target orders.
Smart Stop-loss and Target orders follow the OCO (One Cancels the Other) mechanism. If one exit order is executed, the other is cancelled automatically.
The feature is available for Intraday, Delivery/Overnight, and MTF product types
To use Stop-loss and Target for Delivery and MTF positions, you must enable DDPI or submit a POA. Without these, you won't be able to place these orders.
For Delivery and MTF positions, Smart Stop-loss and Target orders remain valid for up to 365 days.
For AMO orders, only Limit Stop-loss and Target orders are supported. Market Stop-loss and Target orders are not supported.
Take Profit and Stop-loss presets configured under Order Window Settings are synchronised between the FYERS App and FYERS Web.
Smart Stop-loss and Target orders cannot be added to Basket Orders.
What if?
Scenario
What happens or what should I do?
My Delivery or MTF Smart Stop-loss or Target order is rejected.
Ensure DDPI is enabled before placing Take Profit or Stop-loss orders for Delivery or MTF positions.
My Stop-loss or Target price is not accepted.
Check whether the entered price is within the permitted price range and exchange-defined limits.
I convert my position from Intraday to Overnight.
Existing Smart Stop-loss and Target orders will be cancelled automatically.
There is a corporate action in the stock.
Existing Smart Stop-loss and Target orders for that stock will be cancelled.
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