How to place a Bracket Order in FYERS 2.0 App?

How to place a Bracket Order in FYERS 2.0 App?

A bracket order is an intraday order which is one of the trending products in the capital markets. It helps you manage your risk and trade efficiently. You can place a bracket order in FYERS and keep a check on your trades on the charts effortlessly.

The procedure to place the bracket order is as follows:


1. Go to the scrip you wish to place an order in and click on the Buy or Sell button as highlighted below for the order panel to pop up:



2. Click on the Buy option of the Buy/Sell Panel > Tick the checkbox of the 'BO' option > Select the order type as per your preference > Enter the Stop loss > Click on Buy to place the order.




3. Your Bracket Order will be placed successfully.


You can trail the Stop Loss by modifying the stop-loss order or target order option on the chart itself. All you have to do is scroll up and click on the edit option in the 'Sell Stop' or ‘Sell Limit’ order to the price as per your requirement.


If you wish to manually close the position, you need to cancel the pending order. The position will be squared off at the prevailing market price.


Note:

  1. By default, BO is an Intraday order.
  2. Due to regulatory restrictions, the Bracket order has been disabled for the Options segment.



    • Related Articles

    • How to Place a Bracket Order on Fyers Web?

      Bracket Order (BO) is an innovative intraday trading product that allows traders to place the main order alongside a simultaneous stop-loss and target order. This ensures efficient trading and minimizes risks. Placing a bracket order on the Fyers ...
    • How to place a Market Order in Fyers App?

      Setting a market order in the Fyers App is a straightforward process. Here's how you can do it: Select the Scrip: Find the scrip you're interested in trading. Tap the 'Buy' or 'Sell' button. This will open the order panel. Input Order Details: Enter ...
    • How to place a Smart Limit Order on Fyers App?

      To place a Smart Limit Order on the Fyers App, follow these steps: Select a scrip and tap on Buy/Sell. In the order window, tap on the 'Smart' tab to access advanced order types. Choose 'Smart Limit Order'. Enter the required inputs: Quantity: Enter ...
    • 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 place Schedule Order in the FYERS 2.0 app?

      Schedule Order (previously known as After Market Order) is an order placed during the offline hours of the market. In simple words, a Schedule order is an order placed after the markets are closed for the day. It will be executed on the next trading ...