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 platform is straightforward:
Steps to place a Bracket Order:
Access the Buy/Sell Panel: Navigate to the Buy/Sell panel on the Fyers Web.
Select Order Type: Click on the 'Buy' option.
Enable Bracket Order: Check the 'BO' box.
Determine Order Preference: Choose your desired order type (e.g., Market or Limit).
Input Stop-Loss: Designate a stop-loss amount to protect your position.
Place the Order: Click on 'Buy' to submit your Bracket Order.
Post Order Execution:
Note: By default, Bracket Orders are set for intraday trading.
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