How to place a Smart Limit Order on FYERS Trader?
Smart Limit Orders give you better control over order execution by combining limit price logic with optional market conversion and expiry settings. Here's how you can place one on FYERS Web:
Steps to Place a Smart Limit Order
- Select a stock or instrument and click Buy/Sell.
- In the order window, click on the Smart tab to access advanced order types.
- Select Smart Limit Order from the list.
Fill the Order Fields
| Field | What to Enter |
|---|
| Quantity | Enter the number of shares or contracts you want to trade |
| Limit Price | Your target price for executing the order |
| End Time | Select the time by which the order should be executed |
| Action at End Time | Choose what happens when the order expires: Convert to Market or Cancel Order |
| Market Price Protection (MPP) | Set an MPP value to prevent poor executions. Use 'Auto' to let the system calculate it |
- Click the Start button to place your Smart Limit Order.
- Go to the Orders tab in Account Manager and check the Working section to view your order status.
Watch Tutorial
What If...
What if I don’t set an End Time?
The Smart Limit Order will remain active until market close on the same day.
What if I forget to set Market Price Protection (MPP)?
If MPP is not set, the system will automatically calculate a safe value to reduce execution risk. We recommend leaving it on Auto.
Can I place a Smart Limit Order during pre-market or after-hours?
Currently, Smart Limit Orders can only be placed during regular market hours.
Need help? Reach out via FYERS Support.
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