How to place a Smart Step order in FYERS?

How to place a Smart Step order in FYERS?

A Smart Step Order helps automate the averaging process by placing incremental buy or sell orders at predefined intervals. You can set conditions like step size, direction (up/down), quantity per step, and advanced parameters such as price ranges and MPP%. This strategy allows you to systematically average entry or exit prices within a chosen range.

On FYERS App

  • Log in to the FYERS App and search for the stock.
  • Tap Buy or Sell.
  • Enable the Smart toggle and select Smart Step.
  • Enter the Total Quantity, Step Quantity, Step Price Difference, and choose Direction (Up/Down).
  • Optionally, tap Show Advanced to configure:
    • Price Range (High/Low bounds)
    • MPP% – Auto or Custom tolerance
    • Averaging From – Market or Limit
  • Review required margin and tap Buy/Sell to start the Smart Step Order.

On FYERS Web

  • Login at fyers.in/web.
  • Select a stock and click Buy or Sell.
  • Enable Smart and select Smart Step from the options.
  • Enter details: Total Quantity, Step Quantity, Step Price Difference, and Direction.
  • Optionally expand Advanced to define:
    • Price Range (High/Low limits)
    • MPP% – Auto or Custom
    • Execution Type – Market or Limit
  • Click Buy or Sell to confirm the order.

On FYERS Trader (trade.fyers.in)

  • Go to trade.fyers.in and log in.
  • From the chart or right panel, click Buy or Sell.
  • Select the Smart tab and choose Smart Step Order.
  • Enter Total Quantity, Step Quantity, Step Price Difference, and set Direction.
  • Open Advanced to configure:
    • Price Range (High/Low levels)
    • MPP% – Auto or Custom
    • Averaging From – Market or Limit
  • Click Start to initiate the order.
  • Manage from Smart Orders: Pause, Resume, or Modify active Step Orders.

What if…

ScenarioWhat to check
Price exceeds my defined rangeOrders won’t be placed outside your set High/Low bounds.
Step not executingEnsure both Step Qty and Step Price Diff are valid values.
MPP% tolerance breachedThe order will be blocked if price moves beyond your defined MPP%.
Rapid market moveOnly steps within your defined conditions will be executed; others are skipped.

Last updated: 05 Sep 2025

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