How to place a Smart Step order in FYERS?

How to place a Smart Step order in FYERS?

Smart Step in FYERS is a feature that automates the averaging process when a stock’s price moves within a specific range. With Smart Step, you can define price intervals (ticks) and quantity increments to automatically place additional buy or sell orders as the price moves in your favour or against your position. This helps to average out the buy or sell price, reducing overall cost or capturing better profits depending on the market movement.

App

  1. Open the stock and tap on Buy or Sell.
  2. Select the product type: Intraday, Delivery, or MTF.
  3. Enable the Smart toggle and tap on Smart Step.
  4. Enter:
    • Quantity: Total number of shares.
    • Direction: Choose Up or Down.
    • Step Price Difference: The price interval between steps.
    • Step Quantity: Number of shares to buy or sell at each step.
  5. Tap on Show Advanced to configure (optional):
    • Price Range: Set high and low bounds for execution.
    • MPP%: Maximum Purchase Price threshold.
    • Averaging From: Choose Market or Limit.
  6. Review and tap Buy/Sell to place the order.

Web

  1. Select the desired stock and click on Buy or Sell.
  2. Choose your product type: Intraday, Overnight, or MTF.
  3. Click on the Smart tab and select Smart Step.
  4. Fill in:
    • Quantity
    • Direction: Up or Down
    • Step Price Difference
    • Step Quantity
  5. Under Advanced (optional):
    • Price Range: Limit the range for the order to execute.
    • MPP%: Auto or custom tolerance on price.
    • Execution Type: Market or Limit.
  6. Click Buy/Sell to place the order.

What if...

ScenarioOutcome
The price exceeds my defined rangeOrders beyond that range will not be placed.
Market conditions change rapidlyOnly pending steps within your set parameters will be executed; others will be skipped.
MPP% is breachedThe order is rejected if price exceeds MPP% tolerance.

Last updated: 28 Aug 2025

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