How to place a Smart Step order in FYERS?
To place a Smart Step order in FYERS, follow these steps:
Go to the ‘Order Window’ for the scrip you want to trade.
Click on Smart Step.
In the next screen, select the Smart tab and choose Smart Step.
Set the following parameters:
Total Quantity: The total quantity you want to trade.
Avg Qty (Lot): Define the quantity for each step of averaging.
Avg Entry Diff (Price): Set the price difference (tick size) for each averaging entry.
Direction (Up/Down): Choose whether to average up (when prices rise) or average down (when prices fall).
Set the Start Time and End Time to specify the time window during which the Smart Step order will be active.
(Optional) Go to Advanced Settings to further configure the order:
Averaging starts from Market/Limit: Choose whether to start averaging from the current market price or a specific limit price.
Price Range: Set the high and low prices for the range within which the averaging will occur.
MPP% (Maximum Purchase Price): Adjust the maximum purchase price percentage, or leave it on Auto.
After configuring all the settings, click Start to place the order.
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