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…
| Scenario | What to check |
|---|
| Price exceeds my defined range | Orders won’t be placed outside your set High/Low bounds. |
| Step not executing | Ensure both Step Qty and Step Price Diff are valid values. |
| MPP% tolerance breached | The order will be blocked if price moves beyond your defined MPP%. |
| Rapid market move | Only steps within your defined conditions will be executed; others are skipped. |
Last updated: 05 Sep 2025
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