How to place a trigger order or stop-loss market order in FYERS?

How to place a Trigger order in FYERS?

A trigger order lets you place a buy or sell only when the market reaches a specified price. It’s commonly used for stop-loss protection and breakout entries. FYERS supports two trigger types: SL-M (Stop-Loss Market) and SL-L (Stop-Loss Limit).

Important:
  • For a Buy, the Trigger Price must be above LTP; for a Sell, it must be below LTP. (GTT orders follow different validation rules.)
  • Trigger can be set as a price, %, or absolute value.
  • In SL-L, the Limit Price must follow the Trigger in the direction of execution:
    Buy: Limit ≥ Trigger  |  Sell: Limit ≤ Trigger.
  • SL-M is not allowed for Options; use SL-L (Trigger-Limit) instead.
  • Trigger / Trigger-Limit is not available for Cover Orders (CO).

Quick example

If a stock trades at ₹100:

  • Entry confirmation (Buy): set Trigger ₹102 (above LTP). When price reaches ₹102, your order activates.
  • Manual stop-loss (Sell): set Trigger ₹98 (below LTP). If price falls to ₹98, your protective sell activates.

On FYERS App

SL-M (Trigger / Stop-Loss Market)

  1. Tap Buy or Sell on the scrip.
  2. Select Trigger and enter the Trigger Price.
  3. Keep the SL-M box checked.
  4. Tap Buy/Sell { } Qty to place the order.

SL-L (Trigger-Limit / Stop-Loss Limit)

  1. Tap Buy or Sell.
  2. Select Trigger and enter the Trigger Price.
  3. Uncheck SL-M, then enter the Limit Price (must follow the trigger).
  4. Tap Buy/Sell { } Qty to place the order.

On FYERS Web

SL-M (Trigger / Stop-Loss Market)

  1. Click Buy or Sell.
  2. Tick Trigger and enter the Trigger Price.
  3. Set Price to Mkt.
  4. Click Buy/Sell { } Qty to confirm.

SL-L (Trigger-Limit / Stop-Loss Limit)

  1. Click Buy or Sell.
  2. Tick Trigger and enter the Trigger Price.
  3. Set Price to Lmt and enter the Limit Price.
  4. Click Buy/Sell { } Qty to confirm.

On FYERS Trader

SL-M (Trigger / Stop-Loss Market)

  1. Click Buy or Sell.
  2. Check Trigger Buy/Sell and enter the Trigger Price.
  3. Keep Market Price checked.
  4. Click Buy/Sell { } Qty to confirm.

SL-L (Trigger-Limit / Stop-Loss Limit)

  1. Click Buy or Sell.
  2. Check Trigger Buy/Sell and enter the Trigger Price.
  3. Uncheck Market Price, then enter the Limit Price.
  4. Click Buy/Sell { } Qty to confirm.

What If?

ScenarioWhat happens
You set Trigger = LTPOrder is rejected (must be above for Buy, below for Sell).
SL-M placed for OptionsNot allowed. Use SL-L instead.
Trigger & Limit mismatch (Buy: Limit < Trigger / Sell: Limit > Trigger)Order rejected by the system.
Cover Order (CO) with TriggerNot supported.

Last updated: 12 Sep 2025

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