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 order that activates only when the market reaches a specified trigger price. It can be used for stop-loss protection or to enter a trade after the price reaches a particular level.

FYERS supports two types of Trigger orders: SL-M (Stop-Loss Market) and SL-L (Stop-Loss Limit). 

How do Trigger orders work?

  • Buy Trigger: The Trigger Price must be above the Last Traded Price (LTP).
  • Sell Trigger: The Trigger Price must be below the LTP.
  • SL-M: Once the Trigger Price is reached, a Market order is sent for execution.
  • SL-L: Once the Trigger Price is reached, a Limit order is sent at the Limit Price you specify.

For an SL-L order, the Trigger Price and Limit Price must follow these conditions:

  • Buy: Limit Price must be equal to or higher than the Trigger Price.
  • Sell: Limit Price must be equal to or lower than the Trigger Price.

Example

If a stock is trading at ₹100:

  • To place a Buy Trigger, you can set the Trigger Price above ₹100, such as ₹102.
  • To place a protective Sell Trigger, you can set the Trigger Price below ₹100, such as ₹98.

On FYERS App

Place an SL-M (Stop-Loss Market) order

  1. Open the required symbol and tap Buy or Sell.
  2. Select Trigger as the order type.
  3. Enter the required Trigger Price.
  4. Keep the SL-M option selected.
  5. Enter the required quantity and review the order details.
  6. Tap Buy Qty or Sell Qty to place the order.

Place an SL-L (Stop-Loss Limit) order

  1. Open the required symbol and tap Buy or Sell.
  2. Select Trigger.
  3. Enter the required Trigger Price.
  4. Turn off or uncheck SL-M.
  5. Enter the required Limit Price.
  6. Enter the quantity and review the order details.
  7. Tap Buy Qty or Sell Qty to place the order.

On FYERS Web

Place an SL-M (Stop-Loss Market) order

  1. Open the required symbol and click Buy or Sell.
  2. Enable Trigger.
  3. Enter the required Trigger Price.
  4. Set Price to Mkt.
  5. Enter the required quantity and review the order details.
  6. Click Buy [Qty] or Sell [Qty] to place the order.

Place an SL-L (Stop-Loss Limit) order

  1. Open the required symbol and click Buy or Sell.
  2. Enable Trigger.
  3. Enter the required Trigger Price.
  4. Set Price to Lmt.
  5. Enter the required Limit Price.
  6. Enter the quantity and review the order details.
  7. Click Buy [Qty] or Sell [Qty] to place the order.

On FYERS Trader

Place an SL-M (Stop-Loss Market) order

  1. Open the required symbol and click Buy or Sell.
  2. Enable Trigger Buy/Sell.
  3. Enter the required Trigger Price.
  4. Keep Market Price selected.
  5. Enter the required quantity and review the order details.
  6. Click Buy [Qty] or Sell [Qty] to place the order.

Place an SL-L (Stop-Loss Limit) order

  1. Open the required symbol and click Buy or Sell.
  2. Enable Trigger Buy/Sell.
  3. Enter the required Trigger Price.
  4. Turn off or uncheck Market Price.
  5. Enter the required Limit Price.
  6. Enter the quantity and review the order details.
  7. Click Buy [Qty] or Sell [Qty] to place the order.

Important: SL-M orders are not supported for Options. Use an SL-L (Trigger-Limit) order instead. SL-M is also not supported on BSE. 

What if...

ScenarioSolution
I set the Trigger Price equal to the LTP.The order may be rejected. For a Buy Trigger, enter a price above the LTP. For a Sell Trigger, enter a price below the LTP.
I am placing an SL-M order for an Option contract.SL-M orders are not allowed for Options. Use an SL-L order and enter both the Trigger Price and Limit Price.
My Buy SL-L Limit Price is below the Trigger Price.The order can be rejected. For a Buy SL-L order, the Limit Price must be equal to or higher than the Trigger Price.
My Sell SL-L Limit Price is above the Trigger Price.The order can be rejected. For a Sell SL-L order, the Limit Price must be equal to or lower than the Trigger Price.
I want to use a Trigger order with a Cover Order (CO).Trigger and Trigger-Limit order types are not supported with Cover Orders.

Last updated: 30 Sep 2026


    • Related Articles

    • How to place a GTT order in FYERS?

      A GTT (Good Till Triggered) order lets you set a trigger condition for an order instead of placing it immediately. FYERS provides Single and OCO (One Cancels Other) options within the GTT order window. What is the difference between Single and OCO ...

    • How To Place a Stop-Loss Order in FYERS?

      You can place a stop-loss order directly from your open positions to manage risk. This is supported for all equity and F&O positions in the FYERS App, FYERS Web, and FYERS Trader. For example: If you hold a Buy position, the stop-loss order is placed ...

    • How to place a Smart Limit Order in FYERS?

      Smart Limit Orders on FYERS let you automate what happens to your Limit orders if they remain unexecuted. You can set a trigger price, expiry time, and choose to either convert the order to market or cancel it automatically. This advanced order type ...

    • What Order Types Can I Place on FYERS?

      On FYERS, you choose how your order behaves. Use market when speed matters, limit when you want price control, SL when you want a fast protective exit at a trigger, and SL-L when you want a trigger plus a worst acceptable price. Order types Market ...

    • How to place an Overnight/Delivery order in FYERS?

      Delivery and Overnight are product types used when you want to carry a position beyond the same trading day. Delivery applies to equities, while Overnight applies to Futures and Options (F&O) positions. Equity shares purchased under Delivery are ...