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