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

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

A trigger order, also known as a stop-loss market (SL-M) order, allows you to set a specific price at which your buy or sell order will be activated. It helps automate trades when a certain price level is reached.
  1. Buy trigger order: Set above the last traded price (LTP).
  2. Sell trigger order: Set below the LTP.
This type of order is useful to limit losses, protect profits, or enter trades when a price breakout happens.

For example, if the LTP of X Ltd. is ₹100:
To buy when the price rises to ₹102, set a buy trigger order at ₹102.
To sell if the price falls to ₹98, set a sell trigger order at ₹98.
Follow these steps to place a trigger order on Web/App:
  1. Select the scrip from your watchlist or use the smart symbol search.
  2. On Web, click buy or sell. On App, swipe left on the scrip to find buy or sell.
  3. In the order window, tick the checkbox for Trigger Buy/Sell.
  4. Choose your order type:
    1. Tick the market order checkbox for immediate execution at the current price.
    2. Or set a price for a limit order if you prefer execution at a specific price.
  5. Enter the quantity and trigger price.
  6. Click buy or sell to place the order.
  7. Once the trigger price is reached, your order will execute at the market price.
Notes:
  1. Trigger orders are commonly used for stop-loss but can also be used to enter positions during breakouts.
  2. Ensure the trigger price is set correctly — above LTP for buy orders and below LTP for sell orders.
  3. Available across equity, F&O, and commodity segments.
To place limit orders, kindly refer to this article.

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