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)
- Tap Buy or Sell on the scrip.
- Select Trigger and enter the Trigger Price.
- Keep the SL-M box checked.
- Tap Buy/Sell { } Qty to place the order.
SL-L (Trigger-Limit / Stop-Loss Limit)
- Tap Buy or Sell.
- Select Trigger and enter the Trigger Price.
- Uncheck SL-M, then enter the Limit Price (must follow the trigger).
- Tap Buy/Sell { } Qty to place the order.
On FYERS Web
SL-M (Trigger / Stop-Loss Market)
- Click Buy or Sell.
- Tick Trigger and enter the Trigger Price.
- Set Price to Mkt.
- Click Buy/Sell { } Qty to confirm.
SL-L (Trigger-Limit / Stop-Loss Limit)
- Click Buy or Sell.
- Tick Trigger and enter the Trigger Price.
- Set Price to Lmt and enter the Limit Price.
- Click Buy/Sell { } Qty to confirm.
On FYERS Trader
SL-M (Trigger / Stop-Loss Market)
- Click Buy or Sell.
- Check Trigger Buy/Sell and enter the Trigger Price.
- Keep Market Price checked.
- Click Buy/Sell { } Qty to confirm.
SL-L (Trigger-Limit / Stop-Loss Limit)
- Click Buy or Sell.
- Check Trigger Buy/Sell and enter the Trigger Price.
- Uncheck Market Price, then enter the Limit Price.
- Click Buy/Sell { } Qty to confirm.
What If?
| Scenario | What happens |
|---|
| You set Trigger = LTP | Order is rejected (must be above for Buy, below for Sell). |
| SL-M placed for Options | Not allowed. Use SL-L instead. |
| Trigger & Limit mismatch (Buy: Limit < Trigger / Sell: Limit > Trigger) | Order rejected by the system. |
| Cover Order (CO) with Trigger | Not supported.
|
Last updated: 12 Sep 2025
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