Guide to Placing Trigger Order in Fyers App

How to Place a Trigger Order/Stop-Loss Market Order in Fyers App

A trigger order, commonly known as a stop order or stop-loss market order, allows you to set a specific price for buying or selling. Specifically, buy trigger orders should be placed above the current market price, and sell trigger orders should be set below the current market price. In essence, this order type enables you to buy stocks at a price higher than the current market or sell them at a price lower than the current market.

Follow these steps to place a trigger order in Fyers App:
  • Navigate to the Desired Scrip: Locate the scrip you wish to trade and tap on the 'Buy' or 'Sell' button. This action will bring up the order panel.
  • Enter Order Details: Enter the quantity, check the 'Trigger Buy/Sell' box, and enter the trigger price.
  • Place the Order: Click on 'Buy' or 'Sell' as needed.
For example, if Ms. Y, a client of FYERS, wants to purchase shares of Indian Oil Corporation Limited (with a Last Traded Price (LTP) of ₹69.95) at ₹72, which is above the current market price, she should place the Buy Trigger Order at ₹72 as illustrated in the provided image.

Conversely, if Ms. Y desires to place a Sell order at ₹75.70 (with an LTP of ₹75.75), which is below the current market price, she should place the Sell Trigger order at ₹75.70, as depicted in the image.

Note: Stop-Loss Market (SL-M) orders aren't permissible for the options segment. For more details, kindly refer to this notice.

    • Related Articles

    • How to place trigger order/stop-loss market order in Fyers Web?

      Placing a trigger order, earlier known as a Stop order or Stop-loss market order, allows you to set a specific price point for executing your trade. Let's delve into the process: Buy Trigger Orders: Set above the current market price. Sell Trigger ...
    • How to place Stop-Limit/Trigger-Limit order on Fyers Web?

      A Trigger-Limit/Stop-Limit Order, formerly known as a Stop-limit order, allows traders to specify an entry or exit point in the market at a defined price level, with a range. It combines the features of a limit order and a stop order. When you place ...
    • How to place Cover Order in the FYERS 2.0 App?

      A cover order is an intraday order in which 2 orders are placed together i.e., the initial order (Long/Short) and a stop-loss order. It helps you manage your risk as there is a stop-loss that keeps you away from incurring any major losses.  Go ...
    • How to place a Market Order in Fyers App?

      Setting a market order in the Fyers App is a straightforward process. Here's how you can do it: Select the Scrip: Find the scrip you're interested in trading. Tap the 'Buy' or 'Sell' button. This will open the order panel. Input Order Details: Enter ...
    • How to place a GTT order in Fyers App?

      A Good Till Trigger (GTT) order provides a strategic way to manage stock price fluctuations by setting up specific triggers for buying or selling. At FYERS, there are multiple types of GTT orders you can place: Single: This order lets you set a ...