How to place Bracket Order in FYERS?

How to place Bracket Order in FYERS?

A bracket order is an intraday order which is one of the trending products in the capital markets. It helps you manage your risk and trade efficiently. You can place a bracket order in FYERS and keep a check on your trades on the charts effortlessly.

The procedure to place the bracket order is as follows:

1. Click on the Buy option of the Buy/Sell Panel > Tick the checkbox of the 'BO' option > Select the order type as per your preference > Enter the Stop loss > Click on Buy to place the order.



2. After execution of such an order, the position will show on the chart as below:



You can trail the Stop Loss by Drag and Drop option on the chart itself. All you have to do is drag the 'Sell Stop' order to the price as per your requirement.

3. If you want to manually close the position, all you need to do is click on the 'x' option available on the chart. The position will be squared off at the prevailing market price.


Note:

1. By default, BO is an Intraday order.
2. Due to the regulatory restrictions, the Bracket order has been disabled for the Options segment.
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