How to Place a Trigger-Limit/Stop-Limit Order on Fyers Web

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 a Buy Trigger-Limit order, you set it above the current market price, and for Sell orders, you set it below the current market price with a specific range.

Placing a Trigger-Limit/Stop-Limit Order on Fyers Web:  
  1. Select the Scrip:
    • Navigate to the scrip for which you wish to place an order.
    • Click on the Blue (Buy) or Red (Sell) button. This action will make the order panel appear.
  1. Order Details:
    • Input the quantity you wish to buy or sell.
    • Check the box labelled ‘Trigger Buy/Sell’.
    • Enter your desired trigger price and limit price.
    • Click on the ‘Buy’ or 'Sell' button to place the order.
Examples:
    • Buy Example: If Ms. Y, a FYERS client, wants to buy HDFC shares with a Last Traded Price (LTP) of 2237.95 and wishes to set the buying price at 2238 (above the current market price), she should set her Buy Trigger Order at 2238 and the limit price at 2238.05.
    • Sell Example: Conversely, if Ms. Y wishes to sell at 2200 (below the current market price), she needs to set the Sell Trigger Order at 2237.9 and the limit price at 2237.85.
Note: Kindly double-check the details before placing an order to avoid potential mistakes.


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