How to place trigger order/stop-loss market order in FYERS 2.0 App?

Trigger order (previously known as Stop order or Stop-loss market order) is placed at a particular price. The Buy trigger orders are to be placed above the current market price, and Sell orders are to be placed below the current market price. In other words, a Trigger order is placed to buy above the market price or sell below the market price. 

1. Go to the scrip you wish to place an order in and click on the Buy or Sell button as highlighted below for the order panel to pop up:

2. Enter the desired quantity, tick the box ‘Trigger Buy/Sell,’ enter the price, and click on ‘Buy’. For instance, Ms. Y, a client of FYERS, wants to Buy Indian Oil Corporation Limited (LTP ₹69.95) at ₹72, i.e., above the current market price, she needs to place the Buy Trigger Order at ₹72 as shown in the image below:

On the contrary, if Ms. Y wants to place a Sell order at ₹XXX (LTP XXX), i.e., below the current market price, she needs to place the Sell Trigger order at XXXX, as shown in the image below:

Note:

1. SL-M orders are not allowed for the Options Segment (refer to this article).
2. If you wish to place a Buy order above the market price or Sell order below the market price in the options segment, you're required to place a Trigger limit order or Stop limit order (refer to this article).

• Related Articles

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

  Trigger order (previously known as Stop order or Stop-loss market order) is placed at a particular price. The Buy trigger orders are to be placed above the current market price, and Sell orders are to be placed below the current market price. In ...

• What is Trigger-Limit/Stop-Limit Order and how to place it on Fyers Web?

  Trigger-Limit/Stop-Limit Order (previously known as Stop-limit order) is placed at a particular price with a range. Buy trigger-limit orders are to be placed above the current market price, and Sell orders are to be placed below the current market ...

• 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 GTT order in FYERS 2.0 App?

  GTT, a.k.a. Good Till Trigger, is an order valid for one year. GTT orders are placed to avoid any abrupt rise/fall in the prices of your holdings. At FYERS, you can place two types of GTT orders: Single: In this order type, you can place an order to ...

• How to place a Bracket Order in FYERS 2.0 App?

  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. ...