Setting a Trigger Order on Fyers Web

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 Orders: Set below the current market price.
Simply put, you're instructing the system to buy a scrip if the price rises to a specific price or sell if it drops to a predetermined level.

Steps to place a trigger order:
  1. Open the Order Panel: Navigate to the scrip where you want to place the order and click on the Blue (for Buy) or Red (for Sell) button. This action will open up the order panel for you.

  • Configure Your Order:
  1. Check the box labelled 'Trigger Buy/Sell' and 'Buy/Sell at market price'.
  2. Input details such as quantity and trigger price and finalise by clicking 'Buy' or 'Sell', as needed.
For instance, Ms. Y wishes to buy HDFC shares. With a Last Traded Price (LTP) of ₹2227.20, she decides to buy when the price hits ₹2227.25. In this scenario, she should input ₹2227.25 as the Buy Trigger Order.

Conversely, if she decides to sell when the price decreases to ₹2227.75 (with an LTP of ₹2227.80), she should input ₹2227.75 for the Sell Trigger Order.

    • Related Articles

    • 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 ...
    • 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 on Fyers Web?

      A Cover Order is a unique intraday order, coupling an initial order (be it Long or Short) with a pre-defined stop-loss order. By setting a stop-loss, you inherently protect your position from potential severe market downturns. Here's a simple guide ...
    • How to Place a Bracket Order on Fyers Web?

      Bracket Order (BO) is an innovative intraday trading product that allows traders to place the main order alongside a simultaneous stop-loss and target order. This ensures efficient trading and minimizes risks. Placing a bracket order on the Fyers ...
    • How to place a limit order in Fyers Web?

      A limit order is an order placed at a particular price. Buy Limit orders are to be placed below the current market price & Sell Limit orders are to be placed above the current market price. Go to the scrip you wish to place an order in and click on ...