How to place a trigger order or stop-loss market order in FYERS?
Setting up a trigger order—commonly referred to as a Stop-Loss Market (SL-M) order—helps you automate trading actions when a specific price level is reached. It’s a handy tool to limit losses, lock in profits, or enter trades during breakouts without having to watch the markets constantly.
What is a Trigger Order?
A trigger order executes only when the market hits a predetermined price level:
- Buy Trigger Order: Placed above the Last Traded Price (LTP)
- Sell Trigger Order: Placed below the LTP
Example: If the LTP of a stock is ₹100:
- To buy once the price rises to ₹102, place a buy trigger at ₹102.
- To sell if the price falls to ₹98, place a sell trigger at ₹98.
How to Place a Trigger Order on FYERS (Web & App)
- Search or Select the Scrip: From your Watchlist or use the Smart Symbol Search.
Initiate Buy or Sell:
- Web: Click on Buy or Sell.
- App: Swipe left on the scrip and tap Buy or Sell.
- Enable Trigger Order: Tick the checkbox for Trigger Buy/Sell.
Choose Order Type:
- Select Market Order for immediate execution once triggered.
- To execute at a preferred price, untick Market Order and enter a Limit Price.
- Enter Trade Details: Fill in the Quantity and Trigger Price.
- Place the Order: Click or tap Buy/Sell. Your order executes at market price once the trigger price is hit.
Tips: Trigger orders work across Equity, F&O, and Commodity segments. Make sure:
- Buy trigger price is above LTP.
- Sell trigger price is below LTP.
What If...
| Issue | What to Check or Do |
|---|
| You enter a trigger price below LTP for a Buy Order | Order will be rejected. Recheck and correct the price level. |
| You want a specific price on execution | Use a Trigger Limit Order instead of Market. |
| You see "Trigger not reached" | This is normal. The order waits until the market hits the trigger. |
| Segment is not accepting order | Ensure the segment is active and margin requirements are met. |
Last updated: 13 Jun 2025
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