How to set up Quick Trade and place orders on FYERS?

To configure Quick Trades on FYERS for seamless order placement, follow these steps:

1. Access Quick Trade Settings: Log in to FYERS Web, then go to User Settings > Quick Trade.
2. Select Product Type: Choose Intraday or Overnight.
1. Intraday offers Stop Loss, Target, and Position Sizing options.
2. Overnight offers only Position Sizing.
3. Configure Stop Loss and Target (Intraday only): Define risk and reward levels by entering a percentage or INR value.
1. A Normal Intraday order is placed if both Stop Loss and Target are not selected.
   
2. A Cover Order (CO) is placed if only a Stop Loss is set.
   
3. A Bracket Order (BO) is placed if both Stop Loss and Target are enabled.
4. Set Position Sizing: Options are available for both Intraday and Overnight:
1. Amount: Specify capital allocation per trade.
2. Lots: Enter shares for equity or lots for F&O.
3. % Margin: Set a percentage of available funds for each trade.
   
5. Save and Place Orders: Toggle on Quick Trade to enable one-click order placement from the chart, Depth of Market (DOM), or the Buy/Sell button.
   

Below is an example of how a Bracket Order can be placed using Quick Trade:

• Related Articles

• Is it possible to place normal Intraday orders without Stop Loss and Target using Quick Trade?

  Yes, you can place normal Intraday orders without predefined Stop Loss (SL) and Target levels in Quick Trade. To do so, follow these steps: Open the Quick Trade settings in FYERS Web. Disable the SL and Target options. Place your trade, which will ...

• How can I place limit orders using the Quick Trade feature?

  To place a limit order in Quick Trade, follow these steps: Go to the Depth of Market (DOM) or use the charts feature on FYERS Web. Before confirming your trade, select Limit as the order type and enter your desired price. When you confirm, the trade ...

• How do I set up Stop Loss and Target levels in Quick Trade?

  To set up Stop Loss (SL) and Target levels in Quick Trade, follow these steps: Go to User Settings > Quick Trade to configure your Stop Loss and Target settings. For Intraday Trades: If you select only a Stop Loss, the trade will be placed as a Cover ...

• Can I place SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders with Quick Trade?

  Yes, Quick Trade supports both SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders for Intraday trades. Here’s how each works: SL-M (Stop Loss-Market): This order type triggers a market order once the stop-loss price is reached, ensuring that ...

• How do I close positions that were placed with Quick Trade settings?

  To close positions that were initiated using Quick Trade settings: Go to the Positions tab on FYERS Web, where you can see an overview of all your open positions. Alternatively, you can use the charts feature to square off your positions directly. ...