How to set up Quick Trade and place orders on FYERS?
To configure Quick Trades on FYERS for seamless order placement, follow these steps:
- Access Quick Trade Settings: Log in to FYERS Web, then go to User Settings > Quick Trade.
- Select Product Type: Choose Intraday or Overnight.
- Intraday offers Stop Loss, Target, and Position Sizing options.
- Overnight offers only Position Sizing.
- Configure Stop Loss and Target (Intraday only): Define risk and reward levels by entering a percentage or INR value.
- A Normal Intraday order is placed if both Stop Loss and Target are not selected.
- A Cover Order (CO) is placed if only a Stop Loss is set.
- A Bracket Order (BO) is placed if both Stop Loss and Target are enabled.
- Set Position Sizing: Options are available for both Intraday and Overnight:
- Amount: Specify capital allocation per trade.
- Lots: Enter shares for equity or lots for F&O.
- % Margin: Set a percentage of available funds for each trade.
- 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:
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