Is there any limit to the number of orders placed via order slicing at FYERS?

Is there any limit to the number of orders placed via order slicing at FYERS?

Yes, we have set a limit on the number of orders that can be placed using order slicing, applicable to both initiating new positions and exiting open positions. The limit is set at a maximum of 10 orders, regardless of the freeze quantity for the specific trading instrument.

When you attempt to place an order that necessitates slicing into more than 10 individual orders, it will be rejected. In such cases, you will need to manually place your orders. This limit ensures that order slicing is used effectively without overwhelming the trading system.

For example, if you plan to trade 700 lots or 10,500 quantities in Bank Nifty, and the freeze quantity is 900, order slicing can only manage up to 10 orders. This means it can handle 9,000 quantities (or 600 lots). Therefore, an order for 700 lots will exceed the 10-order limit and will be rejected.

The rejection message will state:
"Max order limit breached for <Contract details> via order slicing. Place orders manually."

In such situations, it is advisable to split your large order into smaller segments, such as 600 lots and 100 lots, to facilitate seamless execution.

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