What product types can I use to place orders in FYERS?

What product types can I use to place orders in FYERS?

You can choose from various product types in FYERS depending on whether you're trading intraday or holding positions beyond a day. These options are designed to match different strategies and market approaches.

The product types are mainly divided into Intraday, Positional, and Smart Orders:

1. Intraday: For trades where both buy and sell happen within the same trading day. There are 3 intraday options:
  • Intraday: Standard same-day trading.
  • Cover Order (CO): Intraday orders with a compulsory stop-loss to manage risk.
  • Bracket Order (BO): Intraday orders with predefined target, stop-loss, and trailing stop for automated trade management.
2. Positional: For holding positions beyond a day. You can hold positions using the following options:
  • Overnight: For equity delivery and carry forward positions in F&O and commodities.
  • MTF (Margin Trading Facility): Allows you to buy stocks and ETFs by paying a fraction of the total value, using margin funding to hold positions for longer periods.
3. Smart Orders: Advanced order types designed for flexibility and control in any market condition.
  • Can be used in Intraday (excluding CO/BO), MTF and Overnight positions.
  • Ideal for traders who want precision in execution.
Notes:
  • Choose 'Intraday' for same-day trades.
  • ​CO and BO are available only for intraday trades.
  • Smart Orders are not available with CO or BO.
  • All Intraday, CO, and BO positions will be squared off 15 minutes before market closing.

    • Related Articles

    • How to place GTT orders in FYERS Next?

      To place GTT orders in FYERS Next, follow these steps: Login to FYERS Next and select the desired instrument. Go to 'Trading' and select the 'Buy/Sell Trigger Order' option available under 'Special Order.' Select the validity as 'GTT' (or). Just use ...

    • How to place a target order for an open position in FYERS?

      If you already have an open position, you can place a fresh Limit order to book profits at your target price directly from the Positions screen in FYERS. Steps Go to the Portfolio → Positions section in FYERS. Click the row of the open position to ...

    • What are Regular, Bracket, and Cover orders in FYERS?

      At FYERS, we provide multiple order types to suit different trading styles and risk preferences. You can choose between Regular, Bracket, and Cover orders based on how you want to manage your entry, exit, and stop-loss in the market. Types of order ...

    • How to place a Cover Order in FYERS?

      A Cover Order (CO) is an intraday order where you place a buy or sell order along with a mandatory stop-loss. This helps manage your risk by automatically limiting potential losses. Steps to place a Cover Order on FYERS: Select the scrip from your ...

    • How do I place stop-loss orders in the Scalper Terminal?

      Managing risk is a critical part of trading, and placing stop-loss orders helps automate your exit strategy. In the FYERS Scalper Terminal, stop-loss orders are not supported through Quick Trade Mode. Instead, you’ll need to use the standard order ...