What are the Scalper settings in FYERS Option Scalper

What are the Scalper settings in FYERS Option Scalper?

The Scalper settings in FYERS Option Scalper allow you to configure default order preferences before placing trades. You can define the default product type, stop-loss, target, position-sizing method, order-line visibility, and automatic quantity updates.

How to access the Scalper settings

Follow these steps to open the Scalper settings:

  1. Open FYERS Option Scalper.
  2. Click the Settings gear icon in the top-right corner.
  3. Select Scalper from the left-side menu.
  4. Configure the required preferences.
  5. Click Apply to save the changes.

Available Scalper settings

Product Type

The Product Type setting lets you choose the default product type for orders placed through Option Scalper.

You can choose one of the following:

  • Intraday: For positions intended to be opened and closed within the same trading day.
  • Overnight: For positions that may be carried beyond the current trading day.

Stop-loss and Target

The Stop-loss and Target settings let you define default exit preferences for Option Scalper orders.

Select the checkbox beside Stop-loss or Target to enable the required setting.

You can configure each setting using either of the following methods:

  • Percentage: Calculates the stop-loss or target distance as a percentage of the executed entry premium.
  • Absolute: Uses the entered value as the exact distance from the executed entry price.

For example, if the executed entry premium is ₹100:

  • A 10% stop-loss represents a ₹10 distance from the entry price.
  • A 20% target represents a ₹20 distance from the entry price.
  • An Absolute value of ₹10 uses ₹10 as the distance from the executed entry price.

Position sizing

Enable Position sizing to calculate the order quantity using your selected sizing method.

Choose one of the following methods:

  • Amt: Calculates the quantity using the entered amount and the applicable net premium.
  • Lots: Calculates the quantity using the entered number of lots and the applicable lot size.
  • % Mar.: Calculates the quantity using the selected percentage of available margin.

Order line on index

Enable Order line on index to display the option order line on the underlying index chart.

When this setting is disabled, the order line is not displayed on the index chart.

Auto-update quantity when price moves

Enable Auto-update quantity when price moves to recalculate the order quantity when the option premium changes before the order is placed.

Save or reset the Scalper settings

After configuring your preferences:

  • Click Apply to save the changes.
  • Click Reset to restore the Scalper settings to their default values.

Changes take effect only after you click Apply.

What if...

ScenarioSolution
I enable both Stop-loss and TargetBoth configured exit preferences are applied to subsequent Option Scalper orders.
I change the position-sizing methodThe quantity is calculated using the newly selected method after you click Apply.
The option premium changes before I place the orderIf Auto-update quantity when price moves is enabled, the displayed quantity is recalculated automatically. Review it before placing the order.
I change the settings after placing an orderThe updated preferences apply only to subsequent Option Scalper orders. Orders that have already been placed are not modified.
Last updated: 13 Jul 2026