How to Set Up and Use Quick Trade in FYERS?

How to Set Up and Use Quick Trade in FYERS?

Quick Trade lets you place orders quickly using predefined trading preferences, reducing the need to configure the same parameters for every trade. You can select the Product Type and configure settings such as Stoploss, Target, Trailing Stop Loss (TSL), and Position Sizing before using Quick Trade.

Quick Trade is available only on FYERS Trader and supports both Intraday and Overnight Product Types.

How to set up Quick Trade?

  1. Open FYERS Trader.
  2. Go to User Settings.
  3. Select Quick Trade.
  4. Choose Intraday or Overnight under Product Type.
  5. Configure the required Quick Trade settings.
  6. Click Save to save your preferences.

What can I configure in Quick Trade Settings?

Quick Trade Settings provide controls for Stoploss, Target, Trailing Stop Loss (TSL), and Position Sizing. These settings are available for both Intraday and Overnight Product Types.

Stoploss

Enable Stoploss to define a Stoploss for your Quick Trades. You can configure it using:

  • % Difference: Sets the Stoploss based on a percentage difference.
  • ₹ Abs value: Sets the Stoploss using an absolute rupee value.

Target

Enable Target to define a Target for your Quick Trades. You can configure it using:

  • % Difference: Sets the Target based on a percentage difference.
  • ₹ Abs value: Sets the Target using an absolute rupee value.

Trailing Stop Loss (TSL)

TSL lets you configure a trailing value for the Stoploss using the available ₹ Abs value option.

Position Sizing

Position Sizing lets you define how the quantity for a Quick Trade is calculated. The available options are:

  • Amount: Defines the amount to be allocated to the trade.
  • Lots: Defines the position size based on the number of lots.
  • % Margin: Defines the position size based on a percentage of the available margin.

When Amount is selected, the position size is calculated based on the net premium of the order.

You can also enable Auto update of quantity on price change where applicable.

What happens if I do not configure any optional Quick Trade settings?

If you do not configure any optional Quick Trade settings, they will not be applied to the trade, and the order will be placed using the default Quick Trade settings.

Where is Quick Trade available?

Quick Trade is available only on FYERS Trader. It is not available on the FYERS App or FYERS Web.