What happens if I do not select any option in the Quick Trade settings?
If you do not select any specific options in the Quick Trade settings, the feature will operate with default parameters, allowing for straightforward order placement without predefined Stop Loss (SL), Target, or customised position sizing. This means your trades will be placed as standard market orders without additional risk management features like SL or Target.
To get the most out of Quick Trade, it’s recommended to review and adjust your settings according to your trading strategy before placing orders. However, the default setting can be a quick way to place orders without additional setup if that’s your preference.
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How do I set up Stop Loss and Target levels in Quick Trade?
To set up Stop Loss (SL) and Target levels in Quick Trade, follow these steps: Go to User Settings > Quick Trade to configure your Stop Loss and Target settings. For Intraday Trades: If you select only a Stop Loss, the trade will be placed as a Cover ...
Why can’t I select the limit option in Quick Trade Mode on the Scalper Terminal?
Quick Trade Mode in the Scalper Terminal is designed for instant market order placement to ensure rapid execution. Limit orders are not supported in this mode as it prioritises speed over price control. If you wish to place a limit order, you will ...
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 ...
What options are available for position sizing in Quick Trade?
In Quick Trade, you have three options for setting up position sizing to manage your trade size and capital allocation effectively: Lots: For equity, enter the specific number of shares you intend to trade. For derivatives, you can predefine the ...
How do I close positions that were placed with Quick Trade settings?
To close positions that were initiated using Quick Trade settings: Go to the Positions tab on FYERS Web, where you can see an overview of all your open positions. Alternatively, you can use the charts feature to square off your positions directly. ...