What is order slicing and how to enable the feature?
Order slicing is an advanced feature tailored for traders aiming to execute large orders. It ensures seamless trading without majorly influencing the market price or necessitating multiple manual order placements. By intelligently dividing your orders based on the freeze quantity of the chosen instrument, it enhances execution speed and efficiency.
Illustrative Scenario: If your trading strategy involves purchasing 1500 units of Nifty Bank Futures with a defined freeze quantity of 900, order slicing will adeptly segment your order into two distinct parts: the first being 900 units and the second, 600 units. This systematic division expedites the order's execution while minimising potential impact costs.
Steps to Activate Order Slicing on FYERS:
- Platform Access: Initiate by logging into the FYERS platform.
- Instrument Selection: Opt for the trading instrument of your choice and specify the quantity you intend to buy or sell.
- Automated Slicing: There's no need to manually activate order slicing. For any order surpassing the freeze quantity of the instrument, the feature auto-activates.
- Order Confirmation: An alert will emerge, stating, "Order Slicing: Only XX qty is permissible per order; hence, X Buy/Sell orders will be processed." Post verifying your order's particulars, select 'Buy/Sell'.
- Monitor Sliced Orders: To keep tabs on your segmented orders, navigate to the 'Order Book' section.
For a more detailed perspective, we recommend referring to the attached image below.
Related Articles
How to Enable the Take a Break Feature at FYERS?
The Take a Break feature allows you to temporarily pause all trading activity without deactivating individual trading segments. Steps to enable the Take a Break feature: Log in to your account via the app or web portal at app.fyers.in. Go to the ...Is there any limit to the number of orders placed via order slicing at FYERS?
Yes, FYERS has 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 100 orders, regardless of the freeze quantity for the ...What are heads-up messages and how do I enable them in FYERS?
Heads-up messages in FYERS display quick alerts or contextual warnings—such as market segment closures or insufficient funds—before the order window opens. These messages help you decide whether to continue or cancel before proceeding with a trade. ...How can I enable and use Quick Trade Mode in the Scalper Terminal?
Quick Trade Mode in FYERS Scalper Terminal is designed for swift execution of trades using keyboard shortcuts. It helps you place market orders instantly—without opening the order window—making it especially useful for intraday traders. What is Quick ...How does the basket order option work in the order panel?
The basket order feature under the order panel is incorporated for ease of adding scrips to the basket or creating new baskets. All you have to do is go to the desired scrip, open the order panel, click on show more and enable the option of 'Basket ...