What is position sizing in the new order window?
The position sizing function will help you auto-fill the quantity based on the percentage entered and the availability of margin.
For instance, Mr. Joshua, a client of Fyers, has a balance of ₹1,00,000 in his trading account, and his trading pattern has always been to invest 50% of the funds every time he places the order. So, he sets the pre-fill quantity at 50%. The system will pre-fill the quantity at 50% of the funds available in his account whenever he places an order.
Click on the ‘User Settings’ option available on the order window as displayed in the image below:
Enter the percentage of the amount you wish to set as default in the ‘Position Sizing’ whenever you’re placing the order:
The quantity will be pre-filled based on the set percentage of the available margins as displayed in the image below:
How to place Cover Order in the New Order Window?
A cover order is an intraday order in which 2 orders are placed together i.e., the initial order (Long/Short) and a stop-loss order. It helps you manage your risk as there is a stop-loss that keeps you away from incurring any major losses. Go ...
What are the various error messages displayed in the New Order Window?
In order to simplify the order placement, we've given a tool kit for all the error messages. The messages in the quotes below are displayed on our new order window whereas the bold ones are descriptions: "Disclosed quantity should be less than or ...
What is the hide order window in Fyers?
The hide order window feature has been incorporated to help you minimize the order panel without losing your modifications and check out other charts of scrips. For Instance, you wish to place a Buy cover order at the market in GAIL as displayed in ...
What is product and order in the user settings of the order panel?
The product and order type function helps you to preset your preferences. Product type includes Intraday, BO, CO, and Invest, whereas Order type includes Market, Limit, Trigger, and Trigger Limit. This feature has been incorporated into the New Order ...
How to place GTT order in FYERS 2.0 App?
GTT, a.k.a. Good Till Trigger, is an order valid for one year. GTT orders are placed to avoid any abrupt rise/fall in the prices of your holdings. At FYERS, you can place two types of GTT orders: Single: In this order type, you can place an order to ...