What is the Advanced section in the order window used for?

The Advanced section in the FYERS order window provides additional settings for controlling how an order is submitted and managed. These options let you configure order validity, disclose only part of the total quantity, use Smart Limit where applicable, and add an Order Tag for identification.

Available options in the Advanced section

Validity

Validity determines how long the order remains active. The available options in the current order window include:

Day: The order remains active for the trading day. If it is not executed, it expires at the end of the applicable trading session.
IOC (Immediate or Cancel): The order attempts to execute immediately. Any quantity that cannot be executed immediately is cancelled.
Smart Limit: Lets you configure a Smart Limit order, including an End Time and the action to be taken if the Limit order remains unexecuted at that time.

Day is selected by default wherever order validity is applicable.

Note: To place a GTT order, change the order type from Regular to GTT. GTT validity is applied automatically and is not configured through the Day/IOC options.

Disclosed Quantity

Disclosed Quantity lets you display only a portion of the total order quantity to the market at a time. The remaining quantity is not displayed until the disclosed portion is executed.

For example, if you place an order for 500 shares and enter 100 as the Disclosed Quantity, only 100 shares are displayed to the market at a time. As the disclosed portion gets executed, the next portion is released until the complete order is filled.

Order Tag

Order Tag lets you add a custom label to help identify or organise an order. The tag does not affect order execution and can be used for your own order tracking.

The current order window allows an Order Tag of up to 16 characters.

For example, you can use a tag such as Swing to identify the purpose or strategy associated with the order.

Default behavior if not configured

Validity remains set to Day, where applicable.
The order is submitted without a partial-disclosure condition if no Disclosed Quantity is entered.
No Order Tag is added if the field is left blank.
Smart Limit applies only when you explicitly select and configure it.