Smart Orders in FYERS are condition-based orders designed to automate specific order actions based on predefined criteria. They provide greater flexibility in managing different trading requirements without the need to monitor the market continuously.
Smart order features such as Smart SIP, Smart Trail, Smart Step, and Smart Limit are available directly from the relevant sections of FYERS Web.
Where are Smart Orders available on FYERS Web?
Smart Orders can be accessed from the Overview section and the order window, depending on the Smart Order type:
- Smart SIP: Available directly from the Overview section.
- Smart Step: Available directly from the Overview section.
- Smart Trail: Available in the order window enable the Smart Stop-loss/Target option.
- Smart Limit: Available in the order window under Advanced → Validity → Smart Limit.
Smart SIP
Smart SIP is available directly from the Overview section on FYERS Web. It can be selected to access the Smart SIP order flow.
Smart Step
Smart Step is available directly from the Overview section on FYERS Web. It can be selected to access the Smart Step order flow.
Smart Trail
In the order window, enable Smart Stop-loss/Target to access the available Stop-loss, Target, and Trail Stop-loss controls.
The required Stop-loss, Target, and Trail Stop-loss values can then be configured while placing the order.
Smart Limit
Smart Limit is available separately in the order window. To access it, expand Advanced and select Validity → Smart Limit.
The Smart Limit settings can then be configured based on the order requirements.
Smart order availability by product
| Product | Available Smart Orders |
|---|
| Intraday | Smart Trail, Smart Step, Smart Limit |
| Overnight | Smart SIP, Smart Trail, Smart Step, Smart Limit |
| MTF | Smart SIP, Smart Trail, Smart Step, Smart Limit |
Situations where Smart Orders are useful
- Smart SIP: For setting up recurring investments based on a defined schedule.
- Smart Trail: For managing an order using Stop-loss, Target, and Trail Stop-loss settings.
- Smart Step: For placing orders across different price levels in a structured manner.
- Smart Limit: For defining an End Time for a Limit order and specifying whether the pending order should Convert to Market or Cancel at that time.