What is the Smart toggle in the order window used for?
The Smart toggle in FYERS lets you place condition-based orders that are stored on our servers and sent to the exchange only when specific criteria are met. This gives you flexibility in managing longer-term or conditional trading strategies without needing to monitor the market constantly.
Effects of enabling the Smart toggle
When Smart is enabled, you can choose from the following order types, depending on the product selected:
- Smart GTT – Good Till Triggered conditional orders.
- Smart SIP – Automated periodic purchases for investment.
- Smart Trail – Trailing stop-loss that adjusts dynamically as the price moves.
- Smart Step – Staggered entries or exits based on price intervals.
- Smart Limit – Client-side limit orders placed only after a trigger condition is met.
Smart order availability by product
| Product | Smart Toggle | Available Smart Orders |
|---|
| Intraday | Enabled | Smart Trail, Smart Step, Smart Limit |
| Overnight | Enabled | Smart GTT, Smart SIP, Smart Trail, Smart Step, Smart Limit |
| MTF | Enabled | Smart GTT, Smart SIP, Smart Trail, Smart Step, Smart Limit |
Situations where Smart orders are useful
- Smart GTT: For long-term setups that activate only after a specific price is reached.
- Smart SIP: For recurring investments based on schedule and target price.
- Smart Trail: For locking in profits as the price moves in your favor.
- Smart Step: For spreading orders across price ranges in phases.
- Smart Limit: For executing limit orders only when a condition is met.
Important: Smart GTT and Smart SIP are not available in Intraday mode.
Last updated: 15 Jun 2025
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