What product types can I use to place orders in FYERS?
You can choose from various product types in FYERS depending on whether you're trading intraday or holding positions beyond a day. These options are designed to match different strategies and market approaches.
The product types are mainly divided into Intraday, Positional, and Smart Orders:
1. Intraday: For trades where both buy and sell happen within the same trading day. There are 3 intraday options:
Intraday: Standard same-day trading.
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Cover Order (CO): Intraday orders with a compulsory stop-loss to manage risk.
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Bracket Order (BO): Intraday orders with predefined target, stop-loss, and trailing stop for automated trade management.
2. Positional: For holding positions beyond a day. You can hold positions using the following options:
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Overnight: For equity delivery and carry forward positions in F&O and commodities.
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MTF (Margin Trading Facility): Allows you to buy stocks and ETFs by paying a fraction of the total value, using margin funding to hold positions for longer periods.
3. Smart Orders: Advanced order types designed for flexibility and control in any market condition.
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Can be used in Intraday (excluding CO/BO), MTF and Overnight positions.
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Ideal for traders who want precision in execution.
Notes:
Choose 'Intraday' for same-day trades.
CO and BO are available only for intraday trades.
Smart Orders are not available with CO or BO.
All Intraday, CO, and BO positions will be squared off 15 minutes before market closing.
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