Quick Trade in FYERS Trader lets you place one-click orders from TradingView charts, Depth of Market (DOM), or the Buy/Sell panel using your saved preferences. You can place Intraday or Overnight orders and configure predefined Stop-loss, Target, and Position Sizing preferences.
This article explains the order configurations available in Quick Trade and what to expect in common scenarios.
Scope: This article applies to Quick Trade on FYERS Trader.
Explanation
- Normal order without predefined exits: If both Stop-loss and Target are disabled in Quick Trade settings, the order is placed as a standard order for the selected product type—Intraday or Overnight—without predefined exit levels.
- Order with Stop-loss: Enable Stop-loss and enter the required value to configure a predefined protective exit level.
- Order with Stop-loss and Target: Enable both options and enter the required values to configure predefined Stop-loss and Target exit levels.
- Stop-loss and Target calculation: The values can be configured using % Difference or ₹ Abs value.
- Position Sizing: You can configure the order size using Amount, Lots, or % Margin.
- Intraday: Stop-loss, Target, and Position Sizing preferences can be configured for Intraday Quick Trade orders.
- Overnight: Stop-loss, Target, and Position Sizing preferences can also be configured for Overnight Quick Trade orders.
- Market order: Prioritises immediate execution at the available market price. The final execution price may vary depending on liquidity and market movement.
- Limit order: Executes only at the specified price or a better available price. Execution is not guaranteed.
Cover Orders (CO) and Bracket Orders (BO) are not available through Quick Trade. Enabling Stop-loss or Target applies the selected exit preferences to the Quick Trade order.
Placing a Normal Order Without Predefined Exits
- Open User Settings in FYERS Trader.
- Select Quick Trade.
- Choose Intraday or Overnight under Product Type.
- Disable both Stoploss and Target.
- Configure Position Sizing if required.
- Click Save.
- Place the trade using Quick Trade from the chart, DOM, or Buy/Sell panel.
The order will be placed using the selected product type without predefined Stop-loss or Target exit levels.
Configuring Stop-Loss and Target
- Open User Settings in FYERS Trader.
- Select Quick Trade.
- Under Product Type, select Intraday or Overnight.
- Enable Stoploss and enter the required value.
- Select % Difference or ₹ Abs value as the calculation method.
- To configure a predefined profit exit, enable Target and enter the required value.
- Select % Difference or ₹ Abs value for the Target.
- Configure Position Sizing if required.
- Click Save.
The saved Stop-loss, Target, and Position Sizing preferences will apply when you place Quick Trade orders using the selected product type.
Position Sizing
Position Sizing can be enabled for both Intraday and Overnight Quick Trade orders. You can configure the position size using:
- Amount: Calculates the quantity based on the entered amount.
- Lots: Places the order using the specified number of lots.
- % Margin: Calculates the position size using the selected percentage of available margin.
When Amount is selected, Position Sizing is calculated based on the net premium of the order. You may also enable automatic quantity updates when the price changes, where available.
Placing a Limit Order
- Open a TradingView chart, Depth of Market (DOM), or the Buy/Sell panel in FYERS Trader.
- Select Limit as the order type.
- Enter the required limit price.
- Review the order details and place the order.
The order will execute only if a matching price is available at your specified limit price or a better price.
Tips and Warnings
- Review the symbol, Buy or Sell side, quantity, product type, and order type before using one-click placement.
- Select % Difference when you want Stop-loss or Target to be calculated as a percentage.
- Select ₹ Abs value when you want to use a fixed rupee difference.
- Use a Limit order when price control is important. Use a Market order when immediate execution is the priority.
- Market orders may experience slippage during volatile or illiquid market conditions.
- Limit orders may remain pending if sufficient liquidity is unavailable at the selected price.
- Using Quick Trade without Stop-loss, Target, or Position Sizing may increase risk exposure.
Troubleshooting
- Stop-loss or Target was not applied: Confirm that the required product type is selected, the option is enabled, valid values are entered, and the configuration is saved.
- Position Sizing was not applied: Confirm that Position Sizing is enabled and that a valid Amount, Lots, or % Margin value is entered.
- Limit order was not filled: The market may not have reached your selected price, or sufficient liquidity may not have been available.
- Quick Trade is not placing one-click orders: Confirm that the Quick Trade toolbar toggle is enabled.
- Settings were changed but not applied: Reopen User Settings, confirm the selected product type and values, and click Save.
What If…
| Scenario | Outcome |
|---|
| I disable both Stop-loss and Target for Intraday. | A normal Intraday order is placed without predefined exit levels. |
| I disable both Stop-loss and Target for Overnight. | A normal Overnight order is placed without predefined exit levels. |
| I enable only Stop-loss. | The order is placed with the configured Stop-loss preference. It is not placed as a Cover Order. |
| I enable both Stop-loss and Target. | The order is placed with the configured Stop-loss and Target preferences. It is not placed as a Bracket Order. |
| I configure Stop-loss and Target for Overnight. | The saved Stop-loss and Target preferences apply to Overnight Quick Trade orders. |
| I select % Difference. | The Stop-loss or Target is calculated using the percentage value entered in Quick Trade settings. |
| I select ₹ Abs value. | The Stop-loss or Target is calculated using the fixed rupee difference entered in Quick Trade settings. |
| I enable Position Sizing. | The order quantity is calculated using the selected Amount, Lots, or % Margin preference. |
| The market price never reaches my limit price. | The order remains pending until it is executed, modified, cancelled, or expires according to its validity. |
| The price reaches my level, but the order is not filled. | Execution depends on available liquidity and order priority at the selected price.
|
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