What types of orders can I place using Quick Trade in FYERS?

What types of orders can I place using Quick Trade in FYERS?

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 normal Intraday orders, apply Stop Loss (SL) with SL-M or SL-L, and choose between market or limit order types. This article explains each option and what to expect in common scenarios.
Scope: This article covers FYERS Trader only. For the Overnight product type, only Position Sizing is available (SL/Target not supported).

Explanation

  • Normal Intraday order (no predefined exits): If both SL and Target are disabled in Quick Trade settings, your order is placed as a standard Intraday position without linked exit conditions.
  • SL only → Cover Order (CO): Selecting only Stop Loss converts the order to a Cover Order.
  • SL + Target → Bracket Order (BO): Selecting both Stop Loss and Target converts the order to a Bracket Order.
  • Stop-loss types supported (Intraday):
    • SL-M (Stop Loss – Market): When the trigger hits, a market order is sent for exit. Execution is prioritised but may involve slippage in fast markets.
    • SL-L (Stop Loss – Limit): When the trigger hits, a limit order is placed at your chosen price. You get price control, but it can remain unfilled if the market gaps past your limit.
  • Order type choices:
    • Market: Prioritises immediate execution at the current market price.
    • Limit: Executes only at your specified price (or better), providing control but not guaranteed fills.
  • Overnight trades: Only Position Sizing is available; SL/Target is not applied to Overnight product type.

How to use Quick Trade (FYERS Trader)

A) Place a normal Intraday order (no predefined exits)

  1. Open User Settings > Quick Trade in FYERS Trader.
  2. Disable Stop Loss and Target.
  3. Place your trade; it executes as a normal Intraday order without linked exits.

Reference: Normal Intraday order without SL/Target

B) Configure Stop Loss (and Target) for Intraday

  1. In User Settings > Quick Trade, select Product Type = Intraday.
  2. Select protection:
    • SL only → CO
    • SL + Target → BO
  3. Choose stop type:
    • SL-M (faster exit; potential slippage)
    • SL-L (price control; possible non-fill)

References: Set up SL/Target in Quick Trade  |  SL-M vs SL-L in Quick Trade

C) Place a limit order (entries/exits at a chosen price)

  1. Open a TradingView chart, DOM, or the Buy/Sell panel in FYERS Trader.
  2. Select Order Type = Limit and enter your desired price.
  3. Confirm and place; the order executes only if the market reaches your limit price.

Reference: Set up Quick Trade and place orders

Tips & Warnings

  • Choose SL-M when a guaranteed exit is more important than price precision; choose SL-L when price control matters more than guaranteed execution.
  • Use Limit for precise entries/exits; use Market when immediate execution is the priority.
  • Review symbol, side (Buy/Sell), quantity, and order type before one-click placement.
  • Using Quick Trade without SL/Target or Position Sizing can increase risk exposure.

Troubleshooting

  • Orders placed without SL/Target: Confirm Intraday is selected and that SL/Target values are saved.
  • Not getting filled on SL-L or Limit: The market may have gapped or liquidity may be insufficient at your price; consider adjusting the limit or using SL-M/market.
  • Settings saved but no one-click placement: Ensure the Quick Trade toolbar toggle is ON.
  • Overnight orders missing SL/Target: Intended behavior—SL/Target is not supported for Overnight; only Position Sizing is available.

What if…

ScenarioOutcome
I disable both SL and TargetA normal Intraday order is placed without automatic exits.
I select only SLOrder becomes a Cover Order (CO). See SL-M/SL-L details.
I select SL + TargetOrder becomes a Bracket Order (BO). See SL/Target setup.
I try to use SL/Target for Overnight tradesNot supported; only Position Sizing is available for Overnight.
I use SL-M in a fast marketExit prioritized; fill can be at a worse price due to slippage.
I use SL-L and price gaps through my levelOrder can remain pending (unfilled) if liquidity isn’t available at the limit.
Market price never reaches my limitOrder remains pending until modified or cancelled.
Price trades through my level but I don’t get filledFills depend on available liquidity at your price.
I forgot to select “Limit”A market order executes at the current market price.
I don’t enable SL in Quick TradeA normal Intraday order is placed without protection.

Last updated: 24 Sep 2025