Why does my Bracket Order target change automatically on FYERS?

Why does my Bracket Order target change automatically on FYERS?

When you place a target that exceeds the Limit Price Protection (LPP) level, the system automatically adjusts your target to the upper limit of the LPP. This prevents your order from being executed at an unintended price.

For example:

  1. You place a buy Bracket Order (BO) at ₹500.
  2. You set a stop loss (SL) at ₹490 and a target at ₹600.
  3. If the LPP for that stock is ₹550, your target will be automatically modified to ₹550.
This adjustment happens because orders placed beyond the LPP would be rejected by the exchange. Since the BO depends on both SL and target, rejecting the target would result in the position closing immediately after entry. To avoid this, we have implemented the modification, ensuring seamless order placement.

Note: Once the price moves in your favour, you can modify the target again as the new LPP will be determined.

    • Related Articles

    • How to place a Bracket Order in FYERS?

      A Bracket Order (BO) is an Intraday order that includes three parts: the entry order, a Stop-Loss (SL), and a Target (Profit booking). It helps you pre-define your exit strategy while managing risk and reward simultaneously. BOs are available only ...
    • How to Place a Bracket Order on Fyers Trader?

      Bracket Order (BO) is an innovative intraday trading product that allows traders to place the main order alongside a simultaneous stop-loss and target order. This ensures efficient trading and minimizes risks. Placing a bracket order on the Fyers ...
    • What are Regular, Bracket, and Cover orders in FYERS?

      At FYERS, we provide multiple order types to suit different trading styles and risk preferences. You can choose between Regular, Bracket, and Cover orders based on how you want to manage your entry, exit, and stop-loss in the market. Types of order ...
    • How to place a target order for an open position in FYERS?

      If you already have an open position, you can place a fresh Limit order to book profits at your target price directly from the Positions screen in FYERS. Steps Go to the Portfolio → Positions section in FYERS. Click the row of the open position to ...
    • How to place a Smart Limit Order on FYERS Trader?

      Smart Limit Orders give you better control over order execution by combining limit price logic with optional market conversion and expiry settings. Here's how you can place one on FYERS Web: Steps to Place a Smart Limit Order Select a stock or ...