When you decide to take a trade, the entry is only one part of the decision.
The other part is deciding your stop-loss and target. Most traders already know these levels before placing an order. The challenge was setting up the complete trade without going through multiple steps.
That is why we introduced Smart stop-loss and target directly in the Order Window across all product types.
Why we changed the experience
Earlier, Cover Orders (CO) and Bracket Orders (BO) were available only for Intraday trades to place an entry along with predefined stop-loss and target levels.
For Delivery, Overnight, and MTF trades, you could not define the stop-loss and target** **while placing the entry order.
We wanted to make this simpler and give you more control.
Smart Stop-loss and Target have replaced Cover Orders (CO) and Bracket Orders (BO). You can use the feature across Intraday, Delivery, Overnight, and MTF.
You can now define your entry, stop-loss, and target from the same Order Window. Once your entry order is executed, your exit plan is already in place.
Available across FYERS platforms
The experience is available on FYERS Web, FYERS Trader, and the FYERS App.
FYERS App
FYERS Web
FYERS Trader
When placing an order from the chart, you can also set your stop-loss and target using the TP/SL drag-and-drop controls. Simply drag the levels to the prices you have planned and place the order.
This makes it easier to adjust your exit levels directly on the chart instead of entering the values manually.
Your saved stop-loss and target presets also sync across FYERS Web and the FYERS App, so you do not have to configure them again when switching between platforms.
Delivery and MTF positions
Smart Stop-loss and Target orders for Delivery and MTF positions remain valid for up to 365 days.
To use Stop-loss and Target for Delivery and MTF positions, you must enable DDPI or submit a POA. Without these, you won’t be able to place these orders.
For AMO orders, stop-loss and target are supported only with limit orders.
Smart Stop-loss and Target in the Order Window is available on FYERS Web, FYERS Trader, and FYERS App.
Try it on your next trade and let us know what you think in the comments.