Sir,
My algo limit order for sale does not execute which show cancel and I have to execute manually which incurred loss in my scalping strategy which is profitabe before April,2026 where market order was there. Please advice to solve the problem.
As per regulations, market orders are not allowed via Algo/API. Therefore, market orders are automatically converted to MPP (Market Price Protection). For faster execution, you can set the price x% higher or lower (based on the buy/sell side) than the LTP.
Nreshjee,
I have not find how to set MPP order in Fyers Automation. Please help me to set MPP order in Fyers Own Algo Automation.
There is no option to manually set the MPP price. When market orders are triggered through automation, the MPP is applied based on predefined auto-pricing logic.
You can find more details here: What is Market Price Protection (MPP) in FYERS?
There is bug appeared in fyers automation
Suppose: your algo buys:
52300 CE
But strike-selection bug accidentally buys:
53300 CE.
How can I fix this bug