Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

A Hands-On Walkthrough of FYERS Scalper Terminal for Options Traders

1 min read

Trading requires precision, speed, and the right tools to make the most out of market opportunities. FYERS has revolutionized the trading experience with the introduction of its Scalper Terminal, a platform built exclusively for options and futures traders. Designed to enhance decision-making and improve efficiency, the Scalper Terminal is the perfect companion for those who thrive on fast-paced trades.

Key Features That Set the Scalper Terminal Apart

1. Three-Chart Layout for Comprehensive Monitoring

The Scalper Terminal offers a unique three-chart layout, providing a complete view of the market. The layout includes:

  • Center Chart: Displays the underlying asset for real-time analysis.
  • Left Chart: Focuses on the Call Option (CE) of the chosen strike price.
  • Right Chart: Tracks the Put Option (PE) for the same strike price.

Traders can quickly select strike prices using a dropdown menu, and the corresponding charts are updated instantly. Real-time data such as the last traded price (LTP) and day’s high/low are prominently displayed, enabling informed decisions at a glance.

Fyers Scalper Terminal

2. Customization and Advanced Scalping Tools

The platform allows traders to personalize their workspace:

  • Chart Adjustments: Tailor layouts to include your preferred indicators for scalping.
  • Dynamic Options Chain: Customize it to display prices, option Greeks, or straddle views for in-depth analysis.
  • Execution From Charts: Execute trades directly from the chart interface with ease.

One standout tool is the Price Range Indicator, which highlights price movement trends across CE, PE, and Spot charts with intuitive visual aids.


3. Quick Trade Mode for Seamless Execution

For scalpers, speed is paramount. The Quick Trade Mode eliminates delays:

  • Instant Orders: Execute trades without opening an order window.
  • Keyboard Shortcuts: Boost efficiency using shortcuts like:
    • Shift + Up Arrow: Buy CE
    • Shift + Down Arrow: Buy PE
    • Shift + Left Arrow: Sell CE
    • Shift + Right Arrow: Sell PE

Other shortcuts include:

  • Shift + B: Open Buy Order Window
  • Shift + S: Open Sell Order Window
  • Ctrl + F: Search for symbols

4. Smart Risk Management

Risk management features are seamlessly integrated:

  • Heads-Up Alerts: Provides warnings about liquidity, volatility, or compliance risks, helping you avoid potential pitfalls.
  • Partial Exits: Book profits partially while keeping the rest of your position open.
  • One-Click Square-Off: Exit all positions for a specific underlying asset with a single click.

5. Streamlined User Interface

  • Order Window: Compact and efficient, with quick toggles for order types and quantities.
  • Account Management: Monitor live positions, track closed trades, and manage account balances directly from the terminal.

Who Should Use the Scalper Terminal?

The Scalper Terminal is ideal for active options and futures traders who require:

  • Fast execution and streamlined workflows.
  • Tools that are tailored for intraday trades.
  • A seamless and responsive interface designed for scalping strategies.

The FYERS Scalper Terminal is a purpose-built tool designed to streamline the trading experience for options and futures traders. By offering features like customizable chart layouts, quick trade execution, and integrated risk management tools, the platform simplifies the process of monitoring and executing trades. Whether you’re optimizing strategies or managing risk, this terminal provides the flexibility and precision needed to trade efficiently.

Explore the Scalper Terminal here.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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