What is Smart Exit in FYERS, and how does it work?

What is Smart Exit in FYERS, and how does it work?



Smart Exit helps you manage risk across multiple open positions by allowing you to define portfolio-level P&L conditions using an overall Target and Stop-loss.

Smart Exit applies to:

  • Intraday Equity positions
  • Intraday F&O positions
  • Overnight F&O positions

Smart Exit does not apply to:

  • Equity Delivery positions
  • MTF positions

The Smart Exit panel may show “No open positions, excluding MTF and delivery, are available” when there are no open positions to monitor.

Activate Smart Exit on the FYERS App

  1. Open the FYERS App.
  2. Go to Portfolio.
  3. Tap Smart Exit.
  4. Select the positions you want to include or exclude.
  5. Enter the Stop-loss value.
  6. Enter the Target value, if required.
  7. Choose Exit or Alert Only.
  8. Configure additional controls such as Trail Stop-Loss, Retest, or Take a Break, if needed.
  9. Tap Activate.
  10. Review the summary and tap Confirm.

Activate Smart Exit on FYERS Web

  1. Log in to FYERS Web.
  2. Go to Portfolio.
  3. Click Smart Exit.
  4. Choose the positions you want to include or exclude.
  5. Enter the Stop-loss value.
  6. Enter the Target value, if required.
  7. Select Exit or Alert Only.
  8. Configure Trail Stop-Loss, Retest, or Take a Break, if needed.
  9. Click Activate.

Exit Position

The Exit Position option lets you choose which positions should be covered under Smart Exit.

All

When you select All, Smart Exit applies to all open positions, excluding Delivery and MTF positions.

Custom

When you select Custom, you can include or exclude specific positions.

For example, if you have Equity Intraday, Futures, and Options positions, and you want Smart Exit to apply only to Options positions, you can use Custom selection to include Options and exclude Futures and Equity Intraday positions.

If you exclude a position, that position will not be considered when Smart Exit is triggered.


Exit Conditions

The Exit Conditions section is where you define the P&L levels that Smart Exit should monitor.

P&L excluding Delivery and MTF

This shows the current overall P&L of positions only. Delivery and MTF positions are excluded from this value.

Target

Target is the profit level at which Smart Exit can be triggered based on the portfolio-level P&L of open positions.

Stop-loss

Stop-loss is the maximum loss level you are willing to allow across covered positions.

Stop-loss is required to activate Smart Exit.

Trail Stop-loss

Trail Stop-loss allows your Stop-loss to move upward as your overall P&L improves.

You need to enter a trailing jump value in ₹. Every time your overall P&L increases by the defined jump value, the Stop-loss moves upward by the same amount.

The Stop-loss moves only in the favourable direction and does not move downward if the P&L later reduces. For more details, click here.

Action

The Action field decides what should happen when the Target or Stop-loss condition is triggered.

Exit

If you select Exit, positions covered under Smart Exit are squared off when the defined condition is triggered.

Alert Only

If you select Alert Only, you receive a notification when the defined condition is triggered, but your positions remain open.

Advanced options

The Advanced section includes additional controls such as Retest Stop-loss and Target and Take a Break.

Retest Stop-loss and Target

Retest helps avoid triggers caused by quick price spikes or temporary P&L movement.

When enabled, Smart Exit waits for the defined Target or Stop-loss level to be crossed and re-tested within the selected real-time seconds before triggering the selected action. For more details, click here.

Take a Break

Take a Break is designed to help avoid overtrading after reaching a defined profit or loss level.

When Take a Break is enabled, trading is stopped for the day, and you can trade again on the next trading day.

To enable Take a Break, you need to complete OTP validation. Once the OTP is verified successfully, the Take a Break toggle turns on. For more details, click here.

Modify or deactivate Smart Exit

You can manage an active Smart Exit setup from the Smart Exit panel.

To modify Smart Exit

  1. Go to Portfolio → Positions → Smart Exit.
  2. Update the required values such as Target, Stop-loss, Trail Stop-loss, Action, Retest, Take a Break, or selected positions.
  3. Click or tap Modify.

To deactivate Smart Exit

  1. Go to Portfolio → Positions → Smart Exit.
  2. Select Deactivate.
  3. Confirm the action.

Once deactivated, Smart Exit stops monitoring your positions immediately. If some covered positions are closed manually, Smart Exit may continue monitoring the remaining covered positions unless it is manually deactivated. For more details, click here.


Important things to remember

  • Smart Exit works at the portfolio-level P&L of positions, not at the individual position level.
  • Delivery and MTF positions are excluded.
  • Stop-loss is required to activate Smart Exit.
  • Target is optional.
  • Smart Exit remains active across trading days unless manually deactivated or all covered positions are squared off.
  • If covered positions are closed manually, Smart Exit may continue monitoring remaining covered positions unless deactivated.
  • If there are no positions, the Smart Exit panel may show: “No open positions, excluding MTF and delivery, are available.”

What If?

ScenarioSolution
You have only Delivery or MTF positionsYou need at least one Intraday Equity, Intraday F&O, or Overnight F&O position to use Smart Exit.
You want Smart Exit to cover only selected positionsUse Custom under Exit Position and include only the positions you want to cover.
You want only a notificationSelect Alert Only as the action before activating Smart Exit.
You want to stop Smart Exit completelyDeactivate Smart Exit manually from the Smart Exit panel.
You want to pause trading after the condition is triggeredEnable Take a Break and complete OTP validation.

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