If I exit manually, will the Smart Trail cancel automatically?
No, if you exit manually, the Smart Trail order will not cancel automatically. You will need to cancel or deactivate it separately.
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Will Smart Exit close overnight positions automatically when either of the conditions are hit?
Yes, Smart Exit will automatically close all overnight positions, including Margin Trading Facility (MTF) positions, when either the Book Profit or Max Loss conditions are met. However, Equity delivery positions will not be affected by Smart Exit.
How is Smart Trail different from regular stop-loss?
A regular stop-loss remains fixed at a set price, meaning it doesn't change as the market moves. In contrast, Smart Trail automatically adjusts the stop-loss level as the price moves in your favour. This helps you lock in profits and reduce the risk ...
How do I cancel a Smart Exit in FYERS?
To cancel a Smart Exit in FYERS: Go to the Smart Exit section located just above your positions on the left. Tap and hold on the condition you wish to delete. Click on Delete to remove the condition.If you only want to make the condition inactive ...
How to place a Smart Trail order?
To place a Smart Trail order in FYERS, follow these steps: Once you have an open position, go to the ‘Positions’ section. Click on the position you want to place the Smart Trail for and select Exit. Go to the Smart tab and click on Smart Trail. Enter ...
What is Smart Trail and how does it help?
Smart Trail in FYERS is similar to a trailing stop-loss, helping you lock in profits by automatically adjusting your stop-loss as the price moves in your favour. As the market moves upward, the stop-loss level follows, ensuring your gains are ...