What is Smart Exit in FYERS and why should I use it?

What is Smart Exit in FYERS, and why should I use it?

Smart Exit in FYERS is a feature that automatically exits multiple positions based on pre-set Book Profit and Max Loss levels. It helps manage all open positions, including Margin Trading Facility (MTF) positions, but excludes Equity delivery positions. This feature is especially useful when you can’t constantly monitor your trades, ensuring you don’t miss important exit points.

Smart Exit saves time by automating the exit process, allowing you to set profit or loss targets across all positions. It’s ideal for traders using hedging strategies, helping them exit trades without needing to watch the market all day.

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    • 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 do I place a Smart Exit order in FYERS?

      To place a Smart Exit order in FYERS, follow these steps: After your order is executed, go to the ‘Positions’ tab. Click on the Smart Exit icon above your open positions on the left. Click on ‘Create Smart Exit’. Choose ‘Alert with Exit’ (to ...

    • Can I select specific positions for Smart Exit in FYERS?

      No, Smart Exit is applied to all open positions in your portfolio, including Margin Trading Facility (MTF) positions. However, Equity delivery positions are excluded from Smart Exit and will not be affected.

    • How to set up the Smart Exit Alert on Fyers App?

      You can setup Smart Exit Alerts seamlessly in Fyers EA. Here's how: Access the Positions Tab: Firstly, log in to your Fyers App. Within the 'Portfolio' section, you will find the 'Positions' tab. Locate the Smart Exit Alert icon: You'll spot this ...

    • How do I view my active Smart Exit conditions in FYERS?

      To view your active Smart Exit conditions, go to the Smart Exit section above your positions. From here, you can view all the currently active conditions for your trades.