What is Smart Step and how does it work?
Smart Step in FYERS is a feature that automates the averaging process when a stock’s price moves within a specific range. With Smart Step, you can define price intervals (ticks) and quantity increments to automatically place additional buy or sell orders as the price moves in your favour or against your position. This helps to average out the buy or sell price, reducing overall cost or capturing better profits depending on the market movement.
With Smart Step, you don’t need to manually place multiple orders at different price points. The system automatically executes the orders based on the pre-defined steps you set, simplifying the averaging process and helping you manage trades more efficiently.
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How to place a Smart Step order in FYERS?
To place a Smart Step order in FYERS, follow these steps: Go to the ‘Order Window’ for the scrip you want to trade. Click on Smart Step. In the next screen, select the Smart tab and choose Smart Step. Set the following parameters: Total Quantity: The ...
What is the wait and recheck feature in Smart Exit, and how does it work?
The wait and recheck feature in Smart Exit allows the system to pause and reassess your position when the Max Loss condition is triggered. Instead of immediately closing the position, Smart Exit waits for a user-defined period to see if the market ...
What is the Smart Exit Alert and how does it benefit traders?
The Smart Exit Alert feature in Fyers App is an innovative tool tailored for traders to meticulously manage their financial exposures. Unlike conventional alerts that function on percentage parameters, the Smart Exit Alert allows traders to establish ...
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 a Smart Limit Order?
A Smart Limit Order is an advanced type of limit order that allows users to set custom expiry times and actions, ensuring the expected execution of the order. It includes features like Market Protection Price (MPP) to safeguard against undesirable ...