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 protected. This is particularly useful in trending markets where you want to capture more profit while limiting potential losses.
To know how to place Smart Trail, kindly refer to this article.
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Where can I check the status of Smart Trail?
You can check the status of your Smart Trail order under the Smart Order tab in the Order Book on the FYERS App, and in the Smart Order Book on the FYERS Web platform. Here, you can track your active Smart Trail orders and see any adjustments made as ...
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.
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 place a Trailing Stop-loss (Smart Trail) order in FYERS?
Trailing Stop-Loss (TSL) is a Smart order type that adjusts your stop-loss price dynamically as the market moves in your favor. This helps you lock in profits while limiting downside risk. The feature is available across all FYERS platforms — App, ...
What is the Smart toggle in the order window used for?
The Smart toggle in FYERS lets you place condition-based orders that are stored on our servers and sent to the exchange only when specific criteria are met. This gives you flexibility in managing longer-term or conditional trading strategies without ...