Smart Exit Alert Feature in Fyers: A Trader's Insight

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 Profit & Loss (P&L) thresholds based on specific amounts. Upon reaching these predetermined figures, the trader receives an instantaneous alert, empowering them with the choice to either exit the position/s or maintain it.

How does the Smart Exit Alert work?
  1. Initiate a Position: Say, you hold open positions (excluding equity delivery) in certain stocks.
  2. Anticipate Market Fluctuations: You anticipate possible market fluctuations during the trading day but might not be available to constantly monitor the charts due to personal commitments.
  3. Set the Smart Exit Alert: Using the Fyers App, you can set up a Smart Exit Alert. For instance, you choose a threshold of a ₹500 increase in profits and a ₹200 dip in losses.
  4. Receive Alerts: If your profit escalates by ₹500 or declines by ₹200, the Fyers app will promptly notify you with the message, "Smart Exit Triggered".
  5. Make Informed Decisions: With this, you're better positioned to determine whether to sustain your current position/s or opt for a timely exit, ensuring you're always in control of your trading decisions.

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      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 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 ...

    • 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 ...

    • How many active conditions can I set in Smart Exit?

      You can set one active condition at a time in Smart Exit per position.

    • 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.