What is the wait and recheck feature in FYERS Smart Exit?

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 closing the position immediately, Smart Exit waits for a user-defined period to see if the market price reverses in your favour.

This is particularly useful during temporary price spikes or dips, often referred to as stop-loss hunting. It helps you avoid prematurely exiting a position due to short-term volatility, giving you a chance to remain in potentially profitable trades longer.

How it works

  • If the market recovers within the wait and recheck period, your position remains open.
  • If the price continues moving unfavourably, the system will exit the position at the end of the period, based on the original stop-loss condition.

Example

Rahul has a long position in a stock and sets Smart Exit with a Max Loss of ₹10,000. He enables the Wait and Recheck feature with a 15-second wait time. During the trading day, the stock price drops sharply, triggering the Max Loss condition. Instead of exiting immediately, the system waits 15 seconds. During this time, the price rebounds, moving the position back into profit. As a result, Rahul’s position remains open, and he can continue holding for potential gains.

Important: If the price keeps falling during the wait and recheck period, the exit will occur at the end of the set time. The final loss may be greater than the original Max Loss threshold.

How to access Wait and Recheck

You can enable the Wait and Recheck feature in the Advanced Condition section of Smart Exit. Refer to the video below for a walkthrough:

What If...

ScenarioWhat Happens
Market recovers within the wait periodPosition remains open, allowing you to continue holding.
Market continues falling during wait periodPosition is exited at the end of the period, and loss may exceed your Max Loss level.
I set a longer wait timeHigher chance of avoiding false exits, but risk of greater loss if market does not recover.
I don’t enable Wait and RecheckPosition exits immediately when Max Loss is triggered.

Last updated: 17 Sep 2025

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