Why 'Exit All Positions' doesn't work at all times?
The 'Exit All Positions' function, accessible in Fyers Web, Fyers App, and Fyers EA, allows users to close all their positions swiftly with a single tap or click. Nonetheless, there are specific scenarios where this feature may not operate effectively:
Pending/Open Orders: If you have any open orders that are set as counter orders, attempting to place a new order through 'Exit All Positions' might lead to duplication and, consequently, the need for additional funds. This can result in the rejection of the order.
Suppose you have an open position in the Nifty 20500 CE options contract and a counter sell order set for a target price. When you activate 'Exit All Positions', the system tries to place new orders for closing each position. However, due to the existing open sell order, the system might ask for additional funds. If these funds are not available, none of your open positions may be closed.
Orders Exceeding Freeze Quantities: In instances where your positions include quantities that surpass the Freeze quantities set by the exchange, your order may not go through and get rejected.
Consider you hold 5000 Qty of Nifty 20500 CE, which is above the prescribed 'Freeze Quantity'. In this scenario, attempting to use 'Exit All Positions' may be unsuccessful. To resolve this, you would need to manually place orders to close such positions.
Related Articles
How can I exit all open positions or a specific position using the Exit Position API?
To exit open positions using the Exit Position API, you have two options. If you want to exit all open positions at once, simply use the API without providing the 'id' attribute. This will close all your current open positions. However, if you wish ...
How can I exit all open positions or a specific position using the Exit Position API?
To exit open positions using the Exit Position API, you have two options. If you want to exit all open positions at once, simply use the API without providing the 'id' attribute. This will close all your current open positions. However, if you wish ...
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 track positions on FYERS Web?
The first thing a trader wants to know as soon as he/she enters the trade is 'How to track positions'. The position of any particular scrip can be tracked on its chart itself as pictured below: But when there are more than one position, it gets hard ...
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 ...