Smart Exit - Manage All Your Positions in Single Click

As a trader, managing multiple positions at the same time is not easy. Each position has its own target, its own stop-loss, its own risk. And while you are watching one, the others are moving.

This is where most traders start making mistakes. Not because they lack knowledge, but because there is only so much you can track manually when the market is open.

Smart Exit solves this by letting you manage your overall risk in one place, instead of position by position.

https://www.youtube.com/watch?v=xa2i-PPdhG8

What is Smart Exit

Smart Exit monitors your overall account-level P&L across all open positions. You set one target and one stop-loss. When your total P&L hits either level, Smart Exit squares off all open positions automatically.

The shift here is important. Most risk management tools work at the individual position level. Smart Exit works at the portfolio level, which is closer to how traders actually think about their exposure when they are running multiple trades at once.

Features

Beyond the core functionality, Smart Exit has a set of features that make it useful across different trading styles.

1. It works across trading days

Earlier, Smart Exit only stayed active for the current session. If you held overnight positions, you had to set it up again the next day. Now it stays active across trading days until it is triggered or you turn it off. Intraday traders and positional traders can both use it without workarounds.

2. Target is optional

You do not have to set both a target and a stop-loss. The target is optional. If you only want Smart Exit to protect you on the downside, you can set just a stop-loss and leave the target off. This gives you more flexibility depending on how you want to manage a particular trading session.

3. Trailing stop-loss at the portfolio level

Trailing stop-loss is a well known concept at the position level. Smart Exit brings the same idea to your overall P&L. As your total P&L rises, your stop-loss moves up with it. You lock in more as you make more, without having to adjust anything manually. If the market reverses sharply, the trailing stop-loss kicks in and protects what you have already made. This is especially useful in volatile sessions where P&L can swing quickly in either direction.

4. Retest stop-loss and target

Fast markets can trigger stop-losses on brief spikes that reverse just as quickly. To avoid getting stopped out prematurely, Smart Exit has a retest option. When you enable this, you select a wait time, for example 5 seconds. When your P&L touches the stop-loss or target, Smart Exit waits for that duration and then re-checks the condition. If the level is still breached, positions are exited. If the P&L has recovered, Smart Exit continues monitoring. It is a small but useful buffer against noise in volatile markets.

5. Take a Break

Booking your target for the day feels good. Re-entering out of habit or boredom and giving it back does not. This is a pattern that affects a lot of traders, and it is harder to avoid than it sounds. Take a Break addresses this by automatically pausing your trading for the rest of the day once Smart Exit triggers. No new orders can be placed. You step away with your gains intact.

6. Exclude specific positions

Not every position needs to be part of your Smart Exit setup. If you have a trade you want to manage separately, you can exclude it. Its P&L will not count toward your Smart Exit levels, and it will not be squared off when Smart Exit triggers. A common use case: you are running a Nifty expiry straddle and a commodity position at the same time. You can put the Nifty legs under Smart Exit and let the commodity position run independently.

Smart Exit view in Positions Grouping

When you exclude positions from Smart Exit, your positions screen automatically splits into two sections: positions covered by Smart Exit and positions that are not. Each group shows its own P&L separately, giving you a clean view of both sides without any manual sorting.

For a full look at how Positions Grouping works on FYERS, read: Group Your Positions Easily on FYERS.

Alert only

By default, Smart Exit exits your positions when the condition is met. But if you prefer to be notified first and decide for yourself, you can switch the action to Alert Only. Smart Exit will send you an alert when your target or stop-loss is hit, without placing any exit orders. Useful if you want the monitoring without the automatic execution.

For any specific questions on positions or smart exit, kindly refer to our FAQ section.

Try Now

The more trades you have open at the same time, the harder it is to monitor all of them without missing something. Smart Exit takes that monitoring off your plate, so you can focus on your next decision rather than your current positions.

It is available on FYERS Web and App under the Positions module. Try it out now and let us know what you think in the comments below.

5 Likes

Hello Sir

Thank You for providing these features,

I and on behalf of other small traders, I want you to provide some features to control overtrading and revenge trading. I have one suggestion to control the same. Please consider my view. this may impact your brokerage but can save many traders.

| My suggestion |

Rules

  • Max. No. Order in a day

Provide a facility to set the maximum no. of orders in a day (Say, I set 3 orders (1 order = 1 order entry + 1 Order exit) (ie. total no. of orders in isolation 6)

  • Max Loss per order (Including Brokerage)

Provide a facility to set max. loss per order( including brokerage) (say, I set 2000)

  • Max. Loss per day (Including Brokerage)

Provide a facility to set max. loss per day (including brokerage) ( say, I set 6000)

IF any one of the above conditions is satisfied, stop trading for the day ( ie. trader must not be allowed to trade further during the day)

  • Max Loss Per Week

Provide a facility to set the max loss per week. (say, I set 15000-20000 rupees)

If this condition is satisfied, closed trading for the remaining week.

These conditions must not be editable/modifiable during the trading session

I make profits, but suddenly, someday, I lose control and overtrade, and my profit turns into a loss.

If you really want to see a small trader grow, please help us with this.

For more explanation, you can contact me.

2 Likes

does it work with holdings?

I tried this feature..It malfunctioned. Neither my target was reached nor my stoploss condition was met, the system closed my two legged position without any trigger. Couldn’t understand the issue!

Hi @kq7z2s7Z4U currently the Smart Exit doesn’t consider Holdings (i.e. Delivery and MTF Positions).

Hi @p_s_bindra could you please share the details of the positions with me in the DM? Will get it checked out.

Thank you @sajan_jain for the thoughtful feedbacks. We completely understand your point of view on the risk management aspect to it. Let us review this, we will create features to cater your needs.

1 Like

Hi.. I’d executed Bear Call Spread in Nifty, intraday.. considering the payoff, I’d placed Rs 2k as profit and Rs 1800 as SL. Though the strategy was in loss as market turned bullish on friday.. my positions were closed without triggering any of the conditions…couldn’t understand why!

This is great feature to have, which allows trade to be managed on semi automation.

Need a clarity on once the stop loss trails and reach to a positive number how it will trail further.

Let’s say SL is -1000 and trail SL is 600, if P&L reaches to 1200, what would be trail SL standing at?, and so on so forth if P&L reached 1800, what would be trail SL?

1 Like

Hi @114144264468730233591 SL will keep trailing by the TSL amount even if the SL turns positive. This ensures downside risk is under control.

@100896764311964962033 Thank you for reverting. Can we have a lock and trail feature to take most of smart exit feature.

Like to have a maximum order/trade per day feature.

1 Like

any progress on the feature recommended or requested by me ?

I want to activate smart exit before starting of trading day to set target and stoploss of the day.

It should also consider closed position of the day and calculate overall P&L.

Hi @U24RXXEjCj your feedback is noted. As of now you need to take a position first to set a Target and Stop-Loss. We will evaluate a solution to address your concern.

Hi @U24RXXEjCj this is interesting. We would love to extend the risk management feature addressing your concern. Stay tuned.

Hi @sajan_jain we are working on extending the risk management features. We will share an update when it is live.

Hello sir, I am waiting for the suggested feature. Please work on it.

Smart Exit is a great feature, but it would be much better if it could be activated before the first trade of the day. Currently, there is an unprotected window between entering the first position and enabling Smart Exit, which is risky during the volatile market open. Please allow users to arm Smart Exit before trading so it starts monitoring automatically when the first position is opened.

2 Likes

Hey @105461726853159315854

Thanks for reaching out to us. We’ve duly noted your feedback on Smart Exit enhancements.