We have implemented an “Exit Positions” tab on FYERS Web. This has been done based on the popular feedback received recently during an event. Traders can now exit all open positions across all instruments and order types with one click. For instance, if you have positions across equity, futures & options simultaneously, you can exit them at once. The cool thing about this feature is that you can also exit positions with different order types such as Margin, Intraday, CO & BO.
As you know, Cover & Bracket Orders are OCO orders and upon squaring off the position, the Target & SL orders (Leg 1 and/or Leg 2) need to be canceled simultaneously too. We have designed the functionality to do that seamlessly with just one click of the button. The pending orders for CO/BO will be canceled too when you click on the “Exit Positions” tab. This feature will enable short-term & Intraday traders to handle volatility risk better by saving valuable time when the market direction changes suddenly. We hope that this adds value to your trading experience with us helps you deal with panic situations effectively.