The Square Off Timer is a new feature designed to help traders avoid unnecessary extra charges. It reminds them to square off their open intraday positions before the auto square-off time. The alert is triggered 15 minutes before the auto square-off time, and a timer icon appears next to each intraday open position.

Consider these common scenarios:

• Scenario 1: You are reviewing your closed positions at 3:15 PM, ensuring that all intraday trades are squared off. However, due to a high number of trades, you miss a few intraday positions, leading to auto square-off and extra charges.

• Scenario 2: Busy with last-minute adjustments, you lose track of time and fail to square off your intraday positions. These positions are then automatically squared off, incurring unnecessary costs.

To prevent such situations, Upstox introduces the Square-Off Timer a feature designed to remind traders about open intraday positions. This alert is triggered 15 minutes before the auto square-off time, displaying a timer icon next to each open intraday position in the Positions tab.

Benefits of the Square Off Timer

• Avoid Additional Charges: Auto square-off incurs extra fees, which this timer helps you avoid.
• Better Trade Management: It helps traders distinguish intraday positions from delivery trades.
• Enhanced Trading Experience: Focus on strategy execution without worrying about missing intraday exits.

Where to Find This Feature

• Positions Tab: The timer will be visible beside open intraday positions 15 minutes before auto square-off.
• Normal Trading Days
• Equity Intraday: Timer appears at 3:00 PM
• Derivatives: Timer appears at 3:05 PM
• Special Trading Sessions: Timer will be displayed 15 minutes before the designated auto square-off time.

How to Use the Square Off Timer

• The feature is automatically enabled for all traders with open intraday positions.
• Simply check the Positions Tab when nearing market close to ensure all intraday trades are squared off in time.

By using the Square Off Timer, traders can avoid unnecessary costs, stay in control of their trades, and focus on market strategies with confidence. Whether you're a seasoned trader or just starting out, this feature is a valuable tool for efficient trading!