The Good Till Triggered (GTT) feature allows you to place an order that remains active until a predefined trigger condition is met. Once the trigger condition is satisfied, the order is automatically placed on the exchange.
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A GTT order is valid for one year from the date of placement.
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When the trigger price is reached or breached, a limit order is placed on the exchange, provided you have sufficient funds or holdings in your account.
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You will receive notifications on your registered email ID and mobile number whenever your GTT is triggered and an order is placed.
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Buy GTT: You can use buy GTT to create triggers for buying instruments. When the trigger price hits, a buy order with your specified limit price is placed on the exchange.
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Sell GTT: You can use sell GTT to exit holdings or short-sell F&O contracts. You can place either a target order or both stoploss and target orders using sell GTT. Your sell GTT order for holdings executes only if the shares are in your demat account and the order fills on the exchange.
How to Place a GTT Order on ORCA Web
There are two ways to place a GTT order on the ORCA web platform.
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Add the desired scrip to your Market Watch.
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Click on Buy or Sell for the selected scrip.
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In the order window, select GTT as the order type.
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Choose the required GTT trigger type and set the trigger conditions.
Types of GTT Orders
ORCA offers two types of GTT orders:
1. Single Trigger
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Allows you to set one trigger price.
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The order is placed when the Last Traded Price (LTP) matches or breaches the trigger price.
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Can be used to:
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Enter a new position
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Exit an existing position
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Example:
Buying a stock when the price falls to a desired level or selling when it reaches a specific target.
2. One Cancels the Other (OCO) Trigger
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Allows you to set two triggers simultaneously:
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Target price
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Stop-loss price
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When either trigger is activated, the corresponding order is placed on the exchange.
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The other trigger is automatically cancelled, helping manage risk efficiently.
Best suited for:
Traders and investors who want automated profit booking and risk management.
Key Benefits of GTT Orders
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No need to monitor the market continuously
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Helps automate entry and exit strategies
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Effective risk management using OCO triggers
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Long validity of up to one year
Things to Keep in Mind
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You must authorise sell GTT orders triggered on your equity holdings using CDSL TPIN, unless you have already submitted a Power of Attorney (POA) or DDPI.
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GTT orders can be placed at any time of the day; however, the system will trigger and place the order only during market hours.
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GTT orders are self-managed. You are required to place, modify, or cancel GTT orders on your own, as dealer-assisted support is not available for GTT.
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The order history of a triggered GTT will be visible only on the day it is executed and will not be available in the order history on subsequent days.