How do I place a GTT order on FYERS Web?
To place a GTT order on FYERS Web, follow these steps:
Single: You can place a GTT order to set a stop-loss or target price for your existing holdings/positions, or you can initiate a new position.
Example: If you wish to place a Buy order for 1000 shares of HDFC Bank, you can use this order type, setting both the price and trigger price at ₹1600, as shown in the video below.
(The limit price and trigger price can be different as per your needs.)
OCO (One Cancels the Other): This order type allows you to place both a stop-loss and a target order simultaneously, where if one order is triggered, the other gets cancelled.
Example: If you have an existing holding of HDFC Bank, you can place a GTT OCO order. In the example video, the target is set with both the price and trigger price at ₹1700, and the stop-loss is set with both the price and trigger price at ₹1600.
OCO (Advanced): This advanced option is an extension of OCO, where this order allows you to assign different quantities for the stop-loss and target orders individually.
Example: If you want to place a GTT OCO Advanced order to sell your HDFC Bank holdings, you can set the target price and trigger price at ₹1700, and the stop-loss price and trigger price at ₹1600, as shown in the video below.
(You can enter different quantities for target and SL, unlike in the video example.)
Note: For the terms and conditions of placing a GTT order with FYERS, please refer to this support article.
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