How to place a GTT order in Fyers App?
A Good Till Trigger (GTT) order provides a strategic way to manage stock price fluctuations by setting up specific triggers for buying or selling. At FYERS, there are multiple types of GTT orders you can place:
Single: This order lets you set a Stop-Loss or a Target. For instance, to set a stop-loss for your TATASTEEL holdings, simply follow the on-screen instructions as shown in the image below.
Once Cancels Other (OCO): This allows you to place both a stop-loss and a target order, which remains valid for one year. Simply input the trigger price and limit price for both the stop-loss and target. As an example, if holding 100 shares of TATASTEEL, to set a stop-loss at ₹100 and a target at ₹120, refer to the displayed image.
GTT Advanced: The 'Advanced' setting in the GTT OCO order lets you assign different quantities for stop-loss and targets. For instance, if you wish to place a stop loss at ₹100 for 50 Qty and set a target at ₹125 for your IOC holdings of 100 Qty, then the order window will be displayed as the image below.
Note:
- It's crucial to input both the price and the trigger price when placing the GTT order.
- The trigger price should be close to the Last Traded Price (LTP), and the set price is where you want the trade executed.
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