How to place GTT order in FYERS 2.0 App?

How to place GTT order in FYERS 2.0 App?

GTT, a.k.a. Good Till Trigger, is an order valid for one year. GTT orders are placed to avoid any abrupt rise/fall in the prices of your holdings. At FYERS, you can place two types of GTT orders:


Single: In this order type, you can place an order to act as a Stop-Loss or a Target based on your requirement. For instance, if you wish to place a stop-loss for your TATASTEEL holdings, you can place it as displayed in the image below:

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Once Cancels Other (OCO): In this order type, you can place a stop-loss as well as a target order for your open position/s, with the order valid for one year. All you need to do is enter the trigger price and limit price as both stop-loss and target. For instance, if you hold 100 shares of TATASTEEL and wish to place a stop-loss at ₹100 and a target at ₹120, then you can place a GTT OCO order as displayed in the image below:




GTT Advanced: The 'Advanced' option in the GTT OCO order provides you with an opportunity where you can set different quantities for stop-loss as well as targets for any of your open position/s.

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: 
  1. Clients must enter both the price and the trigger price while placing the GTT order.
  2. The trigger price must be closest to the LTP, and the price must be the range at which you want the order to be executed.

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