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:
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:
- Clients must enter both the price and the trigger price while placing the GTT order.
- 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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