What is a Smart GTT order in FYERS?

What is a Smart GTT order in FYERS?

Smart GTT (Good Till Triggered) is a condition-based delivery order that stays active on FYERS servers until your specified trigger condition is met. Once the trigger price is reached, a limit order is automatically placed at your defined price. This feature helps you automate entries, exits, or risk management without monitoring the market constantly.

Available Smart GTT types

Single

Used for initiating new Buy/Sell orders or exiting a position using a single trigger condition.

  • Set a trigger price and limit price.
  • Once the trigger is reached, a limit order is sent to the exchange.

Example: If HDFC Bank is trading at ₹1650, you can place a Buy order with trigger at ₹1600 and limit at ₹1595. Once ₹1600 is touched, your ₹1595 limit order is placed.

OCO (One Cancels the Other)

Allows placing both a stop-loss and a target order for a position. When one is triggered and placed, the other is automatically cancelled.

  • Same quantity is used for both target and stop-loss legs.
  • Ideal for protecting positions with fixed exit ranges.

Example: Set a target leg at ₹1700 and stop-loss at ₹1600. If the price touches ₹1700, the ₹1600 leg gets cancelled, and vice versa.

OCO (Advanced)

This version of OCO allows specifying different quantities for your target and stop-loss legs.

  • Use separate quantities and prices for each leg.
  • Best suited for partial exits or strategy-based management.

Example: Sell 50 shares at ₹1700 and 100 shares at ₹1600. Each leg is treated independently, and the untriggered leg is cancelled once the other is placed.

Key usage details

  • Smart GTT is available only for Overnight and MTF product types.
  • Not supported in Intraday mode.
  • Once triggered, the order is placed as a limit order at your set price.
  • Orders remain stored until manually cancelled or successfully triggered.

How to place a Smart GTT order on FYERS

  1. Open the order window for any stock you want to trade.
  2. Select Overnight or MTF as the product type.
  3. Toggle on Smart.
  4. Choose GTT from the Smart order types.
  5. Select the desired GTT mode:
    • Single – for a standalone entry or exit condition.
    • OCO – for setting both a stop-loss and target.
    • OCO (Advanced) – to use different quantities for SL and target.
  6. Enter the required trigger and limit price(s).
  7. Review and confirm to place the order.

Last updated: 15 Jun 2025


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