Good Till Triggered (GTT) orders prohibit investors from exceeding maximum amounts for Stop Loss (SL) and Target, which vary as per the primary leg of the order (buy or sell) and in regard to the type of security (equity, futures and options). Knowing about limits set on SLs and Targets is important for good risk management and successfully executing a trade strategy, as receipts and end conditions will greatly impact your performance.

For Buy primary leg or Position

To buy the primary leg or position (buy), both SL for equity and F&O will never exceed the maximum of the higher of the tick size or 99%. This accounts for an ever-increasing SL but limits losses. For equity, Targets have a maximum limit set at 500%, whereas for F&O, it's set at 9999% again due to the volatility and leverage of these instruments.

For a Sell primary leg or position

The maximum Stop-Loss for equity is 500%, while it is 9999% for F&O. The Target is the higher of the tick size or 99% for both equity and F&O, thus creating a formal structure for limiting potential profits on short positions. These limits are put in place to promote that GTT orders remain within the current market context for all traders while allowing them to manage risk exposure. Investors can position themselves in or out, maximize profits, and minimise losses by understanding and respecting the limits.