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What is a Good Till Triggered (GTT) order?
The Good Till Triggered (GTT) order is a type of special order that allows you to create triggers to place an intraday order, F&O order, or equity delivery order. Whenever the trigger price is touched on the same day or on a future date, a limit order will be sent on the exchange at the price you have set. The GTT order is marked as ‘Scheduled’ until it is executed.
GTT orders remain valid for a period of 365 days. While placing a GTT order, if both the target and stoploss are set, then one order is cancelled if the other one is triggered.
In addition to this, you can simultaneously place a stop loss and a target order. However, both these legs will remain active only when the primary leg gets triggered. Similar to the primary leg of the order, for both legs, you can set a trigger price and the action to be performed when it is triggered.
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