The Good Till Triggered (GTT) feature allows you to place an order that stays active until the trigger condition is met. Your GTT remains valid for one year. When the trigger activates, a limit order is placed if you have sufficient funds in your account. You will receive notifications on your registered email and mobile device every time your GTT triggers and places an order on the exchange.
The trigger is valid only once. If the order is triggered and placed but not executed, you must place the GTT order again.
There are two types of GTT orders:
Single Trigger
You can set a single trigger where the order is placed at the exchange when the Last Traded Price (LTP) matches or breaches the trigger price. You can use the single trigger to enter new positions or exit existing ones.
One Cancels the Other (OCO) trigger
You can set both stop-loss and target triggers in an OCO trigger. When either trigger activates, the order is placed at the exchange and the other trigger is cancelled.
GTT is completely free with no additional charges.
A triggered GTT executes only if the limit price order fills on the exchange. For better chances of execution:
- For buy GTT orders: Place the limit price above the trigger
- For sell GTT orders: Place the limit price below the trigger
The further away your price is from the trigger, the more likely your order will execute.
Things to keep in mind
- You must authorise sell GTT orders triggered on equity holdings using CDSL TPIN. This does not apply if you have submitted a POA or DDPI.
- You can place GTT at any time of the day, but Zerodha will trigger and place orders only during market hours.
- Zerodha's dealing desk does not support GTT. You must place, cancel, or modify GTT orders yourself.
- The order history for triggered GTT appears only on the day it triggers and will not reflect from the next day.
- Your account can have a maximum of 250 active GTTs simultaneously.
- GTTs are cancelled for shares with corporate actions (bonuses, extraordinary dividends, stock splits, rights, amalgamation, etc.) that have greater than 5% of market value on the ex-date or record date. This ensures your order does not trigger at a random price. You must manually place the GTT order after the corporate action if necessary.
- GTT is available only for CNC and NRML product types. You cannot use it for other product types.
- Pending GTT orders are cancelled if a stock changes category.
- Your GTT order triggers even if a stock opens with a gap up or down, having breached the trigger price. For instance, if shares close at ₹90 on Monday and open with a gap up at ₹110 on Tuesday, and you place a buy GTT with the trigger of ₹100 and limit price of ₹102, the order triggers and places at a limit price of ₹102. If it does not execute by the end of the day, it is cancelled like normal orders.
- You can place buy GTT OCO only in F&O contracts.
- You can use only NRML order types in GTT OCO for index futures and options.
Visit
zerodha.com/tos/gtt
to know all the terms and conditions.