Can I place GTC orders on Kite?
You can place GTC or Good Till Triggered(GTT) orders on Kite for your holdings.
The Good till triggered (GTT) feature works like an order that is active until the trigger condition is met. This trigger will be valid for 1 year, so anytime the price condition within this period is met, your order will be placed and executed, provided there are enough funds in the trading account, and your limit price order is filled on the exchange. This trigger set is valid only once, so if the order is placed and not executed for any reason, the GTT has to be placed again.
Single trigger- You can place a single trigger where the order is placed at the exchange when the trigger price matches or breaches the LTP. The single trigger can be used to enter into new positions or exit existing positions.
OCO (One Cancels the Other) trigger- You can place an OCO trigger where you can set a stop-loss and target trigger. When either of the triggers is hit, the order is placed at the exchange and the other trigger is canceled. This can be used to set targets and stop-losses for your holdings.
Check some illustrations on how the GTT feature can be used in this article.