FAQs on Upstox Pro feature ‘GTT Order’

General
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FAQs:

What is a GTT order?

A GTT order allows you to set a trigger price for buying or selling a stock, ensuring your order is automatically placed when the trigger price is reached. You can use it for intraday, F&O, or equity delivery orders. This feature is especially useful for automating trades based on your strategy.

How long does a GTT order remain active?

  • Delivery GTT orders: Active for up to 365 days or until executed/canceled/expiry of the contract.
  • Intraday GTT orders: Valid only for the trading day on which they are placed.

Can I set stop-loss and target prices with a GTT order?

Yes, you can simultaneously set stop-loss and target orders along with the primary GTT order. These additional orders are only activated once the primary order is executed, giving you complete control over your trades.

How do I place a GTT order on Upstox Pro?

  1. Log into your Upstox Pro account.
  2. Select a stock or F&O scrip from the Cash Segment.
  3. Navigate to the ‘Summary’ tab and click on ‘Buy’ and select the ‘GTT’ option.
  4. Enter the desired quantity and choose the product type: Delivery or Intraday.
  5. Set your trigger price using one of these options:
  • Above: For a price higher than your stated price.
  • Immediately: For the current price.
  • Below: For a price lower than your stated price.
  1. Review and submit your order.

Can I modify or cancel a GTT order?

Yes, you can modify or cancel a GTT order anytime before it is triggered. Once the order is triggered and placed on the exchange, it cannot be altered.

How does GTT help during market volatility?

GTT ensures you don’t miss trading opportunities during market volatility. It tracks the stock price and automatically places your order when the trigger price is reached, saving you the hassle of monitoring markets constantly.

What are the benefits of using GTT orders?

  • No need to monitor stock prices constantly.
  • Set triggers for intraday or delivery trades.
  • Delivery GTT orders remain active for up to a year.
  • Tailor your orders to align with your trading strategy.

Can I use GTT for F&O trades?

Yes, GTT orders can also be placed for F&O trades, allowing you to automate your positions based on desired trigger prices.

What happens if my trigger price is not reached?

If the trigger price is not reached, the GTT order remains pending until it expires (for delivery orders) or the trading session ends (for intraday orders).