Hello Upstox Community!
We are back with another exciting update to our GTT (Good Till Triggered) feature. Based on your valuable feedback, we are introducing more flexibility to help you align your trades even more closely with your personal trading strategies.
What’s New? More Control, More Choice!
While our previous update brought the safety of Market Price Protection (MPP) to all legs of a GTT order, we heard from some of you that you’d like more control over when that protection is applied.
To give you the best of both worlds—execution reliability and price precision—we have now made MPP optional for your Primary and Target legs.
The Details: What Has Changed?
You now have the power to decide if you want to use the MPP buffer or stick to a strict limit price for your entry and exit points.
| Feature | Primary Leg (Entry) | Target Leg (Exit) | Stop-Loss Leg (Protection) |
|---|---|---|---|
| MPP Status | Optional (Toggle On/Off) | Optional (Toggle On/Off) | Mandatory (Always On) |
| Default Setting | OFF | OFF | ON |
Why is Stop-Loss MPP Mandatory?
We’ve kept MPP mandatory for the Stop-Loss leg because, during a market crash or sudden movement, execution is the top priority to protect your capital. MPP improves the probability of execution while the price continues to move.
How This Impacts Your Trading
This update is designed to cater to different trading styles:
- For the Precision Trader: If you want to enter a trade at an exact price and are okay with the order not being filled if the price moves too fast, you can keep MPP OFF. This eliminates slippage for your entry and target.
- For the Execution-First Trader: If you don’t want to miss an opportunity due to a split-second price jump, you can simply switch MPP ON. This uses our smart buffer to ensure you get into or out of the trade even with slight market volatility.
How to Customize Your Settings
Tailoring your GTT order is now easier than ever:
- Open the GTT Order Form.
- Click on the ‘Edit’ CTA .
- Toggle the MPP switch ON or OFF for your Primary and Target legs based on your preference.
A Quick Recap: MPP vs. No MPP
Imagine you want to buy a stock if it falls to ₹100.
- With MPP OFF (Default): A limit order is fired at exactly ₹100. If the price hits ₹100 and bounces to ₹100.05 instantly, your order remains Open. You get the exact price, but might miss the trade.
- With MPP ON: A limit order is fired with a buffer (e.g., up to ₹103). If the price bounces to ₹100.05, your order is Executed immediately at the best available price (₹100.05). You get the trade with a tiny slippage.
For a deep dive into how MPP values are calculated, check out our Master MPP Guide here.
We are committed to making Upstox the most flexible platform for your trading needs. This update is a direct result of your suggestions—keep them coming!