In the dynamic world of stock trading, having the ability to set automated orders is a game-changer. Upstox GTT (Good Till Triggered) orders empower traders with the flexibility to execute trades at predetermined levels, while offering the added advantage of stop-loss and target orders. Know all about Upstox GTT orders, the steps to place GTT order in Upstox App, Upstox GTT Order Pros and Cons, Validity of Upstox GTT Order and more.
Table of Contents
How Can You Place GTT order in Upstox App?
Upstox GTT Order Pros and Cons
How to Place an Upstox 3 leg GTT Order with Stop-Loss and Target order?
What is Upstox GTT Order?
GTT, which refers to Good Till Triggered, is a feature offered by Upstox. It serves as an alternative to the Good Till Cancelled (GTC) order. GTT is an advanced order type that allows Upstox customers to specify their desired buying and selling price, profit target, and maximum loss capacity for a particular trade. Once the specified price conditions are met, the relevant order is automatically placed on the exchange and users are notified.
This feature is particularly beneficial for traders who are less active or unable to monitor the market regularly. Whether you are engaged in F&O trading, intraday trading, or trading in the equity delivery segment, you can utilize the GTT order functionality on Upstox. By using GTT orders, traders can save time and free themselves from the need to constantly monitor trades or place orders on a daily basis. As a result, GTT in Upstox provides users with a stress-free trading experience.
Check out our article on Upstox Broker FAQ – Top Things You Should Know about Upstox.
What are Upstox GTT Order Charges?
With Upstox, you can take advantage of the GTT (Good Till Triggered) order facility completely free of charge. This means that customers can place Upstox GTT orders in their desired segments without incurring any fees or charges. You can enjoy the convenience and flexibility of GTT orders at absolutely no cost, making it an excellent feature for traders and investors alike.
How Can You Place Upstox GTT orders in Upstox App?
Upstox has introduced the GTT feature exclusively on its mobile app, currently not available on the website. Upstox customers can access the feature by logging in to the mobile trading app, allowing them to place UpstoxGTT orders conveniently.
To place an Upstox GTT Order on the Upstox app, follow these steps:
- Log in to the Upstox App.
- Add the desired scrip to your watchlist.
- Select either “Buy” or “Sell” and navigate to the “GTT order” tab.
- Enter the quantity and choose the product type, either “Intraday” or “Delivery”.
- To buy or sell shares above the current price, select “Above”. To place an order at the current price, choose “Immediately”. To place an order below the current price, select “Below”.
- Review your order details by clicking on the “Review” tab.
- Once you have reviewed the order, proceed to place the GTT order successfully.
Upstox GTT Order Pros and Cons
Pros:
- Upstox GTT orders allow for the placement of target and stop-loss orders, providing traders with a comprehensive strategy for managing their trades.
- Upstox offers GTT order placement features across various segments, including equity intraday, delivery, and F&O, allowing traders to utilize this functionality in different types of trades.
- In the delivery segment, Upstox GTT orders remain valid for an extended period of time, specifically for a year or 365 days. This longer validity period can be beneficial for long-term investors who want to set up automated orders.
- Upstox users can conveniently place Upstox GTT orders using the Upstox app, making it accessible and user-friendly for traders who prefer mobile trading.
- The platform supports the placement of 3 leg GTT orders, enabling advanced trade management capabilities for experienced traders who want to optimize their strategies.
Cons:
Currently, the GTT order facility is only available on the Upstox App for Android devices. Unfortunately, it is not accessible on the Upstox iOS app, limiting the availability of this feature to Android users only.
How to Place an Upstox 3 leg GTT Order with Stop-Loss and Target order?
With Upstox, users have the ability to execute a 3-leg GTT (Good Till Triggered) order, enabling them to place a purchase order along with two additional orders: a target order and a stop-loss order.
By establishing a well-defined trading strategy and setting specific targets or maintaining a stop-loss level, Upstox’s 3-leg GTT Order allows users to effortlessly monitor price movements in real-time, granting them the freedom to stay updated every second.
Here are the steps to place a GTT order with stop-loss and target orders on Upstox:
- Log in to your Upstox account.
- Add the desired company or F&O scrip to your watchlist.
- Choose whether you want to place a “Buy” or “Sell” order.
- Locate and click on the “GTT order” tab.
- Enter the quantity of shares you wish to trade and select the appropriate product type, either “Delivery” or “Intraday”.
- Determine your desired trigger condition by selecting one of the following options: “Between”, “Above”, or “Below”, based on your requirements.
- Toggle on the “Add Stop-loss, target orders” option.
- Specify the percentage value for your stop-loss and target profit. Note that the minimum value you can enter is 0.25%.
- Once you have entered all the necessary details, click on the “Review” option to complete the placement of your 3-leg GTT order successfully.
Upstox GTT Order Validity
Upstox GTT (Good Till Triggered) orders have varying validity periods depending on the trading segments, unlike market and limit orders which are valid for a single trading day.
For GTT Intraday orders, they are valid for the entire trading day or remain active until the end of the day on which the order was placed. This means that if the price conditions specified in the GTT order are met within the same day, the order will be triggered.
GTT F&O (Futures and Options) orders, on the other hand, remain valid until the contract expiry date. This means that the GTT order will stay active until the specified conditions are met or until the expiration of the relevant futures or options contract.
In the case of Upstox GTT Equity Delivery orders, they have a validity period of 365 days i.e. one year. Investors can utilize Upstox GTT orders to automatically sell their holdings when the specified price targets are reached within the span of one year. However, if the price targets are not met within this period, it will be necessary to place a new Upstox GTT order in the following year to continue monitoring the desired price levels.
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Conclusion
Upstox GTT (Good Till Triggered) orders provide traders with a convenient and automated way to execute trades. With the ability to set stop-loss and target orders, traders can protect their investments and take advantage of potential profit opportunities. By following the simple steps outlined here, users can make the most of Upstox GTT orders and enhance their trading experience.
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