Upstox GTT - Good Till Triggered Order Features, Charges, Validity

Trading requires a regular check-up on stock price movement to place an order at the right time to book profit targets and avoid losses. However, in a busy schedule, traders or investors may find it hard to check their trading app consistently, which in turn, if the stock price moves in the opposite direction, they may panic to sell trades at losses to avoid further losses however, prices may again went up later. Upstox has noticed such challenges faced by traders and investors and launched Upstox GTT order – Good Till Triggered order. Now, users can place the GTT order using the Upstox Pro app, considering their profit targets or maximum loss bearing capacity. Once the entered price gets triggered, Upstox will automatically place the relevant order on the exchange and send a notification to customers. GTT order in Upstox is available across segments i.e. equity intraday trading, F&O trading, and delivery trading. The article covers an in-depth Upstox GTT Order review that provides all the required information that all Upstox users must know; GTT order charges, order validity, How to place a GTT order in Upstox, and more.

What is GTT in Upstox?

• GTT here stands for Good Till Triggered, an alternative to Good Till Cancelled (GTC) order. As the name itself, it is an advance order type that allows customers to define their buying and selling price, profit target, and the maximum loss capacity. As soon as the buy or sell price gets triggered or matched, the relevant order will be placed on the exchange and notified to users. Thus, it is an excellent trading feature, particularly for inactive or less active traders or traders who do not have time to track the market regularly.

  Whether you are an F&O trader, intraday trader, or trades in the equity delivery segment, you can place a GTT order in Upstox anytime. The feature saves a lot of time by allowing users to free themselves to check trades placed every time and place orders every day. Thus, GTT Upstox provides a stress-free trading experience to users.

Upstox GTT Order charges

• GTT order facility in Upstox is available for free at zero charges means Upstox customers can place GTT orders for the required segment at Rs. 0 charges or fees.

Upstox GTT Order Validity

Unlike market and limit orders across segments, which are valid for a trading day, GTT orders have different validity based on the trading segments.

• GTT Intraday order is valid for a trading day or remains active during the entire day of order placement.
• GTT F&O order will remain valid till the contract expiry date.
• GTT Equity Delivery order will be valid for one year or 365 days. Investors can put a GTT order in Upstox to sell their holdings automatically when price targets are met within a year. If targets are unmet then you have to place GTT again next year.

How to place GTT order in Upstox?

Upstox has launched the GTT feature on its mobile app and it is currently unavailable on the website. Upstox customers can log in to the mobile trading app and place GTT orders online.

Steps to place GTT order in Upstox app:

1. Log in to the Upstox App.
2. Add the scrip to the watchlist, you want to place GTT for.
3. Select "Buy" or "sell" and click on the "GTT order" tab.
4. Enter the quantity and select the product type, "Intraday" or "Delivery".
5. To purchase or sell shares above the current price, tap on the "Above", to place an order at the current price, click on the "Immediately" or to place an order below the stated price, press on the "Below" option.
6. Click on the "Review" tab to place a GTT order successfully.

Upstox 3 leg GTT Order with Stop-Loss and Target order

Upstox users can place a 3-leg GTT order means a purchase order can be placed along with 2 other orders; target order and stop-loss order. Once you clearly define your trading strategy, set targets, or maintain a stop-loss level then you must create a Upstox 3-leg GTT Order to free yourself to track prices every second.

Steps to place Upstox GTT order with stop-loss order and target order;

1. Log into the Upstox account.
2. Add the company or F&O scrip to the watchlist.
3. Select the "Buy" or "sell" order type.
4. Click on the "GTT order" tab.
5. Enter quantity and choose the product type as either "Delivery" or "Intraday".
6. Select among "Between", "Above", or "Below" options as per your requirements.
7. Tap on the "Add Stop-loss, target orders" toggle option.
8. Now, you can enter the % in stop-loss and target profit fields. Here, you cannot enter below 0.25%.
9. Tap on the "Review" option to place the 3-leg GTT order successfully.