4.15What is a GTT order?
1What is it?
A GTT (Good Till Triggered) order sits with your broker (for up to a year) and is sent to the exchange only when your trigger price is hit.
2Why does it exist?
Normal orders expire at day end. GTT lets you set long-term buy or sell levels and stop-loss/target pairs (OCO: one cancels the other) without re-entering daily.
3Diagram
9:41GTT order●●●
TCS · NSE
Current price₹3,000
Trigger type: Single
Trigger price₹2,850
Limit price₹2,845
Quantity3
Valid for1 year
Place GTT
Order is sent to the exchange only when TCS trades at ₹2,850.
Illustrative screen · prices are made up
4Risks
- A GTT triggers once; if the order then doesn’t fill (gap), it may not retry.
- Your funds or shares must be available when it triggers.
5Quick revision
- GTT = trigger stays active up to ~1 year.
- Great for long-term buy/sell levels.
- OCO GTT sets stop and target together.
6Knowledge check
Q1. Where is a GTT stored before trigger?Show answer
With the broker, not on the exchange.
Q2. What is OCO?Show answer
One Cancels the Other: a stop and a target where hitting one cancels the other.
Q3. Does a GTT guarantee execution?Show answer
No. It only sends an order when triggered.