How are stop-loss orders handled in GTT Orders?
Stop-loss orders in GTT come with a default price protection of 3%, which can be adjusted between 1% and 10%.
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What is a Stop Loss order?
A stop-loss order is a buy/sell order placed to limit the losses when you fear that the prices may move against your trade. For instance, if you have bought a stock at Rs 50 and you want to limit the loss to 45, you can place an order in the system ...
What is my responsibility regarding pending GTT Orders?
You are responsible for checking your pending GTT orders before placing new orders for the same script. If you convert positions from Intraday to Delivery or vice versa, you must cancel any connected stop-loss/target orders.
How does a GTT Order work?
A GTT (Good Till Triggered) order consists of: - - Trigger Price: The price at which the order gets activated. - Limit Price: The price at which the order will be executed. - Stop-Loss/Target Orders: Optionally, you can set stop-loss or target ...
How many GTT orders can I place for one account?
You can have a maximum of 200 pending GTT orders at any given time.
Are there any restrictions on using GTT Orders?
- Call & Trade: GTT orders cannot be placed via Call & Trade. - Order Limit: A maximum of 200 pending GTT orders can be placed at any time. - Gap Openings/Circuit Limits: GTT orders may be rejected or canceled under certain market conditions, such as ...