Introducing GTT – Good Till Triggered orders
I am happy to announce a long-awaited feature, GTC, but even better. Introducing GTT (Good Till Triggered) orders.
GTC orders
GTC (Good Till Cancelled) orders are orders that are valid until cancelled. They are most commonly used for placing long term stoploss and target orders. Offering this has been a challenge because exchanges in India don’t support this feature; all pending orders are cancelled by the exchange at the end of every trading day. The few brokers who do offer GTC, essentially re-place all the pending orders which were cancelled by exchange once again on the next trading day. This is not a scalable solution.
We have developed an innovative alternative to GTC that offers all of its features and more. Not only can you place single-leg triggers to enter or exit stock holdings until your price condition is met, but you can also simultaneously place target and stoploss (OCO or One Cancels Other) for your stock holdings.
Creating GTTs
On Kite web, click on the context menu (marketwatch, holdings, positions) to see the Create GTT option.
Creating a GTT on Kite web
On Kite mobile, click on any scrip and click on ‘Create GTT’ on the right.
Types of GTT
Buy GTT
Buy GTT can be used to creating triggers to buy stocks for delivery. When the trigger price is hit, a buy order with the entered limit price is placed on the exchange.
Consider the example in the image below:
Current price of Reliance = 1485.30
Trigger price = 1500
Limit price = 1505
In this example, if the trigger price of 1500 is hit on the exchange, a limit buy order at 1505 is placed. Since the limit price is greater than the market price, the order behaves like a market order and executes at 1500. However, since this is a limit order, it won’t be filled at a price above 1505. The reason for having a limit price higher than the trigger price is to ensure that the order is executed when triggered and doesn’t stay pending and get cancelled.
Buy GTT — Single
Sell GTT
Sell GTT is used to exit current stock holdings, either just a target order or both stoploss and target where triggering of one will cancel the other (OCO).
Sell GTT – Single:
Consider the example in the image below:
Current price of Infy = 785.70
Trigger price = 799
Limit price = 799
In this example, if the trigger price of 799 is hit on the exchange, a limit sell order at 799 is placed. This order will be executed if you have the stock in your demat account and a buyer is available.
Sell GTT – Single
Sell GTT – OCO (One Cancels Other):
Consider the example in the image below:
Current price of Infy = 785
Stoploss trigger price = 700
Stoploss limit price = 700
Target trigger price = 800
Target limit price = 800
In this example, if either trigger price of 700 or 800 is hit on the exchange, a limit sell order at the corresponding limit price is placed. This order will be executed if you have the stock in your demat account and a buyer is available. The other trigger is cancelled when one is hit.
Sell GTT – OCO
Using percentages to set triggers
You can also easily set your GTT triggers at any desired percentage points away from the LTP. Consider the example in the image below:
Current price of Infy = 793.65
Stoploss trigger price = 674.6 (-15% from LTP)
Target trigger price = 912.65 (15% from LTP)
You can simply change the percentage value below the ‘Trigger price’ field (positive for target and negative for stoploss) and the trigger price will automatically be set to that level. You only have to enter the limit price.
Setting triggers 15% away from LTP
GTT for Nifty and Banknifty F&O
Updated May 4, 2020
We have now extended the GTT feature from to include Nifty and Bank Nifty futures and options. You can also set the target and stoposs as a % of the price at which your order will get traded while placing the order itself. This feature is currently available on Kite web and will be launched on the mobile app soon.
In the image below, while placing a buy Nifty May Futures market order, an SL and target of 1% are set. What this means is that whatever the price at which the market order gets executed, a sell GTT is placed at 1% above and below that price. If either one of these gets executed, the other gets cancelled.
Setting SL and Target while placing a Nifty futures market order
Managing your GTTs
All GTTs placed you place can be managed under the GTT tab on the Orders page of Kite.
GTT Tracking
Margins
You don’t need to have any cash or margins available in your account to create a GTT. The system only checks for margins when the GTT is triggered and an order needs to be placed on the exchange. You will need to have margin available only then.
Validity
- A GTT is valid for one year. If it isn’t triggered within one year, the GTT will be cancelled. You will need to place the GTT again manually if required.
- A GTT trigger is valid only once. So, if an order fired by a GTT is not filled at the exchange for any reason, you will need to re-place the GTT order manually.
- Whenever there is a corporate action, like bonus, dividend (if greater than 5% of market value), stock split, etc., the GTTs for the corresponding stocks will be cancelled before the ex-date. You will have to re-place the GTT manually after the corporate action. These GTTs are cancelled to ensure that the order is not triggered by the movement of stock price due to the corporate action.
Important to know
- When a GTT is triggered, and order is placed on the exchange, it is executed only if the limit price order placed is filled on the exchange. To be guaranteed of execution, make sure to place your limit price higher than the trigger price for buy GTT orders (acts like a market order with the protection of your limit set), and sell limit price lower than the sell trigger price for sell GTT orders. The further away from the trigger, more likely to be guaranteed execution.
- All orders will be triggered and placed only during market hours.
- Orders placed at the exchange by GTTs that trigger will only be filled if you have enough funds for buys and if you have enough stock in your demat for sells when the order is placed on the exchange.
- Our dealing desk does not support GTT; you will have to place, cancel, modify these on your own.
- A maximum of 100 active GTTs is can be placed at a time on one account.
- Sell GTT orders triggered on your equity holdings will not go through as you need to authorise the delivery of your shares using CDSL TPIN. This is not applicable, if you’ve submitted a POA.
Free for use
There are no additional charges for using the GTT feature.
Help us spread the word by letting all your friends know about GTT. It can help save time by not having to login daily to place orders and help save money by having a stoploss in place when an investment doesn’t go in the expected direction.
Happy trading,
Nithin Kamath
CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market ecosystem in India. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter. | Personal website: https://nithinkamath.me
Yet another milestone ! Cheers !
Great belated,much awaited addition. Good going. Congratulations.
then the price data and position data would be a big big advantage for playing on a bigger scale
Like many people have already mentioned in some of the forums, we desperately need decimal trailing stop loss feature. For low value shares…even the Nifty 50 top companies have pretty low value – take for instance Tata Motors. Here when we are forced to put only 1 rs as trailing stop, then temporary short covering or profit booking wipes out our entire gains before going back in the same direction.
Take today for example, there was a momentary turn around in Nifty and I ended up losing all the gains before the share went back in the same direction because my original SL didn’t get hit but my trailing SL got hit. If I had put .3 as trailing, then the SL would have been triggered yet giving me a profit.
+1 Agree Trailing sL is needed
Trailing SL is considered an algo and wouldn’t be permitted.
No no, we aren’t asking you to add trailing SL on GTT orders. Our appeal is to allow decimal numbers as trailing stop loss in whichever segment or type of orders we have the feature of trailing SL.
zerodha chart not moving with the price or autorefresh . I have to refresh every minute manually , why this fuck is happening , already lost hard earned money with the help of zerodha technical isssue, yesterday now another new problem . Does zerodha take their customers seriously?? can’t able to intraday trading in 1 min::face_with_symbols_over_mouth::face_with_symbols_over_mouth::rage:
Hey Saurav, there’s no issue with charts today. Best create a ticket on our Support Portal if you’re facing difficulties.
If a ticket is created, you MAY get a call. For any reason, if you can not take the call, the ticket is CLOSED INSTANTLY. And then even if you communicate with the Zerodha, nothing happens. I have raised an issue about partial freezing of the charts, with the screenshot. Out of the 4 graphs open, two were not moving. The only option is to close the PI, delete BIN files and restart.
Now, any online trading the chart is very crucial thing. When chart showing the correct position on the time the trading very easy for traders. I knew that Zerodha considering and working and improving on these kind of problems.
On my side, I faced many time same SITUATION. When I watch an executed Buy order get on profit + other expenses, Then I try to do to put a sell order on that position, surprisingly it execute with a negative far range from this Imaginary position. The results are loss with double Dhamaka.
Plz add Heiken ashi Smoothed indicator.
and Renko Charts with wicks
Yes there should be a Decimal trailing stop loss as every single decimal matters. hope it is done soon.
Dear CEO Mr. Nitin,
Thank you so much for this. I stared using recently for buying options. now I’m able to control my losses by machine and sentiments, emotions are not in picture. I need to decide only how much loss i can bear. Usually the options returns are much more if losses have been taken care. I made great losses due to emotions. Thank you.
One Question-
Generally I do trade for intraday. and successful in closing positive, But if I carry forward an bought option for next day. and market gap opens in other direction then how SL trigger will act.
For example I purchased Nifty option at 100 with stop loss of 5% . i.e if option value hits 95 SL will trigger but what if on next day option price hits 90 or less at open on next day will SL trigger as it is set to 95? or it will wait for option price to hit back 95. If it is so then I wouldn’t venture to carry forward option as it may never hit.
Seek your advice.
and Thank you again for featuring this.
I am also always in fear of that in options if SL triggered and placed with NSE exchange but price run towards downside and SL not exucated, what will happen ???
more & more ….. unlimited loss I see on position…..now what to do ?? I tried to EXIT from potion but it creates new sell order ,but due to less funds saved me from ‘ new sell order ‘
luckily price came up in minutes and SL exucated.
but if price fall more than……my BP increased…..
WHAT WE SHOULD DO EVEN IN DAY TRADING OPTIONS
WHERE PRICE RUNNING LIMITLESS
pl.answer ,I would like to create ticket.
Any update for this?
Hello, if the SL price gets skipped due to gap be it carry forward or intraday, your position will remain open. The gap in due to there being no buyers in that particular price.
PS: I am not replying on behalf of Zerodha. I am a normal trader and sharing my experience. It is a very frustrating and unfortunate when it happens.
Hey Anish, for better execution, you can keep some difference between the trigger and limit price. So once the GTT is triggered, the limit order will execute at the best available price in the market. You can learn more about this here.
Dear Sir i Was awaiting this of future since long back. we are working people and small investor and always can not watch the market, Hence It is very useful future for us. lot of thanks to zerodha team and who taken this kind of initiate. kindly note keep reasonable price. so that small investor can use it efficiently.
Thanking you
hi,
Could you please guide that if someone places a GTT order and next moment he thought of cancelling it, how to do it?
Once the order is created, select modify order and you can cancel the order from there
I have placed GTT Order and it executed, later on changed my mind so exited. Now please tell me will it execute again once GTT hit?
No, a GTT can be triggered only once. It won’t execute again.
i have placed a GTT order but i cancelled it after some time but it is still showing active. Can u say why?
how to delete GTT order
Yes how to cancel a GTT order. If the Interface does not support such basic functionality its useless.
Did u find how to cancel a GTT order?
I am looking for this as well. I exited a trade manually on which gtt was already triggered but yet to be executed. Now gtt still is active and I see no way to cancel it
Hey Megha, once the GTT order is triggered, a limit order is placed, which will execute at the price you’ve specified or a better price, until then the order will remain pending. You can cancel the pending order from the “Orders” tab. More details here.
Congrtulations sir for GTT, but I think u need to launch OCO order for commodity same as UPSTOX is providing. Instead of cover order there should be OCO order….
Excellent!!! Very Good job by Zerodha Team..
I am a currency Trader (NSE-CDS).
I request/hope this feature to be facilitated for F&O trades also.
Thanks.
Looking into the feasibility of offering this for F&O.
Dear Team Zerodha,
Please add this feature in FNO also and that too on priority basis. It will be of great help for BTST tradesr like me who has to drop my daughter to school everyday at 9:00 am only. please listen to us!
Can Zerodha please confirm when this GTT option will be valid on Futures? I am looking forward to it.
Nithin Kamath, correct me if I’m wrong, but since Govt. waived neft charges, are you still charging us for withdrawals?
We don’t charge anything for withdrawals even now.
Why is charge being laid when money added via Net Banking ? UPI is free but there is a limit.
When you use netbanking, your payment is made via a payment gateway. The payment gateway provider levies a charge for the transfer.
The funds should be allowed to add by using Credit Card also in addition to UPI and net banking
Actually that is not upto Zerodha to decide. You cannot use the money in a credit account to pay for a financial instrument. So you cannot even pay for Mutual Funds using credit cards. It is a SEBI rule or RBI rule or whatever rule I don’t know. But I know for certain that there is some rule like that.
ok if not credit crd allow debit card
Sare bay nahi horha he
Good feature, but why only free for 3 months, this feature should be available for free? If you want more people to use zerii don’t keep anything free only for limui time please!!
But why charges for GTT after 3 months ?
This is extracting more money.
Sharekhan and Icici offers free GTT
Hey Sampat, while other brokers may not charge for the GTT, they do charge brokerage for the order once it’s executed, which isn’t the case with us. Also, there is a cost associated with maintaining the GTT on our system, hence the proposed charge. I can assure you though, the charge will be reasonable. 🙂
Suggestion: Allow more active GTTs such as 100/200 etc and charge a yearly subscription. I’d be happy to subscribe if reasonable.
Hey Vikas, we’ll look into the possibilities.
what are the charges for GTT feature?
Hey Venkatesh, there are no additional charges for using GTT. Charges will be the same as explained here.
Great initiative, this will help us setting SL for positional Stocks. But how the system deals with gap down in case of Gap down.
Hello sir. While fixing price kindly think of people who invest in small amount. It will be a big help for them if the pricing pattern is compatible with their investments.
Is it applicable for mobile app
Not right now. Will add it to the Kite 3 mobile app soon.
How one can cancel or modify GTT order?
The multiple trades setup may be advantageous in some circumstances, but overall – I am saying this after using your platform for months – that the disadvantages outweigh the advantages. For one thing, it causes so much clutter and becomes next to impossible to manually track down every trade in haste. Second, when we have to quickly exit when the market goes in a direction we do not want it to, we will have to manually change the targets in 500 trades. The only option left is to exit it. That is quite dangerous because during rapid falls, we end up with disastrous losses when all trades get executed at market prices. Falling markets always retrace by the next candle. Isn’t it high time you provided an option to edit an entire order in one go? Or get rid of this setup of multiple trades, multiple stoplosses and multiple exit orders altogether. Take for example a few days ago I accidentally placed a buy Limit instead of Buy SL and the godforsaken thing created 50 trades. On most other platforms, I would have had to only edit it quickly once and sell at .05 rs less. But here I didn’t have that choice and having used full leverage, I lost 15k in seconds as I exited the whole order. I don’t think anyone ever likes this useless setup. This is not the first time this has happened. As luck would have it, the very second I realised my mistake and decided to exit, Nifty began to make rapid freefall and the market order itself executed at as low as 1% below my order price in a matter of SECONDS!!!
Besides with almost all brokerage companies now offering fixed brokerage or 0 brokerage plans, this sham setup proves costlier to traders in terms of brokerage. Meaning if the system splits one order into 100 trades and charges individual brokerage on each of them, that can be viewed as deceptive marketing of a ‘fixed brokerage’.
I agree with Mr Bhander Singh. I have lost more than 10 lacs. i have faced many times this type of problem and after reporting yo helpdesk not encouraging answers I got. They don,nt bother when yr hard money will stay or vanish in second. i was in profit of Rs 65000/- when I pressed Co order exit button my profit came down to Rs 5000/- very sad. many times they squared my position too early as used to put margin money regularly. Very sad.
Oh I am not even talking about unrealised profit that is lost. Here I am anyway in losses already. So any money going negative is my own money. Today for instance, kite web page began to hang. I accidentally changed the SL order instead of SELL order to a suitable number for quicker profit because the morning session was volatile. Obviously the trade got executed immediately because the prevailing price was much lower than the SL price
Wht happens every single time is that the trade trails in green but begins reversal and before getting any more losses I want to edit the trade rather than let it hit stop loss. Today there was such a maddening movement abruptly even though until noon, scrips showed signs of bullish momentum with a lot of volatility. Every buy order hit stop loss in matter of minutes. 🙁
I’m using Zerodha almost 1 year and feeling that something is wrong. The brokerage calculator is showing the amount different from the actual deducted amount. The brokerage is some kind of mischief.
Yes, I have observed this in the recent past and I they are charging us very high brokerage on the whole. Yesterday(07/25/2020) they charged me INR4000/- . I feel they are cheating us in some way. Better to move away from this platform if going to get into serious trading.
I was exactly looking for this feature, no more need to place active stop loss orders daily. Kudos to team zerodha for another successful achievement
Sharekhan is offering the feature from last 10yrs for free. No extra charge is taken for such transaction. I was stunned in beginning this feature is not provided by zerodha. They provided it now but with fees in coming months.
Anyway good addition. Congrats
Its great concept for saving time and planning buy &sell. I hope the charges after free period don’t burden small investors.
Very nice to have this novel facility at Zerodha. But the announcement of announcing pricing after three months make me little dejected.
nice update thank you
is it possible for buying option also???
Not right now, but soon.
sir
i feel much more relieved as i do not login daily and ended up making losses inspite of being in profit.
but at least you must see that the charges are below intraday charges.
thanks
Sir,
Is it possible to write all chapters like GTT, SMALL CASE IN HINDI LANGUAGE?
IT will very useful for all…..
SG
Plz introduce GTT order in equity future and mcx future also it will be helpful in trading.
We’re working on this.
Any Update on this when is MCX gtt coming ?
How can you cancel a gtt biy order which has triggered today at 1000 bit it still has not been executed but it’s blocking my available margin.
Please cancel my already triggered
GTT order from your side immediately and release my margin money
My client id : MT7456
When a GTT is triggered, a normal limit order is placed. Do to the orderbook and cancel it.
It is very good , I already mailed for this feature so far – however still BO is blocked -i don’t think any particular reason – it must be availed to customer benefits
Explained here.
How can cancle gtt order
thanks for adding one more useful tool
gtt how maney days free it any limit for orders
It is free until further notice. We have a limit of 2000 orders per day per account.
Fantastic
Its going to save so much money of small investors which they loose due to mkt volatility…
Hi, I was just wondering if a GTT can be placed to short a trade. Is it possible to sell a script which is not in your holdings/positions using a GTT?
you can place a short GTT order for a F&O contract and it’ll work. However, you’ll need to have margins when the GTT is triggered. If you place a sell GTT for a stock that is not in your holdings, it’ll simply get rejected when triggered.
Is it mandatory to sell the stock in the same exchange from which it was purchased or can be sold on any.
You can sell the stock on either exchange.
Dear Sir,
It’s difficult to excute GTT of SELL order as it’s required CDSL TPIN.
once order is triggered it doesn’t executed automatically at target price due barrier of TPIN.
We required to place seprate sell order.
Is there any alternative method to execute sell order automatically once define in GTT.
You can pre-authorise all your holdings and then place GTT. Use the “Authorise” link on the top-right of the holdings page.
When the holdings are pre-authorised, how many days is the pre-authorisation is valid? If it is valid for only a day, then it is of no use as we need to pre-authorise daily (same as placing gtt again).
Hi Nitesh, CDSL TPIN authorisations are valid for only 1 day, however, you can send a DDPI and POA to skip placing CDSL TPIN authorisation requests every time you place long-standing orders like GTT.
HOW TO CANCEL GTT
Go to ‘Orders’ tab/section on Kite. There is another tab/section named GTT. You can see all your GTT orders and modify/delete them.
Thanks for GTT feature. I want one clarification. You said gtt sell order can be placed if you are having it in you account. Can’t we place a sell order for future to creat a short position for trading? And then place buy occ order.
Second point is can you provide GTT order for intraday also that is MIS. Anyways in few months margin for both is going to be same so there won’t be any difference between overnights and MIS Orders.
Thanks
For Experience only
Allow bracket order also
How to cancel a GTT OCO after it is Triggered. Cancel option is not found in the menu. Thank you.
Hey Rajendra, the order placed once the GTT is triggered can be canceled from the orders tab, (if not already executed).
How does the Buy OCO order work ?
Hi,
after GTT order got triggered when will come holdings
Hey Raj, all shares on the day you buy using CNC product type (for delivery) show up on the positions tab and will show up under the Holdings tab from T+1 (trade day +1) day.
Dear ZERODHA, Please clarify my doubt regarding the GTT orders. Consider that I placed a sell order in GTT for a quantity of 100. Consider that order got triggered and there are buy orders for only 50 shares in my price bid range. In that case will my order get executed partially or will the order get cancelled? (In short, will there be partial execution of orders possible in GTT?)
Superb initiative for new traders who are in the learning phase. You people are doing great job…
Gtt order system is good
But number of order Limit
100 not safisin
Please try to unlimited
How to cancel a GTT
Hi Sunil, once the GTT is triggered it will become inactive and will be automatically removed from the GTT tab. The order placed once the GTT is triggered can be canceled from the orders tab, (if already not executed).
It is very very ,good intiation, Thank you sir.
pls clarify , if I placed buy order ,is fund will be blocked for the same? If no , it is very good .
No fund is blocked when placing the GTT. Funds or stocks need to be present only when the GTT is triggered and order is placed.
We required Nifty Future rollover option as well. Is it possible to enable?
If gap up or gap down opening will be there whether GTT will work. Suppose i bought a share for 1000 and I placed GTT target 1040 and price 1050 for sell. If next day this share open for 1060 then at which price the share will sell?
If you have a target order at 1050 with trigger at 1040, the GTT will be triggered in the morning when the stock opens at 1060. This will place a limit sell order of 1050, which will act as a market order and sell at 1060.
in the same way if a stock open below the stop loss will it be sold at the current price.
No, if the stock opens below the SL, the order is triggered and placed and waits for the price, since in this case, the limit price is above the market price.
In your illustration u show the trigger price is high and limit price low for buy GTT but later u mention it oyher way ie to keep the limit price higher than trigger for confirmed execution of orders while buying….I m confused pl clarify
Hello Nithin, It’s a much-awaited feature! Thank you!
However, I think MARGIN/FUND requirement is STILL a big and practical limitation for BUY orders. As it will force you to either (a) keep the required fund for wks/months or (b) keep checking your GTC and stock price which defeats the GTC order purpose.
Can I request you to allow execution of GTC orders worth X% (20-40%) of one’s holding?
This will generate a WIDER ADOPTION of GTC (BUY) orders.
For SELL orders, it’s undoubtedly a big relief as I don’t need to logon often and check daily price.
The biggest use case for GTT is placing longterm stop-loss or target orders. These are essentially sell orders. For buy orders, what you can do is place the trigger a few points above the limit price. As soon as your order is triggered, you’ll get an email and can transfer funds. We will look at what is possible with respect to enabling these buy orders on our end without the requirement to hold funds.
I completely agree that Margin for buy order needs to be sorted out as otherwise completely kills the purpose for GTD/GTC/GTT
Sharekhan has handled this smartly. You create margin by putting some shares (no charge for creating margin) as this is just temporary. When order gets executed you have 2 days to settle. If you don’t than all types of charges come in picture as sharekhan has to sell blocked shares etc…otherwise its just a technical arrangement.
In Zerodha case, I even don’t mind to settle within 24 hours, if some similar arrangement is done. But purpose should be that GTT buy get executed at target/desired price.
Will look into what’s possible. Not sure if we’ll be able to fund your purchase. We could, however, set up a system that alerts you when the price is close to your trigger.
Hi Team Zerodha, Is it possible that I keep the GTT Buy Order amount in my linked account and you auto-debit the amount when triggered. Some sort of ECS arrangement can be workout. Kindly have a look as it will help us make the best use of the new feature. All the best. Good work.
Will look into the possibility of doing this. Currently not possible though.
Hi Zerodha Team, GTT is a great feature, – will it work if I keep the GTT Buy Order amount in my IDFC 3 in 1 account so that when the order is executed, Zerodha can pull the funds ( since POA is is place for 3in1 IDFC account ? ) Appreciate your guidance, Thank you !
Can alert be SMS or Email? We should get sufficient time to bring in funds before triggered buy order fails due to lack of margin.
It doe not make sense to keep funds in broker account…
I think till this is sorted out. GTT on Buy order won’t make much sense.
We send an email alert when your GTT is triggered already.
Dear Nitin,
There is no use of many applications until and unless it is being used by clients. Please strengthen yr help desk and other marketing Relationship Managers to train the active clients for effective use.
Put some well qualified/trained people at help desk , they are not courteous and wise to handle highly educated clients.
While squaring of the position, pl do not levy call-n trade charges. it should be free like other brokers are doing. Company may not be benefited much by this tiny amount.
I requested many times your help desk for guiding me to operate the software/app but all invain, resulted in loss of more than 5 to 8 lacs in experimenting for kite web order placement . still I got confused many times in CO order pacement and modify a bit more confusing. Here in summary I say that I have learnt on order palce by losing/spending on lakh hard earned money at this age of 56yrs. Very sad.
I would like to suggest, a fixed relationship manager may pl be provided for each client to clarify their doubt and help in placing order/modification.
with regards
kkr
Rule#1. Never experiment with more money when you are still learning.
Rule#2: Never forget rule# 1
Most of the new entrants to trading close their accounts due to losses in 6 months of opening an account. They want to make right from day of opening the account. In reality this does not work that way.
Very nice ,was waiting for it since long time
Thanks for all you team events tags highlight trading pannal
Great announcement by Team Zerodha today. Today is my birthday as well so I’m quite happy to hear good news from our Zerodha. It’s a challenging decision and proud to say that I’m doing my trading with one of Classic brokerage firm. And it’s always ready to take-up new researches to our customers with transparency manner. I felt like its my own brokerage platform while doing trading in market. Thank you Zerodha and Nithin sir and obviously deserves victory for Team Zerodha…..!!!
Very good feature for investors. Kudos to Zerodha team.
Congratulations Nithin Sir& zerodha team ..!!A wonderful invention which i think traders will surely like a lot .Kudos ..!!!!
Please launch GTTs for futures also…
Hi Team, I would like to request you to introduce a feature on zerodha where we can download the scripts which we have entered on our terminal. It would be helpful if the scripts on the 5 sheets provided could be downloaded into microsoft excel format. Please work on this feature.
Kudos to Zerodha team.
This is really awaited feature for me…One more suggestion- Can you plz allow user to add couple of columns on portfolio page for self tracking. It will give good handy instead of maintaining separate excel
Kindly introduce systematic equity plan option in zerodha. Ao that we can place monthly purchase of small qty of stock
Great Work !!! Very Much Needed Feature. Will really make life simpler. Bravo to development team.
IT MAY HAVE AN ADDED ADVANTAGE IF CLUB WITH AMO(ESPECIALLY FOR THOSE WHO DID NOT GET TIME IN MARKET HOURS)
I think you can place GTT at any time. Even after market hours. It will be triggered once the price is reached.
Great improvement. Is it possible to trigger price based on technical indicators please?
For example : If EMA(5) cross EMA(10) (or EMA(5) is greater than EMA(10) ) for a particular stock, Buy order (CNC) should be placed.
Streak hai na uske liye..!
Streak only gives notification, it don’t submit buy/sell order….
Such orders would be considered algos and each strategy would require separate approvals for the order placement to be automated.
Long-awaited and BHALO feature to have.
Yo Nitin!
LOVE AND RESPECT
Very useful feature to build portfolio and to save capital of the existing portfolio. As it is difficult to individuals to track the market on daily basis, this feature helps a lot. Good going. Congratulations to the team on successful addition of this new feature. I hope that the pricing will be nominal post three months.
Hi nitin, congrats for this milestone.. I also want to place option orders based on the underlying security. Pls provide this feature asap…
Suggestion:
For Sell GTT window – it will be great if the quantity is picked up automatically from the holdings. User can then decide if he/she wants to sell the entire quantity OR part of it.
For Buy GTT window – it will be great if there is an alert if the quantity is not supported by available balance. User can then ensure that much amount is available before the trigger price is hit.
Yep, on our list of things to do. The Buy GTT bit, we will not know when the actual order will get triggered, the balance need to be present on that day. In any case, you will get an email (which will act as an alert) when the order is placed, you can quickly add funds and replace the order in case the funds aren’t available on that day in the trading account.
Nitin, Whenever I try to log in at zerodha.signup.com to get ECN. After entering my phone number and OTP, the website shows unable to login. Please solve this issue.
Hi Nitin,
Now a days you know that due to restriction / freeze in quantity for Nifty 50 FUT we will have multiple orders when we want to trade in bulk,
now for each order ( e.g 1800 / 2800 etc.) there would be a GTT on both buy and sell baskets.
before taking a position – This is suggested to delete the existing GTT’s manually each ‘one by one’ which is a painful task , and also time consuming and risk prone due to delay in next trade taking.
There should be a feature
1. To be able to cancel ‘All’ GTTs in a single shot by providing a checkbox and ‘select all’
Also if this possible that system deletes the GTT associated to any open position if we square off the position, then in that case we even dont need to delete any GTT manually.
Please think about it and incorporate at the earliest as this is becoming a non-productive manual task(non-productive).
Rg,
Chandan Roy
Happy to hear this… Kudos Team….!!!
“The few brokers who do offer GTC, essentially re-place all the pending orders which were cancelled by exchange once again on the next trading day. This is not scalable.”
So how is Zerodha implementing this? Who will place the order on trigger? Is it an algo? Please elaborate.
Like mentioned in the post, triggers are maintained at our end, the order is placed on the exchange only when the trigger condition is met. Think of it like how a stop-loss order works today. The actual stoploss order is placed only if trigger is met, until then the main order is not really placed on the exchange.
Whats the point of charging extra for OCO orders after 3 months?
revenue i guess? zerodha is a business.
I think when Nitin sir get invested money get back after charging make it free again. So small investors with 1 to 100 shares invested in penny stocks get more benefited when his decision becomes against his order.
No point charging after 3 months. after all we are going to trade. and trade gets you money.
We don’t charge anything for delivery trades, so there’s nothing we would make on the trade. Hence the planned charge for GTTs.
Good step again by zerodha…. kudos.. it will make the investors more disciplined…
Is this feature available for api ?
Not as of now, if it is added will update api clients accordingly.
Hi Team,
Is GTT and OCO available in mobile app?
Regards,
Jayakumar S
As mentioned in above post they will be added in mobile app in coming days.
Happy to know this.
However not happy with charging after 3 months
I think when Nitin sir get invested money get back after charging make it free again. So small investors with 1 to 100 shares invested in penny stocks get more benefited when his decision becomes against his order.
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I suggest to have a free tier plan with limited number of GTTs (like 20-25). Paid plans may have larger number of GTTs or even unlimited GTTs. Remember, each of our GTT will consume some resources on zerodha infrastructure. Zerodha will have to charge for better scalability.
sir but at least you must see that the charges are below intraday charges
This is a wonderful feature. I have a suggestion. When I go into GTT orders from Holdings tab, it would be advisable to show the current stock ( for Sell Orders ) so that I can choose what quantity I want to sell. By showing the quantity as 1, we have to go back to Holdings page every time we forget the quantity of stock we have. Please see if this can be implemented. Just show the stock in the GTT window for information. This will also help us place multiple GTT orders ( Sell ) at varying price points. Thanks once again for this wonderful feature.
Suppose I placed Infy buy @ 700, Infy close today 710, next morning open down @ 680. Then my order execute @ 680 or not
If your trigger is at 700 and next day if market opens at 680 then your GTT will be triggered and limit order will be released as per your pre defined price. Execution of order is dependent on the price you have given in limit.
In case the trigger and the limit price is both 700, then as the LTP is currently 680 which is less than limit price, it will get executed as a market order at 680 and the shares are bought at 680
In the GTT Tab on the orders page, the quantity of the GTT order is not being shown. Any specific reason?
One can click on status to view full details.
Hi,
Can we edit the GTT parameters AFTER it is placed ?
Of course, from the orderbook. Check the last image on the post above.
Goto GTT order book and select options ( will come if u hover cursor next to instrument column) and use modify button to change parameters accordingly.
Great, Thanks for it. Kudos to Nithin ji n team members involved.
Great feature. Much awaited. Congratulations !!
I have gone through the details of “Buy” section. It only supports the price lower than the current one. Is there any way I can place an order at price higher than current in GTT?
For example. Current price of Asian Paints is 1476. I want to buy Asian Paints only if it crosses 1530. (because I see resistance at 1530. I plan to buy only if it breaks that resistance.)
Let me know if I missing something.
It does support, you can try placing it by yourself.
Yes. I tried and it works. Thank you !
Hi Tejas/Zerodha,
Can you pls tell me how to place such order?
Click on the “…” on the marketwatch or the holding and click on “Create GTT’.
Is it possible to create a GTT order after market hours?
I usually do all my analysis at night and enter my trades manually at 9:15, it would be nice to if i could enter all my orders at night.
Best thing about this is that fund is not locked until the trigger condition is met unlike other brokers.
Yes, one can place 24/7.
Zerodha why did not you come with an IPO? I want to invest in your co.
I want to place automated limit orders when the Best Ask Price goes below my set threshold. For example, when the best ask price (not traded price) of Infosys falls below 701. Can you introduce this feature?
Wow !
Proud to have Zerodha brokerage platform.
By developing GTT, zerodha has once again proved it to be NumeroUno
Instead copy cat of other service providers offering, this feature is a way ahead of what is already available.
Another First.
Kindly introduce systematic equity plan option in zerodha. Ao that we can place monthly purchase of small qty of stock
Kindly introduce systematic equity plan option in zerodha. So that we can place monthly purchase of small qty of stock
In our list of things to do.
can you tell me expected date
We wouldn’t be able to comment on a timeline right now, but I can assure you that it’s on our list of things to do. 🙂
Hi,
Great feature. Can you also add “market” order along with limit, So that execution chances will be higher.
One can mention price little far to trigger in limit order so that, it can act as market order.
Yes, But that still doesn’t guarantee execution in volatile markets.
+1 for this. ‘Market’ order is definitely needed here. The hit rate of execution is too bad as of now. Hope this is taken up on high priority.
Great !! Yet Again.
Zerodha is going the Apple way. You are delivering more than we have asked for. I agree, GTT is better than GTC.
One request, if you could extend the OCO feature to Intraday order, that would be really great.
Thanks and Kind Regards
Sanjoy
Good One.. but why would you charge for that sir. It’ll be nice if you include that charge as part of AMC and not sell it as a product. Having this feature is really good and helps saving time and money so please think of it and give this feature for free and do not charge.
I agree, it would be great if you can offer this as part of AMC but not charging it separately.
Nene and Vinayak
I support you!!!!
But my one more suggestions is
I think when Nitin sir get invested money get back after charging make it free again. So small investors with 1 to 100 shares invested in penny stocks get more benefited when his decision becomes against his order.
Nice work
Much awaited way of placing an order ..introduced now…cheers! ICICI Direct has been doing this for a while. The price should be part of the existing brokerage rather than an extra addition.
Near the GTT Beta – A tentative figure mentioning extra fund addition (MAX) required for order placement if all present triggers are executed. This will help the user plan his funds better.
Brokerage* I mean AMC
I think when Nitin sir get invested money get back after charging make it free again. So small investors with 1 to 100 shares invested in penny stocks get more benefited when his decision becomes against his order.
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@Nithin, Thanks for making our job easy. It’s a great and most awaited feature. But can we have this feature for Future/Option contract, provided it will expire within 1-3 months? It will add a lot of advantage for people trading in FO contract.
No plans for FNO, also objective of GTT is for investors who can’t track investments daily.where as FNO needs active management and one can use AMO.
Many congratulations on this wonderful feature.
You must consider it for FNO as AMO is not a replacement for OCO.
With a trailing stop loss the sell order gets executed for a lower rate, whereas with OCO it can get sold at the hi
Will look into the possibilities.
Great feature. I was waiting for it so long. But we are not able to place GTT on FNO futures as of now. Will this be implemented later on them?
No, it won’t be available for FNO, one can use AMO for fno.
Pls add trigger price for placing orders. If the trigger price comes than only the order will sent to exchange.
That is exactly what GTT does.
First of all, Thank you so much for adding this much awaited feature. I have opened another brokerage account just for this and came back to Zerodha because of their ugly/unbearable UI 🙂
Not sure its too much to ask, but it would be great to combine entry+sl+target as a single form.
Can we place sell order (GTT) before my buy order(GTT) triggers?
Yes, you can. However, if you don’t have the stock in the demat account, the order will be rejected once it’s triggered because we only allow CNC orders for GTT.
Hi,
Looks good initiative. Tried today.
Is it possible to add Live price/LTP. This will make it very useful if we want to change the triggers after some time.
The LTP is shown on the top left of the trigger window.
Other companies who are offering it are offering it for free then why is Zerodha thinking of it as a paid feature. If you will keep on charging for features then I really doubt how long this company will be better from other brokerages.
then u can move to others brokerages … it is a free country and a free market.
Are you someone from Zerodha or someone poking their face in other matters. Dude whoever you are mind you own work and if you are from Zerodha then this is not at all acceptable comment from you.
We charge nothing for equity delivery trades, while others do. Also, our systems need to monitor your triggers constantly to ensure your order is triggered at the right time. This requires infrastructure that has a cost associated with it.
I think when Nitin sir get invested money get back after charging make it free again. So small investors with 1 to 100 shares invested in penny stocks get more benefited when his decision becomes against his order.
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Sir,
Request to upgrade Pi software in sync with kite. many features of kite is not available in pi.
make console link in Pi.
The team that built and maintains Pi (TradeLab, a separate company) has not planned any new features for Pi at the moment. Since Kite was built and is maintained by us, we would be able to add features more frequently.
i want to know that if gap up or down opening of a stock then what will happen to my order. lets say if palace a order to buy reliance at 1300rs which is trading at 1250rs cmp and next day stock open gap up say 1320rs. then in that case what will happen to my order , means will i get the stock at 1300 or my order will cancel.
Your GTT will be triggered at 1320 and order will be released to exchange at your set limit price.
my question is same:
like reliance LTP is 1162 and i placed order: trigger value 1170 & limit value 1171 and next day it opens at 1175, in that case my order will be placed at 1171 or not.
If it is a buy order, a limit order at 1171 will be placed. If it’s a sell order, it’ll sell at 1175.
Thanks Zerodha team, for incorporating this feature. Now on holidays (India or abroad), need not wait for internet connectivity for days together.
Most awaited feature Nithin bhai,
It would be better if this feature had been implemented with Trailing trigger price, it will combine the types of orders into single one and will protect the user against loss during down side move and/or will also protect from loss-in-profit during upside !
and, also why there is plan to charge for this ?
say, if user manually places similar orders everyday, would Zerodha charge for excess number of unexecuted orders ?
Excellent…Congratulations …Exactly the concept I thought and for this I wanted to develop my own application using your API…but your cost scared me……..Hope after three month…the cost will not scare us….Zerodha should remain as unique one and as along as human services are not involved, should not try to charge & recover brokerage indirectly.. This feature will help lots of us…who could not daily see the market but analyse the stock and take decision to safe guard capital and earned desired profit….again…thanks and congratulations…..
I think offering it for free won’t make us unique, we believe it’s the products. Every order will add load to our system and costs us. Even if we charge those would be minimal. Just wondering what made you think we do things to recover brokerage indirectly?
If this needs to be made paid then this should have more and more features added to it. Until that this is not a big sell for me. I wont take its premium subscription at all if this is only the thing provided to me.
Can this be used for Futures and MCX? Why charge an additional fee?
No, only for equity. Also every order add load to system and carrying them till they trigger costs us.
Great feature that was long awaited in Zerodha. Congrats !
It would be a good idea to implement a similar feature for Futures too. At present, positional future traders have the challenge of monitoring the positions and placing Target/Stop Loss orders every day, since Bracket orders are available only for intraday trades.
For now there are no plans for fno. Main objective of GTT is to help investors who don’t tract their investments on daily basis. I think futures should be actively managed so one can use AMO.
Thanks for the much awaited feature..
Why take money for individual features? Trying to follow the Apple model? Increase AMC if it’s not sustainable.
As a business, we’ve always believed in charging proportionally to the effort/cost that we incur for offering a service. Hence the flat brokerage. In the case of GTTs, we need to constantly evaluate your triggers to fire orders when they’re hit. Hence the charge would be for that.
Zerodha is innovative. And the new feature is quite good.
But recently the problem many traders are facing is the malfunctioning of your server.
I experienced it in yesterday’s MCX Evening session.
May be Zerodha should focus on improving or correcting the day to day glitches rather than giving its customers numerous features.
I think some dissatisfied customers started looking for another brokerage.
Don’t lose Customers, Arent they valuable?
Thanks for introducing this feature.
I have following query how can we use this GTT feature to place GTC order?
e.g. Let us say current price for a given Scrip is 87 and I need to place GTC order for limit price of 80 then how do I place this order with GTT feature, so that this order exists in system till this price is reached (say after few days)?
Could you please explain?
GTT is meant for people to place GTC like orders. Check out the examples in the post above to see how to place the orders.
NO GTT order is not GTC order as we cannot place order for lower price then latest trading price. So GTT order is not useful who wants GTC order.
Great work.. keep doing👍👍
I have placed GTT but I after placing order I am not able to view it. Please let me know where we can view all GTT orders and can we modify after placing GTT on any Stocks.
Hey Amit, you can manage all your GTTs from the orderbook on Kite. You’ll see a separate GTT tab as shown in the post above in the Managing your GTTs section.
Great … Wonderful. Iam waiting for it for long.
Dear Sir,
When you will introduce BO on Commodity.
Regards,
N.Venkateswaran
yes well said. hats off to u.
IS GTT available for Commodity also?
GTT is only available for equity delivery.
Great feature….. Can you please show 4 Hour chart option as well and when Kite 3 is coming to web?
4 HR option is already there. Select 1M at bottom
What a feat Zerodha & Nithin!! Truly laudable…..I firmly believe you folks make more than enough profit at Zerodha to keep it free forever…..
Is GTT applicable to F&O positions also?
No only for Equity delivery as of now.
I was much waiting for this feature. Why the extra charges for this? Very disappointing.
Lovely.
This is what is required and I was hoping that you’d do this.
Thank you very much.
P.S. : For your next improvement, request you to provide floating windows for 1. chart and 2. order/position modifications. The chart goes away when we want to modify order or position.
Pl do the same for commodity trades also
Is GTT applicable to F&O positions also? Or only cash?
I’m afraid not. GTT is only available for equity delivery for now.
Everything is nice in this article except the pricing. Why are you guys even thinking of this as a paid feature. This has been a limitation from the brokers and this should be a free feature. Come on!
Totally agree with you on this. They are explaining this as they need to have infrastructure maintained for this which is the reason they are charging for it. I mean what they want from us. They are being profitable and still showing these types of tantrums.
this feature is there in the market. and i have used it, somewhere since 2008.
congratulations ZERODHA finally for having it.
Beautiful!!
This is what we r waitingggggggggg and you have filled that empty space ..thxs now not worry
can we use it in commodity market for stop loss or target overnight.
For overnight SL/target, you can use AMOs. This is meant to place long-term SL/targets. Only for equity delivery.
Kudos Nithin, At last you made it..
Zerodha is the first Discount broker to have this feature, I guess.
I don’t understand why you need to charge for this feature. It is a useful feature and you as a broker should provide it for free to your clients.
Hi Zerodha Team,
This is a much awaited facility. Thank you very much. Are there any plan to extend this this to Futures as well?
Excellent, this was long overdue. Please extend to NRML positions as well.
Good work! Like ISRO you are reaching greater heights!
Have a question.
Since you are going to know all the orders sell as well as buy in advance, how do you ensure, the order info is secure and does not leak (or zerodha also does not trade against). This is very important as you are biggest retail broker and can alter the markets.
thanks
Good feature. This is helpful for CNC trades. but i believe CNC trades are not as frequent as Intraday and is used by investors hence not sure if they prefer to continue to pay monthly fee for GTT that they only use rarely. For example, if i put a GTT order to buy Infy after it falls 200/- then i dont know when will the rate come down by 200/- but i end up paying monthly fees till it comes ??
This may need to be re-looked at.
A very good point to be noted. Instead of monthly fee.Trade based fee be collected.
Pricing and its model is not announced yet, so dont assume paying monthly fees. It may be for orders placed. So you need to pay only when you place a GTT order. Lets wait to hear after three months and comment.
Need clarification..
Let’s say I have created a small case with my own set of stocks and have executed that small case. Now, I will have that set of stocks.
questions:
Can I use GTT on those stocks(small case) to sell?
If so, will I be charged for rebalancing of small case ?
thanks
A kind of long wish filled
Great sir . You hv done a great job
Will it be applicable for future and options also?
sir we expect this order in intraday aswell? and thank yu for this ….
Is GTT available in MCX exchange?
YES This is what I was waiting for. Great!! Thanks You.
Do I need to upgrade Kite for this?
This is showing Beta, Which is violation of exchange rule which said customer money need to be be safe by system. And Proper audit and approval should be taken before opening to customers. As one order canclled by exchange, So this is ALGO orders. Will you published the Approval status of this changed to Investor…. Any bug can mess the life of investor that is for sure.
Few is good, But money of Investor need to be protected……
Thanks For GTT, once again you proved you are the best in the industry. I was waiting for long time. But I would suggest not to make it Chargeable .
Thanks once again
Navnit kumar
Thanks for the efforts.
Request you to please keep the prices low for the same after 3 months
Much awaited from Zerodha. Thanks for adding this feature. The lack of this feature made me look for other brokers. Now I am happy that you introduced it.
Can we place this GTT orders after market hours
Can a SELL GTT order be placed on the day of Buying the stocks.
Eg: Today I place a Buy Limit order and if it gets triggered
Can I place a SELL GTT OCO order immediately.
KINDLY ADD A NEW VIDEO ALWAYS WHENEVER YOU ADD NEW FEATURES SO THATTTT OVICES CAN DRAW BENEFITS.
Completely agree. Please post an official video of placing GTT including that in options
Worth paying for but know your limits
But why will you charge for this after 3 months? It is a common, basic, feature in most international exchange. And the development effort for this is trivial.
If GTC comes with the trailing option, it will be worth to pay.
In OCO order, if on any given day, my SL trigger price is reached but Limit Price is not reached and scrip bounces back, then what will be the status of my GTT order next day?? Will it get cancelled or will remain as it was ?? Do i need to place fresh GTT order for the same ??? Pls clarify.
GTT will be triggered only once. If order is not executed it will be cancelled and one need to place GTT again. So, if one want guarantee execution give limit price such that it can act as market.For ex: if LTP is 100 and trigger is 90 and give limit as 100 so that once LTP is 90 order will be sent at limit 100 and it can result in execution at best available price.
Kindly bring it on f&o segment…
Hi Nitin,
I have been using Streak since last one week and it is an excellent tool to work with . It has helped novice like me to automate things and work efficiently.
I want to give feedback or need improvements on two below things which will help me become more effective
(1) When we create strategy; fields like Qty/Price/SL/Target should be there separately for multiple stocks .I should be able to fill these four data fields separately for multiple stocks and then execute that strategy and see backtest results for a month in one go only for multiple stocks.
(2)Secondly instead of receiving alerts for entry condition and than taking action , can’t we place orders straight away with actions by using SL-M option
If we create a strategy and deploy it than it asks for regular or BO. If we select “BO” than whenever entry condition is triggered, we receive alert and then we take action
Current scenario:
If we use ORB(15 min) strategy , than i know high/low of 15 min range. I have to wait for breakout to happen and sit till the time it happens.Once it happens i receive alert and then i need to take action
Suggestion:If we use ORB(15 min) strategy , than i know high/low of 15 min range
Now i should be able to place BO order with SL-M so that i don’t have to wait for breakout to happen whole day. As soon as 15 min is over Entry orders with SL_M should be sent along with their respective SL and target.
Can these two things be done or is there any way to overcome these challenges?
Thanks
Ankit
Don’t charge money for this or make it FREE for them from who you earn big amount of brokerages.
good features
Great feature. When will this be available for Futures?
Great initiative….Thanks Zerodha Team..
Dear, Nitin Kamat and Zerodha team,
It was much awaited and long pending, this facility is available for most the brokerage houses since long time and that to free of cost. Congratulations.
Dear Nithin,
I have been trading using Tradestation in US market and it is very good tool for GTCetc.. Also all advance level of Options like debit spread/credit spread/condor etc can be placed, you need to consider Tradestation capability to build Zerodha.. Also charges — why Traders should pay charges for advance level of placing order… if you do so trader may not opt for it.
Great feature. One suggestion though is GTT dashboard should have the expiry date.
Good and required feature.
Thanks Zerodha.
One comment on pricing after three months. Even ICICI Direct ( high charging site) doesn’t charge for this feature. Why Zerodha thinks that it should be charged.
Error commimg – While modify
Error Modifying GTT
Forbidden
#Bug:
When I try to select the first text box (trigger price box) with dragging across the digits(for selecting them), the dialog box closes.
Same occurs for Buy & Sell (OCO option as well)
For your debugging reference:
Tried multiple time on 26/07/2019 10:30AM to 10:50AM
Chrome: v75
No Error log in Chrome Console
Kudos Zerodha Team for this feature. Awaited for a long time. Thanks!
Kudos to team Zerodha. Much awaited and useful feature for day job working professionals. I used this feature in US 10 years back and used to think how far behind the Indian markets are from a technology point of view. Zerodha is taking big strides to close the gap. Congratulations to the entire team.
Any plans to roll out this feature for FNO segments?
Good. Pls keep innovation on & on & on…..
Thanks!
Woo Hoo!!
Long awaited. Congratulations on adding this very important feature!!
GTT and OCO not available for options and futures ???
sir demo in you tube video please
Pls do one thing. If the target price comes, but at that time if cash in account is not available, give alert to that extent pls on screen and also by email or sms. that will help.
Good, but why should you charge after 3 months? Reconsider it and don’t charge for it.
That is really real entrepreneurship. All the best.
Great… Thanks 🙂
That is really real entrepreneurship.
hi Sir… I just tried the GTT… but I can’t understand it very well. so I delete this GTT by pressing three dots and hit the delete tab… as in the instruction given. I think it gets canceled. but after a while when its trigger price hits, that order is placed but it cancelled and rejected due to insufficient fund in an Account. Now the Status shows Triggered. I want to cancelled this order permanently. what should I do or How it gets permanently deleted from my order (GTT) book.
Better late than never, but wait, why would you charge for the feature? Don’t you think these features should come as part of the plan we are paying money anyways for?
Nice to read about G T T feature and of course it is an another milestone of Zerodha Trading Platform.
Thanks for this, This was a much needed one.
But i request you to keep this free, I see many of the other sites donot charge for this feature, but why zerodha wants to charge? There are many places where you can make money.
Thanks for this, This was a much needed one.
But i request you to keep this free, I see many of the other sites donot charge for this feature, but why zerodha wants to charge? There are many places where you can make money.
your always good, but one problem your live data speed slow compare angel broking. please fix soon, then you always top
Requesting you to kindly make video on the same
Thanks. You are Great ,& understand what customer want
…Please Introduce Stock SIP also…
For every small things money is charged…. why money to be charged? These r features of a software not a seperate service.. guys get ready to pay for any kind of enhancements in future.. actually everything is going towards a point where money can be charged. so sad…
Zerodha charges for every small thing? I thought pretty much everything was free.
Yet another milestone ! Cheers !
Please enable BO for commodity
I thought this feature will be free for lifetime, but it is not.
Don’t make it chargeable in view of small investor, in Zerodha many small investor are associated with you. you hit the market because you hit the common man of India.
I would really congratulate you for this big initiative, nice steps.
Thanks !
Hi @nithin Let’s say I am holding ICICI Bank at 410 and I have a GTT-Single order placed at 380 (limti & trigger price). What if there is a 10% gapdown suddently on Monday morning? What happens to my order? Is there an option to sell at Market price if my current price crosses my trigger price?
Also please introduce the international trading feature. I am really interested in some good stocks in the international market for which I need to open another Demat with other available options in the market
I done see opion in app
When will such a similar option be provided for Futures?
Sir,. Please add net change number in portfolio position under in kaite.
I am punching a buy GTT to buy say Infy today. Can I punch sell GTT for stoploss and target immediately after punching buy GTT for the same quantity? Will it be allowed? or do I have to first wait for buy GTT to trigger and then only place a sell GTT for ST and target?
Instead of just adding new features , its advisable to make the kite platform itself highly robust . There have been many cases of kite login issues, kite not placing/executing orders on time in recent past. Such issues should be dealt with first , to gain the confidence of traders / investors on this web platform. And then and then only such new features should be added.
sir please add sl-m option under bracket order section. it’ll be really helpful
For the order window in GTT, please color the window BLUE and RED entirely to avoid user errors.
very useful feature
GREAT JOB ZERODHA!! most awaited feature.
Nithin-
Everything is great, your platform has been moving in the right direction, reaching new highs every day, trying to match international platforms and we must congratulate you on this. I have now only one wish, KITE must have an independent platform. This is a big necessity, you must agree. Scalpers like me need an on-chart trading facility like your competitors like Fyers (Fyers One) etc have. Admittedly, Pi is obsolete, it’s more of a pain today. You may keep it or remove whatever but some of the traders NEED Kite as an independent platform also on desktop (Windows/Linux) and NOT browser-based one.
I’m sorry for being critical but kindly consider from the view of a trader. Please try to make it for us.
Thanks much and Best Regards
Trading from charts options is on our top priority list. Currently everything is moving to mobile and web and just wondering what a retail trader can’t do on web compared to exe.
Hi Siva,
Many thanks for your reply.
I am from old school and a full time trader. I use good old desktops and use 100 Mbps steady connection on a 16 GB RAM. When you are having an overlay like a browser, there are problems with speed. Nonetheless, I have seen a lag in arrival of your data when you are on browser and I understand it is highly possible. Browsers can be easily affected by malwares. Anyways, I won’t argue on that but we may agree that compared to browsers, independent platforms are more reliable. Check yr data on exes like Pi/FYERS ONE/other data vendors (I use MT4 occasionally) and compare it with Kite on web. Many times, I saw their quotes hit earlier than on Kite.
Mobile might be good but I don’t trade using Mobile unless I’m away from my monitor and that is rare. I hate small screens. To use Kite on Android, my only workaround is installing Android on my laptop, nothing else came to mind.
Your first line – Trading from charts options is on our top priority list – makes me happy. I do appreciate and thank you guys very much.
GREAT JOB ZERODHA!! most awaited feature.
Dear Sir i Was awaiting this of future since years back. i am a small retail investor and i have difficulties to watch the market continuously , Hence It is very useful future for us. lot of thanks to zerodha team and who taken this kind of initiate. kindly note keep reasonable price. so that small investor can use it efficiently.
Thanking you
balajee
GTT tab in kite is showing the trigger price for open orders, however not showing the limit price. Would be nice if you can add the same.
WOW CONGRATULATIONS U DONE WHAT I WAS WANTING FROM LONG TIME IT WILL SAVE OUR TIME AND MONEY
THANKU SO MUCH FOR THIS REVOLUTION
Sir
I am really happy for GTT
Is its charge monthly or depends upon every trade?
Hey Ganesh, we haven’t determined the price structure as yet. Will update this post when we do.
Dear Team,
Very awesome feature has been introduced. The best part is Corporate actions are taken care off, usually retailers are not upto date with corporate actions.
With this i m looking forward for Stop loss buy order at upper price and likewise Stop loss sell order at lower price, there are certain technical price levels where price tends to move faster.
Keep innovating. Thanks
Anything pending on conditional orders ? e.g. Price triggers in Nifty futures but the order should get executed in selected Nifty Option strike.
This would be considered an algo and hence would be difficult to offer.
Good work.
But why do you want to go about making everything payable? This business model on the long run is a deterrent to customer satisfaction. It’s like buying Apple laptop, after which every accessory is payable.
Hey Sandeep, we don’t charge any brokerage for equity delivery trades. This offering implies we have to monitor all the triggers and fire orders accordingly. There’s an infra cost associated with this, and it doesn’t make sense for us to not charge.
Any plans to enable this on F&O segment in future?
Looking into the feasibility of offering this for F&O.
i always doing my trading based on day low and high. my problem is, ex: the stock price is 340 and day low is 338 i want to palce the order when the stock price fell down bellow 338, there is any option for i put the order advance that means if in bracket order i put the stock limit price 337.7 and if i place the order , my order is immediately executed . but at the time the stock price not fell down bellow 338 , pls give any sollution.
That shouldn’t happen. Best create a ticket on our Support Portal.
There should be no pricing for such a feature 🙁 you will ultimately earn by a brokerage. Other don’t charge for GTC
We don’t charge any brokerage for equity delivery orders. 🙂
Dear Nitin,
Any plan to future provide the stop loss feature settings on live chart as like FLY app…
Yes, this is high on our todo list.
Hello Mr. Nitin Kamath,
Pleasure to see such announcements coming often and at times of needs. Would request you to kindly make available continuous feature wrt to futures and options on the watchlist. Though it is not such a big deal but still would be a bit of ease if we were to not be able to punch in all the future stocks all the time
Continuous charts for futures are already available. Check the display menu in the charts. For options, since there is time decay, continuous charts wouldn’t make sense.
Awesome..i remember requesting this feature as hdfc supports this since years and now it is here as well..
Dear Nithin
Thank you for finally introducing a better version of GTC , , , the GTT.
Couple of suggestion and questions
1. On the GTT screen you should also display the limit price the investor has entered as well as the CMP so that we can fine tune (modify) the trigger and limit price on the go.
2. If funds available at the time of system placing the order are insufficient then will the system amend the order quantity to match available funds?
3. What happens if the order is placed based on trigger price but does not get executed due to price not reaching the limit price pf thye order?
I have converted all my orders to GTT :).
Appreciate your clarifications.
Excellent feature
Many thanks
Tony
KA1510
1. LTP will be added soon. Also oco will have 2 trigger and 2 limit prices, adding too many prices can lead to confusion.
2. If no funds are available then order will be rejected. It is not allowed to modify order from our end.
3. Then order will be cancelled end of the day and you need to place GTT again. But once GTT is triggered you will get an email alert and it triggers only once.
Thanks . . . if you show LTP and Limit price . . . this will help to view all prices entered in the GTT witoiut opening the GTT order
I don’t think there will be confusion.
Thanks
1. The GTT info page has these details. Showing this on the main page would make the page too cluttered.
2. No, the order would get rejected.
3. The order get cancelled at the end of the day and you’ll have to place the GTT again.
ITS GOOD TO HAVE SUCH TOOL. KUDOS.
FOR A TRADER PLACING REGULAR ORDERS YOU CHARGE NOTHING.
BUT WHY FOR THIS GTT.
OF COURSE AS A FACILITATING TOOL YOU CAN GO FOR ONE TIME MINIMUM CHARGE.
Good if available for intraday trades. Currently it needs to place two orders, say stoploss order and a buy order. If one executed it needs to cancel the other order manually.
how to remove GTT once created.
Simply go to the GTT tab on the orders page of Kite and cancel.
good works…
Request you to add TSL Feature in GTT.
Trailing stoploss would be considered an algo and so cannot be added to GTT.
When is available GTT option?
This option is live and available on Kite since last Thursday.
Plz make conditional auto square off position as per MTM value while trading with multiple option legs. if trader using option strategy with multiple legs it will be much easier to square off the position as per MTM profit/loss value. Its too hard to place order for every leg while trading with multiple option leg strategy. hope u get my point what i want to say.
Hmmm… This would be considered an algo and cannot be done as such.
Hi,
Feature is good but not working properly because i placed an order and after sometime i deleted it because is buy that equity as normal order. but after some time price reach to that level which i placed in GTT and i am shocked because it placed and order execute yet i cancel i before.
Poor experience.
Hmmm… That shouldn’t have happened. Best create a ticket on our Support Portal.
Excellent, Great initiative….Thanks Zerodha Team..
Can we use this for bonds as well ?
Currently even AMOs for bonds get rejected for this reason.
“The instrument is either suspended from trading, or the order was placed outside of trading hours (try placing AMO).”
Whats happening here ?
Yes, you can. Alternatively, you can place an SL AMO.
TradingView charts and GTT are to Zerodha’s users as the ASAT and Chandrayaan II are to India. Thank you Team Zerodha. You guys are awesome!
P.S. I Hope GTT will be reasonably priced so that it will be affordable for small traders. Please don’t break our hearts. 🙂
Hi Team,
Please can we have friendly SIP option via coin for mutual funds.
Working on this.
After New updates in Kite Web , When we try to Exit order New popups open
Before background was clearly seen Now it is changed, We can see the Back ground , Can’t be able to watch Market depth chart area in Back ground , But previous it was there..
Now only these Dialog box shown clearly .. it Will be very good if Back ground Also have clear looks as before , Transparency level should increase a little bit so that while working on Exit window or while using market depth from position tab it will be more clear as before it was.
Thank you.
Yeah, we’ll fix this soon.
I’m really confused here between the already available LMT order and GTT order.
Under LMT if Indy Ltd is at ₹785 and I want to buy it at ₹700 then I just out a LMT order and it’ll be triggered when price reaches there.
And for LTT too you have said the same thing. I’m really confused here!
LMT order will remain valid for that day and expire after trading closed on that day.
GTT order will remain valid for 1 Year.
So GTT is nothing but two limit orders in One order with a longer expiry
It is irritating me…
I am not able to watch fundamentals and events.
Not required free …. keep it with you…
Tell me how to remove it.
Or
Tell your team to remove it from my account..
You have my email.
Hey Swapnil, GTT has nothing to do with fundamentals or events. These options are still available. What seems to be the issue?
Sir, please make the colour of the fonts little bold, it is becoming increasingly difficult to see the above samples ..pls see the Modify GTT Sample .. the letters are so light and grey instead of black … that it is almost blurred image which you try to show. Take any website or anything from internet the letters are black and clear and even the small images can be seen clearly … but in zerodha kite .. aha .. Why so obsessed with light colour…pls make it little bolder. Tks
The images in the post above are scaled to fit the post. You can right-click and open them in a new tab to see the full image.
I tried to see the GTT set up in the kite .. same thing there. When opened the GTT order to buy or sell .. pls look underneath at the box to tick saying ” I agree to terms and conditions…” Be truth and say …can u really read the print and even placing the order print etc are so blurred and small as if there is something to hide and dont want the reader to read everything.
also one more request the GTT order placing window should be taking less space …and clear little big font ..so that the chart on which basis GTT order is placed can also be viewed in the background.
We’ve determined the styles based on a lot of design research and can confidently say that we have nothing to hide. In fact, that is why we need the user to check the “terms and conditions” checkbox each time he or she is placing a GTT. 🙂
Great..
Can Zerodha margin calculator be included in Mobile App.
Yes, we are working on this.
Zerodha upgrades are too good. Loved all your products. Wishes for more.
why r u charging for this order evan other broker giving free this order type …thanks to zerodha i wrote him personnaly many time this type of order but i dnt hope u will charge very bad
We charge nothing for equity delivery trades, while others do. Also, our systems need to monitor your triggers constantly to ensure your order is triggered at the right time. This requires infrastructure that has a cost associated with it.
Well done Nithin. Though I have been a little biased towards Zerodha because of its repeated system failures on important event days.. yet this feature is truely a milestone. Thanks a lot..
Below feature may be made optionally available to those who checkbox for this conditional exclusion in GTT set-up. It may not be made compulsory as integrated in every GTT created.
GTT is a great introduction by Product Team, but they need not go so over-board in taking over individual’s pre-set GTT, shifting goal post set by others, jumping gun.
///// “Whenever there is a corporate action, like bonus, dividend (if greater than 5% of market value), stock split, etc., the GTTs for the corresponding stocks will be cancelled before the ex-date. You will have to re-place the GTT manually after the corporate action. These GTTs are cancelled to ensure that the order is not triggered by the movement of stock price due to the corporate action”
This is done in the interest of the investor and you’ll receive a notification when we cancel it in any case. So, you can always place the GTT again.
Great feature for placing longterm target and SL priced orders.
I understand implementing such a feature which is not supported in our country would have required a lot of efforts. Kudos to the Zerodha technical team.
It would be great if Zerodha decides to provide this feature to retail investors for free.
Great addition to Kite platform!!.
I have been looking for the following 2 features on kite:-
1. Ability to place 2 SL orders simultaneously one above and one below the CMP at a difference from CMP that can be set by the trader. For example, Buy SL order at 2 rupees distance (above) and sell SL order at 3 rupees distance from CMP. This will help in quickly placing orders.
2. Show the stop loss and target in the Chart and allow the trader to drag the SL or target to a desired level, using the mouse.
Can you please implement these 2 features in Kite.?
1. This is already available on Kite in the form of bracket orders with SL entry. This is an intraday product. For long-term orders, you can place a buy GTT and an OCO GTT for target and stoploss.
2. On our to-do list.
Dear Zerodha Team,
Nice initiative on intro of GTT .
1)Please confirm whether GTT will consider circuit limits set by exchange
2) Kindly introduce GTT bracket orders as OCO has limitations. eg. I have a scrip purchased at 108 and have placed limit/trigger at say 115 in GTT and the order is executed.Again i would like to repurhcase the same and get it back into my demat account when the price reaches say 101.( sell order and buy order need not executed the same day) and buy willbe still live in GTT.
Would be obliged if this query is answered by your team.
Also it is a humble request to Zerodha to introduce bracket orders for commodity .
Regards
Raj
1) GTT is meant for long-term target/stoploss orders. As such, circuit limits don’t really matter. If there’s an exchange circuit, the GTT would never be triggered outside the range.
2) You can place a second GTT to buy 101 and leave it there. 🙂
BO for commodity has been on our todo list for a while. We’ll have this live in some time.
Its actually great step thanks
I have GTT order. It triggered on 26-Jul but did not get executed as the order price was not matched.
Today, It is showing still in triggered state, although it should have been removed from the system.
Triggered GTTs will remain visible for 4 days after it’s triggered.
What if my order is triggered to be placed as limit order but my limit price is not achieved in the day??
e.g
If for xyz stock whose CMP is 750, i place a trigger price as 705 and limit order as 700. and stock trigger 705 but does not touch 700 that day. Will it go back to my GTT order for next day? or my GTT will be cancelled. i will have to place order again??
Your GTT will be cancelled and you’ll have to place it again.
hi
very nice feature. try to keep this service free, if possible increase AMC charges no problem but this service should be free.
WOW! Great feature.
I have been waiting for such feature for a long time.
Such user friendly features make Zerodha a great trading/investing platform.
Thanks!
Keep up the good work. 🙂
Very nice sir but it should be free life time
Sir, I have been using Pi software .Since two days I am not able to get 1,2,3,5 minutes charts for Nifty options and Bank Nifty Future.Please do the needful.
Hmmm… This shouldn’t happen. Best create a ticket on our Support Portal.
Thanks really great feature. Looking forward to it’s pricing after 3 months
I am unable to delete the GTT that has already triggered.. the GTT page is becoming messy.
The “triggered GTTs” could be made part of console as this is more of a back-end data after the order is executed.
I would really like to propose a feature of having description/comment text box along with GTT order. As GTT is a year long valid order, one needs to keep track of the analysis that lead to the GTT order and check whether the analysis still holds true. It would be nice if the user is given a place to write this analysis preferably in kite or alternatively in console.
A GTT once triggered cannot be deleted. You can, however, cancel the order it places. The GTT itself will be removed from the GTT screen in 4 days.
As for notes, yes, we are working on a tagging mechanism where you can tag trades to strategies or any other text for not only GTTs, but all orders.
This order will only be useful if Zerodha provides execution(trade order) of placed GTT order after triggered price and a message over mobile & an email shall be auto generated to the customer with “Your GTT order has been filled however the required margin shall be paid within T+2 days else auto debit from demat shall be done”.
Hope then only this kind of order will be successful.
We’ll email you as soon as the GTT is triggered, so you can always bring in funds at that time. 🙂
You Rock !!! Still not tested .Is GTT is possible with Future also in Future ?where it gets cancelled 2 days prior to expiry.
Hey KuberNath,
Currently, it is not possible. GTT is only for Equity stocks.
Hey Kuber, GTT is not available for F&O, yet.
Now i know why i am paying good broker fee to zerodha. You guys are awesome . The only thing i am missing is order edit, position edit directly from chart like fyers. Which is very good if you guys implement this on kite i will trade intraday on kite . Any way my positional trade are also from zerodha. Thumbs up
Hey Nahas,
we’re working on this, we’ll keep you posted.
Hey Nahas, we’ll explore the possibilities.
very good & usefull feature
but it should not be charged
thanks
But ye facility kite app me nahi h so plz kite app me bhi ye facility provide kare…
Hey Hary,
It’ll soon be available on kite mobile app.
Hey Hary, will be available soon, we are working on it.
GTT does not place a limit order if the value is below the days circuit. However, this should not be applicable on FnO stocks. My GTT on yes bank did not get executed as the price fell below 10% and the limit order did not get placed. Request you to rectify this bug.
Hey Aaron,
this isn’t a bug, this is how it works. If an order is placed beyond the circuit limits it will be rejected.
This was one of the TWO features that was stopping me from trading in zerodha. Thanks and congrats for this to team Zerodha for being innovative all the time. The other feature is direct debit from bank account or what we call 3 in 1 account. I think it is available with IDFC first bank account but hope other major banks like Kotak, HDFC ICICI, SBI etc. are also included. I m awaiting immensely for this feature also.
Arshad, the second feature should be available shortly 🙂
We’ll keep you posted.
Hi I have few doubts on placing an OCO order. Say the LTP for a stock is 100, I have set the Stop loss Trigger price as 50 and the limit price as 48 with quantity 5 and Target Trigger price as 150 and limit price as 152 with quantity 5. After placing this OCO, the below scenario happens.
1) Say if the LTP is 50, so my Sell Limit order of 48 is placed. So when the LTP moves to 48, then my trade is executed and this will be successful only if i have 5 shares in my demat account already?
2) Consider the LTP moves to 49 in after trading hours, when the trade starts next day, I think the Sell Limit order of 48 will be triggered and if the LTP moves to 48, then my order gets executed. Is that right?
3) Consider the LTP moves to 45 in after trading hours, when the trade starts next day, I think the Sell Limit order of 48 will be triggered and at what cost my trade gets executed ? Will it be a market order automatically and gets executed at 45?
4) Say if the LTP is 150, so is it a Buy Limit order of 152 will be placed ? If So, then when the LTP moves to 152, then my trade is executed and this will be successful only if i have enough equity right?
5) Consider the LTP moves to 151 in after trading hours, when the trade starts next day, I think the Buy Limit order of 152 will be triggered and if the LTP moves to 152, then my order gets executed. Is that right?
6) Consider the LTP moves to 155 in after trading hours, when the trade starts next day, I think the Buy Limit order of 152 will be triggered and at what cost my trade gets executed ? Will it be a market order automatically and gets executed at 155?
7) Say if the LTP is 150, if a Buy Limit order of 152 is placed, If So, then when the LTP moves to 152, then my trade is executed. So if i wanted to sell the stocks at 170, then i can place a separate Sell GTT on the same day or only after the shares get added to my Demat (T + 2 ), i can sell the stocks.
As i am new to trading, I know, it’s lot of doubts 😀
Please donot charge for GTT order, make it easy and free to used.. And i request zerodha co founder to add unlimited script stock in kite. Now, a days, other broker are giving unlimited stocks script. There software doesnot get hanged nor it crashes, so i request zerodha to add unlimited script stock list and make software also very strong that time…
1. If a 3-in-1 IDFC account is linked with zerodha, would it be possible to get the required funds from IDFC account when the GTT gets triggered.
2. highlight the buy GTT orders whose LTP is close to triggers (may be in 10% band), so the user could ensure sufficient funds are maintained with zerodha that the order can be executed
when this facilty will be stared for future n options trading
icici n kotak are having it
can we get it here
Hey Rohit,
We’ll look into this in the coming days.
Can I place SL-M order in GTT. Because of let’s say I Bought ABC stock at Rs 300. Now I put a stop-loss which is sell order at Rs 280. Now tomorrow if the price gaps down at 278 and falls the rest of the day my sell order will not get triggered. How to overcome this situation, because I want to sell at whatever rate is coming if the LTP is at or below the sell order or stop loss order..
First Kudos to Team Zerodha for bringing this much awaited feature.
I am listing a few enhancements (after placing few GTT orders on kite web)
1. The default Order type is Sell and Trigger type is OCO. Shouldn’t it be ‘Buy’ or there should be an option to select the default option.
2. The popup window for GTT should be movable on the screen so that we can see the actual quantity available with us on the Holdings screen
3. Why do one need to agree on the GTT everytime one places the order. Shouldn’t be agree forever option
4. Cancellation of GTT is not intuitive. Kindly update the help pages and make it more clear that only delete option is available for GTTs
5. How GTTs are different from Algo trading. Is it not an algorithm at your end that triggers these orders? Certain features (such as TSL) are considered algo and while GTT is not ? How do one know which feature is algorithmic or not? How does SEBI regulate the algo trading.
Hey Balaji
1. The most used case is placing a stop-loss on holdings, hence – Sell.
2. Will look into the possibilities.
3. Just to ensure that users are aware of the risks of placing GTT type orders.
4. All you to do is Orders>GTT, select the context menu and hit delete. This is similar to your normal orders.
5. GTTs just create triggers and when a trigger is met, it is sent to the exchange.
There is one suggestion to you guys. Why are triggered orders still displayed in the GTT tab. I think after they are executed they should either be removed or they should be taken somewhere else in the tabs. I can see huge list of all the triggered orders. This does not seems nice if after some point of time I have 100 orders in list and 50 gets executed then also it will be displayed there.
Hey Anshul,
this will be removed automatically after a week from the day of trigger.
Unable to delete GTT order that triggered two days back, but not executed as yet. Client ID RWS95
Hey Sanjeev,
It will be removed automatically after a week from the day of trigger.
Yes, at least GTT should be free for small orders. Otherwise, we ended up with commission, charges, and tax only 🙁
Hi Zerodha team,
Congratulations for long awaited feature. I am a long time user of Zerodha and find it most innovative brokerage in india.
Could of suggestions on GTT feature:
1. Whenever a GTT is triggered, instead of sending email, pl send a SMS on registered mobile no sothat customer may place additional funds if required. it will be much faster and remove your team’s headache of end of day work in triggering sell orders due to lack of reqd margins.
2. On pricing, I feel it should be offered pay as you go model for triggered alerts for infrequent investors/traders and a unlimited/large GTTs for professional traders for a monthly fee….Pay as you go model will allow you to get your infra costs covered .
thanks
KD
Hi,
1. Need one clarification on GTTs buy orders. If I place a trigger price of 100 Rs for a stock ABC and place limit buy order at 99. Then if price doesn’t goes down to 99 on same day but next day, will my GTT buy order will be cancelled by EOD on day 1 or will remain in the system for next day?
2. if it is cancelled Will I get a SMS by EOD to place it again next day?
3. if executed, I prefer to get SMS over email. Could you please see possibility of implementing this as well?
thanks
KD
Hi, As per my observations
1. Yes it will be cancelled by EOD and needs to be placed again if you want it to be executed. For that only they have suggested to enter trigger price lesser than the price so that you never miss any order execution or price or trigger price make it same.
2. No.
Anshul has already answered the 1st point.
2. No, however, you get an email notification when the GTT is triggered when it hits 100.
3. Emails for now. We will soon have Kite mobile notifications too 🙂
I am Commodity trader. Please clarify, GTT offered for commodity and currency segments also?
Not yet. We are working on building GTT for F&O segments too.
Hey Phani, not yet.
This is a good feature.
I trade in options where order has to be placed quickly especially during expiry days to buy or sell at the desired rate.
To help traders like me place orders quickly, I am giving below a suggestion, which I think is easy to implement:-
1. When we click buy or sell in market watch, we get the Order placement window. Here we have to enter the quantity every time before clicking “Buy” button. After that kite closes the window immediately. I suggest that the window remain there permanently (as long as I want it there) and close it using an additional button captioned as “Close” or “Dismiss”.
2. Allow a maximum of 2 order windows (i.e., for 2 different scrips) to be there on the screen (instead of just 1, as it is now). This will help in quick order placement for hedged positions. This will help traders who create a hedge using another scrip instead of stop loss.
Could you please implement these 2 features in kite?
Neeraj,
GTT for F&O trades will be available soon. We will have this feedback passed to our product development team.
Thank you, Faisal for your prompt response.
Here, I have asked for these features for a general intraday order for any scrip (it is not about GTT). My suggestion is meant to enable a trader like me to place an order quickly with just one click, when the prices move fast.
Currently, to place an order we have to take the mouse to market watch, click the Buy / Sell button there, then bring the mouse to order window and enter the quantity and click Buy or Sell button (for market order). This is a bit time consuming. Instead, if the order window is left there on the screen with my previous order quantity filled (not erased), then I have to just click Buy or Sell button only, to place a new order. (This is like One-click trading). It will be very useful in the case of options.
Allowing one more order window of this type would enable traders to enter hedging order. I am looking for a maximum of 2 order windows only on the screen, to be available for this one-click trading.
Thanks,
neeraj
Hey Neeraj,
1. GTT orders are available only for equity.
2. That would be very unintuitive and would just add additional clutter on the screen. The order placement flow remains the same as all the other order types.
Dear Bhuvanesh,
My request has actually nothing to do with GTT. I have just asked for a specific kite feature in this forum because this is the latest news from zerodha.
All I am asking for is to not close the order window immediately on clicking “Buy” button or “Sell” button in the order window (To close the order window one can click an additional “Close” button or the existing “Cancel” button itself). This will enable a trader to place one more order with the same order window with just one click. (In fact a similar feature is there in Pi and so I don’t see any confusion for the user; but in Pi it is available only in the chart window and so if I want to buy another scrip immediately, I have to open the chart for that scrip and then place the order there. Moreover Pi charts are not very user friendly when compared to Kite. That is the reason I am asking for this feature in Kite where market watch and chart are there on the screen side-by-side. It is easy to place an order for another scrip from the market watch window in kite.
Two parts of my request are:-
1. Do not close order window on clicking Buy or Sell button. Let it be thru the “Cancel” button only or an additional “Close” button.
2. Allow a maximum of 2 order windows on the screen, one each for a scrip clicked by the user in the market watch. This is useful for a trader who does hedging or pair trading in intraday.
Even if you cannot implement point no. 2 above, at least consider implementing point no. 1. I feel it will be very useful for traders.
Will look into the possibility, but I’m not sure if this behaviour would help much.
Thank you Mr. Matti for the response.
Actually I have always felt the need for these 2 features when I trade in options while having the chart of the underlying or the futures kept open. During expiry days, in the last few hours of trading, option prices move so fast (by even 20% to 50% within few seconds) that we don’t get it at the price we desire if we have to bring the Order Window from the market watch and enter the quantity and click ‘buy’. With Options, many times I felt the need for placing order for both put and call depending on the situation, as the direction of the price movement changes. In such cases 2 order windows would help (but I think this can be achieved by having kite instance in 2 separate windows).
But One-click trading with the order window retained on the screen (until “cancel” button is clicked) and the order quantity retained in the text box from the previous order as in zerodha Pi, (point no. 1 in my previous post) is definitely very useful IMHO.
It’s not available on Kite Mobile app?
Hey. I’ve a doubt in this statement “When a GTT is triggered, and order is placed on the exchange, it is executed only if the limit price order placed is filled on the exchange.”
So let’s say I bought 1 share at 100 Rs and now I put a stop loss GTT like below:
Trigger price: 99
Quantity: 1
Price:95
Does it mean that the order will get executed at any price between 99 and 95 once it reaches below 99?
Or does it mean that the trigger will happen at 99 but the order will be placed with price as 95? And if didn’t reach there (95), the order will not be executed?
Boss, sell price should not be lower then the current market price. If you put the trigger at 99 with limit price at 95, you order will be placed at 95, once the stock reaches 99 and your stock will be sold immediately, since you are offering to sell at 95<which is lower than the current market price
Correct
As Rishi has pointed out, if your trigger is at 99 and sell limit order is at 95. When your GTT is triggered, the sell is executed at 99 since it’s a better sell price that 95.
is it applicable for f & o also
For now, no. Will offer this for F&O in the future.
Suppose my GTC oder got triggered but did not get executed, will my GTC order is valid for next day automatically ?
I’m afraid not. You’ll have to place the GTT again in such cases.
Great work from zerodha. Infact I called customer support of zerodha long back to discuss about possibility of this feature. It is great help for ppl like me, who is busy in their own profession during trading hours. Thank you. Hope you won’t charge much for this.
suggest zerodha not to charge
GTT Should be free of Cost.
Its a very nice feature for working professionals who cannot watch the market on daily basis.
Please create a feature for portfolio stop loss trigger also
Ah. This would be considered an algo and so can’t be offered.
I just want to know the margin required to buy a stock
You can check out our margin calculator for that.
Very good initiative… Definitely this will be a good advantage to active traders….
Nice feature which is already provided by other brokers with free cost.. since this is basic feature it has to given free of cost.
Hey Guys!
Just a Suggestion.
While putting qty in buy/sell case.. If you can show the total amount that would be of great help. Have to calculate that manually.
Eg. 2 shares x 100(price) = 200.
Maybe show this 200 there just like a calculator.If you can, please Do it.
And Btw KITE 3 is Great!
Revolutionary features for investor like us, those are busy in their daily working life and give 4-5hours of time at the weekend.
Thank you zerodha team.and make it free just like ur name ZEROdha.or charge some minimal charges on target hit,not on target set. This is a suggestion from a zerodha family member. 🙂
Like to know if this feature is available for equity futures too.
Congrats! Very useful feature.
But I mostly deal in Futures. How do I use it for Futures or Options?
If I place sell GTT for a particular stock with trigger price as 100 and limit price as 95. If the stock opens next day at 90, will my entire quantity be sold at 95?
Pls explain GTT in Gap up/down situation with some examples.
why trigger price is needed for GTT ? We should be able to place order without trigger price
If the order is placed directly with the exchange, exchange cancels the order at the end of the day. Hence, we use triggers to trigger your order. You can have the trigger and the price as the same value and it’ll work as a regular order.
Any plans to roll out this feature for the FNO segments?
Why their is cost involved in placing GTT Order, all other broker provide this feature free of cost for a long time
what if i am using kite app?
Will add it to the Kite 3 mobile app soon.
Can you add the “Smart order routing (SOR)” service or feature to kite dashboard for executing orders, like Icici direct and some others brokers providing ,it will be a best gift and option for users like us ?
Will look into the possibility to add this.
Dear Zerodha Team,
you are the one of the best sorry my opinion only you the best broker in this industry.
your innovative idea help us to retail trader and investor.
Sir, It is great feature.
Please activate GTT feature for options also.
Explain for gap up or gap down opening how it works. Give example.
GTT for F&O is on our list of things to do.
For gap up/gap down, your GTT will be triggered at open. However, if the market price is already beyond the limit price, this would stay as a pending order on your orderbook. You’ll either have to modify this order to execute at market or wait for the price to go back to the limit price you’ve set.
The full form of GTT is not suitable, of course the name doesn’t matter but still it conveys that the orders are good till triggered, if triggered ,do they turn bad? 😜😜
Can we short a stock using GTT or CNC orders? Today I tried to short a stock using CNC for a delivery trade but my order was rejected. Please clarify the correct procedure for doing this.
You cannot short stocks overnight in India. You’ll only be able to short the futures contracts or call options.
Okay. Thanks for the information.
This feature is an edge over others and should not be charged.
Is it not available for Options Buying / Selling? .. Of course options / futures have monthly expiry..But you could consider having GTT which can be valid till triggered / cancelled or till expiry date?
Yes, this is on our list of things to do.
A long waiting functionality Thanks.
Additional Request: There should be an auto-calculation and display saying how much money is required for all my GTT request. so that I will ensure I will have enough money in my Fund.
Yes, this is on our list of things to do. We’ll start showing the required margin for not just GTT orders, but all orders on Kite soon.
Thank you Matti
Is it possible to modify/cancel GTT once it is triggered.
Go to ‘Orders’ tab/section on Kite. There is another tab/section named GTT. You can see all your GTT orders and modify/delete them.
It says you don’t need margin till it hits the trigger price. But here if you don’t know the margin how can you calculate the quantity which you are able to buy? I want margin also.
What the post says is that you need not have cash in the account to place the order.
Cover & Bracket order is only available for people who need margin. I need the facility to place buy stop loss & sell target price in one order but don’t need any Margin. Is there any option to do so?
The OCO order described above.
Awesome Work Mr. Kamath
Hi Currently only 50 active GTT orders are supported per account. Is there a plan to increase them for paid customers say to 100 or 200 after the trail period is over?
We haven’t considered this yet, but may increase the limit later based on demand.
Yes, please increase the limit to at-least 100.
Also triggered GTT orders should be moved to a separate area.
No way to see only the active ones.
Respected Sir, I am sharing this feedback since long but Zerodha seems to be ignorant towards the requested upgrade in the feature. Me amd my wife are together holding 35 lakhs in the Zerodha trading account but with the GTT feature limitation of max 50, face many problems as both of us are working professionals and can’t access Zerodha during working hours. Kindly upgrade the feature as soon as possible. Otherwise, I will be forced to move with Kotak Securities Limited as they offer unlimited GTT order facility. Regards. Vikram n Sarita Yadav with Client ID ZO4589 n AS1460.
Is it applicable for existing positions in Futures & Options?
Hi,
I noticed one thing. A minor bug on display. When we create a GTT (either single buy or OCO), trigger at price is not shown in “info” tab of GTT created.
Another enhancement can be of : conversion of single buy to OCO and vice-versa, with a check of stock is in holdings or not for OCO.
I want gtt
To open new demat account I completed payment step and I’m facing problem to continue digiloker process help to continue create new demat account
Please increase the GTT free time limit from 3 months to one year.Thanks
First of all kudos to team Zerodha for all the good job you are doing. I have a query– whether these GTT orders can be placed for T1 holdings? Or do we have to wait till stocks are in our demat accounts?
You can place GTTs for T1 holdings as well.
Congrats, Mr Nitin kamath and his team, A good one, though i have not yet used it. It is mentioned that GTT is chargeable after 3 months. I am already paying a good amount for various zerodha extras. It is not a good idea to charge each and every thing, when the trader is already paying for small case, sensibull pro etc.
We don’t charge anything for delivery orders already. There is an effort and cost associated with each order which is why we intend to charge. Sensibull, smallcase, etc., are separate companies charging for their services.
Why do the GTT orders DO NOT have disclosed quantity?
When one would like to place a large order, he cannot do it with GTT as there is no disclosed quantity option.
It would not be very hard to incorporate the disclosed qty option, just another field on the popup.
Request to please take this up on priority. Other brokers with GTC option do have the disclosed option feature as well.
The GTT order window already has too many inputs. Adding another would simply make it complicated. We see that disclosed quantity is used by very few people and the added complexity isn’t justified by the number of people using the feature.
I suggest you to reconsider Disclosed Quantity field based on your experience so far. It is the only field missing from standard order page. You may keep it with 0 value (indicates no different disclosed quantity) and still allow those few to take advantage of this feature. For higher quantity CNC order, I’m sure lots of people use disclosed quantity and they may not use GTT.
The Trigger price difference is expecting more than 0.25. Why did this make like this? Any special reason?
Hey. No such restriction for GTT orders. Where are you seeing this?
I’m getting the error while placing the order after sell target is set and placing the order.
Error message as “Error creating GTT Trigger price was too close to the last price. (difference should be more than 0.25)
For stocks less than Rs.50 in value, the difference between trigger and LTP has to be at least 0.25. In case of stocks that cost more than Rs.50, it has to be at least 0.5% of the stock value. This is because GTT is intended to be used as a long-term stoploss or target.
I am getting the same error even for a script for which the LTP was 773.4. Why is the trigger price 0.25% from the LTP? GTT need not be a long-term target. I may want to buy the stock the next day but might have time to place the order when the market is open.
I had placed GTT, with stop loss trigger. Script achieved that Stop loss price, however, still GTT order not executed. Serious concerns on the facility provided. Further, concerned person not able to help. Very Bad experience on this.
Please make this GTT free don’t make again mistake like zerodha coin initially charged and make free after sometime because of competitor.
Cheers !!
New milestone!!
Hi Nithin,
Im waiting for a long time on BO in commodities. Still it is unavailable in zerodha. I trade during crude inventory time every week, without bracket order it is really tough exit with the volatility at 8PM on the day. So Kindly enable Bracker order for commodities ASAP.
great sir …. salute you … very good innovation
Too much confusing. Couldn’t understand.
I don’t understand why Zerodha doesn’t come up with a VIDEO to explain things instead of all pictures /text content.
Hi,
It is good to know of this very useful feature in kite. Please let me digress from this topic.
I use charts for trading in trading view. Some charting platforms like Meta trader provide a view of stop loss and target in the chart using horizontal dotted lines and allow the user to move them (SL and Target) up or down using the mouse. Please provide this feature as it becomes very difficult to keep on shifting the stop loss by typing the numbers. A constant Trailing stop loss won’t be much useful here as we need to decide this in real time based on candle sticks.
Also, please allow the user to buy or sell a scrip with just a single click (with the quantity and order type filled from the previous order).
thx.
Is this applicable only for Delivery or can be used for Intraday and Future as well??
FANTASTIC FEATURE
I have set up GTT for ACE stock buy at 65 a week ago. Now it’s 63.95 but my GTT was not triggered. Can you help?
Hey Satya, what was the trigger price you had entered?
Hi Nithin,
When can we expect this feature for FnO ? It will be really helpful
thanks,
Ajith
Will make this available for F&O soon.
Then i suppose if this will be available for FNo then this feature can easily be recovered from brokerage and settlement charges over there. why charge separetely just for equity. This will surely discourage equity retailers who are busy and cannot track market. Regular Fno players will need this more for their trading infact.
Dear Nitin,
Honestly, its not a good thought to charge for GTT feature separately. This should be recovered through brokerage charges and hence should be part of Kite application. By charging separately for GTT usage, you are discouraging usage of this functionality.
Regards,
Naveen
Since this is meant for placing stoploss for stocks bought for delivery, that would be tricky, since we don’t charge any brokerage for delivery trades!
Thank you Matti
Hope zerodha will not use our data for their own benefit.
Hi,
I wanted to know if we can cancel GTT order after creation. Because i am not able to see the option any where.
There are situations/scenarios where you feel that the stock will not trigger the GTT price. hence, you sell the stocks early. thus, the GTT order is still active waiting to be triggered even though the stocks are sold.
I believe we need 2 options. a> modify GTT. b> cancel gtt buttons for this scenario
Thanks.
You can, of course, modify and cancel your GTTs. Go to your order book, and click on the GTT tab on top of the order list to switch to GTTs.
Sir i had placed a gtt order though the price was triggered and also hit the limit price , the stock is not reflecting in the holding, i am not sure if i have made any errors .i can give my order no. Thanks
Best raise a ticket here.
sir,
whether,orders can be placed even after the market close.
Yes, you can place GTTs at any time.
Good feature, but why only free for 3 months, this feature should be available for free? If you want more people to use zerii don’t keep anything free only for limui time please!!
GTT should be Free, not chargeable. My existing Broker offering it for FREE since last 6 years. Keep this feature FREE FOREVER to gain more clients in order to get extra edge over other brokers. I have a future plan of becoming Zerodha Marketing Partner, so please consider my request.
Yes it should be part brokerage fee.
We charge nothing for equity delivery trades, so charging as part of brokerage wouldn’t be possible.
Since there is a cost and effort involved on our part, it’s only fair for us to charge for it. We don’t charge equity delivery trades in the first place.
I agree. Costs must be recovered to run a profit making successful enterprise. Just ensure that the price is reasonable.
Hi,
Thanks a lot for this amazing feature.
Small suggestion, It will be helpful if could you use some color coding for GTT orders type like Red for sell and green for buy instead of showing all inn blue.
If possible present both types in different section
I have created gtt order for single buy for one stock, for which trigger price was set at Rs. 40 and purchase price at Rs. 39 per share for 50 shares.
Now my order had triggered, at price 40 but since purchase price set was Rs. 39
But I don’t want to purchase the shares now, but there is no option to cancel the gtt order as the stock had triggered the price.
Please suggest what to do??
You can simply cancel the limit order at 39 placed and visible in your order book. If you don’t cancel it and it remains pending until the end of the day, it gets automatically cancelled after markets close.
What if my buy and sell price triggered simultaneously on the same day? (Ex. Maruti Buy @ Rs 6160 and Sell @ 6270. Profit Rs 110 per share).
That wouldn’t be possible. As soon as the first order is triggered, the second is cancelled.
Not seeing for futures
This is only available for stocks right now. We will make it available for futures and options in some time.
I got into a special case, I placed a Gtt for yesbank to buy at limit price 52. The trigger price for the Gtt was set at 55. Today the Gtt got triggered unfortunately the trade didn’t happen because the lower circuit was 52.35.
I wanted to know the possibilities of the order
Dear Sir,
I have placed 5 GTT order out of which 4 were triggered. My trade book is showing all 4 trades on 19.08.2019 & 20.08.2019 but my holding does not showing any stocks. I am confused that weather I have any stocks or not. please help me understanding this.
Nithin Sir
You are what you deserve…
While others are struggling to survive, you are still Creating new innovations in market..
Due to customer oriented nature, zerodha is far ahead from its competitor..
Your twitter message wrt Yes Bank, Ashok Leyland & Tata motors is a proof that you are concern with the investment of investors & not just brokerage.
Thanks
God Bless
This feature is very much useful. But it should not be charged.. It is just an option for placing the orders. Why it should be charged..?
Zerodha ….deviating from the sole concept of Discount brokerage
but why not in derivatives
Will offer this for F&O soon.
Sharekhan has this facility free of cost.
Since 1st Sep’19 unable to create new or modify existing GTT orders. What is the issue and when will it be resolved?
Hey, no such issue. Can you please try now?
Free for 3 months. but if I do not like it then how can I deactivate it. Will it charge if I do not use it after 3 months?
Babu,
GTT is still a free feature. If you plan to charge for GTT order placement in the future, we will notify all clients for the same.
Are you planning to introduce GTT on Pi platform as well? It would be better if you’re planning on Pi as well.
Using of percentages while placing a OCO Sell Order does not help as you ask to put a Limit Price rather than a differential percentage of trigger price.
e.g. LTP = 100
Stoploss = -15% i.e. 85
Target = 15% i.e. 115
Here you have asked to put the Limit Price for both. If we use percentages then it should work as trailing stop loss or moving target and the Limit Price should have a option of percent on Stoploss or Target. This feature would help investor to maximize the profit and stay invested.
Having a moving target is equivalent to not having a target because as the stock moves favourably, the target keeps getting revised and would never be hit. As for a trailing SL, again, since this is meant for long-term investments, the idea is to stay invested up to the stoploss or the target, so trailing the stoploss isn’t a great idea either.
I would disagree here. Below is the theoretical definition of Trailing Stop Loss order. I believe Zerodha has a lot of opportunities to evolve.
Trailing Stop Orders
A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached “trailing” amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn’t change, and a market order is submitted when the stop price is hit. This technique is designed to allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain. “Buy” trailing stop orders are the mirror image of sell trailing stop orders, and are most appropriate for use in falling markets.
Is Zerodha working on the trailing stop loss order? I think this would be very good feature.
Rohit, we get thousands of feature requests. Not assessing how useful they are before building something wouldn’t be wise.
how i do this? …and what is my profit for GTT order?
The process of placing a GTT order is explained in the post above. The GTT order acts as a stoploss, target, or both that you can use to minimise risks.
The order is triggered, but not executed since no funds. Now if I add funds it will be immediately executed, but current price is still lower than my quoted prices. Hoe can I modify to lower limits. During off market hours, I am unable to modify, nor cancel the order. Please help.
If you’ve placed a buy order and it is triggered when there are no funds in the demat account, it’ll be rejected. You will need to place a fresh order.
Hi I am finding the similar situation – i have created OCO GTT but next day market opened below my stoploss, GTT is showing triggered but its not sold —now i dont find any modification or cancelation Tab – Pls help how to modify the GTT. If required call me.
Hello,
Much awaited option and much advance form than others but such services are free of cost at axis direct and icici direct.
Sir what to do in GTT if my stock price float in .10 paise & .05 paise only.(eg.uvsl-be)
You can place the target GTT at any price, however, for a stoploss, you’d have to place it at 0.05, since this stock price can’t be 0.
Hi, Its a good feature. However, this feature does not allow me to place a new trade with entry price, SL and target all at once. This is something available only for bracket orders on intraday basis. I’m also disappointed to know that GTT will be priced, which i haven’t heard of.
You can place a separate GTT order for entry and another OCO GTT for the target and stoploss.
Better late than never. Is a must have feature on any trading platform. Should not be published as an value added feature with additional charge.
The limit price should have percentage setup because using a absolute value for it in cancel of using percentages does not make sense.
LTP = 100
Stoploss = 15% i.e. 85
Limit = 85
Now say the LTP moved up and it is 120
New Stoploss = 15% i.e. 102
Now in this scenario the Order would be yet triggered for 85.
Again the pop up screen of GTT order does not stay and we cannot scroll up and down. It vanishes if we click outside or try to scroll.
Hi Pavan. I see that scrolling works, however, clicking outside, as you said, will make the order form disappear. We’re working on changing this behaviour.
The scroll does not work in the pop-up window of GTT. You cannot go down by any any means. I had to reduce the screen size to see the whole pop-up window.
Hey Pavan, the GTT order window itself should ideally fit in one screen on any device. There is no scroll on the order window.
In that case then the the GTT order window does not fit in one screen. When you select OCO the window size increases and does not fit in. Also when the window opens it opens from the middle hence the lower part goes out of the available laptop screen .
Pavan is correct . There is a scroll on the order window. Even though the order box fits in one screen
I have recently opened zerodha account, and love ICICI Direct UI and ease of use. I had not shifted for many long years because of the ease of use, and multiple features, but am shifting to zerodha as I discovered that I am paying a lot of money as brokerage; and was sad that I would miss the VTC feature in ICICI Direct, but was happy to learn that a even better option has been introduced (GTT). But seeing that it will be charged, is a downer 🙁
Some suggestions on first use, which are very simple to implement immediately. (a) Please add sort feature for trigger percentage. this will help us quickly find and update prices if needed, when the price is near my target (b) Please display the Limit price as well, currently only trigger price is displayed.
If possible, request you to make it free, or with very minimal charge. Being unable to monitor regularly, I am a “fill it – forget it” type of investor, I am planning to use only this feature, as was doing with ICICI Direct. I am yet to see your reports, and will make suggestions. Hope you listen to your customers.
It’s a great product, this is something that I suggested as Product Idea to ICICI Securities some 3 years back but those folks didn’t understand or were too arrogant to listen to their own customers.
I have a small question, why the product is being rolled out for CNC only and not for Options, Margins, and Futures segment. Maybe GTT for these products could be set only for a set period like 1 week and not for a 1 year. I think since the user itself is setting clearly define trigger and limit price he is totally aware of the risk in Rs value in case of stop loss.
Yes, we’ll start offering this for F&O contracts soon.
Great Waiting Please Bring this as soon as possible
Hi, So Finally you have started GTT is a good thing, but it seems like it looses its charm in the way you have implemented it, Reason being if the order is triggered once and if the order does not goes thru next day it is not re triggered which means One has to keep a close eye on it to see where it stands, It should not be Good till Triggered it should be Good till transacted. And I do not think its a major change that cannot be implemented if you have reached so far.
If a GTT is triggered and doesn’t execute, then the price you set has very likely passed and it’s beyond that point in whichever direction. In such cases, re-placing the GTT wouldn’t help, which is why we alert you of the trigger with an email and you can place another order manually if it hasn’t executed.
Thanks Zerodha team. This feature will really help small traders like me to ensure that by ensuring that risk is managed properly. One need not to sit whole day and tracking the stock price and deciding the buy or sell call.
It will be more useful if I will be able to distinguish my holdings as in on which stock I have already created the GTT or which one not. Currently either one have to remember it or swapping between orders and holding screens.
Query,
I have 10,000 cash balance in my account.
I place Buy orders in 2 scrips (in Nifty) to buy for amount 8000 in A and amount 7500 in B
when B is triggered, and after sometime , A also gets triggered.
Explain what actions take place in my account.
The second order will get rejected.
Hi sir
Can we use GTT orders for options ?
Not right now, but soon.
Isn’t this a limitation of the broker? And why is it free for only 3 months?
That’s a great news. Keep up the good work & keep adding new features.
Thanks for adding GTT to mobile app!
Why there is no chart button on GTT order/section? We need to go to the watchlist, see the chart and come back to the GTT order to edit the order for each GTT order placed. You can stop this hassle by just adding the chart button on GTT order. Also there was a script info pop up window after moving back from the chart, which is removed after GTT update. So we need to search the script again to place order. Hope this will be corrected in next update 🧐🤔
Will look into this.
Query
How to delete triggered orders from screen
They are automatically removed after 4 days.
Awesome features 🙂 cheers !!!
I thought you said before any corporate action or announcement GTT will be cancelled and we have to order again. This is to protect against sudden price movement.
But today afer finance minister announcement, market jumped 2K points and my GTT was executed .
Did I get your feature terms wrong or what happened? Can you please explain this and when exactly our GTT will get cancelled?
GTTs are meant to cover these events when there is a big move.
Hi,
I am sorry i did not get that completely.Can you please elaborate ? .
I will put three query here, can you please share your comment on that ?
1)
do you mean 2K jump was not a big move ?
or
GTT is meant to cover means it will continue to be triggered in case of big movements (which are known before hand to move the market , like planned conference from finance ministers to boost economy etc)
I am just trying to understand it completely how and when GTT gets canceled ?
2)
For example, I may think for a 100 Rs share , 200 is big price to sell and if it touches 200, there are chances it will come down soon from over price , and offer opportunity to buy again at low after selling at 200 , and hence I put GTT sell of 200.
But in case of sudden boost to market scenario, where in single day it reached from 100 to 200(just for example) , it is more likely it is going to go even higher so i would have preferred if my GTT was canceled day before and i get to set new GTT sell, based on the mood of market and make sure i anyway set 200 as stoploss just in case market recovers that fast too.
3) is above case stop loss possible where i am not buying above 200 but , if before corporate/government event my GTT gets cancelled and next day I place it again for say sell GTT of 250 and want to sell at least at 200 if it starts falling before reaching 250 ? basically two GTT sell without any buy in that range or day, with one cancels other option ?
Hey Jaydeep,
Corporate actions announced by companies, we will know much ahead in advance on how much the stock value will actually change. For example if a stock is at 100 and a 1:1 bonus is announced as on ex-date of 1st Oct, we know that instead of 1 share of 100, client will have 2 shares of 50. So on 1st Oct there will be a 50% drop in the value of the stock. But understand that corporate action doesn’t change the overall value of the stock you own. So we have two options, either ask clients to cancel the pending GTT and modify it accordingly or cancel it on our own after informing and ask clients to place fresh GTT. The reason we decided to cancel it on our own is that most people don’t read the messages we send out to them.
Coming to a news event, there is no way for anyone to know how much the movement of the stock is going to be. Most people who use GTT, use it as a stoploss. So the idea is to protect, and if we cancel it, what is even the point of having a GTT type of order. The idea of GTT isn’t to time the market entry/exit, it is to provide long-standing orders. If you are an active trader trying to time the market, it is best not to use GTT.
IT’S A GREAT TOOL.
IT HELPS TO GET YOUR SHARE AT YOUR DESIRED PRICE, WHETHER YOU ARE NOT IN FRONT OF SCREEN,.
THANKS A LOT FOR DEVELOPING SUCH A TOOL.
Finance Minister announcement is NOT a Corporate Action, like stock splitting etc.
Don’t go on exact word, point was to avoid circumstances where high market movement is possible, it should be avoided.
Announcement by corporate or government is likely to move market too much and everyone knows it.
So either zerodha should not say there is a provision to protect from sudden market movement,
And if zerodha claim the provision for it , then it should have covered scenario of Finance minister announcements.
@Nithin Kamath – Congratulation ! on another big milestone in the great stock platform.
One question, why we are asking money on the GTT and related features ?
Thanks,
Sachiin
Maintaining and constantly evaluating GTTs has a cost associated with it, hence the proposed charge.
what If gap up or gap down open?? & my GTT price is in range of gap??
Dear concerned, please provide option to cancel all the pending GTT orders in one go if need arises. This will be useful in case of emergency and saves time.
We’ll add this feature soon.
Appreciate for GTT feature which my friend and my self was discussing that such facility should be available, and suddenly I show your post. It seems you are finding problem from market and updating software. I like the way you are doing.
one more request :
Please create some tools like dartStock which freely provide for upstock user. I show some excellent feature which help to select good stock to invest.
It would be very useful if GTT was added in F&O.
Also it would really help if it had a trailing stop loss feature.
can i short selling order in gtt means i want sell first and then buy.
example
stock -gati
cmp-43.30
i want sell in the price of 46 and after trigger the price
then i want buy 36 .
is this possible in gtt order.
Since GTT orders are CNC only, that wouldn’t be possible.
Great to have GTT , it will be very helpful to people like me who invest and trade rarely
regards
It’s nice tool,
Thanks to Zerodha Team for developing it.
Buy GTT is not triggered. Please help.
Scrip (bond) : MFL29NOV18
Buy trigger price :1081
Limit price : 1061
Last trade price: 1077.45
Date : 3oct2019
Please help.
Thanks
Saurabh
Hmmm… Can you please raise a ticket on our Support Portal? Will have someone check this.
Hi Team,
I am having HDFCAMC in my holding from long term. On 01-Oct-2019, I placed GTT Sell order with following details,
Trigger price: 2675
Price: 2675
Today’s (03-Oct-2019) low shows 2650.05, then also how this order was not triggered.
Please explain/help.
Thank you.
Hi Girish, we’ll have to look into this. Can you please create a ticket on our Support Portal? Will have someone check.
Hi Matti,
I did create a support request, that is not the point here as it was small quantity and I was just testing the system/feature.
What I am trying to point out here is, “Are GTT really trustable ?”
Two suggestions as others also mentioned,
1. Enable/Disable buttons will be really helpful
2. Along with of LIMIT order, Market order option should be there.
Thanks.
1. Cancelling a GTT and creating a new one whenever required would achieve the same result. Don’t see the value add of the disable feature.
2. Market orders bring with them significant risk of impact cost for illiquid scrips, hence limit orders only.
These products are good but why is zerodha giving very low margin against our holding s for selling of derivative contacts…. While other brokers are providing good margin even with out collaterising the holding……
In zerodha we have to pay for collateral…
Apart from all these since zerodha is charging lowest brokerage… We have to bear with your technical errors also….
Shall I take that the lowest brokerage in the market comes with the lowest quality…
Kindly reply…
Regards
Sriram
DS5331
Small suggestion:
Why cant we have a unable/disable button against every GTT that is created !!
When a GTT is created successfully, it comes in ACTIVE state. If user doesn’t want his order to be triggered for some reason, the option currently available is ‘delete’.
If one button “Active/Disable” is provided, user can enable or disable a particular GTT on the fly without deleting it. It will be very helpful.
In GTT, it’s good if we also have MARKET order. Right now, it is only supporting LIMIT order.
GTT can be used for nifty or banknifty option??
Not right now, but soon.
From when will you start charging for gtt?
Great feature! Thanks much!
Please make available this option for other segments like options and also for day trading. I mainly trade in options and if this option is available, target price and SL can be set as once
Thanks
Arun