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. For better chances 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, the higher the chances of the order being executed.
- 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,
What bullshit you are creating.? Make it easy everything. Give options to Advance users also. I stoped trading because of these complications.
One thing in this TnC seems not correct and one addition is required.
1) The statement which seems not correct is – In section GTT OCO, mentioned that ‘This order will executed if you have a stock in demat account and buyer is available’. Here, any shares if we buy then it takes time to till T2 day to reflect in CDSL, that is demat. But i think the stocks which bought on T0 or T1 then also oder will execute. Please investigate.
2) The thing which is not covered or i missed to understand is – Suppose if i place order for SL. Share bought at 100 Rs, SL order in GTT as 96 for trigger and 95 for Limit. Assume if stock has and went to Lower circuit at 95.5, first my order will trigger but not sure by this scenario the will be executed if any buyer is present at 95.5. or it is compulsory that limit should reach 95 then order wille excute, similarly for UC i have doubt please clear.
sir how i can creat braket order (entry/stop loss/target/quantity) using GTT when market is not running
Hi Ashwini, the Bracket Order feature has been discontinued. Here’s an article that explains why.
You can use GTT orders to place targets and stop loss. More on this here.
Why do we have both Trigger price (TP) and Limit sell order (LSO)? Was not TP sufficient? I understood that the LSO should be more than TP.
It is very useful for selling stocks with GTT.
Can you please incorporate feature like, Suppose I want to execute GTT order only between 3.00PM to 3.30PM.
It is very useful to many people , if it is provided
Hi Venkata, will bounce this off our team. Thanks for the feedback.
I placed 2 gtt orders for MON100
1st one was Buy order at 196.5 for 280 quantities and 2nd one was sell order at 200.5 for 280 quantities.
But my sell order got triggered first how can I execute the buy order at the LTP
BPCL STOCK I PLACED A SELL ORDER, SHOWED ME GTT, ORDER EXECUTED, WANT TO CANCEL GTT ON BPCL, IM UNABLE TO DO IT KINDLY CANCEL GTT ON BPCL
Hi Ajaz, 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 cannot be canceled or modified.
In one single GTT order, i need entry, stoploss, target. Please provide
I want it by one week pls will I get it
Thanks for this feature and a great write up. A quick question on the But GTT order example. Is this correct? The example says limit price (₹1505) to be greater than trigger price (₹1500) and expects it will execute like a market order when triggered – this seems incorrect. Or am I understanding incorrectly?
Hi Anandh, for better execution, its best to 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. We’ve explained this here: https://support.zerodha.com/category/trading-and-markets/gtt/articles/gtt-market-orders
Very useful information and tension free facility provided for trading in desired stock at desired price after market hours. Thanks for the easy explanation with examples.
I m very glad to know that its all time free and time saving to tension information for all friend in this critical time also for money saving. Its best idea for GTT I hv now understand it very clearly
So thx your team
How to place gtt when option value is .05
Can I put a GTT order on an option where the quantity is more than 1800?
Can I use GTT before opening the market
Hello Team,
Can we have option to H-Over on trigger and Price and other tags for quick functionality check ?
Also sorting option for watch lists based on currently available columns(Name,Price change,% change and current stock price)
Thanks
Is it possible to place a GTT with product type MIS.
There is no option like angel one which shows.. best gainer today.. 52weeks low.. 1week high.. best returns in last 6montha etc. Options.
It’s easy with those options to analyse market for new comers.. like me..
I have zero knowledge of shares.. but I m hav a very good analytical skills..
Any hopes from zerodha ??
Fantastic feature in fast varied market index.
is zerodha is working on drag and drop trading feature which is available on tradingview charts? A new OPPORTUNITY feature by which you will capture a new market cap .
Hi Sainath, will bounce this off our team. Thanks for the feedback.
Is it possible to place an order through GTT without any trigger price so that it will be executed at the opening price of a share?
It was a very useful Post on GTT. Thank you.
Is there a feature in Zerodha or can you create one to split my holding into different wallets or buckets such as for long term holding, or short term selling or free shares?
Suppose I hold 100 LT shares and I want to keep 75 for long term and use the 25 for short term trading? This will ensure that I do not have to keep track for each of the scrips I hold.
Hi Muthukumaran, will bounce this off our team. Thanks for the feedback.
My stoploss is triggered but stock is not sell in gtt order.
Is gtt is better’ than bracket order .
I was looking for bo order and requested many time to support team but after reading about GTC or gtt order.i am little bit calm now
. I Will try to apply in Nifty and bank nifty.
HOW TO CANCEL TRIGGERED GTT ORDER IN ZERODHA
Hi, the GTT order cannot be cancelled, once triggered, the GTT will become inactive and will be automatically deleted by next day.
Can we place Bulk GTT orders.? Something like an excel sheet, we prepare all the stop loss and trigger prices for our holdings and click on upload instead of entering single GTT every time.?
Hi,
I tried to place-GTT on Bandhan Bank Qty 390 @ Triggir price- 208.67; Qty- 390; Price- 208.55
Error creating GTT – ‘Cannot add more than active triggers.’
What is this ?
Thank You,
Plz do something about scalpers….some one click order execution and placing order quickly for future price ….make it simple for us
Can i place GTT order for Nifty Option CE strike 26000 in which trigger is based on nifty index price?
Why is the GTT not available for Commodities/ Crude Oil F&O?
If Through GTT , option trade executed in normal delivery, what happen of stop loss if market open next trading day in Gapup/Gapdown
Hi,
For GTT, what is the date it is applicable till? Can we make it applicable for next one week, one month, one quarter etc.?
Regards,
Gayathri
Hi Gayathri, a GTT order is valid for one year or until triggered, whichever is earlier.
Sir”BO “AMO/PMO me and “NCL” GTT BUY me “OCO” bhi diya jaye
Dear sir Still more development required in zerodha application and taking too much time while triggering orders
Hi Sagar, we’re sorry about this. Could you please create a ticket on: https://support.zerodha.com/ with details of the issue, so we can have this resolved at the earliest?
i have 2 queries.
1. If i have a stock in T1….. Can i place stoploss?
2. Can I raise buy order with stoploss in GTT ?
Yes, Dipak. You can do both.
Please show the curve contour for price movement in place of straight line shown presently to help the day traders for taking decision accordingly.
Hope it will be revised in the price movement page
Sir how to delete a buy GTT order as after clicking it does not show option of modify or delete
Hi Pankaj, if the GTT order is already triggered, it cannot be deleted. It will be automatically removed the next day.
Actually I don’t understood in GTT that if I put buy order in oco as per my understanding supposed 100 Rupees is the price I wanted to buy at 90 Rupees my target will be 110 and stop loss will be 80 Rupees why GTT is always showing trigger price stop loss should be more than target price .
I had placed GTT BUY order, which was triggered 2 days ago and was not executed.
But that GTT order still appears in GTT book, showing TRIGGERED, and validity of 1 year.
There is no option of deleting such triggered GTT orders.
When will this triggered order disappear from GTT book?
Hi Ibrahim, once the GTT is triggered, it will become inactive and won’t be triggered again. The triggered GTT will be automatically deleted by the next day. If it hasn’t been deleted, please create a ticket on: https://support.zerodha.com/ so we can have this resolved at the earliest.
If gtt meet trigger price specified number stock automatically sold or need TPIN
Hi Prem, CDSL TPIN authorization will be needed if you haven’t submitted DDPI. You can check the status here. If you have not submitted DDPI you can do it by following the steps given here.
I placed two GTT sell orders. After gtt sell order executed the amount doesnt shown in funds. How long will it take to show the amount in available funds
If stoploss is triggered for any stock… Stock will automatically sell or I have to sell it manually? If it sales automatically then after how many hours?
Hi Rahul, once the GTT is triggered the sell order will be placed on the exchanges. The execution will depend on market factors, like price at the exchange matching your sell mit price.
on 05_07-2024 to day i had 72 unit of VRAJ_BE, 0ut of which 30 has been sold
remaining 42 were in my accout
further i placed several order For sell through GTT FOR QUANTITY. -45
-QUANTITY. -30 QUANTITY. -30. ,QUANTITY. -12.
I undrstand that 75 extra unit ( which i did not possess in my account (VQ7357) was placed for sell hence it was not allowed TO TRADE. While they all GTT are triggered
But i am unable to delete it once it is triggered. will it disappear tomorrow.
WHY NOT YOU PLEASE INTRODUCE TO MODIFY & DELETE THE GTT otder once triggered but not traded.
himanshu kumar sinha
VQ7357
Hi Himanshu, we’ve noted your feedback and will look into the possibilities. Thanks.
Please provide option for GTT is valid till what date.
If not executed then it should be cancelled automatically.
Hi Priyank, will bounce this off our team. Thanks for the feedback.
why I can’t place OCO order in KITE Mobile App
Can I use GTT for intraday orders?
Hi Shobana, GTT can be used only as a CNC order and not as an intraday order.
Gtt sell order CDSL tpin authorisation must or not?
The GTT orders selection of Exchange is not available when placing GTT orders. it’s defaulting to BSE.
Thanks for GTT, but I can’t find cancellation procedure, please send details through Email
Hi, Can we place a Target order and a Stop Loss Market order instead of a Stop Limit order when placing an OCO GTT order?
why gtt order window has no option to choose exchange like in normal order create window.
Hi, we’ve noted your feedback and will look into the possibilities. For now, if you want to place GTT on a specific exchange, you can add scrip trading on that exchange to the marketwatch and then place the GTT order.
If I buy intraday and create gtt to sell, it will sell those stocks only right? Similarly for selling intraday and then placing gtt to buy
How to sell shares with dynamic stop loss(Trailing stop loss) limit.
Hi Punit, trailing stop loss is not available as it comes under algo trading. This feature was previously available as part of Bracket Order. We’ve explained why BO has been stopped here
A VERY VERY GOOD CONCEPT.
Can Sell GTT – OCO be used for existing positions in stock options and index options?
triggered gtt order ko kese cancel kare
Hi Dikshita, once the GTT is triggered it will become inactive and be automatically removed from the GTT tab, it cannot be modified or cancelled.
Hi, This is much useful because if trigger not completed, we need to place new one cancelling previous one. Welcome this new measure.
Here, please tell, can I look chart and orders placed in same screen without minimizing one another? For modificiation of order placed while seeing chart, now I minimize chart and open order placed. If I can do modiciation in relevant to chart move in same screen, it would help me please.
Zerodha is a fantastic platform for investment and trading the stocks.It is very convenient to use and many technical analysis tools and indicators present in Kite App helped me to learn how to trade and invest in stock market.
What is mis and cnc while placing selling order?
How to check if poa is signed? And confirm to clarify if I hv signed poa then once the sale order is placed, mo need to do cdsl pin authorisation
Hi Sandeep, we’ve explained what MIS and CNC mean here.
You can check your POA details here.
If it is active, TPIN is not required.
For Sell GTT orders, do we need to authorize on the date of creation/modification of GTT or we must authorize on the date of trigger of GTT?
Hi Punit, on the date ff trigger. You can either pre-authorise it at the beginning of the day after 8 AM or activate a DDPI to avoid the TPIN process.
Pls provide entry stoploss and Target in one order together, in gtt SL is given only when I try to sell, it should also be given with buy order, Amo/ PMO should also be given with buy order along with Target and SL
Sir please provide Bracket Order in position stocks entry in long term
Hi Saheb, the bracket order feature has been discontinued for some time now. Here’s an article that explains why.
Is there any charges if buy GTT price triggered and enough money in account OR sell GTT triggered and not enough stock in the account?
Hi Vinayak, GTT is completely free, and it has no additional charges.
Please provide the explanation about the need to authorise the delivery of your shares using CDSL TPIN. This is not applicable, if you’ve submitted a POA.
Hi, we’ve explained why you need to authorise your shares with the TPIN here.
Yes, this is not applicable if you have already submitted a POA.
hi this is karthik , i have a question regarding on auto upgrade stoploss or target
ex; my price is 100 stop loss is 90, target is 110 but when it goes 105
my stoploss is 95, target is 115 but it goes 110
my stoploss is 100,target is 120
this feature is available in zerodha,if ia where i can find it?
As I did some transactions of F&O in GTT , but now I want transactions in normal , then I close GTT
I have an active GTT for sell placed which I need to delete but is not getting deleted saying trigger price has been activated.
The order has already been rejected.
Kindly help me delete this GTT
Hi Saurabh, once the GTT order is triggered, it will become inactive and the placed order can be canceled by going to orders screen. The inactive GTT order will be automatically deleted from GTT orders tab by next day.
I want to enable GTT order.How i do it?
Hi Gourab, you do not have to “enable” GTT; it is a feature already pre-existing. Here’s how you can use it.
Dear
I want a pdf view of my investment with charges
Kindly include MIS order option in GTT orders.. Otherwise the app is jus perfect..
Hi, thanks for the feedback. We’ll check on this.
Hi, I creat the GTT, but it creat in BSE, how to change the GTT from BSE to NSE.
Hi Guru, you cannot modify the exchange in a GTT order, you can delete the existing one and select the stock from the preferred exchange and then create a new GTT.
SIR PLEASE TELL.HOW TO. CANCEL GTT CREATED ON RPOWER SHARE
Hi, GTT orders can be canceled by going to Orders > GTT on both Kite web and mobile app.
As sell GTT will not be executed then what to do so that a sell GTT can be executed.
How to create GTT at lower than LTP
Hi Dhrubajyoti, the process remains the same.
Would it be possible to provide an option to set an absolute price for TP and SL instead of a % value ?
Setting % value means that in order to set a precise TP and SL values I need to convert the price to % value that matches my precise TP and SL points and then enter that % in the order ticket.
Hi Lakshmi, your feedback has been noted. We will check into the possibilities.
Why no TRAILING STOP LOSS feature????? . I’ve waited a long time for this feature in GTT. Planning to move my ionvestments elsewhere as this is a crucial feature for my strategy of trading and i belive its the same for lots of other traders.
Hi Joji, trailing stop-loss is not available as it comes under Algo trading. This feature was previously available as part of Bracket Order. We’ve explained why BO has been stopped here.
If I want to place a Buy order with stop loss as well as target, then I will have to place two GTT orders
1. GTT to buy when desired LTP is hit
2. Another GTT Order with OCO option to sell either at stop loss or at target price
Why don’t you provide a common single GTT option for this ?
Hi Vivek, your feedback has been noted. We will check into the possibilities.
This GTT is a great feature indeed. Only yesterday I decided to move my portfolio to Zerodha (from a full service provider) mainly due to GTT. You will see over the next month the actual size of my portfolio when the move fully happens.
I request you to include a BUY example where the buying price is lower than the LTP.
I mainly would use GTT for two purposes:
a. For not having to enter orders every day – both BUY and SELL
b. To place orders outside the daily limits
I think GTT feature of kite is very good but I want you to make it possible that Entry, Stop loss and Target orders can be placed together even after market hours
Hi Kamal, will bounce this off our team. Thanks for the feedback.
Why Market price option is not there in GTT for Options
Hi Deepak, you can use GTT order as a market order, we’ve explained how to do it here.
Sir,option trading me iska use kar skte he.
Why GTT order are not been allowed for commodities market
Hi Gourav, GTT orders are currently not available for Currency and Commodity F&O. This is on our list of things to do, we’ll keep you posted on it 🙂
OCO is a feature I have been awaiting for. Excellent. It is very nice that you & your team keep thinking about features those will be beneficial to your users. Thanks a lot.
Heard that you had some Heart related issues. Wishing you a quick healthy recovery !!
I am absolutely New player in this field so I want to know how we can cancel the stoploss and trigger status because I want to hold my portfolio for long time but we observe my shares sell on trigger price but I am not interested to sell the same.
Hi Rajbadhur, you can cancel the GTT order anytime by going to Orders > GTT.
GTT got triggered but since CDSL not authorised order not executed .
Now it is showing as triggered but not executed . How do I sell my equity now . I am not able to delete the GTt , how do I delete the same
Hi, If I am creating a GTT for buying a stock, would I have to add funds in the demat account then or it will ask for funds when the price is triggered? For ex- If the trigger happens at 11 AM but the stock price still moves upper and there are no funds in the demat account at that time. What will happen to my order? I am asking this because if there is any idle fund in my demat account for a longer period, it gets transferred to my bank account automatically.
Thanks
Hi, you will have to ensure you have the funds available in your trading account. Else it is bound to be rejected due to insufficient funds.
Very nice platform created fro small investors who have other work during market hours, no need to login or fear of losses when persuing other work
Thanks
Why my gtt rejection??
How can sell my holding shares tell meee
Very nice feature leaving us tension free, thus saving time and keeping us worry free.
How can i authorized cdsl tpin for sell gtt order
For all time
Hi Manish, your sell GTT orders need to be pre-authorised using CDSL TPIN every day since the validity of the TPIN lasts only for a day. Alternatively, you can submit a DDPI to avoid using the CDSL TPIN.
How can we Authorize with CDSL after GTT sell is triggered?
Hi Tariq, the GTT sell order needs to be pre-authorised. We’ve explained how to here.
Hi
Plz generate my GTT application
Thank for unveil of ZERODHA application because now knowledge of market and sensex made easy.
Can i not place GTT’s for intraday options positions?
Hi Goutham, GTT orders can only be used for CNC/NRML product types, not MIS. However, with CNC or NRML you can buy and sell on the same day, and it will be considered an intraday trade.
My GTT is triggered. I don’t want to authorize CDSL and sell the instrument now. How do I cancel my GTT now?
Hi Aasif, once your sell GTT is triggered, your order won’t be executed until you authorize it via CDSL TPIN. If you don’t wish to sell the instrument, don’t enter your TPIN and authorize the sale.
BTW, once the GTT is triggered, it’ll become inactive. If your order isn’t executed, it’ll show as open in the “Orders” tab, and you can cancel the pending order from there.
I’m unable to generate GTT in my demat account. Please help me Sir.
Hi Chowdhury, what seems to be the issue? Could you please create a ticket at support.zerodha.com with details of the issue, so we can have this resolved at the earliest?
Gtt is very useful
After creating a GTT for SELL, How do we get the CDSL authorisation to ensure that the SELL goes through?
Is it possible to change the Exchange, i.e., NSE to BSE or vice versa?
I can not update GTT asy price.
System not allow to keep SL and target less then 0.25%.
So we cant keep SL and target at our price..
Why there is 0.25% is mandatory??
While buying orders u have provided GTT in % for stoploss or gain…pls modify both option in the form of % or digit while buying in mobile app.
Why OCO is not allowed for intraday (MIS) F&O? Please add support for this.
I have a stock in my holding. I want to create a gtt that gets triggered when stock price reaches 3,00,000. I am not able to do the same . Please help.
Hi Puneeth, what seems to be the issue while setting up a GTT? BTW, you can set up a GTT with any price less than 1,00,00,000.
Hi
Is there a way i can create /import bulk gtt orders for holdings. i see this feature is useful more often is what i feel. kindly share us the information on how to it
–
Ram
Hi Ramalingam, you can create 250 GTT orders at a time.Explained here.
GTT is valid for one day only or for long term also?
Hi Dinesh, we’ve explained this here.
A good feature!
Have a query though!
GTT was placed at a higher price for sell. GTT gets triggered when the price was reached. Since CDSL authorisation was not made, the item could not be sold.
Now, later in the day, price being higher than the triggered price, if the seller gives authorisation, would the time be sold at the triggered price or the new price at which the seller wants to sell?
It would be helpful to receive a reply!
Thanks in advance!
Hi, once a GTT is triggered but fails execution, it will remain failed. You can manually execute a new order by authorising the sell order with a T-pin. To avoid this, you can pre-authorise your GTT sell order, explained here
Feature request: Please add single execute/submit switch for all GTT orders, what happens when market starts at 9:15 some scrips have abnormal rate fluctuation, so if execute or submit button available than user can execute all GTT order at their own time.
My GTT is triggered, did not execute due to lack of a CDSL PIN. I want to cancel / modify the order. Unable to find a way to do that. Pls advice.
Hi Rao, once GTT orders are triggered, they cannot be modified or canceled. You can pre-authorize the sell GTT orders here.
HI ,
i have another query for gtt order.
why cant you provide trigger price and market price order inspite of trigger price and limit price order for target and stop loss.
it will sure execution of gtt orders.
Is the any limitation from exchanges on market order for gtt.
Thanks
I am waiting for reply from you people for my last question its more than half month still no answer.
Can we use Sell Type Single GTT as a Stoploss?
When we place order for options for overnight position we have gtt option but there is only % option showing they should have both absolute amount like stoploss 30 points target 30 points.it will be help a lot.
We’ll check on the possibilities, Rakesh, Thanks for the feedback. For now, if you want to make any midifications to the GTT order you can do it by going to Orders > GTT.
HI ,
i just talked to customer care and lots of people have same demand to display in absolute nos in place of percentage but you people do not look serious. I am working in option and you know how much volatality is there.
we are going to calculate percentage into nos and we do not have time for this.
Please do this asap.
Thanks
If we have a sell GTT active. Do we need to authorize the delivery shares using CDSL TPIN everyday?
Yes, Phani. To ensure that the order isn’t rejected once triggered, you will have to do CDSL authorization everyday.
Last Wednesday I had placed an GTT order for stoploss it didn’t triggered and I loss Rs. 6015/-
Pl refund the amount
Hi Vipin, we’re sorry to hear this. Could you please create a ticket on: https://support.zerodha.com/ with details of the issue, so we can have this resolved at the earliest?
I am not able to delete GTT order, please,thanks.
Hi Suryakant, only active GTT orders can be deleted. Triggered GTT orders cannot be deleted. We’ve explained how to delete them here: https://support.zerodha.com/category/trading-and-markets/kite-features/gtt/articles/delete-gtt-order
Gtt nahi lagta kiv
Hi Ganesh, could you please create a ticket at support.zerodha.com with more details? Our team will check and get back to you on this.
How do I create an order having validity of more than 1 day (user defined expiry date)? Let’s say Infy trades at 1400 and I would like to buy it at 1200 (+- 5% is okay). Rather than logging every day I want system to buy it for me when price gets triggered. Is this possible?
Hi Abhishek, you can already do this using GTT orders. However, the validity of a GTT order is one year from the date of creation or until triggered, whichever is earlier.
GTT for Sell has triggered once, but i dont want to sell the shares now. iam not able to remove the GTT now. unknowingly i selected GTT while buying i wanted to keep the share for long time
Hi Karthikeyan, once the GTT order is triggered it’ll become inactive. The order can be canceled from the order’s screen, if not executed.
Hi Karthikeyan, if you haven’t already pre-authorized the sale, you can avoid entering the CDSL TPIN & OTP if you don’t wish to sell your shares. 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).
Coz sometimes support level is at 1490. If its break Then We will Buy it so
How to cancel/delete a triggered order?
In case a lower trigger(Means LS) actuation will target be still considered if SL price is not reached.
Hi Arvind, 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).
Hello. For GTT can we add feature of sorting as per alphabetically. After placing few orders, one needs to check manually which is added and which is not.
Hi Laxmi, you can sort using the alphabets on the web. However, this option isn’t available on the app, we’ll pass this as feedback and look into it.
In the GTT Buy Order example:
“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….”
Why would anybody do all this to buy at 1505 when it can be bought at CP of 1485.30? Am I missing something? Or, is it sell function applied, as it is, to buy side. Make sense in selling at a target price, but not to wait and watch and the buy at higher price!
Hi! I placed a Single Sell GTT order for Titan today where my Trigger Price was higher than Limit Price but as soon as my trigger price hit my holdings were sold even when the price did not come to limit price. Shouldn’t my holdings be sold at limit price set by me and not trigger price?
Hey Hursh, a limit order will execute at the price specified or a better price, that is the price specified for a lower price for a buy order and the price specified or a higher price for a sell order. When your GTT was triggered, since the CMP would be higher than the sell price specified, the order was executed at the best available price in the market. We’ve explained this in detail here.
I had created OCO GTT order on LT22OCT 1900CE NFO today with SL 36.75 and target 51.15. GTT was triggered at 9:18:54 but could not fire, why? what is the reason? I am sitting at 3735 loss.
Hey Sampat, once the GTT order is triggered, a limit order is placed, which will execute at the price you’ve specified or a better price. If the price goes beyond the limit price specified, the order will remain pending. More details here.
how to place bulk gtt order in zerodha
I just switched over to Zerodha due to discount brokerage and found that it doesn’t have bracket orders, huh!! BO orders are the most important for Risk Management as we can’t be trailing SL manually with other order types. Will move out to other brokerage till Zerodha brings back BO orders as my strategy heavily dependent on BO to minimize loss. Wake up Zerodha and help retail traders.
Zerodha is really worst .. don’t use this app . many times i have raised the complaint but still no there is no response . this is the very worst behavior and too worst .
I have created the GTT on 18-08-2022 it was created but next day ie 19-08-2022 07:33:00 am it was expired . Very worst behavior and cheating the people .I have evidence for that .
Zerodha is very big and No.1 flatform for Trading.
I feel bad, about trailing loss is not available
Hi Team,
2 features require into GTT order.
1. Bulk GTT Order create using excel
2. Bulk GTT Order Delete from the GTT Screen.
Hey Harsh, we’ll pass this on as feedback to the concerned team and will look into the possibilities. Thanks.
Hello,
What is the progress in the ‘Bulk GTT order through excel’?
Also, what is progress into merging the equity and commodity account into one?
We are waiting for above mention problem to be solved from a long time. it is nothing but the sheer loss of opportunity.
Thanks,
I placed a GTT order while buying nifty option premium. The GTT order is still showing in the order section even after 2 days my stop loss got executed. Is this order still open? Why it is taking long to get disappeared.
Hey Soumyajit, once the GTT is triggered, it will become inactive and will be automatically removed on the next trading day.
holding option i create gtt (OCO) i see on top stock BSE,,, but i was buy NSE stock~ which my hold ,,will it create any problem / charge
Hey, stocks in your demat account don’t have any exchange mapped to them. You can sell the stocks on either exchanges, there are no additional charges for this. Kite holdings display the exchange price where the previous closing was higher. Explained here.
thank you for respond / reply
Thanks for this wonderful feature… I would like to provide suggestion if we can put market price order if GTT hits triggered price…As current price is 100 and Triggered price is 102 than system automatically place Market price order… It will help to buy at Open Price purchase… thank you….
Hey Vatsal, in the above scenario presented by you once the GTT is triggered, the order will execute at the best available price in the market, but not beyond the limit price specified by you. We’ve explained how this works here.
suppose if i place trigger of 100 rs and limit buy price 101 but in volatile market suppose market move direct from 99 to 105 will gtt get trigger or not??
Hey Nandan, the GTT order will trigger, and limit order will be placed at the price specified by you. If the price moves beyond the price specified the order will remain pending. 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 check out this support article for more details.
hi team how to calculate GTT target percentage????
plz explain in option trading not equity
Hello team,
I had 25 qty(buy) BANKNIFTY in my account which I was holding from yesterday. I had kept a GTT(sell) for it but then I manually exited it(Sell). I forgot to delete the GTT. After this point, I have no BANKNIFTY future holdings in my account. Neither sell nor buy.
Later in the day at 3:16 pm I see that the GTT has been triggered and a BANKNIFTY SELL order has been placed. Can you please change this feature because as I manually exited my position and also there were no other banknifty future holdings in my account the GTT should not have been triggered and order shouldnt have been processed. Even if it gets triggered it shouldnt have been placed because I had no bank nifty futures in my account to be sold.
Thank you
BNF futures can be sold even when you do not have an existing position. You can Buy then Sell a future , or you can Sell and then Buy a future.
how will zerodha know you are sqauring off or creating a new short position….the feature ur demanding makes no sense…it will be annoying for person who want to create fresh short and at same time his gtt for open position will also get cancelled…
In option trading nifty buying a call in GTT oco order how to place a order and stop loss.
Hey Pranay, currently you’ll have to visit the GTT order page to edit or modify your trigger price. We’ll take this as feedback and will look into the possibilities. Thanks!
Hi Team,
While placing a normal GTT order, the trigger price and target sale price is the same. We have to edit the trigger price once the order is executed. Can you please add a option to set the trigger price on the first page itself so that there is no need to edit the trigger price.
Please provide an import option, from excel into GTT.
Hi,
Below as per Zerodha expalination w.r.t GTT help
——————————————————————–
https://zerodha.com/z-connect/tradezerodha/kite/introducing-gtt-good-till-triggered-orders
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
——————————————————————–
MY QUESTION
Can i use GTT the same to Below current price
Current price of Reliance = 1485.30
Trigger price = 1300
Limit price = 1290
Anyone please confirm. OR Someone from Zerodha please confirm if the above is possible where i place GTT orders to get good entries /buy on DIPs
Hey Sunil, yes, you can use GTT order to buy below the CMP as well.
Old content and poor GTT plateform..pathetic..why are you not allowing BO/AMO/PMO too..conect with me if its under paid serives ..dont know where to connect and have the complete demo of using ZERO..you wanna make now peoples money to ZERO
Good evening traders
I am novice to do trading at Zerodha and today being second day, few points to ponder and I may be corrected for inexperience.:
1) On FNO segment and on position page, once the order get executed ,you get only the P&L and LTP(Which keep changing),Theres no sign of Bought price and sold price.
2)On execution of orders on similar strike(Option) NIFTY 17500 CE/PE the cost price change to the cumulative avg price of the same strike price.
Problems I encountered :
Scenario One:If your previous trade on FNO Cost price was Rs 100 SELL price @ 110 and you generate a profit of Rs 1000(Nifty Lot 50)
Scenario Two: Current trade on same Nifty 17500 CE/PE and I bought the strike at Rs 110(Nifty 1 Lot=50),and now my cost price shown in position page as avg Rs 105 (when compared to Previous order bought at 100)
Now I see on screen that my avg price is at 105 and I decide to sell off at 108 thinking Rs 3 profit, however actually I am loosing Rs 2 x 50 =Rs100/Lot) on my second trade.
The cost price appears for a second while buying the lot but it disappears very soon and you tend to forget or notice what price you bought for and get distracted with the avg price on the position page.
Can something be done to it ?
Its better to have the cost price of each trade while doing the assessment on your position during trading time and even before execution and sold/sq off price at the end of the trade with P & L and LTP.
pls do revert.
Cheers
Pls introduce square off all position with one click on the counter. Merits and demerits are well known to all traders….as well as to the administrators here.
A No 1 brokerage farm must meet the minimum expectations of traders.
Cheers
Check the executed orders under the order Tab.
the live prices that you see, are in the “position” Tab and the “order” tab is on the left side.
Sir,
I realised that FROM MARKET WATCH I CAN CREATE A GTT ‘CNC’ SELL ORDER FOR STOCKS WHICH I DON’T EVEN OWN !!!!! How is this possible? This shows:
1) The GTT order system is flawed. In CNC, how can I sell stocks which I don’t own?
2) The GTT sell order created from market watch is not linked to the holdings.
Also, there is no provision to choose the exchange. In some cases, it is either BSE or NSE by default.
Please provide feedback on these issues and resolve them.
In Zerodha GTT Sell OCO order placed, say last day closing rs.100, Target Trigger price Rs.107 & limit price Rs.107. if the opening market price is Rs.110. …at what price sell will happen?
Can GTT be used for Stock Future buying or Selling ?
People talk much about Trailing Stop Loss.
Is it available on Zerodha?
Probably, this question might have been answered somewhere. But honestly, no time to search.
Please do reply.
Can I place a GTT Buy Stop Loss Limit order?
E.g, CMP is 10, I would like to buy @10.6 only when LTP crosses 10.5. How can I do this using GTT?
WILL GTT STOPLOSS CAN BE TRIGGERED IN PRE MARKET OR IT WILL ONLY GET TRIGGERED AFTER 9:15.
Hi
Cover order Banned by Zerodha from today itself for Bank Nifty and all other option trades.
Can we use GTT order in place of cover oder. Is it working or its also banned for Bank Nifty.
Please confirm.
No need to me, how to cancel gtt if creat by mistake.
Let’s say i want to buy Naukri Futures @6700 rs, 1 lot, positional. I want to keep a stoploss @6030. So, can I say buy Naukri Fut 1 lot at 6700, GTT Stop loss -10%? Would this GTT SL Order exit the current long position of the future or create a fresh sell order? Please do let me know.
Dear Team,
GTT and watch list is a very useful feature.
Many like me are feeling that a maximum of 50 GTT and 250 watch list per account is not sufficient.
Please increase it both up to 500 and 1000 respectively , so it can benefit us more
I saw some comments above, they also requested to increase the GTT and watch list limit of 50 and 250.
Please consider our request
Thanks and regards
Umesh Gupta
Sir,
I am a new user of Zerodha.
I placed a GTT order for a stock on 06.08.21. The GTT was triggered on stoploss side on 09.08.21 morning before aurhorisation to CDSL for sale. As a result the GTT order is not executed till now inspite of authorising. Price of the stock is falling further, but I do not understand what should I do now.
Please advise early to avoid further loss.
Regards
KK Ghosh
How can option writers use GTT feature? It seems like the current validation logic restricts them from placing GTT because SL must be a negative percentage (which is a positive % for an option writer) and target must be a + % (which is a negative % for option writer)
I also have this query. Eagerly waiting for reply and resolution.
Dear Team,
GTT is a very useful feature.
Many like me are feeling that a maximum of 50 GTT per account is not sufficient.
Please increase it up to 200, so it can benefit us more
I saw some comments above, they also requested to increase the GTT limit of 50
Please consider our request
Thanks
Sandeep
Please
Hello Team,
I had one doubt about margin requirements using GTT orders.
consider this example;
let’s say I’ve 4L as my capital, & I bought say 10 lot of Bank Nifty at avg price of 450.
So net margin needed should be 1.13L.
Now Let’s say I place GTT OCO order, so either my SL or TGT gets triggered. In this case, when the order gets triggered would I face margin issues, or I don’t need any additional margin in my account?
Some brokers allow Bracket Orders (BO) in Index options, & with above example I wouldn’t face any issue, placing BO. I hope GTT OCO for index options is a substitute for BO on Intraday level, since you don’t allow BO anymore.
I shouldn’t really any additional margin (when GTT is triggered) is my understanding, but pls advice for above example.
How to auto-trigger purchase when the stock price dips to a particular level from LTP?. The example cited in the “Buy GTT” section of the above page shows current price of Reliance as 1485.30 and the trigger price as 1500. Why would anyone prefer to buy when the stock reaches a higher price. Is it possible to set auto-buy trigger price below current price so that order can be placed automatically with-in next few days whenever there is a dip in stock price?.
I see GTT is very useful feature and many of Zerodha’s customers including myself are using it extensively. I do all my trading through GTT. Many like me are feeling that maximum 50 GTT per account is not sufficient. I would like to know following things from Zerodha.
1. Why there is limit of maximum 50 GTT per account at first place?
2. Is there any plan of increasing this maximum limit? if yes, How many? My personal suggestion is that at least 200 GTT per account is required.
Hi..
If a stock closed at upper circuit….. and if, I placed buy GTT at next upper circuit after the market.. So, at what sr. no. do my order will stand.. I mean i will be considered as first buyer next day or have an advantage for buying the stock than other people who add manually next morning for the same stock at upper circuit. Pls elaborate.. How system works ?
Sir,
does GTT stop loss trigger takes care of Gap Down opening. Will it trigger ?
For GTT orders, can you provide an option to have Stop-Loss Market price instead of insisting on a Limit price always ?
In many cases, if the market gaps up or down, the GTT gets triggered, but the order is not executed if the market price is above the set limit (for Buy order) and below the limit (for Sell order).
Please provide an option just to set the Trigger price, and let the order be executed at the market price.
ONCE TRIGGERDED CAN A GTT ORDER BE MODIFIED OR CANCELLED, IF YE THEN HOW?
Will GTT place orders in pre-Open market hours ? There are few stocks which open in UC and lot of pending buy orders. What i know is that if some body sells when multiple orders are there, then priority is given for orders which are placed first.
Is there any option to place order on priority during pre-open market hours from Zerodha ?
I have placed Buy order in GTT which got executed also I have placed the same order for sell which is triggered and i exit from this trade so there is no any order i can see in position but still I can see the same order for selling executing on Days Order List, will that we lose for from my account?
Is there no option to have GTT for Intraday cover orders?
We really need this feature and can’t go to losses without booking profits.
If this can’t be done on Zerodha, we’ll have to look on some other brokers.
Thanks and please respond to this.
GTT has a very NEGATIVE FEATURE…I have placed a BUY order for RELIANCE with TRIGGER PRICE.. YESTERDAY it was triggred but TRADE is NOT EXECUTED so far..NOW I WANT TO CANCEL or MODIFY the order..it is very sorry to say that the order is now shown under the TAB of PENDING ORDERS and under GTT tab the order is shown as TRIGGERED and not ALLOWED to do anything..As per your website, such orders can be modified under PENDING ORDERS TAB.. But THERE IS NO SUCH FACILITY.. TODAY, I tried calling CUSTOMER SERVICE, but no one answered, as usual..I have sent a mail to DP@ZERODHA, the reply is they will attend to the ticket in 24 hours..LACK OF ORDER MODIFICATION FACILITY FOR triggered, GTT orders speaks very POOR about ZERODHA.. May I hope you will look into this??
Sir
Need Trailing Stop Loss Option. Earlier i use to do in BO orders but that option was removed off late … Trailing SL is very much required for traders.
This is on our to-so list, Ramakanth.
I cant see the option to create GTT for intraday.
Can you help me with how to do so?
Thank You
Can I place gtt for an after market order of F&O?
Super feature for working professionals, no need to keep checking the price movement to place/exit orders.
Just enter the price or % , and place an GTT order, system will automatically take are buying/selling at pre-defined desired price.
You guys are rocking in bringing the innovations to the Indian Stock Market.
Hoping many more innovations.
Cheers
Active investor through Zerodha
Super feature for working professionals, no need to keep checking the price movement to place/exit orders.
Just enter the price or % , and place an GTT order, system will automatically take are buying/selling at pre-defined desired price.
You guys are rocking in bringing the innovations to the Indian Stock Market.
Hoping many more innovations.
Proud of the entire Zerodha family.
Cheers
Active investor through Zerodha
Hi, I am trying to create a GTT, I put the company name in the Search however its just searching I the details are not getting displayed.
I tried putting several companies but it doesnt work. Just keeps searching, no info displayed. Please advise.
Hello,
1. Whenever I tried to pay-in through UPI payment, bank (ICICI Bank) is declining. As a result I am using Net Bankiing and for that payment, Zerodha is deducting an amount every time. Why my payment to Zerodha through UPI is being declined ?
2. I tried to place a GTT order for sell of a scrip (I am having that much scrip in my demat account) as trigger price 158.65 and limit price 158.95 (market price was 155.30). Unfortunately, the limit price was placed as 185.95 (due to typing mistake). In fact, I had not noticed it at the time to place GTT order. Now, the price has triggered but naturally the order was not executed. As a result, it is showing as “TRIGGERED”. In GTT order, it is still (after 4 days) showing as “TRIGGERED”. I tried to cancel it and place a fresh GTT, but can’t do it. My question is How it should be cancelled and I may place a fresh GTT order for that particular scrip. Will it be automatically go if I place a new GTT order ? Now the scrip is trading aroung 165, so I would like to sell it.
Please clarify.
Dipika, Try using NEFT with the bank account registered with Zerodha it is free at Zerodha and as per RBI it is free even for any bank. Also try support pages to cancel GTT if not try to amend / modify GTT Limit price.
mr SAMEER, you have advised DEPIKA to go to SUPPORT pages to CANCEL or MODIFY the TRIGGERED GTT orders, but I am sorry to say, there is a suggestion there, to go to PENDING ORDERS and MODIFY.. I am asking you, whether, you have done practically? Please try one GTT order for yourself, get it triggered and see. EVEN FOR DAYS, IT WILL BE LIKE THAT WITHOUT EXECUTION AND OUR FUNDS WILL BE BLOCKED…THIS IS A VERY BIG LACUNA IN YOUR SYSTEM, WHICH NEEDS TO BE ADDRESSED IMMEDIATELY….
MY CASE IS A LIVE EXAMPLE AND IT IS STILL PENDING….THERE IS NO HELP FROM CUSTOMER SERVICE, AS USUAL..
I am new to Zerodha and reading this GTT order example , I still do not understand this example given for BUY GTT order in CNC (cash) section. Which is mentioned as bellow.
Current price of Reliance = 1485.30
Trigger price = 1500
Limit price = 1505
Can any one elaborate why should I place GTT to buy at 1500 or 1505 (Limit) when Reliance current market price is 1485.30?
please provide a feature to define default stop loss, why because ‘m doing intraday I’ll take 10 to 20 trades approximately everyday so what’s happening here in every single trade i should change the stop loss from -5 to -2.
Please add some option to define fixed stop loss while placing the order it will automatically enable the GTT stop loss with defined one.it will be very useful to everyone
Thanks,
Sashikumar G
Hi, I by mistake I have crested one GTT sell and my account also debit the amount ! I have holding for same CAMS and wants to simply sell those and by mistake create GTT sell option, Pls guide me how to cancel that, trying to do but unable to do so ?
Pls help, I am new in your platform
What time will GTT execute on next of trading i mean if i place a GTT for any stock and that stock is on UC then my order will get placed at sharp 9:00 am or will be at 9:15am
Direct numbers would be good rather than the percentages in NFO for SL and Target
We need more than 50 GTTs atleast 150-200. Even if you want to charge, its okay. But please increase the number of GTTs that we can place from 50 atleast to 100 if not more. Also is there any other way that we can place GTT like orders if you are not providing such facility?
Would you please consider increasing number of GTTs per account to 150-200 instead of just 50. Its okay even if it is a charged service.
This should be available for MIS/Intra day orders as well. It is unfortunately not available for that.
I need to place stop-loss and target both during the day and I want one of them to be executed and other gets cancelled.
This is pretty standard feature in all brokers outside India.
can a gtt order be placed in illiquid stocks like sakar healthcare , in which selling is not permitted on same day, if gtt is placed and triggers, what will happen?
mra gtt sell nhi ho rha hai. sell kr rhe hai to reject ho rha hai. normal m bhi sell nhi ho rha hai
Hi,
I have a suggestion to enhance this feature :
In addition to cash, can you provide a provision to use liquidbees instead of cash for funding the GTT buys ? As we do not know when the GTT order is going to trigger, it would be better to have the cash in the liquidbees.
Looking forward to hearing from you.
Hey, this is not possible since you need an up-front cash margin to take trades.
Please post an official video of placing GTT including that in options
Need target and stop loss trigger to work in MIS order.
can i placed gtt in intra day
Hi,
Can GTT be used for Intraday orders (one which are not settled)?
Dear Zerodha,
I dont know how to use Zerodha much as I am a fresher.
Pls clarify as to why do we need to place an order with higher price while creating a GTT, while buying a share at either current value or lower value..??
Thanks
Sorry , cancel my above post . I had to click on GTT . Got it, it is there.
Sir, It is a GOOD idea to protect your portfolio by placing GTT. This will /should protect against the sudden fall .Thanks . I will try Target price also. Thanks once again.
Dear Nitin , I liked this feature of creating GTT. I learned today only. Read most of the comments and the blog as well.
I have just ( On a Sunday) created a GTT for one of my stocks for stop loss limit sell order. The stock is trading at 345 and I have placed sell order ,Triggr at 338 and limit also at 338 ( It could have been 337,336 332 etc Am I right here , it has to be equal or lower than the trigger ?).
But when I look at the order book , there is no indication. It should be visible for modifying ,or may be because it is Sunday today. But off market hours one can place such orders ,I presume .
Kindly clarify ?
i am a new comer with Zerodha.
How to open the screen for intraday trading???
Will I still be required to authorize my GTT sell order.
Today I have place the limit order. The order reached the limit price. But the order not successful.
i have put gtt order for selling stock. i authorise order daily night. but still when my stoploss hitted it showed that you need to authorize your share. plese give solution of this problem.
one of my stock triggered at Rs.10.5, but not executed due to CDSL authorization. Now price of that share is Rs.10.25. I am not able to edit or delete the GTT. How can I edit or delete the GTT?
You’ll need to create a new GTT. The triggered GTT cannot be edited.
When a GTT is triggered, now It should be in the GTT list, right. A GTT that got trigger 10 days back is still on the GTT list, but why?
Triggered GTT should be removed from the GTT list just like the orders list gets refreshed on daily basis.
I have doing stoploss Gtt but somthing is rong hapend pls halp
In Gtt one thing missing in buy order trigger price for purchase price in OCO if I want to buy 100rs mp stock at 105 then trigger price stop loss and target should be activated
How to remove a already “TRIGGERED” GTT order from my GTT Order List ?
I have taken a position in options, say, sold call option of a stock. Now I would like to exit the position when price reaches a particular level. Usually, I keep watching the price and square off the sold call position by buying it back9Exiting the position). Now, under the GTT facility, I can place a separate buy call at the required price under GTT. But will it be treated as a squaring off of sold call option?
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.
1. It would be helpful if the buying of a stock with target and stop loss is enabled in GTT also like in the case of Bracket order.
2. It would be great if the trailing of stop loss is enabled in GTT.
Suppose I place a GTT order for buying Call Option on Tuesday (T-2), lets say for a premium of Rs. 10 per share, lot size of 6500. Trigger is set for 10, price to be executed is also 10. CMP is lets say 15.
Now, the trigger is activated on Wednesday (T-1) or Thursday (T), but will the order get executed, as exchange doesn’t allow to enter fresh long position on Wednesday and Thursday?? Does the GTT order get registered at Exhchange on Tuesday itself?? Or does Zerodha place the order with exchange only once the trigger is reached, lets say on Wednesday or Thursday??
GTT seems relevant. How about a GTT at a portfolio level, i.e., across a set of stocks or other assets?
How to place SLM (Sell) Orders for Nifty / Bank Nifty options in GTT ?
Can you enable the GTT feature for Intraday(MIS) trading as well?
GTT is meant for overnight orders. If you want to trade intraday, you can use normal SL and limit orders. 🙂
I can use GTT for overnight orders to set target & SL and need not monitor it as either will be hit & executed. I cannot to same with intraday trades. If I set GTT on it and it it’s triggers trade is executed in NRML mode and doesn’t square of my position. Why can’t you trigger a trade in intraday if underlying trade is in MIS category? Is there any way to set target/ SL for intraday trades?
Where we can see the placed GTT?GTC?
GTT buy order example looks incorrect—If the price of a stock today is 1485.30, why will I want to set a GTT order to buy it at 1505—I would rather buy it right away at 1485.30? Am I missing something?
I have the same doubt. Why would anyone want to buy a stock higher than it’s current price??
This is just an example. One can choose to buy at any price.
You are right . But there are other scenarios as well. Please consider the following.
A. If the market opens gap-up, the LTP (Last traded price) could be skipped with a jump to 1500/1505 levels, so your chances of buying is above those levels, that way it makes sense.
B. If you want to take an conditional entry position and expect a break out near the resistance, you place your trigger just around the resistance anticipating a rally to exit.
Hope this helps
sir.i have a doubt . if i am long on bank nifty jan futures cmp 31285 if i set target as 300 points as trigger and 301 points as my limit price where i want to sell it.and i set a stop loss trigger 300 points doen and 301 as my limit price to sell on down side. and if monday market opened with a 600 points gap up and what price my target will get executed sir?
I’ve created a GTT and it got triggered but didn’t result in a trade. Now that I would like to delete this GTT, their isn’t any option to delete; please help as I’m new to Zerodha. Appreciate your quick response.
Hello Zerodha team, Please can you share why is there a limit of 50 GTTs per active account ?
We would like far more number of GTT setups to cover a prospective portfolio of buys and sells.
I dont see a reason why this is so much in restriction. Please can you change it to a much higher number or even unrestricted.
Nice to have feature requests:
1) Should be easy to group GTTs, organize them
Can I place GTT order for option writing
I am a beginner in share market and online trading
I have placed a target trigger 8.75 for South Indian Bank ,I bought 50 shares for 8.40 in GTT.
Today the target price of 8.75 is reached and then I got a message that it is triggered but I need to provide authorization using a CDSL TPIN. I did so.
Considering the above scenario please answer my below doubts.
1. How many days it would take back to get profit ?
2. After the target trigger occur, should I click sell/Exit again. Because I can still see the share in holdings list and as well GTT list. I have authorized it also.
1. When you book profits, the sale value will be credited to your ledger on the same day on an accrual basis. You’ll be able to withdraw the amount to your bank after the actual settlement of the trade which is trading + 2 days in case of equity and trading + 1 day in case of derivatives.
2. When the GTT is triggered, the order is automatically placed on the exchange. You can go through the Important to know section of this blog.
Granules stock currently at 377
I want to place a buy order when the stock falls to 360 and then touches 365.
Can I put a GTT for this?
This is a great feature for swing traders like me. Just a suggestion/request. Is it possible to add a trigger for cash price levels when buying the futures of the underlying? I mean it would be great for me to enter/exit equity futures based on price triggers on cash/underlying since I/most swing traders primarily use cash charts for price levels but have to take futures for optimum position size. Currently I have to manually predict an equivalent price in futures with trigger based on EOD/CMP price differential in future-cash price levels while using GTT which cause a slight entry slippage. TIA!
My Question is – If i paced GTT Order, but is it possible to get execute without TPIN? (If Delivery Position) if yes please tell me what is the process, if not than no use of GTT.
Does not market trigger …very dispointing …my GTT order is not executed . Please support market trigger for GTT
Suppose I don’t have any sell target. I just want to place a stop loss.
Say I bought ONGC at 78. Its currently trading at 89. My target is open as I am track my target near the end of day. Though I have a stop loss of 86.2. If 86.2 is hit I want a order at 86.1 to be placed automatically.
Can this be done???
Please reply.
Is stop loss price suppose to be lower than ur buy price?
GTT order is an amazing feature. Can someone from Zerodha confirm that GTT orders are free ? Unable to find this information.
The last bit of the post says:
“Free for use
There are no additional charges for using the GTT feature.” 🙂
They are. Standard brokerage applies when it is triggered. Since most of these would be delivery orders, nothing would be charged for those.
Is there option to cancel triggered GTT if still not executed
You can cancel it from the orders section of your orderbook on the day it is triggered. If you don’t do it, it’s cancelled by the end of the day automatically.
GTT was triggered but not executed. Still I can’t delete this. Can anyone please help me out how to cancel that GTT order?
Hi
I am trying to place GTT order. I need to place with Target & Stop loss. But am not able enable this feature. Is there vdo on how to do this?
How I delete GTT Order after Triggered Price ?
GTT is unique and very helpful to save profit. However, the stoploss need to be manually updated every other day. Can we please add trailing stop loss feature in GTT orders. It will be very helpful from customer usage perspective.
Team
how much are you charging for GTT?
Unable to find this information. My account is more than 3 months old..
GTT feature is free.
Very good feature GTT and free of cost.
Zerodha is one of best in industry. Big fan of Nithin and his team.
My GTT triggered to sell but not excecated . It got cancelled.
What is the reason behind it.
Hi,
Your GTT concept is unique and very nice to do order in future. I am really impress with your very good work. I congratulation to whole Zerodha team and for concept of GTT.
Only small request I want to notify you that % calculation (display) is not showing properly at the time of GTT creation.
Sir
I put a sale on Rs 360.00 in Vishal Fabrics on20.10.20.
but price go down at Rs 332.35 and triger not work.
I bear loss Rs18000.00
Can you explain why happend this . and who will bear loss?
Will you pay me loss of Rs 13825.00
Sir
I put a sale on Rs 360.00 in Vishal Fabrics on today 21.10.20.
but price go down at Rs 332.35 and triger not work.
I bear loss Rs18000.00
Can you explain why happend this . and who will bear loss?
Will you pay me loss of Rs 13825.00
Hi Nithin, Team Zerodha,
Please run analytics to check – How many GTT orders are getting rejected on daily basis due to “# quantity needs authorisation at the depository. ”
Few suggestions:
1. Ideally what I think is that, “While placing a Sell GTT order it must ask for CDSL TPIN right in the GTT panel it-self”. There should be text box or some thing similar to authorise TPIN right inside GTT panel.
2. A sell GTT order shows incorrect status, it shows as “Triggered “, but in reality order was rejected due to “Rejection reason : # quantity needs authorisation at the depository. ” So I’ve to keep guessing why my Sell GTT order is not getting executing even after it was Triggered.
Thanks,
Nutan.
I also faced same problem. I lost my position due to this now in loss. what is the way out for this
Even I also faced the same problem today, I was in profit and sold some quantity via GTT which got triggered but Rejection Reason showing the same reason showing me the same message which Nutan reported earlier, now I have bear the loss if rise in the stock gets over and also wait for the funds to make new positions, which is frustrating 🙁
I think for your question there is not answer hence not answered still
When can we expect Dynamic Stoploss?
Thanks to zerodha for this GTT which is helpful for office work peoples. Hats off to you.
Recently i had purchased some scripts from nse & placed GTT from holding. But during GTT execution it is sold on BSE automatically. It happened for 3 to 4 scripts. Is there any settings i had to change for this.
Hi Santhosh, if you wish to specifically sell on NSE, please add the NSE scrip to the Marketwatch and place the GTT from there.
But why are you doing like this? BSE has lot less volumes and many times my trades were not triggered and I encountered losses. When a normal EXIT gives option to select exchanges, why not GTT?
how it handle about the gap up and gap down in market. for example my CMP 25rs, my stop loss is 20 rs. But next day is market is opened in gap down at 18 rs. the GTT is working or not. same case for Gap up market also
During GTT window, in % of LTP box, Up & Down arrow is hiding the numeric value
Dear Team,
Thanks for GTT update but we are facing problem with your new GTT Updates . we are unable to buy at market price and create target sell price and Stop loss at the time of Buying , In BO also buying at market price is not enabled so pls give us old GTT Option Or Market Price Option In GTT And BO . we are facing Issue with market Buy Order so before your GTT Option Was Good Compare To Your Resent Update .
During selling , GTT is created on LTP.
Is it possible to use user’s average purchase price instead of LTP.
Else I need to maually calculate my selling prices for GTT.
Hi I was wondering if anyone in here can let me know that what happened to GTT order if I already have sold the stocks same day but forgot to cancel GTT sell order and I noticed that GTT order was also triggered, I wanted to know if it is executed or not as I already sold the stock same day on lower price. Thanks
If this is a CNC sell order and there are no holdings, then the order will simply be rejected.
I just started with the Zerodha account and transferred an initial amount of INR 18K into Kite to start trading.
To my amusement I see that approx INR 11/- has been deducted for no reason. I have never seen such kind of fund disappearing ever in ICICI demat account in my last 15 years of association with ICICI demat.
Whatever they charge atleast they tell upfront be it brokerage or anything.
Such hidden misappropriation of funds is something I have seen for the first time.
Not even 1 month of opening the Zerodha account but I have decided to close it already.
How van i delete GTT after stock triggered…i dont want to sell that order please help..
will GTT be charged after 3 month period???
Is there any possibility of introducing gtt order for MIS order type.. like having an one day validity kind of thing
Great to find GTT on this platform. Duration of GTT is quite long 1year. Normally upto 1months/2months or individual need based date entry can be given for better balance.
Its great milestone.
Can I Place GTT for call option writing trade ? Say I have sold 1 lot Reliance20September2540 CE at Rs.16. As a stop loss mechanism, Can i place GTT for the entire September 20 expiry at Rs.25 ?
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Reply
Can I Place GTT for call option writing trade ? Say I have sold Reliance20September2540 CE at Rs.16. Can i place GTT for the entire September 20 expiry at Rs.25 ?
zerodha help center customer care not working
now a days if we purchased in NSE but after purchasing it shows in BSE and if we purchased ioc aug 100 ce after puchased it shows in ioc20aug100ce zerodha plateform is now cause of losses Mr Nitin kamath attention for you please improve your zerodha apps it is shows debugg your apps
I did a MIS SELL. Now how to setup BUY GTT OCO where i want a stop loss of 3% and profit target of 6%.
So I followed all the instructions as per this article for Nifty Options trading but I ran into this issue:
LTP for the contract was 120
I gave a GTT buy order for 107
I placed another GTT (Sell OCO Order) stoploss for 100 and target price of 145
My buy order did not trigger because the market went up but my sell order for 145 triggered and my account placed an order for selling Nifty at 145, luckily I did not have margin for such a huge trade. Any idea what I did wrong?
If i place a order and create GTT,
then if I manually square off the position, GTT still remains.
I have to manually go and delete GTT.
Can you please make this automatic? When I manually square off the position, please delete corresponding GTT.
If you place an MIS order in GTT and when the trigger is hit,
GTT will place a different NRML order.
It wont square of the position.
Is this how it is intended to work?
IS THIS FEATURE FREE OR WE HAVE TO PAY ANY CHARGES FOR TAHT.
It’s free.
hi,
GTT is by far the best order type I’ve seen across brokerages…..
Just 1 small suggestion – can you give the option of setting a Dynamic Stoploss? If this is done – it’ll make GTT even better……
Waiting to see this feature soon on Zerodha -> GTT Orders……. 🙂
Will take this into consideration.
When can we expect Dynamic Stoploss ?
Hi guys….
Today My gtt price is already trigger and my order placed to the exchange but have no Enough funds for exicuted completely so my order is rejected but in gtt status will showing to me the same in order how can I delete my order in gtt who doesn’t placed by reason no more funds
Hi
In case you introduce charges for GTT, can you give a range of how much it will be?
Do you have plans of introducing charges for GTT this year?
situation….. GTT is triggered, but order not filled , because price jumped away from order limit price. Now any modification or cancellation of order is not enabled in the order pop- up window. how can I modify or cancel order.
My BUY orders expire the next day. Aren’t GTT orders suppose to stay active yearlong or until we cancel ourselves?
Hi, whenever i create a GTT sell order (my holding stocks) it was triggered but gtt sell order rejection, what i do please guide me.
SINGLE NFL NSE
TRIGGERED
GTT logo
Created at
2020-07-30 09:47:02
Updated at
2020-07-30 14:19:26
Expires at
2021-07-30
LTP created at
44.2
Trigger @ 42.05PLACED
Transaction type
SELL
Product
CNC
Order type
LIMIT
Order ID
—
Rejection reason
26 quantity needs authorisation at the depository.
Quantity
26
Price
42
Trigger at price
42
Triggered at
2020-07-30 14:19:25
Hi, Matti… I have placed GTT (OCO) order on all my holdings for safety reasons. I always buy from NSE but some of my GTT orders are placed in BSE and some are placed in NSE as I can see in my GTT window, why?
Rejection reason
5 quantity needs authorisation at the depository.
This was the message of GTT , Stoploss hit. What I need to do?
Say to wow. amazing feature with validity of one year. Even we can trigger for sell as well as for buy also.
Great
I have purchased a share in MIS. Now i put GTT so that the position will exit itself once LTP touches trigger price. But, It got rejected saying i dont have shares quantity to sell. May be because i purchased in MIS and GTT for sell is placed in CNC. So, how to place GTT in MIS so that MIS bought orders exit automatically once LTP reaches trigger price.
I hope i made myself clear…..
Wrongly sent
There was a GTT order triggered in my account which i don’t remember creating, after that i canceled it.
But still it is appearing in GTT list, will it get triggered again?
In my account gtt order created and executed automatically. I didn’t place any order. But faces the problem. I think zerodha is not secure for trading.
how i cancel or remove the GTT order placed.?
I am very happy to be associated with Zerodha. I wish i learnt about GTT a little earlier. I started my baby steps into Options trading, made few good trades but i was always in the impression that i need to sit in front of my system to constantly monitor the price at which i need to sell or buy Nifty options. I would have made much bigger profit if i would have know this GTT feature much earlier. Nevertheless its better to be late than never. Hope this feature comes handy for me to build my long term career as Options trader. A BIG THANKS TO ZERODHA FOR CONSISTENTLY SURPRISING ITS CUSTOMER BASE. 🙂
Like in Index F & O, can Zerodha team extend the GTC feature for Stock Options aswell? A much needed feature for people like me who can’t get time during market hours (busy with office work), but could analyze the charts in the evening and accordingly please orders outside market hours.
Hi,
1. Is your system accept Bracket orders?
2.Is your system can able to link chart like Trading View?
3. Do you provide GTD (Good till date) option. If so can you confirm that no money blockage for GTD orders from our margin.
Renuka
if i use GTT in nifty banknifty F&O intraday will be extra chargeable ?
No.
Excellent facility, used it today, waiting for this feature since long. kudos to zerodha
There can be a facility to de-activate a GTT, now if we want to avoid some order we have to delete and create again. In that case pain is, we have to remember the buy or sell price. If we de-activate then the price and quantity will remain same and we do not need to remember that. Kindly consider this facility too. Thanks!!
Hi, I am new to trading.
me and my husband want to buy stock at same price with stop loss and target profit at same time but I will be buying and he selling.
@Matti can you please tell us how to do it.
If you are buying/selling from each other, that would be considered circular trading, which is not allowed.
Hi Team,
If i buy equity shares through normal process CNC today. On same day i create sell GTT order using OCO. Now,
stop-loss got triggered on same day. So, what is the final result of my trade? pls help me.
It will be considered an intraday buy-sell trade.
Yes it’s a good application, GTT order , but one thing I have noticed that , when you placed GTT order for your holding s , sometimes its come BSE and sometimes it comes NSE in Left upper corner. If I have holdings in NSE and during the placing time If it shows BSE , then What we should do?
It is advised by Zerodha support team to place the order from market watch list. Done the same and placed GTT from MW but surprisingly when Stop loss triggered and holdings sold, next day that both stocks showing in portfolio.
Please help to understand this.
When you buy stocks and they are in your demat account, you can sell on either exchange. By default, we show you the holdings with the exchange that has the higher previous close.
Thanks for this .
Please give this future in commodity also.
sir, I have a doubt regarding GTT. I want to place a GTT in such a way that:
The trigger price should be greater than the target price so that if the price is still bullish, I will not book profits in the target area and can check for the next target after crossing this target. if it feels confusing, let me ask a straight forward question.
“can the trigger price of gtt order be higher than target price?”
Thanks to Zerodha for this great feature, it is quite useful. It would be more helpful if we have an option like HOLD, means those orders will not be triggered unless the user change the status to ACTIVE.
So that we can create multiple GTT orders and decide which one to ACTIVATE or DEACTIVATE on some particular days, weeks, months. (Something like prioritizing some orders on some market conditions)
How to deleted GTT triggered history Type-Single ?
If your GTT is triggered, it places a regular limit order that you can cancel like any other normal order.
Nitin,
GTT is a great feature, Need it for F&O sector. In fact, a few days back i could use it for a position on SBI option, however the feature seems to have been pulled back. Can I know if this is going to be avialable soon
How to cancel GTT ORDER
I placed GTTs for selling the stocks in my account. They were triggered but I forgot to authorise through TPIN from CDSL. So they were triggered (Trigger price and sell price being the same) but weren’t executed. It showed that the selling has failed.
But GTTs are still showing in my kiteZerodha account. So how do I remove them from there? Will they be executed in future or what? I am not clear with that part.
Kindly help.
GTT triggered but it didnot got remove from the allotted limit of 50. Is it that one can create GTT of 50 whether it gets triggered or not.
Suppose a create a GTT for a stock with trigger at 100 and limit price 101. On the trading day, if the stock gets opened at 90, what will happen to my order? At what price will the stock get bought?
Will i get any sort of notification when the Price set in GTT gets triggered or will it automatically get canceled without any intimation if there are insufficient funds in the account?
If order is place after enter into limit, will this share be sold in between limit and trigger price or if it doesn’t touches trigger price the order will get cancel ????
I was able to place GTT orders before for my F&O positions. But today i couldn’t place the GTT for them. Can you guys resolve this?
Thanks for the great work.
As per one one the criteria , GTT orders will be cancelled if the stock price moves more than 5 pct . For delivery based stocks & if the stock has less than 5k cr market cap , 5 pct move is very common . So if we leave the SL (or) Target to the system for EXITING positions only (Not new) , this might create more issues as we miss the GTT orders are cancelled
Any Suggestions ? Please advise
SIR, GTT ORDER IS FREE OF COST OR CHARGEABLE.
Sir, Also kindly introduce market order option for buy, sell and Stop Loss. Greatly essential, as often the GTT orders fails to execute.
Sir, It would be nice if stop loss option can be provided for buy option.
Apropos my last comment I have gone through a comment in this blog that zoom works. I will check it and thank the person who posted it.
I also want that whenever a cursor is moved over a bar high low close and open of that candle bar be displayed. This feature will greatly help.
This is already possible. Toggle the “crosshair” (➕) function on.
I tried it today with nse f&o option.
But for oco order the window pane is only partly visible. Create button goes down and is not accessible.
Repositioning window does not work.
Scroll pane returns to main page and the create GTT window pane disappears.
The issue is with both IE and chrome.
Hi my user id is KT5729. I am unable to place GTT orders when I try to I have a window which says “Authorise your holdings before selling.” And when i click Proceed I have this error “Page not found
The page you are looking for does not exist.”
Please help facing this issue since morning
GTT FOR MCX GOLD COMMODITY ALSO
We will consider this.
Use of GTT needs more illustrative publicity. It should be published in Regional languages periodiclly. Best comments should be high lighted.
The GTT order window is not fully visible in kite web
the bottom is off at 100% zoom on chrome… No way to scroll down to get to buttons.
Have to zoom down to 80%
Hi team,
Great Job! Can we have video tutorial on GTT ? I want to know if we can place orders outside market hours and taken into consideration when market actually opens for the next day.
Example: If I’m bullish on the market for tomorrow can I place GTT order before market hours so that I get time advantage on Gap up openings for the day?
Yes, you can. Video in the works. 🙂
On May 13, I bought Infy @ 694 and placed GTT/OCO for sell.
(Target trigger/limit: 704/704)
(Stoploss trigger/limit: 683/683)
But on May 14, Infy opened way lower than 683 – around 658, why sell didn’t happen after breaching the stoploss price?
Hello sir
can we use GTT Buy orders for options in intraday. Active GTTs we can manually close the positions in same day?
Yes, you can.
can I place an pre market order at 9:07am Banknifty option ?? the stoploss default is -%10, can I able to change stoploss manually to -%5 ??
thank you.
How to delete rejected GTT order
The GTT will disappear from your GTT order book in 4 days by itself.
CAN A GTT FOR F&O PLACED AFTER TRADING HOURS. IS THERE ANY TIME LIMIT.
You can place at GTT at any time.
How to cancel an GTT Order?
Read the”Managing your GTTs” section in the above post.
Sir,
It’s great to hear that you are extending the GTT facility to F&O. It is also requested to give the Kite connect facility free of cost, at least for few months, so that trader’s can make use of the facility to develop & test their strategies. Expecting, a favourable reply considering the fact that Algo trading has a fantastic future.
Please explain logic of why to put limit prices > trigger price for GTT buy order & vise versa for GTT sell order. while there is “No” short selling in the case.
This is to ensure that the GTT is executed as soon as it is triggered, as explained in the post above.
sir, for bank nifty fno . i created a gtt with SL percentage only. that is single leg. how do i book my profit ?
i eneter other gtt with SL as well as Target. what if i want to exit in between.?
in first case after GTT i simply sold the option, my position was showing as zero but GTT was standing active. So i deleted it . was that ok to do. Please Guide how to exit from GTT. is it by modifying the target to current Market price
What you’ve done is right. If you’ve only set SL and exit with profit manually, cancel the pending SL GTT. If you’ve placed target and SL GTT, and want to exit before either is hit manually, again, cancel the pending GTT after you exit.
sir, can you please make a video about GTT and OCO for Nifty and Banknifty F&O.
Will make on soon.
Sir,
Nifty may futures closing price on 8.5.20 is 9236.65
Today it opened at 9335.85,
If my GTT order is in between these 2 prices, whether it will execute.
Sir, Me too agree with most of the people. We liked earlier version of GTT i.e., flexibility in limit order placing above or below trigger. Let the user decide what they want regarding probability of order execution rather than putting restrictions. GTT is one of the many innovation that you brought for indian investor. Therefore, don’t reduce its effectiveness. Also, I have some suggestions other than the above:
1. Don’t restrict our buy and sell order based on market cap of the company (a warning regarding this which you are already displaying is more than enough). To invest in such stock why should we have to send you email everytime?
2. If possible increase number of GTT order more than 50.
3. 50 Rs. Per scrip for auto squere off of MIS position is very much higher side for retail if possible kindly reduce it.
Hope you will take note of our views and suggestions rather than enforcing your views only….
You always listen to your customers for years….this is one beside a few other which makes you better and superior than all your competitors.
Regards,
SD
We have removed the restriction on GTT creation.
1. This is to ensure that our clients are aware of the risks of investing in such stocks. This practice is to try and insulate our clients from fraud. Read more here.
2. Will consider this, perhaps as a paid add-on.
3. The idea is to square-off the position yourself. This high fee is to encourage you to do it yourself. You shouldn’t be letting us do it.
Dear Zerodha,
Please bring out a solution for placing multiple FNO orders in form of a basket, to avail the reduced margin after 1st June 2020. Also please clarify if the calender spreads will be considered for reduction in margins??
Congrats in being the market leader when it comes to innovation.
All the best.
Working on this.
Dear Sir,
I want to know about GTT feature, Sir ,Can i Short Sell Equity stock in delivery position with target n stop loss ???
You cannot short-sell equity overnight.
Hi नितिन Sir,
I just want to know what will be the brokerage for that. Also please introduce a unlimited brokerage plan or something like 10 orders free/day plan or 20 orders/day plan. It will be very helpful. When market has wide spread ther buy/sell orders got divided into multiple orders. Kindly design a system for this. Or traders who trade a lot during day.
“Unlimited brokerage plans” or “Pre-paid brokerage plans” are disallowed. Regulation doesn’t allow such brokerage plans. As for GTTs, there is no charge. Brokerage will be charged at normal rates for any orders that are created and executed when the GTT is triggered.
Now finally you are starting to think about poor FnO folks.
When you are planning to provide order size setup for F & O segment. It is the must required feature.
Also, adding F&O to streak if you really want that product to sell.
Streak already supports futures, however, backtesting options is tricky because of the time-value component of the option price. Also, Streak is an independent company. Write to them on [email protected] to reach them.
Great
This is the best thing made by Zerodha ever.
Thanks.
Sanjay Tiwari
Why don’t you increasing the limit of 50. I do all my transactions through GTT. It would be of immense help.
Now that you have started GTT on Buy; and for NIFtY options, consider increasing the limit as well.
Please provide us with conditional order as most of trade options based on futures trigger. Interactive broker provides such feature.
Will look into the possibilities.
Can you send this information in hindi also
Once GTT is place, can we cancel it if we do not require at later stage?
Yes, you can. Read the full post above.
Good innovatieve by zerodha team.
Please upgraded limit of GTT order to minimum 100 stocks.
Thanks
Great step,
Dear Sir,
We need feature where the stoploss and the order can be executed and exited by a drag and drop button on the chart itself as is available in fyers for stocks as well as index such as Bank nifty. The market is volatile and in that case we should be able to exit as well shift stoploss in minimum time possible. This can be done by showing three buttons one of stoploss, one of my order (showing current P&L) floating on the chart and one button showing the target. By dragging the button we can change the stoploss and dragging the order button. Also by single click on the order button we can exit the order from the chart itself. This will save the hassle of going into orders and then modifying the target/stoploss from orders.
Working on this.
Lovely.
This is the best thing made by Zerodha ever.
Thanks.
Hiren.
Just realized that my GTT orders can’t be set with limit price below trigger price. There was an error showing that limit price should be above trigger price. I think there’s some error in new alteration in model. Were you intending to set limit price above trigger price as an error, you instead did the reverse. Now I can’t place GTT properly. Please correct the bug you may have developed unintentionally. Some of the worst mistakes are done with good intention. Make it right.
This modification was intentional. Updating the post. We have made it so that all GTTs execute as soon as they are triggered instead of sitting as pending orders that may or may not execute. For example, if you have a buy GTT with trigger at 100 and limit at 101, a limit order at 101 is placed as soon as the stock hits 100. Since the limit price is higher than the market price, the order executes at the best available price below the limit price of 101.
GTT model has been altered. Its outrageous! Why would I buy (limit price) above the Triggered price (LTP), what’s the use of putting a limit price if the triggered price ie. current market price is below my limit price and order will be executed at market price?
This whole notion of setting trigger price below limit price is outrageous. Stopped using it altogether.
Why did they changed it for that matter? What was the actual intention? To increase the GTT order execution numbers?
Did they overlooked the fact that instead investors would stay away from it altogether?>
Since GTT is designed to be primarily used for stoplosses and targets, this change was indeed made to ensure that triggered GTTs are executed immediately. As for the point of having a limit price is to ensure that your order is executed within the range between the trigger and limit prices. Have a small range and your purpose is served!
Thanks for introducing GTT for nifty options through kite web. When can we get it through kite App? Some query
When I try to place a square off buy order, still it asks for trigger price to be lesser than strike price. How is it possible as in a square off order, the price of the option will be coming down and will hit the strike price first instead of trigger price. Please clarify my understanding. Thanks again
Trigger price needs to be less than the limit price, not the strike price.
gtt trigger doesn’t seem to be working as expected.
the example given in the post is not working any more.
Current price = 785.75
Trigger price = 701
Limit price = 700
If I try to set the trigger like above, it gives me the following error.
Trigger price should be less than or equal to limit price for buy orders.
so what I did was set the trigger price and limit price to be same value.
example I set trigger for HUL like below
Trigger price 1904
Limit Proce 1904
the LTP went to 1902 today. But the trigger did not work.
We have changed the behaviour from tigger above limit for buy and below limit to sell to below to guarantee execution.
Why do I even want to use it if I have to create a new GTT everyday? The point should not be the guaranteed execution . It should be execution at right time.
Please change it back. It’s senseless.
You don’t have to create a new GTT every day. We have made changes to the GTT system to ensure that orders are executed. Changing it back will make it so that orders may not execute. I mixed up the prices in my previous response. It is now trigger below limit for buy and trigger above limit for sell.
Today , I notice that GTT option is now available for ‘Options’ also but only via Web portal.
I have query regarding the “set stoploss” and “set target”.
Is it possible to set both at the same time, and will then 2 orders be places one for stoploss and other for target ?
and if any one of them i triggered then other will be automatically cancelled or not ?
Yes, once the target/SL is hit, the other is cancelled.
Hi, can we use GTT feature with futures/options trading?
We have added the GTT option for Nifty and Bank Nifty F&O on Kite Web today.
I cannot place GTT buy orders anymore. Error message reads “Trigger Price has to be less than equal to Limit price on Buy Orders”. Is this a bug or some new requirement? Please fix either way – I was using the GTT feature to place Buy Orders automatically at specific prices. Please help me understand why you think I want to buy at price (limit price) higher than CMP (trigger price)?
why do you think I want to buy at price (limit price) higher than CMP (trigger price)?
Ans: So that your order which got triggered once, after many days wait, can surely be executed (if you have money in Zerodha). The (Purchase) Price entered in your GTT, More the near to your trigger less chance of purchase, and more the far your purchase price more chance you will have to get your order executed on that same day.
The behaviour has been intentionally changed so that the order is guaranteed to execute when the trigger is hit.
Hi, does GTT will be triggered if there is a gap-up or gap-down at the opening time of market
Yes.
Please revert to the old GTT model. The old philosophy of GTT is really good and much need for everyone on this platform. Am not able to use GTT effectively now. It’s almost equivalent to place the orders on the same day instead of using GTT.
Please change the GTT and make it for the greater good.
Thanks
RB
What do you want us to change?
You can still place GTT with a buy Target price (Trigger Price Field) below to LTP at your chosen price, and selecting the Price field above your chosen trigger price.
Am not still able to place a GTT with Trigger price less than Target price.
@Matti, GTT will help us to place the order when the price goes down at an expected value and we want to buy at a much lower value of the triggered price. I found this is very much logical and the majority of them will use this feature in this way only. You can take a poll about this product feature.
Such a great platform and a great GTT feature, why restricting the end-user not to able to use the feature to achieve better automation of stock purchase.
Please consider the request and remove the current validation.
Thanks
RB
As I’ve explained already, the use-case GTT was meant for was as a target/stoploss. Both cases need to ensure execution, hence the change.
Zerodha,
Seems, you have modified the rules for placing the GTT order, recently. Buy order is not allowing to place price below trigger price. I used this all the time. Lesson learnt from AgroPhos (pump and dump stocks) that I should never use the “trigger price” and “price” the same. Despite my argument on how a trigger must work Zerodha was simply quoting the small printed “disclaimer” stating order is placed when the trigger crosses the LTP. I couldn’t argue further 🙁
Thus, I was using few percent less than the trigger price so that when Zerodha place the order to Exchange it would show up in my Pending Order list rather than buy order executed immediately. I could go and modify/delete easily, gives me breathing time, by quickly checking the numbers (volume, RSI, market depth etc.).
But now you are not allowing to place GTT buy order with price less than trigger price. Please confirm. If so, at least, send a notification to users on change in rules. Also, it would be great if you could allow to place buy orders less than the trigger price like before. I would appreciate that.
Fellow users, request to be cautious using this feature because the way Zerodha has implemented it.
Regards,
Harikumar J.
Hari, this change was made to ensure that stoploss/target orders are executed as soon as they are triggered. The GTT feature is mainly meant to allow long-term investors to set targets/stoplosses and not for use-cases where you would want to immediately modify orders placed via GTT based on any technical indicators.
1.Ok, but as you stated long term investors would rather not like to put in target immediately and so for stop loss, after all its long term!. And even if they do, their target price would be too high for the order target to execute so ‘soon’, lon term investors right?! On the other hand they would rather prefer to buy good value quality stocks at opportune time and make out of it. I for one prefer my GTT without stop loss and target, their time will come later.
2. By placing limit above trigger as you stated it will execute at market value irrespective of limit value. Than if that’s the case why even bother to ask limit price, except to put upper limit on buying side due to order execution, which implies that order have enough capacity to alter market flow with its sheer size. Why bother about small size investors for whom limit is of no use. Can’t place limit below trigger.
The argument by others above is fairly valid to see the market tendency before the order to be executed. I too place my trigger close to a strong support and won’t want it to be executed in downward flow, since we can’t judge how far it would go and can’t predictively place trigger at that bottom.
Please, remove this restriction of limit price above Trigger. Let the investors be better judge of their logic and requirements.
Answering the second question first. No, the Limit price is not meaningless. That is not how limit orders work! The order will be executed at the market price provided the market price is better than the limit price. If the market price isn’t as favourable as the limit price, the order will stay pending. As for your first question, this order type is mainly meant for setting stoploss and targets and so would be designed to favour that use-case.
I specially joined the zerodha platform due to GTT feature. This feature making zerodha platform better than other Broking platform. Let’s wish zerodha to introduce more useful feature like GTT which is beneficial to all investors especially small scale.
Hi,
I notice that there is a change in behaviour of the GTT-Buy feature.
It no longer allows me to set the limit price at a price lower than the trigger price.
Earlier this was allowed. Now I see that I have to definitely keep the limit price above the trigger price.
Can you please explain what happens in this case –
Assume that a stock is being traded at 970. I wish to buy the stock at 950 and wait until the stock falls below 960.
Earlier I could set the trigger price at 960 and limit price at 950 and execute the order.
I don’t get the point why would anyone keep the limit price higher than the trigger price when the stock price is showing a downward curve. Everyone would like to buy it at the lowest possible price.
Can you please clarify why the GTT behaviour has changed?
This is to ensure that once triggered the order doesn’t sit as a limit order on the order book, but gets traded. If you’re placing a stop-loss or target, you’d want the order to be filled.
whether the rates quoted in the GTT can be altered, modified and cancelled. If so how.
Yes, you can. Read the “Managing your GTTs” section in the above post.
Can’t place GTT Trigger above limit price anymore.
For ex.
ITC current price 181
Trigger 177
LImit price 173
The GTT platform don’t allow me to place such order which was allowed previously, where limit price is allowed to be less than trigger.
The main use of it was to verify the rapid downward trend in market and when the GTT gets triggered (Like breaking a strong support point just below which the trigger was set at) the order gets pending in the order book and I can adjust my Limit price as per the demand of the situation (like putting the limit price on the next support which will obviously be less than previous support and trigger price).
Please re-enable this feature again. This shouldn’t be blocked in first place.
Please Reply.
GTT has a bug now.
It’s asking me to enter the trigger amount which should be less than buying price.
It defeats the whole purpose of GTT.
In the above-given screenshot, we can see the trigger price is greater than the buying price.
Why did you change it @zerodha team?
Yes … This feature is not working now . Not even as per example given for gtt tutorial .
This is to ensure that the order doesn’t remain pending in the system when triggered and actually gets traded.
Sir GTT Ka limit Shrif 50 Jo ki kam hai
Eska limit 500 Ya 1000 hona chahiye
Hi,
I was experimenting with GTT. I created on 23/3/2020. When I checked on 24/4/2020, there is no GTT in history. I have lost the track of it. If it was triggered then where I will find amount or my GTT history??
As on date, do you charge for GTT? If Yes, how much and if No, till when this feature would be free?
Hi,
I am new to Stocks and to this platform too. I have a doubt about the GTT feature.
When I try to buy a stock using GTT and I set a stock trigger price @ 700rs and limit price as 699rs then will the GTT trigger at exactly 700rs or what if the stock never hits 700rs but goes below 690 or 691 or something else ?
I have big confusion on this.
It will be triggered when it crosses 699.
My GTT got triggered , but where can i see the delivery of those shares i am not able to see it in holding, can anyone help?
Best create a ticket with order details on our Support Portal and someone will get in touch to help.
Subject: How to cancel a GTT order which is already “triggered”?
Hi, I have placed a GTT buy order. It is now shown on the “GTT” screen with status “Triggered”. However, it is not shown on “Orders” screen. I want to cancel this order. Please suggest how can I do this.
This would happen if the GTT was triggered on a day before today. After being triggered, the order wouldn’t have been filled. In such cases, the order would have been automatically cancelled at the end of the trading session and you don’t need to do anything.
Things that are missing in “Important to know” part of this page is
1. GTT does not work in pre-market session.
2. Once the GTT order is triggered but not executed yet, in such situation even if client wants to but can not cancel
it.
I think we can expect improvement in Kite related to point 2.
ThankYou.
1. Yes.
2. If the GTT is triggered but the order placed isn’t executed, there is nothing you need to do to cancel it. It becomes invalid after being triggered. You can ignore this, it’ll disappear after 4 days. You can place a fresh GTT after this.
I have created GTT, How to cancel the same. No option in the system. Kindly help me.
You can cancel it. Go to the order book on Kite and on the top-left you’ll see a separate GTT section where you can see all open GTTs and cancel or modify them, as explained in the “Managing your GTTs” section in the post above.
Hello Sir,
If gap down opening will be there,will GTT work…? Suppose i bought shares for Rs 200 and I placed GTT trigger at Rs 195 and stop loss limit price at Rs 190 for sell.The next day market opens at Rs 185,then at what price will my shares get sold.Please help…….
Thank you.
While placing the GTT-BUY orders, in the window it should show the margin or funds required as per the price limit mentioned for completing the order is required. As even if insufficient funds are there the GTT order will be active but the order will not get executed in exchange.
my order was triggered on my trigger price. but not placed on price given. now the order is not cancel or modified.
now what should i do?
Hello Sir,
I have placed GTT order 2 days ago and now i would like to modify.
But, i dont see modify option anymore.
Please advise how to proceed
Thank you
The GTT order will be in the GTT section of the order book. Check the top-right corner of the orderbook to find it.
Why chart not Refreshing auto
kindly know me if change make in setting for that ,
kindly inform by sms too please
There are no issues on our end, Hemal, best check your internet connection.
Does the GTT order puts the trailing stoploss automatically?
hello Team ,
I am unable to delete/modify my GTT for which order is triggered and showing as due to order price is lower than the current lower circuit limit.
YesBank Stock , Price is 20 & trigger price is 22 trigger at 2020-04-01 09:15:00
Can you please let me know how can i delete/modify such orders.
more than this…if you could just add CANCELLATION feature between STOPLOSS and TARGET in BRACKET ORDR…this will be the best solution and best order style
Hi
a)What are the charges for GTT after the initial 3 month period?
b)Is this available on the mobile platform?
Hey Jay, we’ve not started charging for GTT yet. It still remains free. And yes, it’s available on the Kite mobile app.
Really appreciate the feature of GTT. I request you to give filter facility as well in GTT. This will enhance the capability more to GTT.
Hello sir,
I had set target GTT while placing the order (buy) and after some time target hit but stocks did not sold out and also i am not able to sell the stocks. How to sell the stocks now?
GTT is a nice tool. Will be really useful for futures and options also.
When likely you are planing the GTT rollout for FnO.
This will take some time.
wrongly created GTT on SBI which showing triggered at 220. want to cancel it but no option coming.
can any one guide about GTT feature.
Hey Barun, if you read the above post, you’ll see that once a GTT is triggered, an order is created. This order is in your regular orderbook and you can cancel it from there.
GTT IS SHOWING AS FREE AVAILABLE FOR ONLY 3 MONTHS AT ZERODHA SUPPORT ?
AFTER 3 MONTHS WHAT ARE THE CHARGES PER GTT ORDER ?.
PLEASE LET ME KNOW ASAP.
THANK YOU.
It’s still free, Amitya. We’ll make an announcement in advance in case we plan to charge.
Nitin bhai,
Although I am not a professional trader and have lost chunk of money in stock market due to my mistakes, I would like to say one thing about you and Zerodha is that, you both are incredible…..way to go….keep innovating and keep rocking! God bless!
Regards,
Pravin
Currently we have to specify the quantity for setting up GTT.
But is it possible to set such that all my holdings of a particular stock is sold at a particular price.
Because someone it happens that I add or reduce my holdings and then I have to change my GTT settings also. But if there is option such that I can specify “all” then it will just sell all my quantity.
That wouldn’t be possible.
Their in article under important to know it mentioned that “To be guaranteed of execution, make sure to place your limit price higher than the trigger price for buy GTT orders ”
as i understand from the earlier screenshot trigger price should be higher than limit price for buy orders.
Please clarify what is correct ?
Both hold true. For example, if you want to but a stock at Rs. 100, the trigger price could be 101, and the limit price 100.05 or 100.1.
CAN WE USE GTT FOR FNO ALSO?
Sir
you are peerless, unbelievable mind/thinking, simply its tremendous job
Nice work this option I’m really happy.💐💐💐☺️
Someone please help……
I have purchased a stock as CNC order, after that immediately I placed GTT order – stop loss & target.
Question is , if my trade will against me , Before get the schedule CNC delivery time T+2 in my account , the GTT stop loss will trigger or not?
or It will work after the delivery of stock ?
The GTT will trigger whenever the stoploss or target is triggered.
What if the stock price shoots suddenly and skip trigger price, will the GTT be placed? for example,
LTP = 780
Sell GTT = 800 limit to 805
market news strikes, and share price shoots to 850. in this case, will the GTT be triggered?
1. A DISABLE button on each GTT order shown in list will be really useful. This gives advantage of both having a position open when one is comfortable with price action, and quickly re-activate a disabled GTT order (with possibly updated price) when price action becomes risky to position.
2. Also, a DISABLE button will be very useful to deal with volatility at market open where illiquid scrips can be manipulated with wild swings down. Otherwise, people’s GTT sell orders may get hit only to see stock trading comfortably higher after the opening price ‘glitch’.
3. The other way to deal with wild swings at market open is to provide a blanket option to disable all GTT orders in first 5 minutes of market open at choice of user. For those who don’t use this open, their GTT orders will remain open always as is the situation now.
This feature is good. What would have been even better if Zerodha had a ‘real’ 3-in-1 account collaboration with IDFC. The current collaboration with IDFC is limited to free instantaneous money transfers between IDFC and Zerodha’s trading account. Zerodha will not deduct the amount instantaneously from IDFC when a trade is executed. Which basically means, for a GTT order, I will have to keep the money in my trading account.
Traditionally, all 3-in-1 accounts by full-service brokers provide seamless credit and debit from savings account and trading account. Among discount brokers, I find the collaboration between Upstox and Indusind better in this regard. They have this smart transfer feature. You keep the fund in your savings account, and when a trade is executed in Upstox the money gets automatically debited from the IndusInd savings account.
However, the way GTT feature has been thought of and implemented is brilliant. Just that a true 3-in-1 collaboration with a bank would have been even better.
This is on our to-do list.
It seems “hold & release” feature with IDFC 3 in 1 account is still not implemented in zerodha. With the revised margin requirements from SEBI, hold & release feature becomes all that necessary for option selling as well as for GTT orders as no one wants to keep lakhs of rupees in ledger without any interest. Hold & release type of 3 in 1 account is the only way to meet SEBIs increased margin requirement, otherwise zerodha will lose revenue due to lower trade volumes
Can we edit the GTT after market hours?
Yes, you can.
Any update here.
Actually GTT is useful if real 3 in 1 seamless feature smart transfer feature in place similar to upstox
.whu is so much delay?
Hello sir/mam,
if I create any GTT For buying and order executed but do not wished to sell it immediately for some time is there any time restrictions for selling. Because this thing is happened with me, I buy some shares through GTT but didn’t place any sell order later I saw that there is no any share listed there in GTT which I purchased .
Hey Ravi, once your GTT is triggered and the purchase is executed, you can see the shares bought in the holdings section on Kite.
When will this feature be available for future and options??
Currently testing this. Will be out soon.
Dear Team Zerodha,
Excellent work.
Just one question.
I have placed a GTT order and it also got triggered but didn’t execute. Now I could not find any option to cancel it. Please help me out here.
Hey Abhinash, if a GTT is triggered but not executed, you’ll need to place a fresh GTT. The triggered GTT will disappear from the GTT order book after 4 days.
is there a price announced for GTT ?
Not yet.
It says it is free for 3 months. So what are the charges for this as of now??
GTT remains free as of now. We’ll announce pricing in advance when we plan to start charging.
After the GTT order is triggered, does the stock still stay in Holding tab or it moves to Position tab?
how to remove triggered GTT ???
It will disappear automatically 4 days after being triggered.
It is not working properly,i suggest do not believe it i lost lot of money to rely on it.
Hey Ravi, what seems to be the issue? Can you share details?
Hello guys
Can u post a video or a lecture sort of thing here for better understanding of gtt.
With few examples and in detail explaining how gtt can be better exploited and what it can not do
Also how can the issue of funds be sorted out plz
hypothetically if i have placed a gtt i need to have funds available. Now if my gtt gets triggered after 7 months it means i need to have funds kept idle parked for 7 months. And this doesnt really guve me an advantage
Whats your comments on it
R u guys looking for any alert on mobile and not mail where the alert on mobile gets u activating the order
Still some enhancements coming to GTT. Will post a detailed video when they’re live. 🙂 As for Kite notifications, we do send a notification on Kite whenever your GTT is triggered.
Please make it free for the lifetime.expeting this type of features to be free.
is gtt available for commodity?
No Syed. This is only for equity delivery right now.
I would need more than 50 gtt orders… It’s a lot of help for trading. My limit is reached daily. Could you please increase the limit to 150-200 orders. Even if it is paid service doesn’t matter. You can add charges for more than 50 orders limit.
Hi Sahil, this is still in the beta phase. Hence the limit. Will consider increasing it soon.
IS there charges on GTT Orders other than brokerage,
I understand after 3 months of introduction you will charge
When copying an existing Sell GTT order, the popup where you confirm the order selects Buy, when it should select Sell. This is highly dangerous and should be fixed.
Debit card is same as your netbanking. What additional benefit by using debit card. Allowing card payment means it has to go through gateway which adds extra cost. Also type of card detection is another issue.
How do I delete a GTT order which has already been triggered but not traded
You can simply cancel the order from the order book.
Best
Hi,
GTT going great specially for passive investor.
Have you concluded for pricing?
When the prices are going to be effective?
Thanks.
We’ve not yet decided pricing. We’ll let you know once we do. We’ll make an announcement well before we start charging.
Why is there a limit of 20000 shares per order?
Is this a limit imposed by zerodha or the exchanges?
This makes it very inconvenient if you want to buy a large number of shares. You can hit the maximum 50 GTTs easily.
This limit is imposed by Zerodha as part of our risk-management policy.
Whose risk are you managing? You should leave it to your customers to manage their own risk. US brokerages do not have such arbitrary limits and they have been at this much longer than zerodha. Do other brokerages in India have such limits? I hope you will remove this limit or at least increase it to a larger number, at least 100,000. Looks like zerodha is doing this to make things easier for itself.
Current Price is 193. I have put GTT SL trigger price Rs. 186 and limit price 185 and target trigger price 500 and limit price 501. what will happen If trading session opens at 186 and goes downwards?
Your sell limit order will be placed at 185 and it’ll be executed.
Nithin,
GTT is a great product. A major hickup is it only relies on LTP and doesn’t capture Opening Price. For example, if a GTT trigger is set at 1200 and opening price is 1201, but the next traded price is 1190, GTT does n’t get triggered and the trader loses out on an opportunity.
Why pricing or extra cost to traders? This must be free of cost..
Hi Chandresh. There is a cost associated with maintaining the GTTs on our system and monitoring the market to place them at the right time, hence the suggested pricing.
Great feature for part time traders/investors.. Please do keep the charges minimum please.
Can GTT order be placed after Market hours ?
Is the feature available for commodities as well ??
When GTT triggers, we get an email from. The subject line says “GTT for *** was triggered”, if we can differencitae trigger of Target & SL, it will be of great help, if we receiving mail of mobile. No need to open the mail & read it. You may change teh subject line to
1. GTT Target for *** was triggered or
2. GTT – SL for *** was triggered
Hope you will consider it.
Hi Nithin,
It’s an excellent & useful feature however limit of 50 Nos only, is a big shortcoming. Suppose you buy a script is 3-4 lots and would like to place different GTT orders for every trade, to harness the maximum profit, the limitation of 50 nos becomes a big drawback.
Pl look into the removing this limit of 50 when this feature becomes paid one. You can charge slab wise i.e. 0 – 100, 100-200 etc.
I hope the GTT will not be triggered on mock trading days. Please correct me if I’m wrong.
When will it be available on Pi?
Hi, did you apply any charges on GTT order? Or still free.
hi kamath,
my ac has some probs.
i want to trade in comodity mcx
but system do not give option to credit amount to MCX comodity section.
comp[lanied to customer care , ticket been generated .
but no response
hence this message .
plaese do some favor
Hi there. I see that an agent has replied to your ticket on the same day. Your account has been deactivated due to prolonged inactivity. Please renew your KYC here to get started again.
It’s really cool feature. Like combination of sentinel trigger and baskets.
Hi –
While creating a Buy GTT, I am getting an error “Invalid Quantity”. When I reduce the quantity, I succeed in creating the GTT order. Is it because I am exceeding the cash / margin in my account? But then, the GTT information indicates that there is no cash / margin required while creating the GTT.
I would request Nitin Kamath and his team to make this feature free permanently , it would greatly benefit the retail investor and with retail investor earning its good for zerodha too in the long run. please consider my humble request.
“We have developed an innovative alternative to GTC that offers all of its features and more.”
This is not correct as per your own explanation. For example, let’s say you place a Buy request at ₹500, with trigger price of ₹450 in GTT. The trigger price is hit, so Zerodha places the order, but the Buy price is not hit till the end of trading session. The exchange cancels the order and the GTT has to be placed again. Whereas under GTC, the order would be re-placed the next day automatically.
This is not to criticize the GTT feature, I think it is still a really useful feature, especially coming from a Discount Broker. However, that specific statement is inaccurate and potentially misleading to an inexperienced user.
Once GTT Buy is placed, I don’t see that order in “Order” page. If required, How can I see/modify/cancel the GTT order?
सर तीन महीने के बाद GTT का चार्ज क्या होगा और इसको लगाने का कोई हिंदी विडियो हें क्या हें तो प्लीज शेयर करे
how to activate this feature, This is not visible in my Kit app, also there is not updated version in play store. Thanks
Thanks for such a great feature. I see that you are constantly upgrading this to meet our requirements. However, the update that came recently was a very ill-planned update. While placing a GTT sell OCO option, it does not let me place a stop loss which is lower than the last traded price. This totally does not make any sense. Why do we put a stoploss which is higher than LTP? It simply defeats the purpose of a stoploss. Please remove this validation.
Hi Ashar, when you’re initiating a sell trade, your target is on the downside and you lose money if the stock price moves up. Hence the SL on a sell OCO would be above LTP.
Hello Nithin,
GTT is a very nice feature for retail part time traders like us. I am unaware if any other broker provides this feature! only one request and suggestion- please dont charge for this feature!!
Hi Nithin,
why dont you people introduce it in “options” also
This is on our list of things to do.
Good feature
but
very sorry to read
“Free for 3 months
GTT is absolutely free of charge to use for the next 3 months, after which, we’ll announce pricing.”
it should be always free as we are paying charges on every transaction .
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
This is on our list of things to do.
Great feature! Thanks much!
From when will you start charging for gtt?
GTT can be used for nifty or banknifty option??
Not right now, but soon.
In GTT, it’s good if we also have MARKET order. Right now, it is only supporting LIMIT order.
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.
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
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.
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.
It’s nice tool,
Thanks to Zerodha Team for developing it.
Great to have GTT , it will be very helpful to people like me who invest and trade rarely
regards
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.
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.
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.
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.
what If gap up or gap down open?? & my GTT price is in range of gap??
@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.
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.
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.
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.
Awesome features 🙂 cheers !!!
Query
How to delete triggered orders from screen
They are automatically removed after 4 days.
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.
That’s a great news. Keep up the good work & keep adding new features.
Isn’t this a limitation of the broker? And why is it free for only 3 months?
Hi sir
Can we use GTT orders for options ?
Not right now, but soon.
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.
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.
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.
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
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.
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
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.
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.
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.
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.
Hello,
Much awaited option and much advance form than others but such services are free of cost at axis direct and icici direct.
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.
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.
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.
Are you planning to introduce GTT on Pi platform as well? It would be better if you’re planning on Pi as well.
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.
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?
Sharekhan has this facility free of cost.
but why not in derivatives
Will offer this for F&O soon.
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
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
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.
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
Not seeing for futures
This is only available for stocks right now. We will make it available for futures and options in some time.
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.
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.
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
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.
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!!
sir,
whether,orders can be placed even after the market close.
Yes, you can place GTTs at any time.
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.
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.
Hope zerodha will not use our data for their own benefit.
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
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.
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?
FANTASTIC FEATURE
Is this applicable only for Delivery or can be used for Intraday and Future as well??
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.
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.
great sir …. salute you … very good innovation
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.
Cheers !!
New milestone!!
Please make this GTT free don’t make again mistake like zerodha coin initially charged and make free after sometime because of competitor.
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.
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.
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.
I also support this request to include the option for “Disclosed Quantity” for ease and parity to the normal order.
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.
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.
Please increase the GTT free time limit from 3 months to one year.Thanks
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
I want gtt
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.
Is it applicable for existing positions in Futures & Options?
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.
Awesome Work Mr. Kamath
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.
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.
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.
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 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.
This feature is an edge over others and should not be charged.
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.
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? 😜😜
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.
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.
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.
what if i am using kite app?
Will add it to the Kite 3 mobile app soon.
Why their is cost involved in placing GTT Order, all other broker provide this feature free of cost for a long time
Any plans to roll out this feature for the FNO segments?
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.
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.
Congrats! Very useful feature.
But I mostly deal in Futures. How do I use it for Futures or Options?
Like to know if this feature is available for equity futures too.
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. 🙂
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!
Nice feature which is already provided by other brokers with free cost.. since this is basic feature it has to given free of cost.
Very good initiative… Definitely this will be a good advantage to active traders….
I just want to know the margin required to buy a stock
You can check out our margin calculator for that.
Please create a feature for portfolio stop loss trigger also
Ah. This would be considered an algo and so can’t be offered.
Its a very nice feature for working professionals who cannot watch the market on daily basis.
GTT Should be free of Cost.
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
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.
is it applicable for f & o also
For now, no. Will offer this for F&O in the future.
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.
It’s not available on Kite Mobile app?
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.
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.
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 🙂
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
Yes, at least GTT should be free for small orders. Otherwise, we ended up with commission, charges, and tax only 🙁
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.
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.
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.
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..
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.
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
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…
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 😀
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.
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.
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.
very good & usefull feature
but it should not be charged
thanks
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.
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.
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. 🙂
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.
Thanks really great feature. Looking forward to it’s pricing after 3 months
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.
Very nice sir but it should be free life time
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. 🙂
hi
very nice feature. try to keep this service free, if possible increase AMC charges no problem but this service should be free.
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.
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.
Its actually great step thanks
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.
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.
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.
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.
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..
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.
Zerodha upgrades are too good. Loved all your products. Wishes for more.
Great..
Can Zerodha margin calculator be included in Mobile App.
Yes, we are working on this.
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. 🙂
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.
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?
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
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.
Hi Team,
Please can we have friendly SIP option via coin for mutual funds.
Working on this.
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. 🙂
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.
Excellent, Great initiative….Thanks Zerodha Team..
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.
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.
When is available GTT option?
This option is live and available on Kite since last Thursday.
Request you to add TSL Feature in GTT.
Trailing stoploss would be considered an algo and so cannot be added to GTT.
good works…
how to remove GTT once created.
Simply go to the GTT tab on the orders page of Kite and cancel.
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.
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.
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.
Awesome..i remember requesting this feature as hdfc supports this since years and now it is here as well..
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.
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.
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. 🙂
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.
Any plans to enable this on F&O segment in future?
Looking into the feasibility of offering this for F&O.
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.
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.
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
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.
WOW CONGRATULATIONS U DONE WHAT I WAS WANTING FROM LONG TIME IT WILL SAVE OUR TIME AND MONEY
THANKU SO MUCH FOR THIS REVOLUTION
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.
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
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.
very useful feature
For the order window in GTT, please color the window BLUE and RED entirely to avoid user errors.
sir please add sl-m option under bracket order section. it’ll be really helpful
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.
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?
Sir,. Please add net change number in portfolio position under in kaite.
When will such a similar option be provided for Futures?
I done see opion in app
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
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?
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 !
I thought this feature will be free for lifetime, but it is not.
Please enable BO for commodity
Yet another milestone ! Cheers !
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.
Thanks. You are Great ,& understand what customer want
…Please Introduce Stock SIP also…
Requesting you to kindly make video on the same
your always good, but one problem your live data speed slow compare angel broking. please fix soon, then you always top
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.
Nice to read about G T T feature and of course it is an another milestone of Zerodha Trading Platform.
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?
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.
That is really real entrepreneurship.
Great… Thanks 🙂
That is really real entrepreneurship. All the best.
Good, but why should you charge after 3 months? Reconsider it and don’t charge for it.
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.
sir demo in you tube video please
GTT and OCO not available for options and futures ???
Woo Hoo!!
Long awaited. Congratulations on adding this very important feature!!
Good. Pls keep innovation on & on & on…..
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?
Kudos Zerodha Team for this feature. Awaited for a long time. Thanks!
#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
Error commimg – While modify
Error Modifying GTT
Forbidden
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.
Great feature. One suggestion though is GTT dashboard should have the expiry date.
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.
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.
Great initiative….Thanks Zerodha Team..
Great feature. When will this be available for Futures?
good features
Don’t charge money for this or make it FREE for them from who you earn big amount of brokerages.
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
Kindly bring it on f&o segment…
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.
If GTC comes with the trailing option, it will be worth to pay.
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.
Worth paying for but know your limits
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
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.
Thanks for the efforts.
Request you to please keep the prices low for the same after 3 months
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
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……
YES This is what I was waiting for. Great!! Thanks You.
Do I need to upgrade Kite for this?
Is GTT available in MCX exchange?
sir we expect this order in intraday aswell? and thank yu for this ….
Will it be applicable for future and options also?
Great sir . You hv done a great job
A kind of long wish filled
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
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.
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
Excellent, this was long overdue. Please extend to NRML positions as well.
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?
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.
Kudos Nithin, At last you made it..
Zerodha is the first Discount broker to have this feature, I guess.
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.
This is what we r waitingggggggggg and you have filled that empty space ..thxs now not worry
Beautiful!!
this feature is there in the market. and i have used it, somewhere since 2008.
congratulations ZERODHA finally for having it.
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.
Is GTT applicable to F&O positions also? Or only cash?
I’m afraid not. GTT is only available for equity delivery for now.
Pl do the same for commodity trades also
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.
I was much waiting for this feature. Why the extra charges for this? Very disappointing.
Is GTT applicable to F&O positions also?
No only for Equity delivery as of now.
What a feat Zerodha & Nithin!! Truly laudable…..I firmly believe you folks make more than enough profit at Zerodha to keep it free forever…..
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
IS GTT available for Commodity also?
GTT is only available for equity delivery.
yes well said. hats off to u.
Dear Sir,
When you will introduce BO on Commodity.
Regards,
N.Venkateswaran
Great … Wonderful. Iam waiting for it for long.
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 work.. keep doing👍👍
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.
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?
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.
Thanks for the much awaited feature..
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.
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.
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.
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 ?
Thanks Zerodha team, for incorporating this feature. Now on holidays (India or abroad), need not wait for internet connectivity for days together.
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.
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.
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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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.
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.
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.
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.
@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.
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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Nice work
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.
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
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.
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. 🙂
Kindly introduce systematic equity plan option in zerodha. Ao that we can place monthly purchase of small qty of stock
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.
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?
Zerodha why did not you come with an IPO? I want to invest in your co.
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.
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’.
Great, Thanks for it. Kudos to Nithin ji n team members involved.
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.
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.
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
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.
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
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.
Is this feature available for api ?
Not as of now, if it is added will update api clients accordingly.
Good step again by zerodha…. kudos.. it will make the investors more disciplined…
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.
“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.
Happy to hear this… Kudos Team….!!!
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
Hi nitin, congrats for this milestone.. I also want to place option orders based on the underlying security. Pls provide this feature asap…
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.
LOVE AND RESPECT
Long-awaited and BHALO feature to have.
Yo Nitin!
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.
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 Work !!! Very Much Needed Feature. Will really make life simpler. Bravo to development 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
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.
Congratulations Nithin Sir& zerodha team ..!!A wonderful invention which i think traders will surely like a lot .Kudos ..!!!!
Please launch GTTs for futures also…
Very good feature for investors. Kudos to Zerodha team.
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…..!!!
Thanks for all you team events tags highlight trading pannal
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
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.
Hi,
Which is the advanced web version of Zerodha platform, is it Kite? If yes, I tried to explore the demo version of it and found that while placing a GTT buy order, there is not an option to put stop loss and target at once in the same order. In order to do so, I have to put another Sell order to provide stop loss and target.
Kindly help in better my understanding before I go ahead and open an account.
Thanks,
Pankaj
Hi Pankaj,a stoploss and target order can be placed by only using sell GTT. More here For further clarification, please create a ticket so our team can assist you.
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.
Sir ji why gtt order not executed when I can place it on trigger and price more like it behave as market price
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).
how can we place a GTT sell order for a tagged security? meaning thereby if we want to sell a portion of the holding equity via GTT. how can we proceed ?
Hi Suresh, you cannot place one GTT order for all the stocks you hold. You will have to setup GTT seperately for each stock.
Is gtt order available for future and options for Bank nifty in kite mobile app also.
Please confirm sir