Table of Contents
What is use of GTT in Zerodha?
GTT is a feature which allows you to set a trigger price, such that; if your trigger price is hit in a future date, a limit order will be placed on the exchange as per the limit price and preset conditions set by you.
What happens if GTT is high?
If one of the results is higher than normal, you’ll likely need to test again in four weeks. If two or more of the results are higher than normal, you’ll be diagnosed with gestational diabetes.
What is the validity of GTT order in Zerodha?
GTT in Zerodha remains valid for one year or till the trigger condition is hit. Unlike GTC, GTT orders get placed to the exchange only when the set trigger condition gets hit. The execution of the order is not guaranteed as it is dependent on the order price.
What is the difference between trigger and LTP in Zerodha?
Thus, the difference between trigger and LTP should be at least 0.5\% of the stock value. In case, the difference is lesser than the expected limit, the order gets rejected. Zerodha GTT time limit is one year from the date of order placement or GTT trigger whichever is earlier.
Why do GTT orders get canceled at the end of the day?
Once the GTT is triggered but, no match is found at the specified limit price, the GTT order gets canceled at the end of the day. To increase the probability for trade executions, the buy limit orders should be above the trigger price and the Sell Limit orders should be below the trigger price.
How do I place a GTT order to be guaranteed execution?
To be guaranteed of execution, make sure to place your limit price higher than the trigger price for buy GTT orders (acts like a market order with the protection of your limit set), and sell limit price lower than the sell trigger price for sell GTT orders. The further away from the trigger, more likely to be guaranteed execution.