How GTT Works: Master Trigger Orders Easily

How GTT Works: A Complete Guide to Good Till Trigger Orders

Problem: Placing orders at precise price points can be challenging when you’re busy or markets move fast. You risk missing ideal buy or sell levels or manually re-entering orders multiple times. Promise: Good Till Trigger (GTT) solves this by automating order placement at your target price and keeping the trigger active for up to one year.

What Is GTT (Good Till Trigger)?

Good Till Trigger (GTT) is an advanced order feature offered by many brokers on the NSE, BSE, MCX & NCDEX. Unlike market or limit orders that may expire by end-of-day, a GTT order remains dormant until your specified price condition is met—or until its one-year validity lapses.

Key Features of GTT

• Trigger Price: The specific price point at which your order converts into a live exchange order.
• Order Type: Supports Delivery & Margin in Equity Cash on NSE & BSE; Carry-Forward in Derivatives on NSE, MCX & NCDEX.
• Validity: Remains active for up to 365 days from creation—no need to re-enter daily.
• Flexibility: Place buy or sell instructions with separate trigger and limit prices.
• Notification: Receive SMS/app alerts when your trigger condition is met and the order is placed.

Step-by-Step: How GTT Works

1. Create GTT: Log in to your trading platform and navigate to the ‘GTT’ section.
2. Select Scrip & Product Type: Choose the equity or derivative scrip, then select Delivery, Margin, or Carry-Forward.
3. Set Trigger & Limit Prices: For a buy order, the trigger price is above/below current market price. For a sell, vice versa.
4. Specify Quantity: Enter the number of shares or contracts you wish to trade.
5. Review & Confirm: Double-check all parameters—trigger price, limit price, product type—then click ‘Create GTT’.
6. Wait for Trigger: The order remains inactive until the market touches your trigger price.
7. Order Placement: Once triggered, your order is sent to exchange as a limit order at your specified limit price.

GTT vs. Traditional Stop-Loss & OCO Orders

Many traders ask how GTT stacks up against stop-loss or One-Cancels-the-Other (OCO) orders.

Comparison Table

Feature	GTT	Stop-Loss	OCO
Validity	Up to 1 year	End of day	End of day
Order Activation	Trigger & limit separate	Trigger only	Dual triggers
Flexibility	Buy/Sell, multiple segments	Sell only	Buy & Sell combos

Benefits of Using GTT

• Time-Saver: Set-and-forget orders without daily re-entry.
• Precision: Execute trades exactly at your desired price.
• Risk Management: Automate entries/exits to stick to your trading plan.
• Convenience: No need to monitor markets 24/7.

GTT in Action: Real-World Example

Suppose Reliance Industries is trading at ₹2,500. You want to buy only if it dips to ₹2,450, but still want a limit of ₹2,455. With GTT:

• Trigger Price: ₹2,450
• Limit Price: ₹2,455
• Quantity: 100 shares

If the price touches ₹2,450 any time within a year, your buy order at ₹2,455 will be live on the exchange.

Internal Resources

For more on market trends, check our recent analysis of Bank Nifty’s movements here. You can also explore our homepage for the latest updates.

FAQs about GTT

Q1: What happens after one year?

A: The GTT order expires automatically; you’ll need to create a new one if needed.

Q2: Can I modify a GTT?

A: Yes, you can modify trigger & limit prices or quantity before it’s triggered.

Q3: Are there extra charges?

A: Brokerage and exchange fees apply only when the order is executed, not on creation.

Q4: Can I place multiple GTTs on the same scrip?

A: Absolutely—most platforms allow multiple pending GTTs per scrip.

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