A Good Till Triggered (GTT) order is a feature that allows you to place buy or sell orders with predefined trigger conditions. These orders remain active until they are triggered, cancelled, or until the contract expires, whichever occurs first.

Key Features of GTT Orders in F&O Trading:

a. Trigger and Limit Prices: You can set a trigger price at which the order is activated, and a limit price at which the order is placed in the market.

b. Single and OCO Triggers: GTT orders can be configured with a single trigger or as a One Cancels Other (OCO) order, where both stop-loss and target prices are set; triggering one will cancel the other.

c. Validity: The GTT request remains valid until it is triggered, canceled, or until the contract expires, whichever is earlier.

If the trigger conditions for a Cover Good Till Triggered (GTT) request are met, but the associated position has already been closed or there is an existing cover/square-off order pending, here's what happens:

a. Automatic Cancellation: When the GTT's trigger conditions are met, the system attempts to execute the order. If the position is already closed or there's a pending square-off order, the GTT order will be automatically canceled.

b. Notification: You can view the cancellation details in the GTT book.

The pending GTT Square off order request after getting triggered will check for any open position in same underlying contract and if it exists the GTT square off order will be sent to the exchange against the recreated position in the same contract.

The pending GTT -request will stay 'Active' status until the contract expires or you cancel the GTT request from the GTT Book.

When the customer places GTT request while selecting the contract itself the validation message will be displayed that the contract is disabled for GTT and you GTT request will not go through.

No, you don't need to allocate funds while placing GTT request. However, customers to ensure sufficient limits are available in F&O segment during trigger to meet requisite margin required for the order.

One can identify GTT orders from the order book highlighted in red.

GTT request will be valid till it is triggered, cancelled or till expiry of the underlying contract, whichever is earlier.

Single trigger type GTT request is where you can set a single trigger price instead of both stoploss and/or target trigger prices require in OCO trigger type.

In 'One Cancels Other' (OCO) trigger type GTT requests both 'Stop Loss' and 'Target' trigger prices can be set where one trigger shall immediately cancel the other. OCO GTT request can be placed along with the fresh order from the existing order placement page and also from the separate GTT tab provided under the 'Place Order' page. Customer is looking to buy June 8 Nifty 18500 CE @150 at the same time he will place a GTT request for Stoploss Trigger price of Rs 120 and Limit price of Rs 110 and Target Trigger price of Rs @200 and Limit price of Rs 115 and vice-versa for sell. Now if the stop loss condition is met then that order will be sent to the exchange for execution and Target price condition will get cancelled immediately and vice versa.

Yes, you can modify trigger prices (Stop Loss/ Target) or limit price for your GTT request from the GTT book.

You can choose to place only Target or only Stoploss trigger price or both only in case of cover OCO GTT trigger type. In case of OCO GTT from GTT tab both Stoploss and target trigger price will need to be set. In case of single trigger type only trigger price can be set. Please note all GTT orders will be sent as limit price orders where the limit price is taken same as trigger price set by you which is editable.

The statuses against your GTT request in GTT book are:

• Inactive- The status of GTT request is 'Inactive' in case of your Cover OCO GTT request where your fresh order is not executed against the same.
• Active- The Status of GTT request is 'Active' in case of Single GTT request is placed and for Cover OCO request your fresh order is fully executed.
• Triggered- The status of GTT request is 'Triggered' in case:

1. Single GTT request is send to the exchange when the price is triggered.
2. Cover OCO GTT, where any one i.e., Stop-Loss or Target is triggered and sent to the exchange and other get cancelled immediately.
3. Cancelled- The Status is cancelled against your GTT request if the request is triggered but get cancelled.

The active and Triggered GTT request can be tracked from GTT Book.

Yes, customer can place cover/Square off OCO GTT request (Stoploss/ Target) from Open position page by clicking on Square off link and enable, 'Square off with GTT' Toggle button.

Yes, customer can continue to place normal square off order from Square off link provided in Open position page even if there is an active GTT OCO request.

GTT will be rejected automatically if there is a shortage of funds at the time when order is triggered.

Yes, all online existing and new customers of ICICI Securities Limited who are eligible to trade in F&O can avail GTT facility.

No, GTT facility is available only for the enabled underlying's in F&O and all enabled contracts under the enabled underlying. However, I-Sec can disable any of the stocks or indices or contracts at its discretion.

GTT orders help in automating trades, set StopLoss or Target price or both. Hence, reducing the need to monitor the market constantly, and can assist in implementing trading strategies effectively.

GTT orders can be placed with a maximum limit of 1 order per contract.

Yes, GTT orders can be placed for multiple stocks.

To cancel a GTT order one can navigate to F&O >> GTT Book >> Select your order you wish to cancel >> Action >> Cancel >> Confirm

There are typically no additional charges for placing GTT orders, but standard trading fees apply once the order is executed.

If executed, the order will be processed like any regular trade, and you will receive confirmation of the transaction.

Yes, GTT orders can be placed for options as well as stocks and futures.

Trigger price is the price at which your request will get triggered for sending order to exchange & limit price is the price at which your order will get placed at exchange.

GTT orders remain active until triggered, while regular limit orders are only valid for the day they are placed unless specified otherwise.

The pending GTT request will stay 'Active' status until the contract expires or you cancel the GTT request from the GTT Book.

No, GTT is not available for Intraday products.

Status of GTT orders can be checked from F&O >> GTT Book >> Status

Yes, GTT orders can be placed during market hours.

Yes, GTT orders can also be used for futures contracts.

The GTT order remains active, and it will trigger when the market opens and the conditions are met.

GTT order allows only 1 Trigger price per contract.

GTT orders do not impact your margin until they are executed.

Yes, they are useful for long-term investors who want to automate entry or exit points.

Yes, GTT orders can be used in volatile markets, but it’s essential to set realistic trigger prices.

No, you don't need to allocate funds while placing GTT request. However, customers to ensure sufficient limits are available in F&O segment during trigger to meet requisite margin required for the order.

You can place buy/sell GTT request from separate GTT window given in the order placement page on the website. Alternatively, you can place cover GTT either from existing place order page while placing fresh order or from the Open position page.

Set realistic trigger and limit prices based on market conditions to increase the likelihood of execution.

Market liquidity, volatility, and order type can all influence execution.

They help automate trades, allowing you to focus on strategy rather than constantly monitoring the market.

When the customer places GTT request while selecting the contract itself the validation message will be displayed that the contract is disabled for GTT and your GTT request will not go through.

The GTT order may be impacted; the order will be automatically cancelled before the Corporate Action takes place.

Yes, GTT orders can be used for stock options.

GTT orders can be used for both entry and exit points, while stop-loss orders are specifically for limiting losses. But GTT orders can be used as a Stop Loss order as well by placing a GTT in your Open Positions.

The order will remain pending and will be triggered once trading resumes and conditions are met.

No, GTT orders can be placed after Market hours but will only be executed during market hours when the trigger price is reached.

You can place GTT orders as often as you wish, subject to trading regulations and limits.

You can cancel the GTT order at any time before it is executed.

Yes, you can place and manage GTT orders through the ICICI Direct mobile app.

You can set up alerts and notifications in your account settings on ICICI Direct.

Any GTT placed for banned stocks & if GTT triggers then GTT order get rejected by the system.

Alerts will be sent through notifications and emails.

Ensure that you comply with the platform’s guidelines and market regulations while placing GTT orders.

You can refer to the ICICI Direct help and FAQs section, user guides, or customer support for detailed information on GTT orders.

The active and Triggered GTT request can be tracked from GTT Book.

If GTT is already placed and if the stock gets banned, GTT will be automatically rejected once triggered. You can check the list for banned stocks from the following path: ICICI Direct Home page >> F&O >> Track Market Activities >> Securities in Ban for trade

If you've placed a normal square-off order from the Open Position page and still have a pending Good Till Triggered (GTT) request for the same position, here's what happens:

a. Pending GTT Remains Active: The GTT request will remain in an 'Active' status until its trigger conditions are met.

b. Upon Triggering: If the GTT's conditions are met after your manual square-off order has already closed the position, the system will attempt to execute the GTT order. However, since the position is no longer available, the GTT order will be cancelled automatically. You can view the cancellation details in the GTT book.

The Good Till Triggered (GTT) feature allows you to set conditional buy or sell orders that remain active until the set trigger condition is met. It helps automate trades by placing orders only when the market reaches the predefined price levels.

How GTT Works:

a. Set Trigger and Limit Prices

You define a Trigger Price (the price at which the order gets activated).

You also set a Limit Price (the price at which the order is placed once triggered).

b. Order Execution:

The GTT request remains valid until the condition is met, manually cancelled, or the stock/F&O contract expires.

Once the stock reaches the trigger price, the system automatically places the order at the specified limit price.

c. Types of GTT Orders:

Single Trigger GTT: Triggers an order when the stock reaches the set price.

OCO (One Cancels Other) GTT: Allows setting both target and stop-loss conditions. When one is executed, the other is cancelled automatically.

d. Use in Futures & Options (F&O):

In F&O, GTT orders can be placed for both buying and selling contracts.

GTT requests can be managed from the GTT Order Book.