Placing Orders on Exchanges (23)

What Is a GTT Order and How Do I Place One on Sahi?

Most trading opportunities don't arrive exactly when you're watching the screen. A stock you've been tracking might be at ₹500, but you only want to buy it if it drops to ₹470. You could sit and watch the chart all day waiting for that level, or you could set a GTT order and let Sahi handle it for you.

GTT stands for Good Till Triggered. It is an order that sits in the system and gets sent to the exchange only when the market price reaches a level you've defined called the trigger price. Once the trigger is hit, your order is placed at the exchange at either the market price or a limit price you've specified in advance. If the limit price isn't available at the time of execution, the order is not placed. Your holdings stay untouched and no trade goes through until your exact conditions are met.

For stocks, a GTT order remains active until it is triggered or you cancel it manually. For F&O, the GTT is valid till the expiry of the contract.

How to Place a GTT Order on Mobile

Step 1 — Open the order window Access the order placement screen from your watchlist, chart, or Scalper Mode for the stock or contract you want to trade.

Step 2 — Select Delivery Choose Delivery as the product type.

Step 3 — Enter quantity and select order type as Triggered Enter the quantity you wish to trade and select Triggered as the order type.

Step 4 — Set your trigger price Enter the price at which you want the order to be sent to the exchange.

Step 5 — Choose Market or Limit Select whether you want the order to execute at market price once triggered, or at a specific limit price. If limit is selected and the price isn't available at the time of trigger, the order will not be placed.

Step 6 — Set validity as GTT Select GTT as the validity for your order.

Step 7 — Add SL and TP (optional) You can also define a Stop Loss and Take Profit directly on the same screen before confirming your GTT order.

Step 8 — Place the order Tap Buy or Sell to submit your GTT order.

How to Place a GTT Order on Web

Step 1 — Open the GTT section On Sahi Web, navigate to the dedicated GTT tab in the order window.

Step 2 — Enter quantity and trigger price Fill in the quantity you wish to trade and the trigger price at which the order should be sent to the exchange.

Step 3 — Choose Market or Limit Select whether the order should execute at market price or at a specific limit price once the trigger is hit.

Step 4 — Place the order Click Buy or Sell to submit your GTT order.

How to Modify or Cancel a GTT Order

There are two ways to manage an existing GTT order on Sahi.

Via the Orders Screen Go to Orders and open the GTT order you want to manage. Select the order and you will see options to Modify, Cancel, or Buy at Market. Selecting Buy at Market converts your pending GTT into a market order and sends it to the exchange immediately at the best available price.

Via the Chart You can also modify your GTT directly from the chart by dragging the GTT pill to a new price level. This is available on both mobile and web and lets you adjust your trigger without having to go back to the orders screen.