Zerodha, a leading online stockbroking platform in India, offers a range of advanced features and tools to cater to the diverse needs of traders and investors. One such feature is the Good Till Triggered (GTT) order, which allows traders to place orders that remain active until executed or canceled. Understanding where to find GTT orders in Zerodha is crucial for traders who utilize this feature to automate their trading strategies.

Accessing GTT Orders in Zerodha

To locate your GTT orders in Zerodha, follow these simple steps:

1. Login to Zerodha Kite:

   • Access the Zerodha Kite platform using your login credentials. Kite is Zerodha's flagship trading platform available as a web-based application or mobile app.

2. Navigate to the 'Orders' Section:

   • Once logged in, hover over the 'Orders' tab located at the top of the Kite platform. A drop-down menu will appear.

3. Select 'GTT Orders':

   • From the drop-down menu, choose the 'GTT Orders' option. This will direct you to a separate page dedicated to managing your GTT orders.

4. View Your GTT Orders:

   • The GTT Orders page displays a list of all your active GTT orders. Each order is categorized based on its status, such as 'Active,' 'Triggered,' 'Executed,' or 'Canceled.'

Understanding GTT Order Statuses:

1. Active:

   • Active GTT orders are those that are currently in force and waiting to be executed. These orders remain active until they are either triggered or canceled.

2. Triggered:

   • Triggered GTT orders are those that have met their predefined trigger condition and are now waiting to be executed at the specified price.

3. Executed:

   • Executed GTT orders are those that have successfully executed and resulted in a trade. These orders are marked as 'Executed' and can be viewed in the 'Tradebook' section of Kite.

4. Canceled:

   • Canceled GTT orders are those that have been manually canceled by the trader or have expired without being executed. Canceled orders no longer remain active in the system.

Benefits of Using GTT Orders

1. Automation of Trading Strategies:

   • GTT orders allow traders to automate their trading strategies by setting predefined trigger conditions and target prices. This eliminates the need for constant monitoring of market movements.

2. Risk Management:

   • GTT orders can be used to manage risk by placing stop-loss orders or target orders that automatically execute when specific price levels are reached.

3. Increased Convenience:

   • By setting up GTT orders, traders can place orders outside regular trading hours or while away from their trading terminals. This provides greater flexibility and convenience.

Conclusion

Understanding where to see GTT orders in Zerodha is essential for traders who utilize this powerful feature to streamline their trading activities. By accessing the GTT Orders page within the Zerodha Kite platform, traders can easily view, modify, or cancel their active GTT orders. GTT orders offer several benefits, including automation of trading strategies, improved risk management, and increased convenience, making them a valuable tool for active traders.

FAQs

1. What is the maximum duration for a GTT order in Zerodha?

   • GTT orders in Zerodha can have a maximum duration of 365 days from the date of placement.

2. Can I modify or cancel a GTT order once it is placed?

   • Yes, you can modify or cancel your GTT orders before they are triggered or executed. To do so, navigate to the GTT Orders page and select the desired order.

3. How do I know when my GTT order is triggered or executed?

   • Zerodha sends notifications via email and SMS when your GTT order is triggered or executed. Additionally, you can check the status of your orders by visiting the GTT Orders page.

4. Can I place GTT orders for all types of orders in Zerodha?

   • GTT orders can be placed for regular market orders, limit orders, and stop-loss orders. However, they cannot be placed for cover orders, bracket orders, or after-market orders.

5. Are there any additional charges for using GTT orders in Zerodha?

   • No, there are no additional charges for using GTT orders in Zerodha. The brokerage fees and other charges remain the same as for regular orders.