General
What Happens to the Stoploss if the Target Price is Triggered and order is sent to the Exchange?
In the case of a GTT OCO (One Cancels Other), when the Target Price is met and the order is triggered, the Stoploss condition will be automatically cancelled.
Important Points to Note:
- Once the Target Price is triggered, only the target order is sent to the exchange, and the linked Stoploss order is cancelled.
- If the triggered order remains open/unexecuted by the end of the trading day, it will expire, and the GTT request will no longer be valid.
- In such cases, you may need to place a new GTT request if you want to set up a fresh Stop-Loss or Target condition.
This ensures that only one of the two conditions (Stoploss or Target) executes, preventing unintended duplicate trades.