General

What is an OCO request in GTT?

A One Cancels Other (OCO) GTT request allows you to set both Stop-Loss and Target trigger prices for a stock. When one trigger condition is met, the other is automatically cancelled.

• An OCO GTT request can be placed while placing a new order or separately from the GTT tab under the Place Order page.

• This helps in automating risk management by ensuring that either a profit target is reached or a stop-loss is triggered to minimize potential losses.

Example:
You buy Stock XYZ at ₹500 and place an OCO GTT Sell Order:

• Target Trigger Price: ₹550 (Limit Price ₹555) – if the stock price reaches ₹550, your sell order is placed at ₹555.
• Stop-Loss Trigger Price: ₹470 (Limit Price ₹465) – if the stock price drops to ₹470, your sell order is placed at ₹465.

Now, if the Target Price of ₹550 is reached first, the Stop-Loss order will be cancelled automatically, and vice versa.