Can we nest a GTT (Stop loss and Target) within a GTT? IFTT style

Trading
1

Say IF my GTT gets executed, THEN can THAT trigger the placing of another GTT for the same instrument?

It’s something like an IFTT-style automation.

If this is not possible within Kite, are there 3rd party apps with this feature?

3

Hi @iamitp,
As per my knowledge

If GTT order gets executed, then you have to again place another order for the same instrument because the trigger is valid only for one time. It won’t work on the principle of “If This, Then That”.

You can use Streak, where you can create your own setup & backtest all your trading strategies.

1 Like
4

Can @Streak guide on this specific use case, please?

And would it not be possible to have this IFTT-style automation built into future Kite? @siva @nithin

5

We are coming out of something close to it, 2 to 3 more weeks.

1 Like
6

Hi @iamitp

Streak does not support GTT orders. In Streak, you can set up conditions for buying and selling shares based on various technical indicators and market conditions and pre-define your SL&TP.

Note: Streak does not support any form of automation of trades. Streak generates one-click actionable notifications when your conditions are met on which you will have to click on Buy/sell notification to place orders.

1 Like
7

Awesome! Would really help retail participants to minimise their losses