By popular request, we have introduced our long-standing order type “GTT” for Index futures and options on Kite web. We will soon have it on the Kite mobile as well. So now for Index F&O
You can set a long-standing stop-loss and/or target while entering an index F&O trade or from the positions page if you already hold a position. This means you don’t have to keep track of positions all the time.
This will help you stay disciplined due to the ability to set long-standing stoploss.
Unlike normal orders where you need additional margins to place both stoploss and target, you wouldn’t need additional margins to place a GTT.
The important thing to remember though is that if you manually exit positions for which you have already set a GTT, you have to cancel the open GTT. If you don’t, they will get executed whenever triggered creating a new position you may not want. The nudge on Kite order window will show any pending GTT as a reminder.
You can actually do it both ways. If you have already taken a trade, go to positions and set OCO GTT from there. Or else, while entering itself, you can set OCO. We will create a post explaining this clearly.
@siva
Presently, In GTT, SL and Targets can only be set in % values. Can option be given for absolute value selection also ?? That will be easy coz while trading options, % is difficult to set.
It can be set in absolute value, you can actually mention the exact SL and Target. You can do this by clicking on create GTT on watchlist or from holdings/positions. On the buy/sell order form, we allow only % as the order form will become cluttered.
@nithin The method you suggested adds more to complexity to Fill trigger as well as price values four or six times including Order Qty in seperate boxes. I am talking about while placing orders. I think, the snapshot i attach is feasible without adding to more of complexity and even without hampering the order window size. I think it can be considered for implementation.
