What is the difference between ATO and GTT?

[themanishshaw]

I just found Alert Trade Order on Zerodha and unable to figure out the difference from GTT?

As far as I understood it seems both serve the same purpose. But I’m pretty sure there might be some difference. Please let me know if you can answer.

[SG_13]

@Arockiya_Raja

GTT (Good-Till-Triggered) orders are triggered based on the Last Traded Price (LTP) of a specific instrument. In contrast, ATO (Alert-Triggered Orders) allows you to place orders based on multiple parameters, such as LTP, High, Low, Open, and total buy quantity.

Additionally, GTT can only place a single order for the specified instrument. However, ATO enables you to trigger a basket of orders, allowing you to take positions in stocks or options based on the movement of the index or other instruments.

Check out this thread