The GTT Good till triggered feature keeps an order open until it meets the specified condition, which remains valid for up to one year.  Traders constantly seek tools and features that can enhance their efficiency and maximize their returns.  GTT order means good till triggered features is gaining popularity among traders is the GTT feature. These Feature traders execute their strategies with precision and flexibility offering a way to manage their positions over time. 

Use the Good till Triggered (GTT) Feature

Good Triggered feature is the trading tool offered by many brokerage platforms, It allows traders to place the orders that remains until trigger conditions is met, enabling them to automate their trading strategies and reduce the need for the constant monitoring of the markets. Trigger conditions can be based on the various parameters such as price movements, technical indicators or even external events. 

1.  GTT feature, placing the GTT Order traders begin by placing the order through their brokerage platform's trading interface. This order specifies the desired security, quantity, price, and the trigger condition that must be the met for the order to be executed.

2.  Traders define the trigger condition based on their trading strategy and market analysis. “GTT” Good till triggered in share market condition is simple as the specific price level being reached or as complex as a combination of technical indicators signaling a particular market trend.

3. The trigger condition is satisfied, the GTT order is the automatically converted into the market order or limit order, depending on the provided by the trader. This execution and seamlessly, ensuring that traders capitalize on their predefined trading opportunities.

Types of GTT Order Feature 

1. Stop Loss GTT orders help limit losses by automatically executing a sell order when the trigger condition is met, thus protecting the trader's capital. This type of GTT order is triggered when the price of an asset reaches a specified level, signaling a potential loss for the trader.

2. Take Profit GTT orders are triggered when the price of an asset reaches a predetermined level that indicates a profit for the trader. These Order automatically execute the sell order at the specified price. Allowing traders to lock in profits without the need for monitoring of the market. 

3. Entry GTT orders are used to enter a position in the market at a specific price level. Traders set the trigger condition based on their analysis and strategy, and the order is executed when the price reaches the designated level.

4. One cancels the order (OCO) Gtt normal value order allows traders to place two orders with different trigger conditions. If one order is executed, the other order is automatically canceled, helping traders manage both entry and exit positions efficiently.

Conclusion 

GTT Good till Triggered feature offers traders the flexibility of keeping orders active until specific conditions are met, with validity. GTT Good till triggered with the execution of limit orders contingent on sufficient funds in the broker account, enhance efficiency and strategy implementation. It helps risk and reduce emotional bias in trading decisions. Traders can utilize GTT orders to enter and exit positions at opportune moments, maximizing profit potential while minimizing losses.