What is the new VTT order type?

What is the new VTT order type?

VTT stands for Valid Till Triggered orders. It allows you to set a trigger price, whenever your trigger price is hit on same day or at a future date, a (limit/market) order will be placed on the exchange as per the limit price set by you. These orders will be active until triggered.
Along with this it also allows you to enter Stop Loss and/or Target order legs at the time of placement of the entry order. However both these legs will be active only upon execution of 1st leg . Similar to 1st leg, even for these legs you set a trigger prices and specify action to be performed upon getting triggered.

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