Good Until Cancelled (GTC)
An order type that remains active until it is filled or manually cancelled by the trader, with no automatic expiration.
A good until cancelled order stays in the market indefinitely until executed at the specified price or the trader cancels it. Unlike day orders that expire at session end, GTC orders persist across sessions, making them useful for traders who want to enter or exit at specific price levels without constant monitoring. Most forex brokers support GTC for pending entries, stop-losses, and take-profits.
How It Works
- Trader places a limit or stop order with GTC as the time-in-force setting
- The order remains active through multiple trading sessions
- Fills automatically when the market reaches the specified price
- Some brokers impose a maximum duration (e.g., 30 or 90 days) after which GTC orders are auto-cancelled
Trading Tips
Review open GTC orders regularly. Market conditions change, and old orders may no longer be relevant.
Use GTC orders to set entries at key support and resistance levels while away from the screen
Check your broker's GTC policy. Some cancel after a set period, which could cause missed fills.
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