What are the order validity periods for Indonesian stocks on Pluang?
Pluang offers three order validity options — also called time in force — for Indonesian stocks: Day, Session and GTC. A Day order stays active for the rest of that trading day and expires automatically if it has not matched by market close. A Session order is shorter: it expires at the end of the session it was placed in rather than running to the end of the day. Day is available in the Pluang app and on the web trading platform; Session and GTC are available in the app only. All three apply to Limit Orders, where you set the price yourself. GTC (Good Till Cancelled) is a third option, available in the Pluang app only — it keeps an order working across trading days for up to 180 days instead of expiring the same day. A Market Order has no validity choice at all: it executes immediately and any unmatched portion is withdrawn rather than left open.
Order validity on Pluang for Indonesian stocks:
| Validity Type | Available | Duration | What Happens When It Expires |
|---|---|---|---|
| Day | ✓ Yes — app and web | Until market close that trading day | Order is automatically cancelled; any funds held are returned to your RDN |
| Session | ✓ Yes — app only | Until the end of the session it was placed in | Order is automatically cancelled; any funds held are returned to your RDN |
| GTC (Good Till Cancelled) | ✓ Yes — app only | Up to 180 days, or until you cancel it | Order expires automatically; any funds held are returned to your RDN |
What this means for your orders:
- Choose Day when your view is about the whole trading day and you are happy to leave the order working until the close
- Choose Session when you only want the order live for the current session rather than the rest of the day
- Either way, if your limit price isn't matched before the order expires, it is cancelled automatically with no fee, and any held funds return to your RDN
- Day and Session orders don't roll over to the next trading day. If you want to keep trying at the same price across several days, choose GTC in the app, or place a brand-new order the next day
When exactly a Session order expires. The IDX trades in two sessions per day — Session I and Session II, with a break in between. A Session order expires at the end of whichever session it was placed in — Session I and Session II behave identically. Session I ends at 12:00 WIB Monday to Thursday and 11:30 WIB on Friday; Session II ends at market close. Session validity is available in the Pluang app only.
Related questions:
Q: Does Pluang support Session orders for Indonesian stocks?
Yes. Session validity is available for Indonesian stock Limit Orders in the Pluang app only — web trading offers Limit with end-of-day validity. It is shorter than a Day order — the order expires at the end of the session it was placed in instead of running through to market close, which suits a view tied to a particular part of the day rather than the whole of it.
Q: Can I use GTC (Good Till Cancelled) for Indonesian stocks?
Yes, in the Pluang app. A GTC order stays active across trading days until it fills, you cancel it, or it reaches 180 days. It is not available on the web trading platform, which offers Limit Orders with Day validity only. Note that GTC also exists on Pluang for US Stocks with a different 30-day cap, so always check which asset class a GTC answer refers to.
Q: What happens to my funds when an order expires unfilled?
For buy orders, any funds held are returned to your RDN balance immediately when the order expires, with no fee charged. For sell orders, your shares simply remain in your portfolio untouched. This is the same whether the order was a Day order or a Session order.
Q: Does a Market Order have a validity setting?
No. Market Orders execute immediately at the best price available, so there is nothing to keep open. Any portion that cannot be matched straight away is withdrawn rather than waiting in the queue. Day and Session apply to Limit Orders only.