What is a GTC (Good Till Cancelled) stock order on Pluang?
A GTC order is a Limit order that stays open across multiple trading days instead of expiring when the market closes. You choose GTC from the Time in Force option when placing an Indonesian stock order, set your price as usual, and the order keeps working every trading day until it matches, you cancel it, or it reaches its expiry. It is the order type for patient bidding — you can put in a price well below the current market and simply wait, rather than re-entering the same order every morning. GTC is a validity setting on a Limit order, not a separate order type: you still set the exact price you are willing to trade at, and the order only ever executes at that price or better.
GTC validity for Indonesian stocks is available in the Pluang app only. The web trading platform offers only Market orders and Limit orders with Day (end-of-day) validity, and does not offer GTC. Everything below describes the app.
How a GTC order behaves day to day:
| Stays open | Across trading days, until matched, cancelled, or expired |
|---|---|
| Maximum lifespan | 180 days |
| What you set | Your price and the number of lots — the same as any Limit order |
| When it can match | Only during IDX trading hours; a GTC order is never sent while the market is closed |
| Amendable? | No — a GTC order cannot be amended, only cancelled |
| Can carry Stop Loss / Take Profit? | No — SLTP requires Day or Session validity |
What happens overnight. At the end of each trading day the exchange withdraws the previous day's order, and a fresh order is created the next morning for the same price and the remaining lots. The IDX order number changes each day, but the order you see in the Pluang app stays the same — you do not need to do anything, and your place in the order is maintained by the system rather than by you.
Partial fills carry over. If part of your GTC order matches on one day, only the unfilled lots are carried into the next day's order. A GTC buy for 10 lots that fills 4 today will carry 6 lots forward tomorrow.
When a GTC order ends early:
- You cancel it — at any time during trading hours, except in the same second it was placed.
- The stock is suspended — all GTC orders on that stock are cancelled.
- It reaches 180 days — the order expires automatically.
Not available for rights and warrants. GTC validity cannot be used on rights (-R) or warrant (-W) instruments.
Related questions:
Q: Is GTC a separate order type or a validity setting on Pluang?
It is a validity setting — specifically a Time in Force option on a Limit order. You still enter a price, and the order still only executes at that price or better. What GTC changes is how long the order survives: instead of expiring at market close like a Day order, it continues across trading days. There is no such thing as a GTC market order, since a market order executes immediately.
Q: What is GTC useful for?
Patient buying and selling. If you want to buy a stock only if it drops to a price it may not reach for weeks, a GTC order lets you set that price once and leave it. The same works on the sell side — you can queue an exit at a target price and let it wait. Without GTC you would need to re-enter the identical order at the start of every trading day.
Q: Does a GTC order try to match when the market is closed?
No. Orders are only sent to the exchange during IDX trading hours, so a GTC order sits dormant outside those hours and resumes when the market reopens. It does not execute on weekends, on exchange holidays, or overnight — the "good till cancelled" part refers to how long it survives, not to when it can trade.
Q: Is GTC on Indonesian stocks the same as GTC on US Stocks at Pluang?
No, and the difference matters. Indonesian stock GTC orders last up to 180 days, while GTC on US Stocks is capped at 30 calendar days. Each asset class trades on a different exchange under different rules, so never assume a GTC rule learned on one Pluang product applies to another.