Order Types

Automate orders to help put your strategy into action

Is placing the right order at the right time vital to your trading strategy? With our Order Types Tutorial, you can learn about the wide variety of order types available - from basic to advanced - that can automatically enter orders for you, in your account, based on market conditions you specify. Choose from stop markets, stop limits, trailing stops and conditional orders.

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Help protect gains while limiting losses

You can help reduce or limit your risk with trailing stops and bracket orders using an OCA (One Cancels Another) order. These order types are designed to let your winning trades run and allow for strategic exits if the market moves against you.

Automate your entry and exit strategies

You can easily combine individual orders into an automated entry and exit strategy with conditional orders. Consider creating a conditional order using an OT/OCA (One Triggers an OCA) to submit an entry order and include both a protective exit point (with a stop order) and a target exit point (with a limit order).

Use market conditions to your advantage

If deciding between two securities, consider using a limit order for both and allow the market to determine which order is placed and which is canceled — with either an OCA or OT/OCA (One Triggers an OCA). You can also use Trade Triggers to help you execute your entry and exit strategies by letting you set up orders to be entered in your account based on the market conditions you specify.
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Execution price, speed and liquidity are affected by many factors, including market volatility, size and type of order and available market centers. You are responsible for all orders entered in your account when a trigger you set is activated. Please make sure you keep sufficient funds or positions in your account to support the trigger.

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