# Order Types ## Order Types Ventuals supports multiple order types to help you enter, manage, and exit trades with precision. *** ### Basic Orders #### Market Order Executes immediately at the best available price. Fastest way to enter or exit a position. *** #### Limit Order Lets you choose the exact price you want. Fills only if the market reaches your price or better. *** ### Conditional Orders #### Stop Market Order Becomes a market order once price hits your chosen level. * Commonly used for stop losses or breakout entries * Long triggers must be **above** mid price * Short triggers must be **below** mid price *** #### Stop Limit Order Similar to stop market, but triggers a **limit order** instead of a market order. *** #### Take Market Order Triggers a market order when price reaches your target. * Long triggers must be **below** mid price * Short triggers must be **above** mid price *** #### Take Limit Order Triggers a limit order once your selected price is reached. *** ### Advanced Orders #### Scale Order Automatically places multiple limit orders across a price range. Useful for laddered entries or exits. *** #### TWAP (Time-Weighted Average Price) Splits a large order into smaller trades executed every 30 seconds. * Max 3% slippage per suborder * Attempts to stay on pace over time * May not fully fill in low-liquidity conditions *** ### Order Options #### Good Til Canceled (GTC) Order remains active until filled or canceled. *** #### Post Only (ALO) Adds the order to the book as a maker. Cancels if it would execute immediately. *** #### Immediate or Cancel (IOC) Attempts to fill instantly. Any unfilled portion is canceled. *** #### Reduce Only Ensures the order can only decrease an existing position. *** ### Take Profit / Stop Loss (TP / SL) Automatically close part or all of your position when a target (TP) or safety level (SL) is reached. * Default execution is market * Optional limit price supported * Can be applied to partial position sizes Used to lock in gains and manage downside risk.