> For the complete documentation index, see [llms.txt](https://docs.battle.fyi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.battle.fyi/trading/order-types.md).

# Order Types

Four order types, from simple to advanced.

## Market Order

Fills instantly at the current price. No conditions, no waiting. This is what happens when you press LONG or SHORT with default settings.

**Use when:** You want in (or out) right now and don't care about getting the absolute best price.

## Limit Order

Fills only at your specified price or better. You set the price, the system waits.

**Example:** BTC is at $60,000. You set a limit buy at $59,500. If BTC drops to $59,500, your order fills. If it never drops, nothing happens.

**Use when:** You want a better entry and are willing to wait for it.

## Stop-Limit Order

Two prices: a trigger price and a fill price. When the market hits the trigger, a limit order is placed at the fill price.

**Example:** You're long BTC at $60,000. You set a stop-limit with trigger at $59,000 and fill at $58,900. If BTC drops to $59,000, a sell limit order is placed at $58,900.

**Use when:** You want a safety net but also want to control the execution price.

## Trailing Stop

Automatically follows the price as it moves in your favor. You set a trail distance (percentage or absolute). If the price reverses by that amount from its peak, the position closes.

**Example:** You're long BTC at $60,000 with a 2% trailing stop. BTC climbs to $62,000 (your trail is now at $60,760). BTC reverses to $60,760 and your position auto-closes, locking in the $760 profit.

**Use when:** You want to ride a trend and lock in profits without babysitting the chart.

## Comparison

| Type          | Execution                         | Best For         |
| ------------- | --------------------------------- | ---------------- |
| Market        | Instant at current price          | Speed            |
| Limit         | Only at your price or better      | Better entries   |
| Stop-Limit    | Trigger + limit combo             | Controlled exits |
| Trailing Stop | Follows price, closes on reversal | Trend riding     |


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