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

# Order types: Market, Limit and Trigger

Hash Hedge supports three ways to enter or exit a trade.

Pick the one that fits your strategy.

***

{% tabs %}
{% tab title="Market order" %}
Executes **immediately** at the best available market price.

* Always a **taker** order, because it removes liquidity from the market.
* Cannot be canceled once placed, and may fill at several price levels.
* There's no guarantee of the exact price you saw: in volatile conditions the fill can differ.

Use it when getting filled quickly matters more than the exact price.
{% endtab %}

{% tab title="Limit order" %}
Executes at the price you set **or better**.

* For a buy, the limit price is the most you'll pay; for a sell, you get your price or higher.
* Gives you price control, but there's no guarantee it fills if the market never reaches your price.

Use it when the entry price matters more than speed.

{% hint style="info" %}
Contracts reserved by a pending limit order can't be used by a Stop Loss or Take Profit until that order fills or is cancelled. See [Take profit and stop loss](/hashhedge-user-guide/trading-terminal/take-profit-stop-loss.md).
{% endhint %}

<figure><img src="/files/6Ltd87GuzG4uAtvgOpdH" alt=""><figcaption><p>The Limit tab on the order panel</p></figcaption></figure>
{% endtab %}

{% tab title="Trigger (Stop-Limit) order" %}
Activates only after the market reaches a **trigger price** you set. Once triggered, it becomes a market or limit order and executes according to current conditions.

* A stop-limit needs both a **trigger price** and a **limit price**.
* It fills only if the limit price (or better) is available when triggered.

Use it to enter or exit automatically when the market hits a level.

<figure><img src="/files/WwoWbznBrlVmhKn1zSQl" alt=""><figcaption><p>The Trigger tab on the order panel</p></figcaption></figure>

***

{% endtab %}
{% endtabs %}

## How to switch order type

On the right side of the **Trade** screen, use the **Limit**, **Market** and **Trigger** tabs to choose your order type before placing the trade.


---

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