---
title: "Order types"
description: "Market, limit, post-only, stop and take-profit triggers, TWAP, Scale and Chase."
---

> Documentation Index
> Fetch the complete documentation index at: https://docs.floatout.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Order types

## Market and limit

**Market** fills immediately at the best available price on the book. **Limit** rests at the
price you set until it fills or you cancel it.

Every limit order carries a time-in-force:

- **GTC** (good till cancelled) — rests until filled or cancelled.
- **IOC** (immediate or cancel) — fills what it can right now, cancels the rest.
- **ALO** (add liquidity only, "post-only") — rejected instead of matching immediately. Use it
  when you only want to be the maker on a fill.

## Stop and take-profit triggers

Stop and take-profit orders sit off the book until price crosses a trigger, then fire as a
market or limit order. Set them from the order ticket before you open a position, or attach one
to an existing position from Positions.

## TWAP

Splits one order into smaller pieces over time, spaced by size and duration rather than a fixed
interval, and evens out your fill price against a single large order. Minimum $100 total order
size.

## Scale

Places a ladder of limit orders across a price range in one action, instead of placing each
level by hand.

## Chase

An ALO (post-only) order this browser tab keeps re-pricing to stay at the touch, one tick above
the best bid on a buy or one tick below the best ask on a sell. It keeps chasing through partial
fills, up to 5 chases at once.

Chase only runs in the tab that started it. Closing the tab leaves the resting order in place
but stops the re-pricing. Track it from the **Chase** tab in your account panel, not Open Orders.
You can cap how far it is allowed to move from the price it started at.

## The order book and chart

The order book shows resting bids and asks with a depth bar per level; the spread and mid price
sit between them. The chart is a full TradingView chart: draw on it, drop order lines to place or
edit a resting order by dragging, and see your fills marked on the price history.

Source: https://docs.floatout.trade/trading/order-types/index.mdx