# Combined Order Types

Note: The ability to create new advanced orders, including all combined order types is temporarily suspended. This applies to all currency pairs. click here to read our blog post on this.

There are three types of combined orders for setting both a stop to limit loss, and a price target for taking profit. We recommend that you use these orders to set a stop and a profit target, especially for leveraged positions.

Stop Loss, Take Profit: Either triggers a market order when the last traded price hits the stop price or triggers a market order when the last traded price hits the profit price.

This order combines a stop loss order and a take profit order such that one is cancelled if the market order triggered by the other is filled.

Stop Loss, Take Profit Limit: Either triggers a market order when the last traded price hits the stop price or triggers a limit order when the last traded price hits the profit price (where the limit order price is the same as the profit price).

This order combines a stop loss order and a take profit limit order such that one is cancelled if the market/limit order triggered by the other is filled. But the take profit limit order is simplified by making the limit order price the same as the profit price.

Stop, Limit Orders: Either triggers a market order when the last traded price hits the stop price or fills a limit order at the limit price.

This order combines a stop loss order and a limit order. The limit order appears in the order book when the stop, limit order is placed (rather than being triggered later as in the stop loss, take profit limit order). If the limit order is filled, the stop loss order is cancelled, and if the market order triggered by the stop loss order is filled, the limit order is cancelled.

Examples: Suppose you buy XBT at \$105. Now you want to set a \$6 stop and a profit target of \$12 or better. This can be done by creating a stop loss, take profit limit sell order with a stop price of \$99 and a profit price of \$117. This order will trigger a market sell order if the last traded price hits \$99, or trigger a limit sell order at \$117 if the last traded price hits \$117.

The same result could be achieved by setting a stop, limit sell order with a stop price of \$99 and a limit price of \$117. The only difference is that the stop, limit order will place a limit sell order at \$117 on the order book when the stop, limit order is placed.

While setting a stop and a profit target on an open position is the primary intended use of these orders, they can be used in other ways. For example, suppose you want to buy XBT around \$95. Ideally you want to get filled at \$95 or better with a limit order, but you are worried that price might rise and keep going up before the order is filled. In this scenario, you could create a stop, limit buy order with a limit price of \$95 and stop of \$96. This order will fill as much of your order as possible at \$95 or lower, but will complete the fill with a market buy if the last traded price rises to \$96 or higher.

Note: The ability to create new advanced orders, including all combined order types is temporarily suspended. This applies to all currency pairs. click here to read our blog post on this.