What order types are available for Crypto Futures on Pluang?
Pluang's Crypto Futures supports two order types for opening a position — Market Orders and Limit Orders — plus Take Profit (TP) and Stop Loss (SL) orders to protect or exit a position you already hold, and TP/SL executes as a Market Order by default unless you opt into Advanced TP/SL. A Market Order fills immediately at the best available price in the order book, prioritizing speed over price precision, while a Limit Order only fills at your specified price or better and stays valid for up to 90 days or until you cancel it. TP and SL sit on top of these — they aren't used to open a position, but to define how and when you exit one, and they can be attached the moment you open a position or added at any point afterward while the position remains open.
| Order Type | What it does | Validity |
|---|---|---|
| Market Order | Executes immediately at the best available price in the order book | Immediate |
| Limit Order | Executes only at your specified limit price or better, once a matching counterparty is available | Up to 90 days, or until canceled |
| Order Type | What it does | |
| Take Profit (TP) | Closes some or all of your position once price reaches your target profit level | |
| Stop Loss (SL) | Closes some or all of your position once price reaches your maximum acceptable loss level |
- Order types for opening a position:
- Exit / protection orders:
- TP and SL can be created together as an OCO (One-Cancels-the-Other) pair or separately as Independent orders, depending on how you want them to interact with each other.
- By default, TP/SL executes as a Market Order once triggered. With Advanced TP/SL, each leg can instead be set to execute as a GTC (Good-Till-Cancelled) Limit Order, trading fill certainty for tighter price control.
- Multiple TP/SL orders are supported on the same position, letting you scale out at several price levels instead of relying on a single fixed target.
- Every TP/SL order is Reduce-Only, meaning it can only shrink your existing position and can never flip it into the opposite direction.
Related questions:
Q: What's the difference between a Market Order and a Limit Order on Crypto Futures?
A Market Order fills immediately at the best available price, guaranteeing execution but not an exact price; a Limit Order only fills at your specified price or better, and may take time to fill or not fill at all if the market never reaches your level.
Q: How long is a Limit Order valid for on Crypto Futures?
Up to 90 days from placement — it's automatically canceled after 90 days if not executed or canceled sooner, so long-standing Limit Orders don't sit indefinitely without your attention.
Q: Does opening a position with a Market Order let me attach TP/SL at the same time?
Yes — you can attach TP/SL when placing either a Market or Limit Order, or add it afterward to an existing position at any point while it remains open.
Q: Are these the only order types Pluang Crypto Futures offers?
Yes — Market and Limit cover opening a position, while TP and SL (Simple or Advanced) cover exiting or protecting one; there's no separate stop-market or trailing-stop order type outside of these.