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

# Order Types: Market, Limit and Trigger Orders on Everstrike

> Place market, limit and trigger (stop) orders on Everstrike. Choose how to size an order, and which price fires a trigger.

Everstrike's order form has two order types, **Market** and **Limit**, and either can be turned into a **trigger order** that waits for a price before it's placed. This page explains each one and how to size an order.

## Market orders

A market order fills immediately against the best prices resting in the order book. You choose the side and the quantity; the price is whatever the book offers.

Use a market order when getting filled now matters more than the exact price. Larger orders on thinner books fill across several price levels, so the average price can be worse than the best price you saw (slippage). The order form shows the **expected execution price** before you submit.

## Limit orders

A limit order sets the worst price you accept. A buy fills at your price or lower; a sell at your price or higher. If it can't fill immediately, it rests in the order book until it fills or you cancel it.

Use a limit order when the price matters more than the timing.

## Trigger orders

Add a **Trigger Price** to an order and it waits until the market reaches that price before it's placed. This is how stop orders work: a sell triggered below the current price limits a loss on a long, and a buy triggered above it can enter a breakout.

![Buy triggers above the price, sell triggers below it](https://mintcdn.com/everstrike-50e7a7f9/2qtJozkzDkOYul4J/images/help/trigger-directions.png?fit=max\&auto=format\&n=2qtJozkzDkOYul4J\&q=85\&s=df78f275501e3fd131989e9f2b26288c)

Trigger orders above and below the price.

**Trigger on** sets which price has to reach the trigger:

| Trigger on | What it watches |
| - | - |
| Mark Price | Everstrike's [Mark Price](https://docs.everstrike.io/trading/mark-price.md), the same price used for P/L and liquidations |
| Index Price | The [Index Price](https://docs.everstrike.io/trading/index-price.md), the average across spot exchanges |
| Last Price | The last traded price on Everstrike's order book |

> [!TIP]
>
> Mark Price triggers are the hardest to set off with a single large trade, because the Mark Price is smoothed and anchored to the Index Price.

Trigger orders you've placed appear on the [Triggers](https://docs.everstrike.io/trading/triggers.md) page until they fire or are cancelled.

## Sizing an order

You can enter the quantity three ways:

* **In the asset**, for example 0.01 BTC.
* **In USD**, as a dollar amount. On Everstrike, USD means evUSD.
* **As a share of available**, from your available balance.

The form shows the balance an order requires next to what you have available, and warns you if the balance is insufficient or the quantity is below the market's minimum.

## After you submit

The order status window follows the order until it's accepted, filled or rejected. See [Order Status](https://docs.everstrike.io/trading/order-status.md). For extra options such as Post only, Reduce only, Hidden, Iceberg and OCO, see [Advanced Order Options](https://docs.everstrike.io/trading/advanced-order-options.md).

> [!WARNING]
>
> Trading is disabled during the first ten seconds of each hour while [funding](https://docs.everstrike.io/trading/funding.md) is exchanged. Avoid submitting orders exactly on the hour.


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