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

# Order types

> Market, limit, take profit, stop loss, scale, and TWAP orders on Agonaut.

Agonaut supports the full set of Hyperliquid order types from one ticket.

## Market

Fills immediately at the best available price. Use it when you want in or out
right now and are willing to pay the spread.

## Limit

Rests at a price you set and fills only at that price or better. Use it to enter
or exit with precision, or to act as a maker.

## Take profit and stop loss

Attach exits to a position that trigger automatically:

* **Take profit (TP)** closes the position once price reaches a target in your
  favor.
* **Stop loss (SL)** closes the position once price moves against you past a
  limit.

You can set them when you open a position, or add them to an open position
later. Each can be a partial size, so you can scale out in steps.

<Tip>
  On a position you can express TP and SL by price, by ROE percent, or by a
  target PnL in dollars. The three stay in sync as you type.
</Tip>

<Warning>
  Agonaut blocks a TP or SL that sits on the wrong side of your entry. For a
  long opened at 70,000, a take profit must be above the entry and a stop loss
  below it. This prevents an accidental inversion.
</Warning>

## Scale (ladder)

Splits a larger order into several limit orders spread across a price range, so
you build a position at an average price instead of a single point.

## TWAP

Spreads an order out over time in slices, to reduce market impact on a larger
position. Active TWAPs are tracked so you can monitor and cancel them.

## Leverage and margin

You set leverage per market, and choose Cross or Isolated margin. The order form
previews your estimated liquidation price and margin before you sign, so there
are no surprises.