# Placing a bracket order

Bracket orders enable traders to easily open a position that is managed with risk in mind.

This type of order is composed of three elements: 1) a market order to buy or sell an asset that executes immediately, 2) a take profit market order, and 3) a stop loss market order. If it's a long position, the take profit order will be set above the current market price, while the stop loss order will be placed below the current market price. On the other hand, if it's a short position, the take profit order will be set below the current market price, while the stop loss order will be placed above the current market price. 

## Placing a bracket order

To place a bracket order:

1. Click **Market** in the trade box.
2. Click **Buy** or **Sell**.
3. Type an Amount to trade or drage the Leverage slide to your desired poistion leverage.
4. Click **Triggers** and enter the desired Take Profit Price and Stop Loss Price.
5. Review your order summary to confirm your selections.
6. Click **Place Order** to execute your order.

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### Advanced Stop Order Options <a href="#h_e85689b9f2" id="h_e85689b9f2"></a>

You can edit your Good Til Time under the Advanced section in the trade box.

Max slippage is 10% for BTC/ETH and 20% for all other markets.

{% hint style="info" %}
*Note: Stop orders trigger based off the index price or the last trade price, whichever comes first.*
{% endhint %}