Futures Order Types
By Ethan Warmuskerken · 6 min read
Learn the futures order types funded traders use most often, including market, limit, stop, bracket, and OCO orders for entries and exits.
These are the core order types supported in Onyx and used by most prop firms.
Executes immediately at the best available price.
Executes only at your chosen price or better.
Triggers a market order when the stop price is hit.
Triggers a limit order when the stop price is touched. May not fill during volatility.
Automatic profit target using a limit order.
Automatic protective stop using a stop market order.
Links your take profit and stop loss so one cancels the other.
A stop-loss that follows price to lock in profit.
Active for the current session only.
Stays active until filled or manually canceled.
Market orders
A market order seeks immediate execution at the best available price. It can slip in fast or thin markets.
Limit orders
A limit order sets the worst acceptable price. It may not fill if the market does not trade there with enough liquidity.
Stop and bracket orders
Stop orders can be used for breakout entries or protective exits. Brackets pair take-profit and stop-loss logic around a position.
Key takeaways
- Market orders prioritize execution.
- Limit orders prioritize price.
- Stop orders are commonly used for entries and risk management.
Ready to compare account rules? Review PropEd Capital's current futures funding paths, drawdown rules, contract limits, and payout structure on the plans page.