An order type tells the platform how and when to enter or exit your trade. Trading Blitz supports the most common order types used in real markets, so you can practice realistic trade management as well as chart reading.
Market Order
A market order executes immediately at the current daily bar's closing price. It is the simplest order type and the most commonly used when you want to enter or exit a position right now.
Limit Order
A limit order lets you specify the exact price at which you want to enter or exit a trade. The order will only execute if the chart price reaches that level.
- Buy limit — enters a long position at or below your specified price
- Sell limit — exits a long position (or enters a short) at or above your specified price
When to use it: When you want to wait for a pullback to a specific level before entering, rather than chasing price.
Stop Order
A stop order triggers a market order once price reaches a specified level — commonly used for stop losses to limit downside risk.
- Stop loss — automatically closes your position if price moves against you by a set amount
- Stop entry — enters a trade once price breaks through a specified level (useful for breakout entries)
When to use it: To protect a trade from running too far against you, or to enter only when a breakout is confirmed.
Using Order Types Together
The Trading Blitz simulator currently only allows you to have one open order at a time (limit or stop). You cannot have Order Cancel Order types in which you might set a target price and stop loss price, and if one of the is reached it would cancel the other open order.