# Conditional Orders

A Conditional Order is an instruction to buy or sell an asset once certain market conditions are met, such as reaching a specific trigger price. When the trigger condition is activated, the order is placed automatically as a market or limit order.

### **When to Use？**

* When you want to **automate entries or exits** based on price movement.
* To **protect against losses** (e.g., stop-loss) or **lock in profits** (e.g., take-profit).
* When you cannot monitor the market continuously but want orders to be placed automatically at key levels.

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### **Key Points**

* Provides flexibility by combining trigger conditions with order execution.
* Can be set as a **stop-market** or **stop-limit** order after the condition is met.
* Execution is not guaranteed if the market does not reach the trigger price, or if there is insufficient liquidity at the chosen limit price.
* Commonly used for **risk management** and **strategic trading automation**.