> For the complete documentation index, see [llms.txt](https://support.backpack.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/how-to-set-a-conditional-order.md).

# How to Set a Conditional Order?

1. **Deposit funds into your exchange account (crypto or fiat).**
   * [Crypto Deposits](/exchange/deposit-and-withdraw/crypto/deposit.md#how-to-deposit)
   * [Fiat Deposits](/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire.md)
2. **On the Order Placement page, select the appropriate market (Spot or Futures — here we take Futures as an example).**
   * Select your desired trading pair (e.g., BTC-PERP)
   * Choose the trading direction (Buy/Sell)
3. **Select Conditional Order as the order type.**
4. **From the dropdown menu, choose the benchmark for the trigger price.**
5. **If you want the order to be executed as soon as the trigger price is reached**

   * Enter the required parameters directly（Trigger Price and Quantity ）

   <figure><img src="/files/Irk7liIJCGfoKnvsFvZx" alt=""><figcaption></figcaption></figure>
6. **If you want the order to be executed at a specified price after the trigger price is reached**

   * Check **“Limit Order”** to set the specified execution price.
   * Enter the required parameters（Trigger Price, Limit Price and Quantity ）

   <div align="left"><figure><img src="/files/vrVEzFAhyntL4J4vM2CC" alt=""><figcaption></figcaption></figure></div>
7. **Optional settings**
   * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity.
   * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits.
   * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position.
   * **TP/SL (Take Profit/Stop Loss)**: Sets predefined price levels at which your position will be automatically closed to lock in profits (TP) or limit losses (SL).
   * ... (and other Optional settings)
8. **Submit the order.**


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