Order Types & Platform Safety
Learn how futures orders work and how to practice safely before using live money.
Order types, platform behavior, and execution risk are essential foundations. This guide teaches order mechanics with fictional prices only — it does not connect to any broker, place real orders, or access live accounts.
Order Types
Understanding how each order type works is essential before trading futures. Each card explains what the order does and its key behavioral characteristics.
Market Order
An order to buy or sell immediately at the best available price.
Limit Order
An order to buy or sell at a specified price or better.
Stop-Market Order
An order that becomes a market order once a specified stop price is reached.
Stop-Limit Order
An order that becomes a limit order once a specified stop price is reached.
Protective Stop
A stop order intended to limit losses on an existing position.
Profit Target
A limit order set to close a position at a favorable price.
Bracket Order
A strategy that attaches a protective stop and a profit target to an entry order simultaneously.
OCO Order
One-Cancels-the-Other: two linked orders where filling one cancels the other.
Trailing Stop
A stop order that adjusts automatically as price moves in a favorable direction.
Auto-Breakeven
A rule that moves a protective stop to the entry price after a defined move in the trader’s favor.
ATM Strategy
Auto-Trade-Management: a platform feature that automatically attaches stops and targets to entries.
Mock Order Simulator
This simulator uses fictional prices only. It explains what an order would attempt to do — it does not connect to any broker, does not place real orders, and does not access live accounts.
A market order would attempt to buy or sell one NQ contract immediately at the best available price. It prioritizes execution speed, not exact price. In this simulation, no order is sent anywhere.
This simulator is for educational purposes only. It does not connect to any broker, does not place real orders, and does not access live accounts. All prices are fictional.
Platform Safety Checklist
Run through this checklist before every session. Progress is saved in this browser.
Platform Risk Warnings
These are common platform and execution risks that every futures trader must understand before using live money.
The fill price may differ from the order price, especially with market and stop-market orders in fast or thin markets.
Orders may fill in parts rather than all at once, leaving a remaining working quantity.
A stop-limit order may not execute if the market gaps past the limit price, leaving a position unprotected.
Selecting the wrong contract (e.g., NQ instead of MNQ) can result in a much larger position than intended.
Sending an order from the wrong account can cause unintended exposure or violate risk limits.
Forgotten working orders can fill unexpectedly, creating unintended positions.
A typo in quantity can multiply risk far beyond the intended amount.
If the platform disconnects, working orders may or may not remain active depending on the broker and order type.
A lost connection can prevent order modification, cancellation, or flattening at a critical moment.
This material is provided for educational purposes only and does not constitute financial, investment, tax, or legal advice. Futures trading involves substantial risk and is not suitable for every trader. Trading tools, indicators, dashboards, calculators, and educational materials cannot predict future prices or guarantee profitable outcomes.
Risk Management
Learn position sizing, protective stops, daily loss boundaries, and risk capital rules.
Open LessonMargin & Costs
Understand notional exposure, margin, leverage, commissions, fees, slippage, and round-turn costs — and why small targets are cost-sensitive.
Open LessonMarket Structure
Understand market structure, VWAP, moving averages, volatility, and confluence.
Open LessonFor deeper study, consult these official educational resources. G7G Market Pulse is not affiliated with these organizations.