# Order types

Atomic currently supports the following order types:

**Market order** \
Opens or closes a position immediately at the current market price. This is the default order type when you click **Buy** or **Close**.

**Take Profit (TP)** \
Automatically closes your position when the price reaches your target profit level. To set, click **Edit** on an open position and enter your take profit price.

**Stop Loss (SL)** \
Automatically closes your position when the price reaches your maximum acceptable loss level. To set, click **Edit** on an open position and enter your stop loss price.

TP and SL orders can be set or modified at any time while a position is open. No additional fees apply for setting, editing, or cancelling these orders.