> For the complete documentation index, see [llms.txt](https://docs.volven.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.volven.io/strategies/advanced-limit-order.md).

# Advanced Limit Order

ALO

<\<Youtube link to What is ALO>>

## What is the Volven ALO?

The ALO is a trading strategy that automatically manages your take profit and stop loss. The trader provides the entry, TP, and SL (optional) price levels. When the entry order is filled, the trading strategy will monitor the market and automatically exit your position if the market hits the take profit price or stop loss price.

ALO is a great entry-level trading strategy for those looking to learn and understand more about algo trading. Especially in crypto, where the market never sleeps, it is essential to have trading strategies that monitor your positions to maintain an acceptable risk level.

### How to place a Volven ALO?

<\<Youtube link to launch tutorial>>

### Optional parameters

<table><thead><tr><th width="259">Parameter</th><th>Purpose</th></tr></thead><tbody><tr><td>Take Profit</td><td>Your take profit level to exit with the full amount.</td></tr><tr><td>Stop Loss Trigger</td><td>Your stop loss level to exit with the full amount.</td></tr></tbody></table>


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