# New position with limit order, exit at the close - OTO

**URL:** <https://forum.alpaca.markets/t/new-position-with-limit-order-exit-at-the-close-oto/12114>\
**Category:** Alpaca Trading\
**Created:** [April 5, 2023, 9:17am UTC](https://forum.alpaca.markets/t/new-position-with-limit-order-exit-at-the-close-oto/12114 "2023-04-05T09:17:18Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Carlos\_Santana](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.alpaca.markets/carlos_santana/32/5269_2.png) [@Carlos\_Santana](https://forum.alpaca.markets/u/Carlos_Santana)\
**Post date:** [April 5, 2023, 9:17am UTC](https://forum.alpaca.markets/t/new-position-with-limit-order-exit-at-the-close-oto/12114/1 "2023-04-05T09:17:18Z")

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Hi!

I would like to open a new position with a limit order, e.g. 5% below last close and exit it at the same day at the close. Is this possible with an OTO order? The exit order should only be triggered, when the position was opened.

Cheers,  
Carlos