Pleae have a look at this page [(https://clickalgo.com/risk-reward-tool-settings)] and check the order type chapter.
This tool can be used for market, stop and limit orders
Even the original product page mentions this:
Submit Market, Stop & Limit Orders
Traders have the option to place both market and pending orders once they have used the tool to plan their trade setup, the Risk & Reward tool will then manage the predefined risk of the trade so only the pre-planned loss or profit will ever happen.
