> For the complete documentation index, see [llms.txt](https://docs.insilicoterminal.com/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.insilicoterminal.com/documentation/execution-panel/reduce-switch.md).

# "Reduce" Switch

Present on many of the order types. When activated the order is placed as a "reduce only" order, i.e. it can only reduce or close an existing position, it cannot open a new position or add to an existing one.