A market-if-touched order is a type of trading order that is designed to close out a long position in a futures contract. It instructs the broker to execute the order at the best available price once a trade occurs at the specified price or a better price. This type of order is useful for investors who want to ensure that their position is closed out at a favorable price, but do not want to actively monitor the market themselves. It is important to note that a market-if-touched order is different from a stop order, which executes at the best available price once a bid/offer occurs at the specified or worse price. Additionally, a discretionary order allows a broker to delay execution of the order to get a better price, while a fill-or-kill order requires the order to be executed immediately or not at all. Understanding the different types of trading orders and their implications is important for evaluating the impact they can have on trading strategies and outcomes in financial markets.