9:05 PM
killnine
Bracketed Order allows traders/investors to manage the trade/position by �bracketing" an order for opening a position (i.e. the �main order�) with two opposite �side orders� for closing the position in order to limit losses and lock in profits, without having to constantly follow the position.The order quantity for the �side orders� matches the original order quantity of the �main order�.When the Bracketed Order is placed, the trader/investor must determine the corresponding prices for all the 3 component of the Bracketed Order (One �main order� for opening position and two opposite �side orders� that bracketed the �main order� for closing the position).When one of the side orders is being executed, the other side of the order will automatically be cancelled.Depending on the �main order� for...
