Bracket

Description: A bracket is essentially two OCO (One Cancels the Other) orders. A pair of orders - Profit Target and Stop Loss - is placed as defined, and once one of the pair is filled, the other is canceled automatically. In the case of a partial fill of one of the orders, the number of contracts for the reciprocal order is reduced accordingly.

Parameters: Profit Target and Stop Loss are defined in points.

Figure 4.3: Two possible scenarios of bracket execution

 

 

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