Bracket Stop Loss & Profit Target Orders

When you set a Stop Loss and Profit Target prices in a Bracket, the system determines the order type from the predefined settings. For Stop you can set either to be a Stop order, a Stop Limit Order, or a Smart Stop order. For Profit you can set either to be a Limit  order, a MIT Order, or a Smart Limit order.

To set the Bracket Stop Loss & Profit Target order type:

1. In the Trading Settings dialog box, click the Brackets tab.
2. In the Bracket Stop Loss exit order and/or Profit Target exit Order group boxes, click the desired radio button. (If you are using Smart Orders, then the Stop Loss order type is automatically set to Smart Stop and Profit Target to Smart Limit).
3. Click Apply to apply and save, or click Ok to save and exit.

 

 

Figure 4.14: The Bracket Settings Dialog Box

 

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