Position Brackets

Stop-Loss (i.e., Risk) and Take-Profit (i.e., Profit) bracket orders automatically close a trade at predetermined loss and profit levels, respectively, to manage risk and lock in gains.

How to Position Brackets

Apply Position Bracket settings to close out the position if the Risk or Profit trigger is hit. To apply the Risk and Profit brackets, enter your Risk and/or Profit dollar-based values. Check the “Automatically apply Risk / Profit bracket to new Positions” box to activate the feature.

NOTE: Position Brackets are now enabled on a per-account basis. When setting and saving your Position Bracket settings, they will only apply to the account selected.

Stop Loss and Take Profit brackets can also be applied to open positions when the default brackets are not enabled. To do this, simply click the position indicator on the chart and drag it up or down to create a TP (Take Profit bracket) or SL (Stop Loss bracket).

Bracket Order Types

Risk Bracket Orders are entered as Stop Market Orders; they will execute once the set stop price is reached, ensuring the trade goes through but not at a guaranteed price.

Take Profit Orders are entered as Limit Orders; if the market price hits your limit price, the order is executed, guaranteeing the price but not the execution.