Position Risk / Profit Brackets
Stop-loss and take-profit bracket orders automatically close a trade at predetermined loss and profit levels, respectively, to manage risk and lock in gains.
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Stop-loss and take-profit bracket orders automatically close a trade at predetermined loss and profit levels, respectively, to manage risk and lock in gains.
Last updated
Apply ‘bracket order’ 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. When enabled, the bracket set-up will apply to all accounts by default.
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).
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.
