Bracket Order (Interactive Brokers) |
The Interactive Brokers Bracket Order template submits a stop and target order along with the parent order. Please click here to know more about IB Bracket Orders
How to define a IB Bracket OrderPlease follow the below steps to define a new Cover Order.
- Click on the Add button of the Order Template
- In the Order Template View select 'Bracket Order (Inteactive Brokers)' from the drop down items
- Append a suitable name in the Name textBox
- Select the Calculation Mode
- Set the Target and Stop price. Note the stop and target price will be calculated as per the selected Calculation Mode.
- Click on the Ok button
Things to consider:
- If the stop or target price is set to 0 (zero) then the same will be ignored. For example if the target is set to 0 (zero) then the target order will be not submitted.
- Market orders cannot be configured with Calculation Mode Percentage or Ticks.
- Calculation Mode 'Points' means the absolute price. For example if you want to place the target at ₹100 then append the target value as ₹100
