Bracket Order Calculator

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What Is Bracket Order

A Bracket Order in simple terms is a 3-in-1 order i.e. Target Order + Initial Order + Stop Loss Order in 1 ORDER. Bracket Order has 3 types of order embedded into 1 single order entry window. It is one of the most advanced type of order which involves auto cancellation and trailing stop losses.

The 3 types of orders embedded are:

  • Initial Order – This is a limit order which is used to create the initial position
  • Take Profit or target order – This is the order which is the target at which a trader would like to square off his position and take the profits
  • Stop Loss Order – This is the order which is used to square off the position if the trade becomes unfavorable and limit the losses

Placing a Bracket Order [ANT]

Method and Commands BUY Bracket Order SELL Bracket Order
Market Watch Right Click a script in the Market Watch -> Select Bracket Order -> Buy Bracket Order Right Click a script in the Market Watch -> Select Bracket Order -> Sell Bracket Order
Orders and Trades Menu in Tool bar Select Orders and Trades in the Tool bar -> Bracket Order -> Buy Bracket Order Select Orders and Trades in the Tool bar -> Bracket Order -> Sell Bracket Order
ShortCut Key Shift + F3 Shift + F4

Modification of Bracket Orders

If the Position Initiation Order is not fully traded, you can modify the limit price of the source order. If the Position Initiation Order is fully traded, you can modify the Trigger price of the Stop Loss Order and the limit price of Target square-off order. This can be done from the Modify Order option in the Order Book (Short cut key – F3)

Exiting Bracket Orders

In case the Position Initiation Order is not traded, Exiting the Bracket Order will cancel this very source order. In case the Position Initiation Order is traded, Exiting the Bracket Order will result in modification of the Square Off Target order to a market order and the pending stop loss order shall get cancelled. Margin Requirements for Placing Bracket Orders
The Margin Requirements for Bracket Orders will be the same as for cover orders. You can calculate the margins required to place orders in our margin calculator.
More often than not, the margin levied in Bracket orders shall be [(Trade Price – Stop Loss Price) * Quantity]. This shall be subject to a minimum margin percentage that shall be pre-defined based on the volatility of the stock.