How to Place a Bracketed Order (OCO)
Bracketed orders are typically used to create a target price and protective stop price for a position you currently hold. To create this type of order, follow the instructions below.
- Click on the position that you would like to create a bracketed order for and then click “Close/Adjust” to start an order to close the position.
- Ensure that “Close” is highlighted. Then click “Create Order”.
- Select “Bracket Stop (OCO)” for your order type.
- Change the “Limit Price” to your target price and change the “Stop Trigger” to your protective stop price. Make any other necessary changes and then click “Submit”.