How to Attach a Profit Target and Stop Loss Bracket to an Order
When placing an order to buy or sell a stock, either a stop, trailing stop or a profit target order can be attached. A bracket order of a stop (or trailing stop) and a profit target can also be attached. Here are steps to attaching the orders.
1. Click the Buy button at the bottom of the price pane to open the Buy order menu
This example uses a Buy Limit order. A Buy Market or Sell Limit/Market can also be used.
2. Select Buy {Sym}...
This places the On-Chart Order Ticket at the left of the chart with the fields pre-filled based on the user-defined default buy ticket. If no changes are desired, simply click Buy {Sym} and confirm to place the order.
3. Click and drag the Limit order price to adjust the limit price
Click here to get more details in placing a buy order with the on-chart order ticket.
4. Attach a stop or target to the order (optional)
Attach to the order a Stop/Trailing Stop order or a Profit target.
Select a Stop and Target to create a bracket order.
The OTA ticket is pre-filled with the user-defined values for a bracket order.
5. Click the Buy {Sym} button
6. Confirm to place order
7. Review orders
The bracket order is placed on the chart. The diamond-shaped icon (1) means all three orders are placed in an OTA (One triggers all) group. The green dot (2) means the two sell orders are placed in an OCA (One cancels all) group.
The trading tools work on either a LIVE brokerage account or a PAPER (simulated) trading account. Live market trading requires an account with TC2000 Brokerage. Click Here for more.