Bracket Order

Bracket Order
• Bracket Orders allow you to place an order that will trigger if
either a specified profit target level is hit OR if a specified stop
loss level is hit.
• The Bracket Order enables two exit points (or two entry points)
to be entered at the same time.

Bracket your orders with a profit leg and a stop loss leg

As soon as the main order is executed the system

will place two more orders (profit taking and stoploss)

When one of the two orders (profit taking or stop

loss) gets executed the other order will get cancelled automatically.

Please note bracket orders are not available for spreads.

 Explanation of a Bracket Order
• A bracket order can be thought of as two orders that
are bundled together. Typically, the bracket order is
used to implement an Exit Plan where one order is
designed to take profits and the other is designed to
cut losses.
Consider the Example below.
• Say we have purchased a position in a stock at a cost
basis of 100.
• Should the stock price decline to 80, we would want
to exit the position to cut losses.
• Should the stock get to 120, we would like to take
profits.
 Trailing Stoploss

• When you place a bracket order, you get an

option to either place a fixed stoploss order, or
also an ability to trail your stoploss. What this
would mean is that if the contract/stock
moves in your direction by a particular
number of ticks, the stoploss will go up/down
based on if you are long or short
automatically.

• A tick is the minimum a particular

stock/contract can move. So 1 tick on Nifty is
How to access Bracket Order : SpeedPro

GoTo Buy Order

Select PLace Bracket Login in SpeedPRo

Order

Bracket Order
window opens
How to access Bracket Order : CTCL

GoTo Orders

Select Place Buy

Bracket Order
Login in CTCL

Bracket Order
window opens
 How to place Bracket Order

Select Buy/Sell Select Enter Symbol

Segement

Enter QTY

Enter Price

Enter Profit
Price
Enter SL EnableTrailing
between
Price Stop Loss to
Enter Trigger After filling PPR range
between LPR enter price
Price Ranges defined all details defined
range press
between
defined Submit to
TPR range
defined execute
order
 View Bracket Order Book

• Select Order Book from menu or press F3

 To Modify Bracket Order

Open Order
Book

Right Click on
order and
select Modify

Bracket order window will open for

modification
 Bracket Order Cancellation

Right Click on
order and Exit
Pending
Orders will be
cancelled

Note : After Exit from Bracket Order, all pending orders will be cancelled and new sell
order will be genarated at Market Price.
 Important things to know

• This is an Intraday product, so all Bracket order (BO)

positions will be squared off by 3.20pm.
• Bracket Order is enabled only on Angel SpeedPro and
CTCL Terminals.
• Enabled across Equity, Futures & Options ,Currency
and Commodities.
• In case Buy Bracket Order is pending then system will
not allow placing Sell Bracket Order.
• To square off any open Bracket order, user need to
choose Exit Option provided in Order Book.