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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 Order

Please 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
IBBracket Order