Bracket Order
An entry order packaged with both of its exits: a take-profit above and a stop-loss below, placed as one unit. When either exit fills, the other is cancelled (one-cancels-other). Brackets define a trade's entire life at entry time, which is why systematic platforms favor them — no trade exists without its risk plan attached.
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Related terms
Take-Profit OrderA resting sell order at a level above the entry price that locks in a …Stop-Loss OrderA resting order that triggers a sale when price falls to a set level, …OCO (One-Cancels-Other)A pair of linked orders where the execution of one automatically cance…
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.