Bracket: Difference between revisions
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[[File:BracketOnChart.png|thumb|right|Bracket Exit Strategy orders on the chart]] | [[File:BracketOnChart.png|thumb|right|Bracket Exit Strategy orders on the chart]] | ||
[[File:BracketInDOM.png|thumb|right|Bracket Exit Strategy orders in the DOM window]] | [[File:BracketInDOM.png|thumb|right|Bracket Exit Strategy orders in the DOM window]] | ||
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Bracket in MultiCharts is a One-Cancel-Other (OCO) order group, with one limit order and one stop order. This exit strategy is a one-click combo of the stop loss and profit target. If one of these orders is filled, the other one will be cancelled by MultiCharts. Targets placed separately from stop losses, provide more flexibility, but they also come with the responsibility of cancelling orders no longer needed. | Bracket in MultiCharts is a One-Cancel-Other (OCO) order group, with one limit order and one stop order. This exit strategy is a one-click combo of the stop loss and profit target. If one of these orders is filled, the other one will be cancelled by MultiCharts. Targets placed separately from stop losses, provide more flexibility, but they also come with the responsibility of cancelling orders no longer needed. | ||
==Appearance== | |||
Bracket Strategy is displayed as green and maroon markers on the chart connected to the order price label on the price scale with a dotted line and as green and maroon markers in the DOM window. | Bracket Strategy is displayed as green and maroon markers on the chart connected to the order price label on the price scale with a dotted line and as green and maroon markers in the DOM window. | ||
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<div style="background-color: #E3FBE5;">Note: When Bracket Strategy is auto attached to an order and '''has not been triggered yet''', inactive orders are indicated as semi-transparent. </div> | <div style="background-color: #E3FBE5;">Note: When Bracket Strategy is auto attached to an order and '''has not been triggered yet''', inactive orders are indicated as semi-transparent. </div> | ||
==Applying Bracket Exit Strategy== | |||
Apply Bracket Exit Strategy to an active order or open position by one of the following methods: | Apply Bracket Exit Strategy to an active order or open position by one of the following methods: | ||
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* Right-click on the Bracket icon http://www.multicharts.com/img/wiki/strategies/32.png in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''. | * Right-click on the Bracket icon http://www.multicharts.com/img/wiki/strategies/32.png in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''. | ||
==Bracket Parameters == | |||
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To save custom parameters, click '''Save'''. | To save custom parameters, click '''Save'''. | ||
==Auto Attach== | |||
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To re-enable auto attach feature click '''Auto Apply'''. | To re-enable auto attach feature click '''Auto Apply'''. | ||
==Saving as Template== | |||
# Open '''Strategy Parameters''' window by one of the following methods: | # Open '''Strategy Parameters''' window by one of the following methods: |