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[[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]]
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 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 inthe in the DOM window.
For the '''chart window''', Connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
<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>
Apply Bracket Exit Strategy to an active order or open position by one of the following methods:
* Drag-and-drop the Bracket icon http[[File://www.multicharts.com/img/wiki/strategies/32Bracket.png ]] to an active order or open position '''on the chart'''; or:* Drag-and-drop the Bracket icon http[[File://www.multicharts.com/img/wiki/strategies/32Bracket.png ]] to an active order or open position on the '''[[Depth of market (DOM)|DOM window]]'''; or:
* Right-click on the active order or open position on the chart to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Bracket'''.
* Right-click on the active order or open position on the '''[[Depth of market (DOM)|DOM window]]''' to see the shortcut menu, select '''Attach Exit''' Strategy and click '''Bracket'''.
* Right-click on the Bracket icon http[[File://www.multicharts.com/img/wiki/strategies/32Bracket.png ]] in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''.
To modify default Bracket Parameters:
# Right-click the Bracket icon http[[File://www.multicharts.com/img/wiki/strategies/32Bracket.png ]] in the '''Exit Strategy''' menu to see the shortcut menu.
# Click '''Edit…'''
# Modify ''profit target'' and ''stop loss'' values in '''Profit Target''' and '''Stop Loss''' boxes.
To save custom parameters, click '''Save'''.
Auto Attach Bracket Exit Strategy to orders by one of the following methods:
* Right-click the Bracket icon http[[File://www.multicharts.com/img/wiki/strategies/32Bracket.png ]] in the Exit Strategy menu to see the shortcut menu, then check Auto Attach to Orders; or:
* Double-click the Bracket icon in the Exit Strategy menu; or:
* Enable Auto Attach to Orders feature in the Place Strategy window when applying the strategy.
To re-enable auto attach feature click '''Auto Apply'''.
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Bracket icon http[[File://www.multicharts.com/img/wiki/strategies/32Bracket.png ]] in the '''Exit Strategy''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default Bracket parameters.