Exit Strategy
Instructions
Use the Exit Strategy feature to set up a bracket order on a current position or working order. Bracket orders are designed to help limit loss and protect profit by "bracketing" an order with two opposite-side orders that ready to go and are submitted when the price of the instrument penetrates either order's trigger price. To use this tool, please take the steps outlined below.
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For Mosaic - Navigate to the Monitor Panel
For Classic
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Right-click on a position and select Trade > Create Target/Stop Exit Bracket
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The Exit Strategy tool will appear on your screen.
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Enter the desired order parameters.
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A Buy order is bracketed by a high-side sell limit Profit Taker order and a low-side sell Stop order.
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A Sell order is bracketed by a high-side buy Stop order and a low side buy limit Profit Taker order.
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Click Preview Orders to preview the bracket order and transmit.