Back to Cookbook

Bracket Order Builder

Auto-attach stop and targets to every entry

Traders repeatedly describe disasters caused by missing stops (outages, emotion, hesitation), and also describe bracket/OCO orders as a practical fix. This recipe auto-builds a bracket every time.

House RecipePersonal6 min setup

INGREDIENTS

🌐Browser🔔Notifications

PROMPT

Create "Bracket Order Builder". On any new entry, immediately generate an OCO bracket: stop-market at the defined invalidation (default 0.8 ATR) and two profit targets at +1R and +2R, scaling out 50% at TP1. Include an emergency stop even if I plan to manage actively.

Pain point

No-stop trades can become catastrophic during fast moves or platform issues.

Triggers

  • A new position is opened (or an entry is staged)

Conditions

  • Only for instruments where bracket orders are supported
  • Liquidity threshold must be met (see Spread & Liquidity Gate)

Actions

  • Create OCO bracket: Stop (hard), TP1, TP2
  • Optional: scale out at TP1, trail remainder
  • Add "emergency stop" even if trader plans to adjust

Parameters (defaults)

  • stopType: "stop-market"
  • stopDistanceATR: 0.8
  • tp1R: 1.0
  • tp2R: 2.0
  • scaleOutAtTP1Percent: 50

Examples

  • New entry: attach stop-market at invalidation and TP1 at +1R, TP2 at +2R.
  • If you add to position, recalc bracket based on new weighted average entry (optional).
Tags:#trading#stop-loss#bracket-orders#execution#risk-management