Take Profit and Stop Loss Brackets

Take Profit and Stop Loss brackets let you set an automatic exit on an open position, so it closes on its own the moment it reaches a profit or loss level you pick. You arm them from the close dialog on the Trade terminal, and they keep working while you are away from the screen.

What a bracket does

A bracket watches your position's live unrealized profit and loss and closes the position for you when your level is hit.

• A Take Profit bracket exits once the position reaches the gain you set, locking in the win.
• A Stop Loss bracket exits once the position reaches the loss you set, capping the downside.

You can set one or both on the same position. Whichever level is reached first triggers the exit.

Setting a bracket

1. Open a position on the Trade terminal.
2. Open the close dialog for that position.
3. Choose Take Profit, Stop Loss, or both.
4. Pick how you want to define the level, then enter your numbers. A live preview shows where the exit will land before you confirm.
5. Confirm to arm the bracket. It stays active until it triggers or you close the position yourself.

Percent, dollar, and price modes

You can define each bracket three ways, whichever fits how you think about the trade:

• Percent: exit at a percentage gain or loss on the position.
• Dollar: exit at a set profit or loss amount.
• Price: exit when the symbol reaches a specific price level.

The live preview updates as you type, so the target is clear before you commit.

Good to know

• Brackets help you respect your account's risk rules, and those rules, including the daily loss limit and position limits, vary by plan. You can review them on the Pricing page or in your account details.
• An exit that a bracket triggers appears like any other close in your trading history.
• Brackets are a risk tool, not a guarantee. In fast markets your exit may fill at a different price than the trigger. See the Risk Disclosure for more.

Set a bracket whenever you want your plan to run itself, and email [email protected] if a specific position is not behaving the way you expect.