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Bracket Order and Trailing Stoploss Bracket Order Explained

Published on Thursday, February 11, 2016 by Team | Modified on Saturday, May 25, 2019

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Most discount brokers in India now offers Bracket Order to retail traders in Equity Segment (Cash and F&O).

Bracket Order

A type of order which helps you limit your losses and increase chances of being profitable. It's an order with an opposite-side orders placed together (i.e. a buy order is bracketed by a high side sell limit order and a low side sell stop order).

Trailing Stoploss Bracket Order

Bracket orders have a fixed stoploss trailing order. To advance this further, Trailing Stoploss Bracket Order offers an ability to trail your stoploss (dynamically). It means the stoploss keep moving based on the stock or contract moves in your direction. These are complex orders and are considered as Algo trading by the exchange.

BO Key Features

  • Bracket Orders are valid only for intraday trading. All Bracket order positions are squared off by 3.20pm.
  • Bracket Order available only for Equity and Currency. They are not available for Commodity Trading at MCX.
  • Bracket Order can't be placed on Call & Trade, mobile or website. They are available only on trading terminal.

Which brokers offers Bracket Order?

Most of the online stock brokers including leading discount broker Zerodha and RKSV offers the Bracket Order.

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