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Bracket Orders

Bracket orders are designed to help limit your loss and lock in a profit by “bracketing” an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. A SELL order is bracketed by a high-side buy stop order and a low side buy limit order. The order quantity for the high and low side bracket orders matches the original order quantity.

Placing a Bracket Order

There are two ways to place a bracket order:

First, from the Buy Order Ticket:

Using Mubashertrade Pro:

  1. Check your Buying power
  2. Pick the share you want to add bracket for
  3. Write the quantity of shares and price
  4. Add Take Profit & Stop Loss prices as preferred. (Please note at first it will be set to a default Take Profit of 5% up last price & Stop Loss of 2% down last price, you will be notified when placing the first order)
  5. Press Buy button

Using Mubashertrade Plus:

  1. Check your Buying power
  2. Pick the share you want to add bracket for
  3. Write the quantity of shares and price
  4. Go to advanced tab and tick Brackets checkbox
  5. Add Take Profit & Stop Loss prices as preferred. (Please note at first it will be set to a default Take Profit of 5% up last price & Stop Loss of 2% down last price, you will be notified when placing the first order)
  6. Press Buy button

Secondly, Adding Brackets from Portfolio:

Using Mubashertrade Pro:

  1. Go to your Portfolio
  2. Pick the share you want to add bracket for and Right-click on the share
  3. A window will open with brackets Details: No. Of Shares, Take Profit & Stop Loss and Expiry date (please note that expiry date is set by default to the end of current week)
  4. Press Add bracket button

Using Mubashertrade Plus:

  1. Go to your Portfolio
  2. Pick the share you want to add bracket for and click on the “Add Bracket” Icon
  3. A window will open with brackets Details: No. Of Shares, Take Profit & Stop Loss and Expiry date (please note that expiry date is set by default to the end of current week)
  4. Press Add bracket button

Bracket Orders Settings

Using Mubashertrade Pro:

  1. Go to Settings > Trade Settings

Using Mubashertrade Plus:

  1. Go to Settings > Trade Preferences

Order List

Using Mubashertrade Pro:

  1. To see pending brackets orders, go to Trade > Advanced order list.

Using Mubashertrade Plus:

  1. To see pending brackets orders, go to Order List > filter by Pending Triggering.