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Bracket Order

Order Types

An order that simultaneously sets an entry, a profit target, and a stop-loss. Also called OCO (One-Cancels-Other) because when one exit order fills, the other is automatically cancelled.

Related Terms

Stop-Loss

An order to exit a position when the price moves against you to a predetermined level.

Limit Order

An order to buy or sell at a specific price or better.

OCO (One-Cancels-Other)

A pair of linked orders where executing one automatically cancels the other.

Learn More

Order Types Demystified

Level 1: Foundation · 18 min