Brackets Management allows modification of Stop Loss and Take Profit orders automatically.
Here is what gets modified when the this mode is on:
When the Brackets Management checkbox is unselected each trade can have its own TP and SL orders. Bear in mind that they’d have to be managed manually.
We’ve added notifications for the sake of convenience. Keep an eye on them, as they help you stay informed of the recent changes.
It’s worth mentioning that if a position has several SL and TP orders (this can be done through another platform or TradingView when Brackets Management box is unchecked) then ticking the box won’t change the orders. They won’t be cancelled or grouped together. However, bracket management will be turned off for a symbol that has such a position until only 1 pair of SL and TP orders is left. Our notifications will inform you about this.
Also note that if Brackets Management is on and if there is a position with SL and TP orders and user places a bracket order that gets executed, then SL and TP correction (cancellation of old ones / modification of new ones) will only happen in the event that price is at least 10 ticks away from all orders. You should be informed about this through our notifications as well.