Attached Order
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Description
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Profit Taker Order
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A profit taker order is an opposite side limit order attached to the parent order and has the same symbol and quantity as those of the parent order. The profit taker limit price is used to close a profitable position. A profit taker order will be submitted only after the specified profit taker limit price is met and the parent order is fully filled.
Whether an attached profit taker order supports pre-market and post-market trading is decided by the parent order.
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Profit Taker Limit Price
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The profit taker limit price is the trigger price of a profit taker order. When the parent order is fully filled and the market price meets the specified profit taker limit price, a limit order at the specified price will enter the market automatically.
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A stop loss order is a type of stop order used to limit the loss. It is an opposite side order attached to the parent order and has the same symbol and quantity as those of the parent order. Stop loss orders will be triggered only in the regular trading hours and submitted after the specified stop loss stop price is met and the parent order is fully filled.
A stop loss order will be triggered only during the regular trading hours (excluding pre-market and post-market sessions).
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Stop Loss Stop Price
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The stop loss stop price is the trigger price of a stop loss order. When the parent order is fully filled, a stop order will be submitted automatically. When the market price meets the specified stop loss stop price, a stop loss order will be triggered and enter the market.
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Bracket Order
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A bracket order is comprised of a profit taker order and a stop loss order. Once the parent order fills, either a profit taker or stop loss order will be triggered depending on which order meets the trigger price first. When one order fills, the other is cancelled automatically.
When one side of a bracket order is cancelled or declined, the other will be processed in the same way.
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Notes:
● The risk assessment of an attached order will be conducted only after the parent order is fully filled and the trigger price of the attached order is met. If either child order in a bracket does not pass the risk assessment, the execution of both child orders will fail.
● After the parent order is fully filled, the resulting positions will not be frozen. If you execute any other trade that leads to a change of positions, the triggered attached order may fail the risk assessment.