SAMCO Bracket Order

Bracket order is a 3-legged order which consists of an initial leg, a top loss leg, and a target leg. These orders use “bracketing” to determine the stop loss levels of trade and also the target exits for a trade. In such orders, the trader can place 3 types of orders at a time:

• Position Initiation Order – This will always be a Limit Order and also known as source order.
• Target Order or Square Off order – This order is always a limit order
• Stop Loss Order (The option to select a trailing stops loss or a static stop loss order lies with the user)

Whenever you place Cover orders or Stop Loss orders with SAMCO, the margin levied will be [(Trade Price – Stop Loss Price) * Quantity], which is subject to a minimum margin.

For more details please visit : SAMCO Bracket Order