A bracket order in Quantower attaches your stop loss and take profit the moment your entry fills, so you set the distance once instead of placing three orders by hand every time. This video shows how to turn brackets on, how the tick distance works, and how to check where your stop and target actually live.
In this tutorial, you will learn:
– How to turn on brackets in the DOM settings in Simple mode
– Why you set a distance instead of a price for your stop and target
– What OCO means, and why the other leg has to disappear
– Why the stop loss and take profit fields are in ticks, not points
– Placing a trade and watching both legs attach on the DOM and footprint chart
– How to drag the stop and target after they attach
– The Placing strategy dropdown: why to leave it on None
– OCO in action: the target fills and the stop cancels
Optimus Flow is powered by Quantower and is free for Optimus Futures clients with a funded account, with no separate platform fee. Account minimums vary by contract type and by clearing firm, and current commissions, margins and pricing are on the pricing page linked below.
Chapters
[0:00] Three orders, or one
[0:33] Turn on brackets in the DOM
[1:29] What OCO means
[1:56] Ticks, not points
[2:32] Place a trade and watch the bracket attach
[3:32] Where your stop and target actually live
[4:25] OCO in action: one fills, one cancels
[4:47] Recap
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There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit-order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter, or other similar service. We urge you to conduct your own due diligence.
