Modify and cancel bracket orders as you would for any orders on the DOMTrader or Order Ticket.
If you modify the main order price or quantity, then the profit and loss orders are modified accordingly. Main legs that are rejected, cancelled, or expire result in the same action on the profit and loss legs.
If you cancel the target profit order, then the stop order is cancelled and vice versa.
The profit and loss legs of the order are displayed on the Parked window until the main leg is filled or partially filled. If the main leg is partially filled, then the profit and loss legs are placed with the quantity of the partial fill. The open quantity becomes a new OPO with a new OCO (profit and loss) leg.
Once a working is filled or partially filled, then two orders are triggered on the other side of the market, one is stop order and one is a limit order.
The limit order indicates the profit you want to make and the stop order indicates the loss you are willing to take. Once on those orders is filled, the other is cancelled.
CQG |