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Glossary / Order types

Bracket order

Definition

An entry paired with an attached stop loss and profit target.

Why it matters

Brackets pre-commit your exits, which removes in-trade decision making and produces cleaner journal data.

Example

Buy 2 contracts at 15,200 with a stop at 15,180 and a target at 15,240 - a 1:2 bracket that manages itself if you step away.

How to track it in a journal

TradeStack calculates the core performance numbers — win rate, average win and loss, profit factor, expectancy, drawdown and consistency — automatically from imported trades, so bracket order stops being something you estimate and becomes something you read.

Related terms

Market order
An instruction to buy or sell immediately at the best available price.
Limit order
An order to trade at a specified price or better.
Stop loss
A resting order that exits a position once price reaches a set level.
Stop limit order
A stop that triggers a limit order rather than a market order.

Keep reading

Trading journal guides
Expectancy, profit factor, drawdown, backtesting and the PDT rule.
Free trading calculators
Position size, risk-reward, expectancy and options profit.
Expectancy calculator
Expected profit per trade from your own numbers.
Broker CSV export guides
Step-by-step exports for Tradovate, NinjaTrader, IBKR and more.
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