TWS Release Notes

Create an Exit Strategy on Existing Position

Easily create Profit Taker/Stop Loss bracket orders to help exit an existing position using the Exit Strategy tool. To open, right-click a position in your portfolio and from the Trade menu select Create Target/Stop Exit Bracket. Bracket orders are designed to help limit loss and protect profit by "bracketing" an order or position with two opposite-side orders that are submitted when the price of the instrument penetrates either order's trigger price.

• A BUY order is bracketed by a high side sell limit Profit Taker order and a low side sell Stop order.
• A SELL order is bracketed by a high side buy Stop order and a low side buy limit Profit Taker order.

The order quantity for the high and low side bracket orders matches the original order quantity and cannot be edited.

• By default, the bracket orders are offset from the current price by 1.00. If you have defined different offset values in your Order Presets, the tool will use those values.
• You can change the order type, price and time-in-force using the drop-down selectors or click and slide the price line in the chart to set a new trigger price.
• Easily deactivate one order by unchecking the box to the left of the order parameters.
• See the potential profit or loss and probability below each order row..