Bracket orders in Onyx allow you to automate trade exits by attaching a profit target and or stop loss to every position. This makes risk control systematic and removes emotional decision-making from your trading.
Brackets are one of the most important tools for maintaining discipline and consistency.
Visual Walkthrough
What Are Bracket Orders?
Bracket orders automate your risk management by placing exit orders the moment you enter a trade. This ensures you have a plan to lock in gains and protect your capital without having to manually close trades.
A bracket consists of two specific orders that "bracket" your entry price:
Take Profit (TP): Closes your position at a target price to secure profit.
Stop Loss (SL): Closes your position at a set price to prevent further losses.
How to Adjust Your Brackets
Once you have an active trade, managing your exits is a simple two-step process directly on the chart:
Step 1: Drag & Drop Locate the TP or SL labels on your chart. Simply click and drag the label to your desired new price level.
Step 2: Confirm After moving the label, the Exits panel will appear. Review your new price or tick distance and click the red Confirm button to finalize the change.
Best Practices
Always Set a Stop: Unless you are intentionally managing risk manually, always have a Stop Loss in place to prevent catastrophic losses.
Adjust for Volatility: Increase your bracket size during high-volatility periods to avoid being "stopped out" by normal market noise.
Use Multiple Targets: Tailor your bracket distances to fit specific strategies (e.g., tight scalps vs. wider trend-following targets).
Verify Values: Always double-check your price and tick values in the side panel before clicking Confirm.
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