Bracket Orders - Entry OCO
Breakout with Exit Bracket (Indicator)
DisclaimerInput Information
| Name | Expression | Default | Description |
| Start | True-False | False | Set to True to cause entry bracket order to be issued on the next tick, otherwise False. |
| AccountNum | String | "Enter Account Number" | Account number (real or simulated) to be used for trading. |
| TradeSize | Numeric | 1 | Number of contracts, or shares, that are to be entered and exited. |
| EntryOffsetFromLastTrade | Numeric | 0.5 | The amount to offset the two entry orders from the price of the first trade that follows setting the Start input to true. |
| ProfitTargetOffset | Numeric | 1 | Amount by which to offset the profit target order from the average entry price. |
| StopLossOffset | Numeric | 0.5 | Amount by which to offset the stop-loss order from the average entry price. |
| CancelOpenOrdersOnUninitializeEvent | True-False | True | Set to True to cancel any open orders when the indicator status is turned off or when it removed from the analysis window. Otherwise, set to False to leave open orders active. |
Market Synopsis
The Bracket Orders - Entry OCO Breakout with Exit Bracket is a grid indicator that uses EasyLanguage objects to place bracket orders, based on user inputs, after the user input Start is set to true. An entry OCO bracket is issued first. After one side or the other of the entry bracket is filled, an OCO exit bracket consisting of a stop-loss and profit target is issued. This completes the issuance of orders unless the value of an input is changed or the code reruns for some other reason (like a refresh, etc.) The code plots a variety of information concerning order and position status in RadarScreen, so that the operation of the brackets can be tracked.
The Bracket Orders - Entry OCO Breakout with Exit Bracket indicator makes use of OrderTicket, BracketOrderTicket, and OCOOrderTicket objects to generate the orders and OrdersProvider and PositionsProvider objects to track the status of orders and positions.
It is recommended that you first
use this indicator with simulated accounts to become familiar with its
order placement behavior.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | Start | Green/Red | Shows whether order placement is active. |
| Plot2 | Account | Default | Plots the account number. |
| Plot3 | Position | Default | Plots the current position. |
| Plot4 | Open Orders | Default | Plots the number of open orders. |
| Plot5 | LE State | Default | Plots the state of the long entry order. |
| Plot6 | LE Fill | Default | Plots the average fill price for the long entry. |
| Plot7 | SE State | Default | Plots the state of the short entry order. |
| Plot8 | SE Fill | Default | Plots the average fill price for the short entry. |
| Plot9 | LX Side1 | Default | Plots side 1 of the long exit order. |
| Plot10 | LX Side2 | Default | Plots side 2 of the long exit order. |
| Plot11 | LX Fill | Default | Plots the average fill price for the long exit. |
| Plot12 | SX Side1 | Default | Plots side 1 of the short exit order. |
| Plot13 | SX Side2 | Default | Plots side 2 of the long short order. |
| Plot14 | SX Fill | Default | Plots the average fill price for the short exit. |