Posted By: TradersLog
Bracket Trader is a powerful API (application programming interface) frontend to control IB’s Trader Workstation (TWS). Exit orders are automatically sent the moment a trade entry is filled. The exit is sent as a pair of OCA (one cancels all) orders, with one on the profit side, and one on the stoploss side. That’s why it’s called the Bracket Trader. The program just duplicates what you do manually to manage your trades but does it faster and error-free. BracketTrader eliminates human “mechanical” errors in your trading.