Bracket order placing

đź’ˇ Feature suggestions & ideas
1

Hello dear community,

Today I would like to tell you about a very important feature of the professional trading system.

It is about placing a bracket order.

Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price

I tried to place two orders for a stock I own. I started by placing a limit order. Then when I want to place a stop-loss, a pop up comes up telling me that I cannot place an order for a stock I do not own.

This makes my investments vulnerable. Otherwise, if I want to place an order to maximize my gains with a limit order I have to sacrifice the ability to protect my position against a price decline with a stop limit.

Best regards,

1 Like
2

Yeah you can’t do this in Investment but if you’re day/swing trading in CFD it’s possible.

https://helpcentre.trading212.com/hc/en-us/articles/360008800818-OCO-Order-One-Cancels-the-Other-

The solution atm is to set an alert at the price you want to sell or just before and monitor it.

There’s a few similar threads if you search for oco

1 Like
3

I can’t believe this still hasn’t been implemented. It’s fairly standard.

4

Fully agree, it’s the basics and it needs to work

2 Likes
5

This has been requested for over 4 years now (there are several related threads too).

@Bogi.H @Momchil.G - are there any plans to add Bracket Orders or OCO orders? I would like to see this brought to Invest and ISA.

6

OCO orders are only available in CFD accounts, and currently, we don’t have plans to implement this order type in Invest & ISA accounts.

7

Thanks Bogi. Is there any particular reason that it’s not going to be implemented for ISA accounts? Or is it just deemed to be too low a priority?

8

It’s not very applicable in the Invest/ISA environment, as orders there are handled individually when sent to the market and when entering or exiting a position.

9

I don’t really understand this. Are you saying that it would be too difficult to implement?

10

These orders just don’t fit in our concept for Invest & ISA accounts, which are structured for more long-term and tax-efficient investing. OCO orders, on the other hand, are more short-term oriented and more suitable for fast-paced trading environments (leveraged trading, for example).

11

Thanks Bogi. I appreciate that, but I’m not sure your customers would agree. What about medium-term positions, like swing trading?

12

I’ll definitely share your comments with the team and will let you know if anything changes in the future :ok_hand:

1 Like
13

Please do. Thanks! :slight_smile:

14

Hi I’m a new customer and absolutely swing trade on 212 so this feature is pretty critical for regular use. I get that the majority of customers likely position trade but most other trading platforms I’ve used allow setting brackets to exit positions for customers that don’t want to build long term positions.