Alpaca Launches Bracket Orders for Automated Trading

Alpaca introduces a new bracket order functionality to automate trades and manage risk.

Bracket orders consist of a primary order, a take-profit order, and a stop-loss order, helping traders to target specific price ranges.

This feature allows users to set up conditions for their trades to be executed optimally for profit or minimal losses.

Setup requires additional parameters in the POST /v2/orders endpoint for API users.

The feature is aimed at mitigating errors due to reliance on market data and internal and external systems.