You can use a One-Cancels All (OCA) order type to create a bracket order for an existing position. This allows an investor to place multiple orders assigned to a group. The aim is to complete just one of the orders, which in turn will cause TWS to cancel the remaining orders.
To create an OCA order in Mosaic:
- Enter the ticker in the Order Entry panel
- Click the BUY button
- Enter the buy Limit price
- Choose a Time In Force
- Click Advanced on the bottom row of the Order Entry window and click One Cancels Another
- Another order line will populate where you can add the OCA order you wish to attach to your Parent order
- Once finished, click the Submit button to submit your order.
More information on One Cancels Another orders can be found in our Users' Guide.