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questions on bracket and hege orders


 

Three questions:

1. Suppose I send a bracket order to buy. Once the parent buy order executes, two sell orders go out. One is at a higher price and is? a limit order, and the other is a stop order that gets activated at a lower price. After the main order fills, but before the two sell orders fill, is it possible to cancel the two sell orders? Or will I get an error because all three are a package deal?

2. What is the difference between bracket orders and hedging orders? The conditional orders execute only after the parent order is filled, that is the same. Also, both make use of the .transmit flag. However, the bracket order examples seem to have more legs, and when non parent id orders are filled, that fill cancels the others. Is that the only difference?

3. Can I construct "bracket/hedge" orders that are more general and have more legs? Will the behavior always be a.) child orders are only sent after the parent order goes out, and b.) only one child order can fill?

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