Missing feature: Bracket Orders

[Graeme22]

Currently the SDK doesn't support bracket orders as documented here: https://developer.tastytrade.com/order-management/

This is a feature I'd like to support at some point.

[kaidaniel82]

Hi, is it still possible to use the OTOCO order to implement a Bracket order? The example on the Tasty website shows this, right? It would be great if you could post an example, as I'm having trouble understanding the process from the documentation.

https://developer.tastytrade.com/order-management/#submit-complex-order

{
    "type": "OTOCO",
    "trigger-order": {
        "order-type": "Limit",
        "price": 157.97,
        "price-effect": "Debit",
        "time-in-force": "Day",
        "legs": [{
            "instrument-type": "Equity",
            "symbol": "AAPL",
            "action": "Buy to Open",
            "quantity": 100
        }]
    },
    "orders": [
        {
            "order-type": "Limit",
            "price": 198.68,
            "price-effect": "Credit",
            "time-in-force": "GTC",
            "legs": [{
                "symbol": "AAPL",
                "instrument-type": "Equity",
                "action": "Sell to Close",
                "quantity": 100
            }]
        },
        {
            "order-type": "Stop",
            "time-in-force": "GTC",
            "stop-trigger": 143.06,
            "legs": [{
                "symbol": "AAPL",
                "instrument-type": "Equity",
                "action": "Sell to Close",
                "quantity": 100
            }]
        }
    ]
}

[Graeme22]

Hi, this is still not implemented. If you'd like to create a PR to add it, feel welcome! It looks like it's a grouping of three orders: opening order, stop loss, and profit taking, all wrapped into one. The ComplexOrder class is a wrapper for one of these that's already placed, but in order to actually create one using the API you'd need to make a new class similar to NewOrder but with the OTOCO type and the relevant parts.

[Quenos]

Solved in PR #107

[kaidaniel82]

When will it be merged to main?

[Graeme22]

As soon as the tests are passing!

[Graeme22]

This can now be done pretty easily:

symbol = Equity.get_equity(session, 'AAPL')
opening = symbol.build_leg(Decimal(1), OrderAction.BUY_TO_OPEN)
closing = symbol.build_leg(Decimal(1), OrderAction.SELL_TO_CLOSE)
otoco = NewComplexOrder(
    trigger_order=NewOrder(
        time_in_force=OrderTimeInForce.DAY,
        order_type=OrderType.LIMIT,
        legs=[opening],
        price=Decimal('180'),
        price_effect=PriceEffect.DEBIT
    ),
    orders=[
        NewOrder(
            time_in_force=OrderTimeInForce.GTC,
            order_type=OrderType.LIMIT,
            legs=[closing],
            price=Decimal('200'),  # take profits
            price_effect=PriceEffect.CREDIT
        ),
        NewOrder(
            time_in_force=OrderTimeInForce.GTC,
            order_type=OrderType.STOP,
            legs=[closing],
            stop_trigger=Decimal('160'),  # stop loss
            price_effect=PriceEffect.CREDIT
        )
    ]
)
resp = account.place_complex_order(session, otoco, dry_run=False)

For an OCO order, it's exactly the same, but without the trigger_order, and it only works for positions you already have open.

[kaidaniel82]

Thats great. Thanks for developing this.