Bracket orders provide the flexibility to set stop loss and profit target levels for each position. They can be easily adjusted and moved as required. Additionally, you can configure brackets to scale out at specific intervals, keep a remaining position, and even move the stop loss to breakeven after a certain number of points.
For a step by step walkthrough please review the link below-
https://tradovate.zendesk.com/hc/en-us/articles/222077928-How-can-I-configure-and-or-activate-bracket-orders