This practice consists of placing simultaneous buy and sell pending orders just above and below the current market price—often before major economic events—with the intention of capturing sharp, news-driven movements.
Why it is prohibited
Creates unfair trading conditions by exploiting event-driven volatility.
Produces results not based on genuine trading skill.
Can overload servers during high-impact news releases.
Consequences
Bracketing patterns will result in the cancellation of affected trades, forfeiture of profits, and possible account suspension.