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| android:android_auto_oco_order [2020/09/25 12:17] – created rob | android:android_auto_oco_order [2024/05/14 21:44] (current) – serhii | ||
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| ====== Auto OCO ====== | ====== Auto OCO ====== | ||
| An AutoOCO is an order that consists of three components: a Trigger order and the two components of a traditional OCO Order that are held on our server, and when the Trigger order is filled, the OCO order (consisting of a Limit order and a Stop order) is activated and consequently submitted to the exchange and when one side of the OCO is filled the other will cancel. This is a helpful order type as it allows the user to have the initial order protected automatically after it is filled with an OCO order. | An AutoOCO is an order that consists of three components: a Trigger order and the two components of a traditional OCO Order that are held on our server, and when the Trigger order is filled, the OCO order (consisting of a Limit order and a Stop order) is activated and consequently submitted to the exchange and when one side of the OCO is filled the other will cancel. This is a helpful order type as it allows the user to have the initial order protected automatically after it is filled with an OCO order. | ||
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| * Tap here to set your Lot size. | * Tap here to set your Lot size. | ||
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| * Then set the number of tics away from the order that you want your limit to be placed. To do this tap on the box labeled L to bring up the menu to set the tics for the limit order. | * Then set the number of tics away from the order that you want your limit to be placed. To do this tap on the box labeled L to bring up the menu to set the tics for the limit order. | ||
| * Then set the number of tics away from the order that you want your Stop to be placed. To do this tap on the box labeled S to bring up the menu to set the tics for the stop order. Note the T next to the Stop, tap on this to change it to orange and this will designate that the stop will be a trailing stop. | * Then set the number of tics away from the order that you want your Stop to be placed. To do this tap on the box labeled S to bring up the menu to set the tics for the stop order. Note the T next to the Stop, tap on this to change it to orange and this will designate that the stop will be a trailing stop. | ||
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| * Note that the initial order is a two lot and the limit and stop are set to 5 tics which is the distance the orders will be submitted from the initial fill price. Also note that the T(Trail) Button is also active this means that the stop order will trail the market 5 tics. | * Note that the initial order is a two lot and the limit and stop are set to 5 tics which is the distance the orders will be submitted from the initial fill price. Also note that the T(Trail) Button is also active this means that the stop order will trail the market 5 tics. | ||
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| You can view your orders by going to the Orders Tab. | You can view your orders by going to the Orders Tab. | ||
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| * This is the initial working order. | * This is the initial working order. | ||
| * This is the initial working order. | * This is the initial working order. | ||
| * This is the Limit side of the OCO that is held on the server until the initial is triggered. | * This is the Limit side of the OCO that is held on the server until the initial is triggered. | ||
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| The initial order was revised down to be filled. Note that the held OCO orders were submitted at the earlier defined distances of 5 ticks. | The initial order was revised down to be filled. Note that the held OCO orders were submitted at the earlier defined distances of 5 ticks. | ||
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| * This is the price at which the initial order was filled. | * This is the price at which the initial order was filled. | ||
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| You can also view these orders in the order book under the all or Orders Tab filtered to filled. | You can also view these orders in the order book under the all or Orders Tab filtered to filled. | ||
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| * This is the price at which the initial order was filled. | * This is the price at which the initial order was filled. | ||