desktop:desktop_oco_order

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desktop:desktop_oco_order [2023/12/27 14:16] – created robdesktop:desktop_oco_order [2025/07/25 15:34] (current) – [Managing OCO Orders] grant
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 ====== OCO ====== ====== OCO ======
 +
 +An **OCO** (One Cancels Other or Order Cancels Order) consists of a:
 +
 +  * Buy limit order **below** the market and a buy stop order **above** the market, **or**
 +  * Sell limit order **above** the market and a sell stop order **below** the market.
 +
 +When one order is filled, the other is automatically canceled.  
 +If one order is partially filled, the remaining volume on the other order is reduced accordingly.
 +
 +===== How to Enter an OCO =====
 +
 +  * Left-click on the **OCO** option — the color will turn **orange** to indicate it is active.
 +  * Two blank boxes will appear under the order types:
 +    * One labeled **L** for limit
 +    * One labeled **S** for stop
 +
 +{{:desktop:oco1.png?400|}}
 +
 +===== Submitting the OCO Order =====
 +
 +  * Clicking in the **Bid** column will populate the appropriate box with your limit or stop price, depending on the OCO setup.
 +  * Click the **Submit** button to send the selected limit and stop OCO order.
 +  * Click the **TKT** button to bring up the **New OCO Revision** window, allowing you to adjust the OCO before submitting.
 +
 +
 +{{:desktop:oco2.png?400|}}
 +===== Managing OCO Orders =====
 +
 +  * If one side of the OCO is filled, the other side is canceled automatically.
 +  * To cancel both orders manually, simply click on one of them — both will be canceled together.
 +
 +===== Verifying OCO Orders =====
 +
 +You can confirm and monitor your OCO orders in the **All** or **Working** tab of your **Order Book**.
  
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  • Last modified: 2023/12/27 14:16
  • by rob