desktop:desktopauto_oco_order

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desktop:desktopauto_oco_order [2023/12/27 14:15] – created robdesktop:desktopauto_oco_order [2025/07/24 17:45] (current) – grant
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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. When the Trigger order is filled, the OCO order (consisting of a **Limit order** and a **Stop order**) is activated and submitted to the exchange. 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.
 +
 +{{:path:to:auto_oco_image1.png?direct|}}
 +
 +To enter an Auto OCO:
 +  * Left-click on the **A OCO** option; the color will turn orange.
 +  * Set the number of tics away from the order that you want your **Limit** to be placed.
 +  * Set the number of tics away from the order that you want your **Stop** to be placed. 
 +    * Note: the **T** next to the Stop – left-clicking on this will change it to orange and designate the stop as a **trailing stop**.
 +
 +{{desktop:autooco.png?300}}
 +
 +
 +Now, enter your order on the contract window.  
 +The **Limit** and **Stop** orders will be held on the server until the original order is filled.
 +
 +{{desktop:autooco2.png?700}}
 +
 +
 +**TIP:** You can revise any part of the limit or held OCO by either:
 +  * Right-clicking on the working order in the **MYB**, **MYO**, or
 +  * Right-clicking on the order in the **Order Book** — it will bring up a revision ticket.
 +
 +{{:path:to:auto_oco_image3.png?direct|}}
 +
 +You can view these orders in the **Order Book** under the **All** or **Held** tabs.
 +
 +  * 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 Stop side of the OCO that is held on the server until the initial is triggered.
 +
 +{{:path:to:auto_oco_image4.png?direct|}}
 +
 +Now the initial order has been filled.
 +
 +  * This is the price at which the initial order was filled.
 +  * This is the **Limit** side of the OCO — note it is working at the distance away from the initial fill price designated before submission.
 +  * This is the **Stop** side of the OCO — note it is working at the distance away from the initial fill price designated before submission.
 +
 +**TIP:** If you cancel the original order, the limit and stop will automatically cancel.
 +
 +You can also view these orders in the **Order Book** under the **All** or **Filled** tabs.
 +
 +{{:path:to:auto_oco_image5.png?direct|}}
 +
 +  * This is the price at which the initial order was filled.
 +  * This is the working **Limit** side of the OCO — note it is working at the distance away from the initial fill price designated before submission.
 +  * This is the working **Stop** side of the OCO — note it is working at the distance away from the initial fill price designated before submission.
  
  • desktop/desktopauto_oco_order.1703686557.txt.gz
  • Last modified: 2023/12/27 14:15
  • by rob