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.

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.

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.

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.

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.

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.

• 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.