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 a sell limit order above the market and a sell stop order below the market. When one gets filled the other is canceled. If one is partially filled then the volume on the other is reduced accordingly.

Tap here to enable Chart Trading. Tap here to set your Lot size. To enter an OCO tap on the Defaulted limit (L) order type on your Trading toolbar, then select the OCO option from the drop-down and the OCO color will turn orange and the Limit Will stay Orange as well. Two blank boxes will be displayed under the order types. One to display an L for limit and one to display an S for stop.

In this example tapping in the blue bid column will populate the box with your limit price. In this example tapping in the blue bid column will populate the box with your stop price. Tapping the TKT button will bring up a New OCO revision menu that will allow you to make changes to your oco legs before submitting the oco. Tapping the submit button will submit the selected limit and stop OCO order.

After tapping submit you will see both your limit order and your OCO order indicated with a blue circle and the qty in the middle to show it is a buy order. If it was a sell it would be red. If you get filled on one side of this order the other will cancel automatically. If you want to cancel both orders just tap on one of them and both will cancel. You can tap the blue circle to bring up the details of the order and it also gives you the ability to pull the order with the pull order button Image

Tip: To revise the orders you can long-press then drag and drop to revise the price of one of the legs. If you want to revise the quantity you need to either enable the order ticket or go to the working orders tab.

You can confirm your OCO orders in the All, or Working tab of your Order Book. You can also tap on an order in the order book to view the order details or revise the order.