Page History: Auto OCO
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Page Revision: 2016/12/12 13:15
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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.
- To enter an Auto OCO left click on the A oco option and the color will turn orange.
- Then set the number of tics away from the order that you want your limit to be placed.
- Then 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 will designate that the stop will be 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 clicing on the working order in the MYB, MYO or the order in the order book and 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 inital is triggered.
- This is the Stop side of the OCO that is held on the server until the inital 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 workin 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.