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 enable the AOCO
- First tap the OCO button to bring up the order type menu.
- Then tap on AOCO to select that order type. The AOCO color will turn orange and the Limit Will stay Orange as well.
Submitting an AOCO
- Tap here to set your Lot size.
- Then set the number of ticks away from the order that you want your limit to be placed. To do this tap on the box labeled L to bring up the menu to set the tics for the limit order.
- Then set the number of ticks away from the order that you want your Stop to be placed. To do this tap on the box labeled S to bring up the menu to set the tics for the stop order. Note the T next to the Stop, tap on this to change it to orange and this will designate that the stop will be a trailing stop.
- You can set your stop to be a trailing order. You need to enable this before submitting the order.
- Then tap in the blue bid column to enter a buy or the red column to enter a sell. For this example, we are submitting a sell at 3746 which will fill immediately at the best available price.
- This is the price at which the initial order was filled.
- This is the Stop side of the OCO. You can long press and drag to revise the stop individually.
- This is the Limit side of the OCO. You can long press and drag to revise the stop individually.
Tip: for AOCO orders once the OCO is triggered if you cancel one side of the OCO the other order will continue to work. For example if you cancel the limit order your stop will continue to work.
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.