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.
To enable the OCO
- First tap the OCO button to bring up the order type menu.
- Then tap on OCO to select that order type.
Once the OCO has been selected It will now be highlighted red and you are ready to enter your parameters.
- First make sure you have chart trading enabled
- The l stands for limit or Profit and the s stands for stop.
- First make sure you have a qty selected before submission
- In this example tapping in the offer column will populate the box with your limit price
- In this example tapping in the offer column will populate the box with your stop price
- When you are ok with your limit and stop price tap the submit button to enter the OCO.
- After tapping submit you will see both orders colored either red for sell or blue for buy with a bubble indicating the qty submitted. 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.
To revise the orders you can long press on the bubble of the order you want to revise, then drag and drop to your new price. Note with chart trading you will always be prompted to confirm your submission or revision.
To cancel and order you can tap on one of the bubbled and the information of the order will appear along with the pull order button
.
Viewing your working orders.
- You can easily view your working orders by tapping on the orders button at the bottom of any page
- You can view any working order in the working order tab, and tap on any working order to view the full details of the order.