OSO Order Entry

One-Sends-the Order is a conditional order that is executed upon the immediate execution of the first order.  These orders traditionally use a bracket strategy.  A bracket is an order strategy that is designed to help limit a loss and help lock in a profit by attaching or joining an order with two opposite-side orders using the same quantity as the original order.

  1. To display the OCO, click on Orders, select the OCO item.

  2. Click on the OSO tab or press Ctrl + 5.  Refer to the Figure below.

 

 

Side:  

Buy or Sell

Qty:

Futures:  number of contracts to order

Forex:  number of lots to place, 1 standard FX lot = 100,000 units, 1 mini FX lot = 10,000 units

Symbol:  

For futures, this is contract symbol or for Forex, the spot foreign currency pair

Note: Use the symbol selector ()or Option Chain ( ) as need.

Order Specs:

All Assets:  Select the appropriate order type, flags, and time-in-force  you wish to use

Execution Time:

All Assets:  Set a release and cancel time by choosing 'in' or 'at' and the appropriate time.