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