OCO (One Cancels the Other) orders are two conditional orders created with an OCO link.When either of the orders is executed, the other order is automatically removed by the system.
Only Entry orders can be OCO Orders.
OCO orders must be placed:
• | From the same account |
• | On the same instrument |
• | In the same direction (Buy/Sell) |
• | On different sides of the market (Entry Stop/Entry Limit) |
Example: An EL order to BUY EURUSD on account #105 can only be bound to an ES order to BUY EURUSD on account #105.