OCO orders

[MikeT]

Anyone effectively using the OCO orders?
What I aim to do is set orders, so I can walk away and not worry about any 'leftover' orders staying active.

So let's say a buy limit, stop loss under and sell limit (take profit) above.
If the stop loss gets hit, the take profit disappears. If the TP gets hit, stop loss disappears.

How can I accomplish that?
I thought Limit+Stop will do that but it creates the stop ABOVE the buy limit order (where the TP should be) and stop just creates two stop orders.

I also didn't see a way to set this up in the bracket order settings.

 

[Alberto27]

You might want to check the Exit Strategies in the DOM see if you can program it better there, hope it helps.

 

[MikeT]

You might want to check the Exit Strategies in the DOM see if you can program it better there, hope it helps.

No there's no settings for OCO... I don't know why, would expect it here.

 

[Alberto27]

If the stops or targets get hit the other orders get cancelled you might want to try it first in replay mode.

 

[MikeT]

If the stops or targets get hit the other orders get cancelled you might want to try it first in replay mode.

ah yes you're right!

 

[Donovan2580]

@Alberto27 is right when suggesting Exit Strategies and there is a different way to go about it if your targets and stops are going to be different all the time.

Check out this video 20:00 in

 

[Alberto27]

Thx Donovan forgot about that one also