What is OCO in forex?
One-cancels-the-other (OCO) is a type of conditional order for a pair of orders in which the execution of one automatically cancels the other. OCO orders are generally used by traders for volatile stocks that trade in a wide price range.
How can I buy from OCO?
Approach. Select [OCO] in the drop-down box, then specify the limit price to be 27 USDT and the stop price to be 29.5 USDT and stop-limit price to be 30 USDT, with quantity as 10. Then click the button [Buy BNB] to submit the order.
What is an Otoco order?
An OTOCO order (One-Triggers-a-One-Cancels-the-Other) is a combination of more than two entry orders, one of which is a primary order, and the other two orders form an OCO order. When the market hits the price of the primary order, it is executed and automatically triggers a placement of the OCO order.
What is OCO and single in GTT?
In Single order, you need to set one trigger price and the order price for the required quantity. The single trigger order gets placed with the exchange once the trigger price matches. In OCO (One cancels the other), you need to set a stop-loss and target trigger price or %.
Why OCO orders are blocked?
why? Hi, we have blocked all OCO and CO for options on account of high volatility until further notice. Hi Meet, Due to high volatility, OCO orders are currently not available. We’ll let you know once it is available again.
What is entry order forex?
A forex entry order is an order that is placed at a specified price level for a currency pair. Once this price is reached, the order is then executed/filled. If the price never reaches the desired price level, the order will not execute.
What is OCO trigger?
One-Cancels-the-Other (OCO) order is a type of order that combines the behaviour of a regular limit order with a stop loss market order. OCO is a single order (one order ID is generated) with two prices viz ‘Limit Price’ and ‘Trigger’ price.
Can you buy and sell short at the same time?
You can’t hold both a long and short position at the same time in the same account.
Why is GTT not triggered?
Limit buy orders above the trigger price are more likely to execute and Limit sell orders below the trigger price are more likely to execute. In case a limit order is outside the circuit price, it is rejected and will not execute.
Is GTT free in Zerodha?
Yes, GTT orders are free in Zerodha. However, Zerodha still offers GTT at no cost. You get charged brokerage, DP charges (in case of sell trade), and other transaction charges as in case of any other Equity Delivery trade.
How are OCO orders in forex trading different?
As the name suggests, if either of the two orders are executed, it automatically cancels the remaining order. This differs from plain vanilla stop or limit orders, which are discrete instructions to buy or sell on the market if certain price conditions are met.
What is an order cancel order ( OCO ) trade?
What is an OCO trade? An order cancel order trade (OCO trade) is a trade that is a mix of a normal limit order and a stop loss order. In the trade, you will place two orders. The one order will be placed above the current spot price and the other order will be placed below the current spot price.
Can you use OCO orders in MT4 trading?
OCO orders are not included in MT4 as a default. If you would like to use them, you need to download an Expert Advisor (EA), in order to add the functionality to the platform. An EA is an automated process that allows you to place trades according to specific rules.
What is an if / then order in forex?
An if/then order is a set of two orders with the stipulation that if the first order (known as the “if” order) is executed, the second order (the “then” order) becomes an active, unassociated, single order. Unassociated orders are not attached to a trade and act independently of any position updates.
