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OCO


OCO (One Cancels the Other) means if one part of the order is executed, the other part of order will be automatically cancelled.

OCO enables market entries, where a ‘Buy’ order and a ‘Sell’ order are placed at the same time. Once the market reached one side of the OCO, the remaining side will be cancelled.

OCO order is most often used to manage open positions. Traders can place Take Profit (realize profit by closing a position) and Stop orders at the same time.

Unlike AS Streaming and Streaming orders, you cannot set slippage for OCO Orders. Please be aware of potentially unlimited slippage.

Entry Order

1. Open “Order Window”
2. Select a “Currency Pair” and a “OCO” tab
3. Select the “Entry” from “E/C”
4. Enter the “Amount” (10,000 or 1,000 of the base currency)
5. Select the “S/S, B/B, Limit S/B, Stop S/B”
6. Enter the “Rate” in the OCO1 and OCO2 fields
7. Select the “Expire” (Day/Week/Good-Til-Canceled GTC)#
Click “Confirm/Submit



Close Order

1. Open “Order Window”
2. Select a “Currency Pair” and a “OCO” tab
3. Select the “Close” from “O/C”
4. Enter the “Rate” in the OCO1 and OCO2 fields
5. Select the “S/S, B/B, Limit S/B, Stop S/B”
6. Enter the “Amount” at the bottom section of “Closing Area”
7. Select the “Expire” (Day/Week/Good-Til-Canceled GTC)#
8. Click “Confirm/Submit”