OCO (Order-Cancel-Order) Strategies

The OCO Strategies allow you to attach two exit orders to a main order:

• Limit order for a potential profit exit

• Stop order for a potential loss exit

Once one of the exit orders is executed, the other order is automatically canceled.

Enable OCO Strategy

To enable OCO Strategies:

1. Open the Trading Panel.

2. Enable the OCO Strategies checkbox.

3. Select the mode you want to use.

Mode SL/TP

The SL/TP mode allows you to quickly place individual Stop Loss and Target Price OCO orders:

1. Set Ticks/Money in SL Ticks/Money and TP Ticks/Money.

2. Enable the ticks to activate the orders.

This mode is ideal for simple, single-contract exit strategies.

Mode Multi

The Multi mode allows more complex OCO strategies, such as:

• Multi-contract exits

• Moving the stop to breakeven

Creating a Multi OCO Strategy:

1. Click the Setting Icon → New Strategy.

2. Add multiple Stop and Target orders:

   • Select Stop, define quantity and ticks, then click Add bracket

   • Repeat for Target orders

3. To move a stop to breakeven after reaching a target, enable Move BE

4. Name the strategy and click Save

Selecting the Strategy:

• Use the drop-down menu in the panel

• If the entered quantity matches the OCO strategy, a green tick appears; otherwise, a red warning is shown

Example:

• 3-contract strategy

• 1 Stop exit at 12 ticks

• 3 Target exits at 8, 12, and 20 ticks

• Stop moves to breakeven after Target 2

Server / Client

Determine whether the OCO strategy is managed server-side or client-side.

Server

• Orders are managed and stored on the broker’s server

• Remains active even if the trader’s computer goes down

• Currently supported by Rithmic and DXFeed

• You can link two OCO strategies so that executing one cancels the other:

  • After entering orders, click Link pending orders

Client

• Orders are managed locally on the trader’s computer

• Requires the platform and internet connection to be active

Quick OCO Creation from Open Positions

Even without enabling OCO strategies:

• Each open market position has Stop Loss (SL) and Target Price (TP) squares

• Left-click on SL or TP to quickly create exit orders

• You can link them together to form an OCO strategy