OCO orders: do you use one-cancels-other?

An OCO pairs a stop and a target so filling one cancels the other, and the same mechanism can bracket entries. It's automation's simplest gift, and plenty of traders never use it.

OCO orders: do you use one-cancels-other? — support and resistance diagram
Price bouncing between support and resistance

Do you?

  • the OCO setups you run
  • how they help with news and gaps
  • where your platform's OCO support falls short
OCO orders: do you use one-cancels-other? — risk-reward diagram
A risk-reward ratio of 1 to 2

The order types guide explains the mechanics.

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