How do I place an OCO order on OEC Trader?
There are several locations within the platform in which traders can place OCO orders.
The first method is through the OCO entry window.
1. Navigate to the top of the platform and left click the Trading tab. Once the Trading tab has been opened select Order Tickets > OCO.
Now that an OCO Futures Order Entry window has been opened, traders have the ability to specify both legs of their OCO order by Buy/Sell, Symbol, Order Type, and Price. Users can also specify Quantity, Flag type, Execution time.
This method of placing OCO orders works great when trading with a chart.
Many users may wish to place OCO orders through a DOM as well.
To place an OCO order through a DOM find the OCO button located along the DOM toolbar and left click to activate OCO orders.
Once activated users can Left Click to place an OCO LIMIT or Right Click to place an OCO STOP anywhere within the DOM. The left side of the DOM being the Bid or “Long” side while the right side of the DOM is the ASK or “Short” side.
3. Left or Right click within the corresponding side of the DOM you wish to place an OCO order for.
In the example provided below, we have attempted to enter the market with a long order. To maximize our profits we have placed an OCO order.
One Long Limit order was placed by Left Clicking at a price action of 2787 while the second leg of our OCO, a Long Stop Order at 2790.25, was placed by right clicking above the market price. Once our second leg of our OCO was established, a confirmation box appears.
4. To confirm your OCO order, simply left click the OK button to place your OCO order.