How can I use OCO (One Cancels the Other) orders?

OCO (One Cancels the Other) Orders Explained

An OCO (One Cancels the Other) order allows you to set both a stop-loss and a take-profit on a net position or as a market entry strategy. When one of the orders is triggered, the other is automatically canceled.

By default, stop and limit orders placed on individual positions are linked in an OCO relationship.

For net positions (i.e., when you’ve entered and exited trades throughout the day), you can manually set up OCO orders to protect your overall exposure—commonly known as bracket orders. This is especially helpful if you're holding a position overnight and want to manage your risk and potential profit.

Enabling OCO Orders

If you don’t see the OCO option:

1. Click on the Type field in the order ticket.
2. Switch to "Use Advanced Orders."
3. Once enabled, you can choose OCO as your order type.

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