CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
An OCO (One-Cancels-the-Other) order allows you to place two orders at the same time—a stop order and a limit order. These orders are positioned above and below the current price. When one order is triggered and executed, the other is automatically cancelled.
How do I set up an OCO order?
- Select the Instrument
- Choose 'OCO' order and set the quantity
- Set prices and directions
- Enter the price and direction for Order 1 (e.g., a Stop Order).
- Enter the price and direction for Order 2 (e.g., a Limit Order).
- Confirm the order
❗️ Important
OCO orders help automate trade management while limiting exposure to risk, making them a useful tool for traders who want to react to market movements without manually monitoring price changes.