stlwater wrote:
Right. I use OTO or even OTT (order triggers two orders) and of course OTOCO (in this case a buy stop limit order is filled then two sell tops are entered protective stop and a target price limit order (neither are entered into the market they are held on the broker's servers until conditions are met then sent to the exchange).
Where to find OTO or OTT, I didn't see them under complex orders.
I don't if your broker offers those options? I'm on OptionsHouse.
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stlwater wrote:
Right. I use OTO or even OTT (order triggers two orders) and of course OTOCO (in this case a buy stop limit order is filled then two sell tops are entered protective stop and a target price limit order (neither are entered into the market they are held on the broker's servers until conditions are met then sent to the exchange).
Where to find OTO or OTT, I didn't see them under complex orders.
I don't if your broker offers those options? I'm on OptionsHouse.
I see, thanks.
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Say, you have stop limit at 1500 limit 1494.
then another one 1490, limit 1484.
say, market crash to 1500, you sold at 1496. You don't see (like me having lunch in another room), so your 2nd stop limit still there, it's not automatically cancelled.
then market crash to 1490, you sold at 1490,
then market rebound to 1500 from 1490, you end up sold short at 1490 in this case.
I need a feature that if one stop loss triggered, then the 2nd stop loss would be automatically cancelled.
I used to trade commodities and there was an oco order that could be used. Oco - one cancels other. I don't know if that is still available and I don't know if i also applies to stocks and/or options. My guess is that it is up to the broker even if it allowed y the exchange.
daytradingES wrote:In this example I have used OCA stop orders
only one gets filled and then it cancels the others (see HE1 OCA code)
You need to all the OCA column
(I don't use attached feature because it autotriggers the stop and profit limit)
I see. thanks.
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daytradingES wrote:In this example I have used OCA stop orders
only one gets filled and then it cancels the others (see HE1 OCA code)
You need to all the OCA column
(I don't use attached feature because it autotriggers the stop and profit limit)
By the way, if I did set OCA today, still no regret because it'd be sold at lower price anyway. So simply no escape today.
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