TradeStation Help
Order Cancels Order & Order Sends Order - Order Bar
The Order Cancels Order & Order Sends Order - Order Bar dialog is
the window where all OCO/OSO orders are placed.
Access
from the Order Bar, click OCO/OSO and select the desired
OCO/OSO templates from the drop-down
list. The Order Cancels Order & Order Sends Order - Order Bar dialog
is displayed that shows the primary and secondary orders in a row hierarchy.
OCO/OSO Name
Displays the name of the OCO/OSO order.
- Stage OCO/OSO Name -
Enter the desired name for
the order, if applicable.
Review the orders below
Displays the order details of the OCO/OSO order. For detail information
about each column and field, see OCO/OSO
Columns and Fields.
- Review each row
to ensure that the symbol, action, and quantity are correct and that
the appropriate limit and stop settings are specified for the primary and secondary orders.
Attach
Bracket and Single Orders
Contains bracket and single order options that can be added to the OCO/OSO
order.
-
- Allows you to enter the symbol, quantity and the
number of limit and stop levels to be created in the Bracket Settings
dialog. For more information, see Bracket
Settings.
-
- Add a single OSO order row. You may attach
as many as you desire as each single order will appear indented one
level beneath its primary order row). Review each row to ensure
that the symbol, action, and quantity are correct and that the appropriate
limit and stop settings are specified.
Advanced settings for
the selected [symbol] order
The
Advanced orders settings provides you with greater control over how your
order is placed, and how it is reflected in the market. This gives you
the opportunity to get faster fills at better prices with less impact
on the market.
- Activation
Rule - Check this setting to determine
when an order will be sent to the market based on either a specified
time and/or price action of one or more symbols. Activation rules
for a given order are specified using the Activation Rules option.
- All
or None - Check this setting when you do not want a partial
fill. Your order will be filled in its entirety or not at all.
- Trailing
Stop - Check this setting to set
a trailing stop to a specified point or percentage amount from the
current price (Last). Trailing Stops are used with a
Stop Market order type.
- If
Touched - Check this setting to specify a price that when touched,
will send the selected type of order to the market. This is only
available for Market and Limit orders.
- Show
Only - Check this setting to hide the true number of shares
that you wish to buy or sell. To do this, select the total quantity
for the order and the quantity that you want displayed at a time.
This helps minimize the impact on a market when trading a large number
of shares.
- ECN
Sweep - Check this setting to route limit orders to ECNs only,
bypassing all market makers. A limit order sent using this option
will be matched with the ARCA book or immediately routed for execution
to a select group of market participants.
- Discretionary
- Check this setting to reflect a Bid/Ask at a lower/higher price
than you are willing to pay using a specified price increment or decrement.
- Buy
on-/Sell on + - Check this setting to allow buys to occur
only on downticks and sells to occur only on upticks. Using this option
allows you to buy only when a seller is aggressive or sell only when
a buyer is aggressive.
- Non-Display
- Check this setting to not reflect your order in either the Market
Depth display or ECN books. Non-Display orders have a lower execution
priority than Subscriber Only or normal visibility orders.
- Peg
- Check this setting for a peg order's price changes dynamically with
the market until the specified duration is met, the order is filled,
or the limit price entered is reached. The value with which the peg
order will float is the Best price (best Bid for a buy order and to
the best Ask for a sell order) or the Mid price (midway between the
Bid and Ask). This type of order is useful to achieve a fair price
in a fast or volatile market.
- Place
Order(s) - Places the order. You are prompted
to confirm the order from the Confirm dialog. The order is now
in the Orders tab in TradeManager.
- Place
and Stage Order(s) - Stage (save an order
as a template) and reuse OCO/OSO orders easily from the Orders tab
in TradeManager. You can send your information in the order
bar to the staged Orders tab where it can be later used to create
other orders. Launches the Confirm dialog and places the order
in both the Orders tab and the Staged Orders tab in TradeManager.
- Stage
Order(s) - Saves the order for a later
time. You are prompted to confirm the order from the Confirm
dialog. The order is now in the Staged Order tab in TradeManager.
Click
Place Order(s) to submit all OCO/OSO
orders. Click Place and Stage Order(s)
to save an order as a template and reuse the OCO/OSO order from the Orders
tab in TradeManager, click Stage Order(s)
to save the order and submit it at a later time, or Cancel
to exit without any changes.
Related Topics
OCO/OSO Columns and Fields
OCO and OSO Templates
Custom OCO and OSO Orders
Bracket Settings
Understanding OCO and OSO Orders