Entry and Exit templates can be combined into many variations and can be further customized by adding other orders. For more information, see Order Cancels Order & Order Sends Order - Order Bar.TradeStation Help
To expedite the creation of OCO (Order Cancels Order), Bracket OCO, and OSO (Order Sends Order) orders, TradeStation includes a set of order templates that may be selected when using the OCO/OSO option from the Order Bar or when attaching or placing on OSO from the Matrix.
There are different combinations of common entry and exit orders that automatically populate the Order Cancels Order & Order Send Order - Order Bar dialog along with the ability to add other conditions before actually placing the order.
The Entry - Single Order templates consist of a Buy order to establish long position or a Sell Short order to establish a short position that will be placed when the primary order above it is filled.
The Exit Bracket - (1-3) Limit & (1-2) Stop Level templates consists of up to three Limit orders that can exit on one side of the current market, and up to two Stop orders that can exit on the other side of the current market. The Exit Bracket - (1-3) Limit & (1-2) Stop Level order lets you bracket a current position by setting one or more profit target exits (limits above a long position or below a short position) and stop loss exits (stops below a long or above a short position).
Entry and Exit templates can be combined into many variations and can be further customized by adding other orders. For more information, see Order Cancels Order & Order Sends Order - Order Bar.