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 template 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 rows 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 order settings provide you with greater control over how your
order is placed, and how it is reflected in the market. For example, this might give 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.
- 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.
- 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.
- Open Only - Check this setting to place a market or limit order that will be sent at the open of the next active session.
- Close Only - Check this setting to place a market or limit order that will be sent at the close of the current session or the next active session.
- Funari - Check this setting to place a limit order that, if unfilled by the end of the active session, will automatically change to a Market order at the close of that session.
- 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