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turning on OCO on a bracket trade
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turning on OCO on a bracket trade
I will be placing a bracket trade on CL using an ATM strategy with and buy limit and sell limit. The ATM strategy will have 3 proft targets. I will not have enough margin to place the trade unless I have OCO turned on. I will only be using Chart Trader I will not be using the DOM. I need to know the proper way to turn on OCO. Do I only turn it on once before placing each trade or do I need to turn it on for the buy order and the sell order? Do I turn on OCO by right clicking on the chart before placing each trade or do I turn it on using the platform? I am new and learning each day and thank you for your helpTags: None
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Hello,
Thanks for your note.
To use OCO first right-click within the Order Entry and select "OCO Order". The "oc" (OCO indicator) will light up green. All orders placed while this indicator is lit will be part of the same OCO group. Once any order of this group is either filled or cancelled, all other orders that belong to this group will be cancelled. Be sure to right-click within the Order Entry window and de-select "OCO Order" to disable this feature after the orders are placed.Drew O.NinjaTrader Customer Service
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Drew,
I want to confirm I deselect OCO only after the orders have been placed not after the trade has been completed, is that correct?
Thanks,
Roy
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