OCO Trader™ Ltd
OCO Trader™ Ltd Synopsis
OCO Trader Ltd is a plug-in application for X_TRADER®. OCO stands for One-Cancels-Other. OCO Trader Ltd is designed to place two (or more) orders into the market automatically whenever it receives a fill for a contract it is tracking. An autocover limit order will be placed at “x” amount of ticks better than the fill price. The other order will be a stop order placed at a position set by
predetermined rules including trailing stops. If either the profit side or the stop side gets filled, the other side’s working quantity will be reduced by the fill quantity. If a profit order gets completely filled, the stop order will be deleted and vice versa. Two independent functions can be used in OCO Trader Ltd to be performed automatically: Limit Order and Stop Order.
Key Features
- Supports autocover orders and/or stop exit strategies
- Place trailing stops on orders to stay “x” ticks from inside market
- Supports stop market and stop limit orders
- Ability to recursively bracket orders
- Option for multiple exit brackets utilizing percentages to support fading
Requirements
X_TRADER
X_TRADER API
Suitable Markets
Traders
Brokers
Buy Side Clients
