OCO Orders and Algorithm Orders, utilized by Institutions and professional traders, may sound complicated just by their names, but once the mechanism is understood, they become a means to support planned trading without being influenced by emotions. This article explains OCO Orders and Algorithm Orders (TWAP, VWAP, POV).
What is an OCO Order?
OCOIn an (One-Cancels-Other) Order,A Limit Order and Stop Limit Order are combined and placed simultaneously.When one is All Filled, the other is automatically canceled.
OCO Order is valid only when selling the Stocks that are held.OCO Order refers to.
OCO Order.
The mechanism of OCO Order.
For example, for a stock held at one hundred dollars, you can set the OCO Order as follows.
"Limit sell order to take profit at one hundred ten dollars."
"Stop loss sell order at ninety-five dollars."
If the sale is completed when reaching 110 dollars, the stop-loss order will be automatically canceled.
On the contrary, if it drops to 95 dollars and the stop-loss is executed, the profit-taking limit order will be automatically canceled.
Mechanism of OCO order.
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Have you ever been troubled by placing orders at disadvantageous prices due to rapid market fluctuations in a short period of time? Temporary market factors and substantial orders often lead to sharp rises/falls in stock prices which can quickly normalize and differ from the actual trend.To solve such issues,new feature'Trigger Count Setting'has been developed!
Useful in times like this!
When passing through an event
Market movements can be significant after the announcement of financial policies and important economic indicators (such as FOMC, US employment statistics), but these short-term price movements often differ from the actual trend.By setting the trigger price to be touched multiple times in advance, you can prevent unintended orders. Rather than single price movements,confirm a certain level of stock price stability before placing an order.Limiting to prevent unintended orders. Rather than single price movements,This increases the possibility of improving trading accuracy.
During panic markets
Rapid surges/drops tend to induce panic buying/selling, leading to emotional investment decisions. Even when the market falls into panic,Setting trigger prices to be touched multiple times in advanceAiming to place orders when a certain degree of stable price movement is confirmed.at a timing where relatively stable price movements are observed.The one-off panic...