If-Then OCO Order

Brief

The section describes how to create, modify, and delete an If-Then OCO order.

Details

The If-Then OCO order is a version of the OTOCO order. They differ only in their primary orders: unlike all other entry orders the If-Then OCO primary order has no amount value (its value is always 0), thus, the order is not executed when the market price hits it but simply triggers placing of its secondary (OCO) orders. In other words, the primary order of the If-Then order sets a condition for an OCO order placement.

As all contingent orders, the If-Then OCO order is created with the Create Contingent Order dialog box with its special features.

The ways the order can be modified and deleted are same as those of the OTOCO order (see the Modify OTOCO Order and Delete OTOCO Order articles).