One-cancels-the-other order (OCO)

A One-cancels-the-other (OCO) type of order consists of a Stop and a Limit orders. When either the Stop or Limit price is reached and the corresponding order is executed, the other order is automatically canceled.

Keep in mind that the one of the OCO orders gets canceled automatically only if the other order is partially or fully filled by market price movement.

If you want to cancel one part of the OCO order manually, you also need to manually cancel the other part.

To place an OCO order with MyBro, go to the Trading Platform and click on Buy or Sell. In the new window, choose OCO order. Enter your lot size, specify the Stop and Limit prices, and hit the "Send Order" button.

You can check all the available order types and how to place them in this article.