OCO

In a sentence

The trader placed an OCO pair with both a profit target and a protective stop.

• The trader placed an OCO pair with both a profit target and a protective stop.
• When one order executed, the exchange automatically canceled the other OCO instruction.
• An OCO setup let the investor prepare for either a breakout or a decline.
• The platform rejected the OCO order because the two prices conflicted.
• A one-cancels-the-other order can manage exits without leaving both orders active.