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'''OCO-Orders'''
One Cancels Other (OCO) orders are the price orders sent in a group. When any of OCO orders is filled or partially filled, the system cancels or reduces size of other orders in this OCO-group.
<div style="background-color: #E3FBE5;">Note: Reduce size functionality is supported by Interactive Brokers only: if one order in OCO group is partially filled, others are reduced in size proportionally. </div>
All Entry Strategies are placed with OCO-orders.
There are two types of OCO-groups in MultiCharts: Native and Simulated.
Native OCO-group is used when the broker’s API supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker. (Native OCO-group is supported by Interactive Brokers and FXCM).
Simulated OCO-group means that all OCO orders will be sent to the broker, but once one of them is filled, other orders from this OCO group will be cancelled by MultiCharts. In this case, when one of the OCO orders is filled, MultiCharts will send a command to cancel or reduce size of the second OCO order to the broker.
Please note that in case of high market volatility there may be not enough time to cancel the order and therefore both orders may be filled. Both orders also may be filled in the unlikely event of crash or connection loss.
All OCO-orders of the same group will have the same OCO-ID. You may check it in the Orders tab of the [[Order and Position Tracker]] window.
==[[Orders and Strategies]]==
See [[Orders and Strategies]].
[[Category:Manual Trading]]
