One-cancels-the-other (OCO)
A pair of orders where filling one automatically cancels the other, for example a buy stop above a range and a sell stop below it.
Related terms
Pending order
An order to open a trade automatically when price reaches a level…
Breakeven
Moving the stop loss to the entry price so the trade can no longer…
Buy limit
A pending order to buy below the current price, used to enter on a…
Buy stop
A pending order to buy above the current price, used to enter on…
Execution
How and how quickly your orders are filled. Market execution fills…
Gap
A jump between one price and the next with no trading in between,…