OCO (One Cancels the Other)

The OCO CFD order type is great for people who are:

• time poor

• not able to sit in front of the computer all day

• needing protective sell orders after entering a CFD position

With this CFD order you must already be in the market as an OCO is placing both a profit target and a Stop loss order at the same time.

OCO CFD order when long

You are already in the market at $10.00 and you place a limit to sell (profit target) order at $10.30. Following on from this you place a Stop to sell to close your long position at $9.90.

OCO CFD order when short

You are already in the market at $10.00 and you place a limit to buy (profit target) order at $9.70. Following on from this you place a Stop to buy to close your short position at $10.10.

If Done order - Contingent CFD order

If Done CFD orders wait for a entry condition to be met and then immediately place a follow on order to close that trade.

Long Trade: The market is at $10.00 and you wish to enter long if the market hits $9.90. If that order is done then immediately place a Stop to sell at $9.70.

Short Trade: The market is at $9.90 and you wish to short sell if the market hits $10.00. If that order is done then immediately place a Stop to Buy (closing the trade) at $10.20.

IF Done orders are known as contingent orders as they are contingent on the first leg of the trade to be executed before the 2^nd part is triggered.

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