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Order Types

Key Features
The FX Trading Station gives traders the ability to make 5 different types of orders:
Market order Close order Entry order Stops/Limits OCO Orders
OCO Orders Simple OCO Orders
OCO stands for "One Cancels Other." It simply means that if one part of the order is executed, the other part will be automatically canceled. On the FX Trading Station, Entry Orders that are linked as OCO orders will appear under the "OCO" section of the Orders window. For example, the two 30K EUR/USD sell positions shown below are linked as OCO. If one of these entry orders executes, the other order will be deleted.
OCO Orders Window
Types of OCO Order
You can choose to make either “Simple OCO Orders” or “Complex OCO Orders”.
Complex OCO Orders
Complex OCO orders allow you to link 2 or more entry orders to each other as OCO orders. These orders can be all in one currency pair, or across many currency pairs. There are several different ways to set Complex OCO Orders.
Method 1: You manually place two
(or more) entry orders (see how to create entry orders here). In the Orders Tab, you will see the two entry orders. To link them as OCO (one cancels other), simply right click on one of the Order ID numbers under the Order ID Column and select "Complex OCO".
Complex OCO right-click
A box will appear with your existing available entry orders. To link your orders as OCO you can select them individually and click "Add", or you can Select All. You will then see these orders move into the "OCO Orders" section of the box. Click "OK" to complete the order. You can even link as many orders as you like in this way.
Complex OCO box
Method 2:
If you already have an OCO order in place, you can click on an order and drag it around the Orders Window. If you drag an Entry order into the OCO section and your mouse pointer turns yellow, you can let go and the order will drop in as a new OCO order. If you click and drag an order over another order, your mouse pointer will turn green. Then you can drop the order and it will become OCO with the order you were pointing at.
Execution
The moment that any one of the entry orders that is a part of your Complex OCO Order executes, all the other order(s) in that OCO will be cancelled, and will disappear from your Orders Window.