Resolved Question
OCO(order cancel other)
I want to know how tou use OCO(order cancel other) to trade the News.For example if the news was to come out 9:30am.1. At what time will i program OCO?2. If i want to trade Cable and @ 9:15am the price is 1.5234. Then at what price will i set the buy and sell limit? 3.How can i program the OCO that when the news come out it will not trigger the limit buy and the limit sell at the same time.
about 1 year ago
Best Answer - Chosen by Voters
Hi igums! You have a handful of questions that need a sackful of answers here. However, there seem no accurate reply to your queries. I strongly suggest that you read through the links provided below. Hope these helped you even for just a little.
about 1 year ago
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Answers (1)
First, ask your broker about the OCO. Be sure to get specific answer and elaborate explanation. This way, you may also ask the broker representative for more instructions on how to use their OCO feature. Just a piece of advise: trading the news is quite risky; especially if you're planning to take small profits. Spreads can go very wide suddenly for a very important news. Please try to read more on this subject.
about 1 year ago
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