Advanced View
The Advanced View is much like the Simple view, yet offers another option to choose from. This option is only used for Futures trading, since it is not relevant to the Forex exchange.
Advanced Order Type
This section will appear on the Order Ticket sidebar when the Advanced tab is selected. This will allow you to select the First Triggers OCO option. OCO stands for One-Cancels-the-Other (sometimes called Order-Cancels-Order). When you use this Order Type, you can set up two or more orders, in a chain.
First, fill out an order that you want in the chain. When you have all the details of the order entered the way you want, click the red Add Order button. This will add the trade in a grey box near the bottom of the sidebar. Now continue the process by inputing the details of another trade you want in the chain, and again clicking Add Order. You can stop adding orders at two, or continue with more if you like. Once you have filled out all the orders you want in the OCO chain, click the blue Confirm button. This will submit the group of orders for filling.
The OCO chain will then become a working order. When any order in the chain fills, it will cancel all the other orders in the chain. Of course the flags you use might close it as well, such as a Day flag removing the order at end of day.
Updated 28 days ago