Oco 1st triggers reddit. 75 as a stop loss or $9. Is there a difference between the two of I’m just add one follow up order (a stop loss or trailstop) and want it to be attached once my original order fills. I'm trying to buy a straddle and have an OCO for both legs separately. Adjust "sell" order limit pricing. The STOP is where it triggers, and the LIMIT should be the most you're willing to lose. Yes, instead of using "Single Order" when you create the buy order, use "1st triggers OCO". Setting up the template itself is fine, however the 'submit at' date is static, so each time I go to reuse this template I'd need to update that date. Here’s what I need: * Two orders: a buy with a profit/stop The first order in the Order Entry screen triggers an OCO order (“one cancels other”—see below). Jul 7, 2022 · The investor could, therefore, place an OCO order, which would consist of a stop-loss order to sell 1,000 shares at $8, and a simultaneous limit order to sell 1,000 shares at $13, whichever occurs Settings say that I can have adaptive triggers like on a ps5. A conditional order allows you to set order triggers for stocks based on the price movement of underlying security or index. Related Borderlands 3 First Jun 21, 2020 · ThinkorSwim First Triggers OCO Order. Something like that. You can do a single order with two conditions to form a bracket. You can save for later use so the order becomes one click going forward. Submit the order. Needs to be 5 total orders, one buy and two sell/two stops. Is there a way to automate this? i don't mind having to update some prices, but if i select a position i want the order entry to fill with three orders. I am trying to find a way to set 2 separate OCO brackets of 33 shares each in which they both have the same stop price, but different take-profit prices. I usually place orders in the morning, go to work, and periodically check on the orders but this is difficult since I guess I don't understand how either the platform or OCO brackets work. OrderA <OCO> Order B <triggers> Order C. So, yes but not effectively. This approach is effective in uncertain market conditions, balancing risk management with profitability. 1st triggers OCO requires the initial order and 2+ subsequent orders that all go into effect once the initial order is filled. Do you mean like 1st triggers OCO? If so, you can’t place a stop order on one end of the bracket, extended hours orders must be LMT orders. The only time I use the option price as a trigger is for trailing stops. Good morning Im wondering how i can change 1st trigger order in terms of # of shares and auto reflect the OCO. One thing I liked about TOS is that if if you had a position already open, you could place a limit to close order and a stop loss order (one at a time) through the ActiveTrader (same as IBKR's BookTrader) and TOS would link them such that One Cancels the Other (whichever happens first). 1st OCO order-- Limit sell 25 shares at $12. Reply Hello all - I’ve just used the search function but can’t seem to find the answer I’m looking for. Click the advanced order button and change from "single order" to "1st triggers sequence" Right click anywhere on the first "sell" order and select "create opposite order" Change "buy" order type to stop limit. I tried 1st Triggers 2 OCO but that creates two Trailing Stop orders with different price targets. I made a "1st triggers 2 OCO" order which would work, but it calculates (since I'm using a percentage) the limit sell and stops of each OCO based on the fill price of the straddle (call price+put price), and it immediately triggers my stoploss and closes my position. What i want is for 1st triggers OCO to be my default order type. From the looks of how this is set up, could anyone tell me what each of these 3 orders is set up to do? In this particular situation, my goal is to buy when the price rises above $53. mastermind07 New member. g. For example, first buy 200 shares of stock. Is there any way to do this? On desktop, it looks like what you may be looking for is the 1st Triggers 2 OCO, or 1st Triggers 3 OCO. Entering a First Triggers OCO Order An OCO (One Cancels Other) order is a compound operation where an order, once filled, cancels execution of another order. Hey folks, setting up a 1st triggers OCO order template where I'd like to either take a profit or close at market the day before earnings. So on the first leg of this order (the 1st trigger order that sets off the sequence) click the little gear icon that brings us to the Order Rules window. You can then set sell orders that are only placed in the market after the buy order fills. I also place orders to trigger a BTC at 3:45 PM on expiration Friday if I'm ITM and don't want to take assignment. Sell 10 XYZ LMT +$1. From my experience with these triggers and fills, Webull uses Ask as the trigger on a sell to close order, which is fucking up the fill for the option selling customer. For instance, a trader may purchase 100 shares and elect to use the 1st Trgs 2 OCO orders to execute . Hi! I would like to know if it is possible to modify a "1st triggers 3 OCO" order with the following characteristics, I would like to place orders always in the following fashion: - This obviously needs to be bought in lots of 3, for example: 3, 6, 9, 27, 99 stocks - Entry Price: Always 2 ticks above the current candle's high Hey all sorry if this was asked. Click on the Advanced Order button and load each choice so you can see what they really mean. What we want to do is set up a conditional to cancel this order if our stop loss is triggered. I have my strategy working and everything in place but can't seem to be able to place first triggered OCO orders. Adjust mark and stop limit pricing. Say ABC is at $10. 00 - Total Trade Complete // -OCO- 1Bb. 00 GTC Basically, this set up splits the profit taking into two levels across two orders, while keeping the protective stop loss at one level across two orders. 1st Triggers: Seq / All / OCO / 2 OCO / 3 OCO Somewhere in this set of choices is your answer. Their "advanced order" will not let you pick the trigger, but you put a price. There are hundreds of little traps on all brokerage platforms, try set alerts to your phone on price levels. It is called OCO (one cancels the other). What happens if the buy order is only partially filled? Does the OCO trigger with an equal number of shares that filled in the buy order? Or does the OCO not trigger leaving the partially filled shares exposed and unprotected? Hi, In ThinkorSwim Mac I'm trying to create a 1st trgs 2 OCO order template where I can put in: A buy order using a $ amount (like $500) for quantity… Did you find 1st Triggers 2 OCO? Sounds like what you want - The first order in the Order Entry screen triggers two OCO orders. Contingent orders A contingent order triggers an equity order based on any one of 8 trigger values for the stock, or up to 40 selected indexes. on the mobile app yea i think you hit the option then go to trade spread and then to advanced order,,,there you'll see the trigger order on top and you can add orders to the OCO beneath it, you have to go and change the OCO orders from "To Open" to "To Close" by pressing on them and changing the setting, and yes it's "1st triggers OCO" and yea one OCO is a limit where you set your profit Whichever condition occurs first triggers the corresponding order and cancels the other. Then trigger a “bracket” order to sell your shares in two 100-share OCO orders. Entry Order/Stop-loss OCO Order : This OCO order sets a specific entry point for a trade, coupled with a stop-loss to cap potential losses. I use Thinkorswim, but similar concepts are available at other brokers I think. 2 brackets with 2 stops and 2 profit taking. It should be OCO (not 1st triggers OCO) and then you would enter two orders before clicking on the review or confirm and send. Ex. When the order is filled, it triggers an OCO for your profit stop and stop-loss. This is essentially a, "1st triggers 2 OCO" order, but after the 1st order has already triggered. Standard TOS is a directional OCO, e. Thanks in advance. limit buy below with stop buy above but he can be adjusted to buy above and sell below if desired. I would really want to go that route to be safe. 00 - 1Ba. This helps keep the trigger price fairly tight, but gets me out of the position efficiently at my targets. For instance if i already have 1st trigger OCO orders with 100 shares as it auto populates, but change my mind that i wanted to 1st trigger order from 100 shares to 1000 shares but the already created OCO orders dont reflect from 100 to 1000. I typically base the trigger on the price of the underlying. I'm not sure what a "1st trigger" bracket order is, but I use double bracket orders (orders with a separate sell target & Stop Loss as a default and have had good success with it. The First Triggers Two OCO order is similar in application to the other First Triggers order types. It may be used as the triggered order in a First Triggers so that when the first order fills, both OCO orders become working; when either of the latter is filled, the other is canceled. For the Trail Stop you'll want to disable the upper limit to let er run. Buy 10 XYZ LMT -$1. 1st order sells a vertical spread. For example, first buy 100 shares of stock. Sep 5, 2024 · I'm looking to set up a 1st Trigger OCO order in ThinkorSwim based on signals. You give up the ability to activate/deactivate an order using thinkscript in the Order Condition dialog (gear icon next to order). I have a ps5 controller connected to my pc and am playing on steam. One step below OCO is Trigger with Bracket. Stops get blown when you least need them to, it happens constantly while I trade, options are nightmarish with stops in the way they rarely trigger at a got fill if ever. To add a 1st Triggers OCO order in Active Trader, repeat all steps from Entering a First Triggers (above), but keep both orders from Step 2 enabled. When I'm using OCO brackets, I set the 1st trigger at a price away from what the price currently is but it still gets triggered and I can't figure out why. On mobile you can only do: OCO, 1st Trgs OCO, 1st Trgs Sequence, 1st Trgs All, and Blast All. Edit: it is under trading, conditionals, then bracketed in classic ETRADE and under exit plan in Power Its called a "1st triggers 2 OCO" . I suggest messing around with the paper money side of things and experiment with the different types of orders you can save, such as 1st triggers sequence of orders, and also look into the contingency portion of each order (accessed through the gear icon on the far right of the order). 00 - Total Trade Complete // -OCO- 1B. 1st triggers OCO order. With OCO, you can create both Stop and Limit profit-taking orders, but only one or the other will execute. Very easy to do on desktop but sometimes I'm on the go. 00 and you don't know if it will dip to $9. I was wondering if TOS has the ability to save an order template. The execution of the buy order triggers a One-Cancels-the-Other (OCO) order to sell. OCO orders work on stocks. If I use a 1st triggers OCO order to submit a buy order which triggers an OCO with sell limit and stop orders. When this order is entered I also want to submit an order that will trigger a buy order at an 85% loss and another at a 50% upside profit. Is there a broker platform that can do this or some program or app that can do it? Currently, my main app - thinkorswim mobile - only offers a 1st triggers OCO order and that is all ot can do. Is there a way to build "first triggers multiple OCO" orders using ToS Web? I know that on desktop you have predefined 2OCO/3OCO functions, but I am not sure if this can also be achieved with the WebApp. Meaning that if Order A is executed then Order B (and C) is cancelled. For example, buy X if price hits 100, then sell if price hits 95 OR price hits 110. So, I would like to create an order where a buy triggers an OCO, but one of the OCO orders is itself another OCO. 1st triggers all as well. Buy 10 XYZ @ Market - 1A. 00 GTC 2nd OCO order-- Limit sell 25 shares at $15. I want an OCO that one of one of the 2 orders triggers another one. I'd start with "1st Triggers 2 OCO". Thread starter mastermind07; Start date Jun 21, 2020; M. I have an existing position of 66 shares. There are five types: Contingent, Multi-Contingent, One-Triggers-the-Other (OTO), One-Cancels-the-Other (OCO), and One-Triggers-a-One-Cancels-the-Other (OTOCO). A conditional order allows you to set order triggers for stocks and options based on the price movement of stocks, indices, or options contracts. That will allow you to enter 3 orders: your entry order (the trigger) and then 2 orders in your OCO bracket: one for stop loss and one for take profit. Obviously this isn’t the automated approach you were asking for. One buy order can trigger 2 or 3 separate OCO brackets. 50 GTC, OR stop loss sell 25 shares at $9. 50 as a profit taking. 25. 20 but pay not more than $53. You mean 1st triggers 2 distinct OCOs? Like buy 1 T triggers -2T or +2T AND triggers -2TSLA or +2TSLA? I see 1st trig oco; oco; 1st trig seq; 1st trig all; blast all I'm trying to set a buy to trigger an OCO stop-loss and profit sell, but it won't let me place sells as triggered orders because I "don't have a position". I use Street Smart Central at Schwab to place contingent stop loss orders on spreads and strangles. Hello. I want the OCO to be either (a) BTC at a limit price or (b) BTC on a specified date at market +2%. - The first 3 lines are a simple 1st Triggers OCO. A limit sell order at your high price and stop limit sell order at your low price. Sell 20 XYZ LMT +$2. I want to set up a "1st Triggers All" to automatically execute a trade when SPX dips below certain value, but then to set up the triggered order to close the trade based on the market price the 1st order executed at. Is this possible on the app? I can setup OCO/conditional orders but not 1st triggers+OCO. You can still place OCO, 1st Triggers orders in TOS. I'd like to be able to place an 1st triggers OCO order which has another 1st triggers OCO order in it. I've been using TD AMeritrade's ThinkOrSwim for years now and just recently started learning IBKR's TWS. TOS lets you pick the trigger, which can be the bid, ask, mark, or last. Market order triggers TP and SL of 15% on every trade. But I don't want to manually add each order, every time. You can use this concept to get into a trade and then also place your exit order with an OCO 1st triggers all. When I purchase an option contract and if it hits my stop loss, it will trigger the stop loss, but if it goes above my target price it’ll trigger the sell. There's this feature called the BO (Bracket Order) which puts in 3 different limit orders at the exchange, one being your Entry Limit Price, other being your SL Limit Price & the last being your Target Limit Price. I can’t find a way to do nested OCO orders… you could enter with an OCO at the top&bottom of your range (2x limit orders), and then when one triggers put another OCO in to exit (limit & stop). Apr 14, 2021 · This is a 1st triggers OCO order type. I even literally copy their first trigger OCO order here in the link below and it doesn't work. But i mainly use ToS mobile to execute my trades as i find it easier. It should look like this. 1st your Entry Limit Order executesafter which of the remaining two, whichever price hits first, that order executes or the remaining one cancels out. Same thing with a STOP LIMIT order. Input 3 OCO orders, if either one filled, automatically cancel the remaining two OCO orders Input 5 OCO orders, if two of them filled, automatically cancel the remaining three OCO orders Would be great if I could do this since I'm usually sleeping when the market open (can not cancel the remaining orders manually). Entering a Branched OCO Orders After creating a working First Triggers OCO order, one or both halves of your OCO order can be edited and turned into additional OCO orders. I’m looking to place a buy order, that sells for a profit OCO buys more at a lower price, which would trigger a sell everything for a profit OCO stop loss. I would actually recommend a 1st Triggers OCO. I'm trying to buy an option at market price and then sell that option when its value goes up 2% or down 5%. Now you can drag the cursor up and down to the desired levels. You want to set advanced order type to 1st trgs OCO. Once the first trade is completed TWO OCO orders are then sent to the market. If OrderB is executed then OrderA will be cancelled and Order C will be triggered. I am just starting to explore this functionality, apologies for the new-user question. :/ good luck! 1st Trigger + OCO Stop Loss What I am wanting to do is have a Option purchased, and then when it reaches 30% profit, set a trailing stop 20%, the 30% profit (guarantee worst case scneario of 0-10% profit). There are 4 types: contingent, one-triggers-the-other (OTO), one-cancels-the-other (OCO), and one-triggers-a-one-cancels-the-other (OTOCO). One will trigger and automatically cancel the other. I'm using a 1st triggers OCO in my paper trading account, but I'm not sure it's set up correctly. Edit: formatting Hey all, New to thinkorswim, and just wondering if there’s a way to do what I’m thinking. In addition, is there a way to save such an order setup as a template for future trades? (on ToS Web, Desktop does have this functionality) This is what I am trying to do: OCO ---- Order 1: 1st trigger Sequence: -----sub-order 1: Sell half at X% profit -----sub-order 2: Sell other half at Y% profit As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I really wish TOS would allow some type of hot key to just sell half the shares instead of having to flatten out of the entire trade. Is this possible? Specifically, I'd like to create a template that when I click buy, it creates a sell limit order at +2% of entry price (my take-profit point), and a stop loss Sell 50 shares with an OCO of: 10% Limit (Profit) and Sell 100 shares with a 10% Trailing Stop (Stop Loss) IF the 50 shares sell at 10%, THEN Create Trailing Stop to 5% for the remaining 50. You might be able to use it to combine both the stop loss Scroll one place down to OCO. Does anyone know how to set up a stop loss based on the entry price of the first trigger OCO assuming the entry price was a market order? For example, I have a market order purchase of an option when the underlying hits a certain price. For example, I want to open a credit spread when SPX dips below 5200, at the market price. Thanks for reaching out. When the trigger order executes, the two bracket orders will be sent. If it doesn’t let you override the error, chat in to them within the thinkorswim platform. I'm confused about setting 1st triggers OCO orders in Papermoney. 00 but you want to pick it up if it does. Facebook Twitter Reddit WhatsApp Email Feb 24, 2021 · First Triggers Two One-Cancels-Other (1st Trgs 2 OCO) Order Type. 00 - but once you are there you want to have an exit setup - the OCO is then set for either $8. You place a 1st for buying at $9. Set the first limit order as a sell price, make sure it's set TIF as GTC (time in force as 'good till close'). 00 GTC, OR stop loss sell 25 shares at $9. I can place single naked orders but that's too dangerous for what I'm wanting to do. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. What is a common use of a One-Triggers-a One-Cancels-the-Other order? One-Triggers-a-One-Cancels-the-Other orders are commonly used to place a buy and corresponding sell orders (above and below the market) on the same security at the same time. xdksuewkxkihbtzddcxwossmommqacgyswppsyioarqpmkryq