Can a place an OCO order for a buy stop and sell stop to open ?
I want to be able to place an OCO order to buy on stop above the market or sell on stop below the market. For example, if the market is trading at 50 I want to buy if it goes up to 60 or sell if it goes down to 40. Both orders are opening trades and if one gets done the other gets cancelled. TT doesn't appear to offer this as their OCO orders are only two orders on the same side, ie a buy stop above or a buy limit below.
Hello @matthewpiggin. You may set stops above and below the market and then connect to the two orders as a TT OCO OMA. https://library.tradingtechnologies.com/trade/tto-oco-oma.html
Yes thank you the response. However, we also need have stops and limits attached to the stop opening orders as well. TT have told me we need to build an Algo using the ADL (Algo Design Lab) software and have TT Pro to be able to do this.
