Your version of Internet Explorer is no longer supported and may not display all the features of our website. For the best experience, please update your browser with the latest version. A one-cancels-the-other OCO order allows two orders typically a stop-on-quote order and a limit order to be placed at the same time. When either the stop or limit level is reached and the order is executed, the other order is automatically canceled.

A one-cancels-all OCA order is an advanced order that consists of three orders.

If one order is filled, the other orders are canceled. This type of order can be used if you want to invest a certain dollar amount in one company but have several candidates to choose from.

In the Build Order area, type your selections in the available boxes or click a selection from the available lists Symbol, Security Type, Quantity, Order Type, Limit Price, Stop Price, Trail Type, Duration. A conditional order is a type of advanced order that is submitted based on criteria you define when entering the order, such as volume, percent change, intraday change, or whether the bid or ask hits a certain limit.

For example, you can set up an order that would buy shares of a stock if it hits its week high.

Conditional orders are available for stocks, ETFs, and options; however, the conditions available for option orders are limited to bid and ask. Conditional orders can only be placed in the regular market session and only last for the duration of the regular market session.

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Open A New Account. Text Resize RSS Print. To place an OCO order: On the Main Menu, point to Account, and then click Place Trade. The Advanced Orders window appears. From the Order list, select One Cancels Other OCO. Click anywhere in the Order 1 box to enter the order you typed in the Build Order area. To add a second order, click the Order 2 box or click Build Next Order. In the Order 2 box, type the order information for the second order.

To place the advanced order, click Place Order. One-Cancels-All Order OCA A one-cancels-all OCA order is an advanced order that consists of three orders. To place an OCA order: On the Main Menu, point to Account , and then click Place Trade. From the Order list, select One Cancels All OCA. Conditional Order CO A conditional order is a type of advanced order that is submitted based on criteria you define when entering the order, such as volume, percent change, intraday change, or whether the bid or ask hits a certain limit.

The table below describes the conditional order fields: Field Description Symbol Type the stock symbol.

Trigger Select the event action that initiates the condition. Condition Select the comparison for the triggering event. Amount Type the dollar amount or percentage for meeting the condition. Expiration Select the date when the condition expires.

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Time Select the time when the condition expires. To place a conditional order: On the Main Menu, select, point to Account , and then click Place Order. From the Advanced Order Type list, select Conditional.

From the Place This Order area, under If the following event occurs, click Add Another Condition , and complete the second condition for the order. The condition area expands to show the second condition you create. Call Us At Unauthorized access is prohibited.