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ToS Trade with OCO and Stops


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ToS Trade with OCO and Stops

  #1 (permalink)
NewbieOver60
Brampton
 
Posts: 6 since Jan 2020
Thanks Given: 2
Thanks Received: 2

Hi

Despite reading all the related material on Internet and ToS, I am having trouble understanding and executing
orders on ToS.

Basically I want to execute a long position. So I enter a Buy order for for 254.40 with OCO so that there is stop limit
order for 212.23 (to cut my losses if the stock goes down. I add a trailing stop with -4 to keep my profits

However I discovered both the sells were done and I ended with a short. I thought OCO would cancel the the stop limit

What did I do wrong and what should I have done?







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  #2 (permalink)
 tr8er 
Europe
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If you enter an OCO-order after you are in a position, 1 part is a stop-loss and the other part is the take-profit.

If you enter an extra trailing stop (of course this isn't part of the OCO), you have the stop twice and if both are filled, of course you are short.

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  #3 (permalink)
NewbieOver60
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tr8er View Post
If you enter an OCO-order after you are in a position, 1 part is a stop-loss and the other part is the take-profit.

If you enter an extra trailing stop (of course this isn't part of the OCO), you have the stop twice and if both are filled, of course you are short.

Hi Tr8er

Thanks for your response but the buys order is triggering the two sales so I did not order OCO.

Thanks ... Ratilal

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  #4 (permalink)
 futs 
Clearwater FL US
 
Experience: Beginner
Platform: Etrade, Tradovate and TOS
Trading: SPX, /ES, /MES, Options
Posts: 35 since Jan 2019
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Look at your Trailing Stop by the TR, there is no link or chain signifying that its an OCO link. Also, from the looks of your side scroll bar you might have another order in there. Mine doesn't leave a gap like that unless there is another order not displayed.

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  #5 (permalink)
NewbieOver60
Brampton
 
Posts: 6 since Jan 2020
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futs View Post
Look at your Trailing Stop by the TR, there is no link or chain signifying that its an OCO link. Also, from the looks of your side scroll bar you might have another order in there. Mine doesn't leave a gap like that unless there is another order not displayed.

Hi Futs

Thanks for your response. If you look at the second image, you will see OCO's on the trade. Later on I talked to TOS and he could not explain it and said it may be a bug on the paper-trade version.

Thanks ... NO60

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  #6 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
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Use OCO on the DOM so you can visually see what you're actually doing. Then it might make more sense.

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  #7 (permalink)
NewbieOver60
Brampton
 
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Massive l View Post
Use OCO on the DOM so you can visually see what you're actually doing. Then it might make more sense.

Hi Massive

Never knew about DOM. Now I have looked at it and find it as a great tool

Thanks ... NO60

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  #8 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
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Posts: 2,129 since Mar 2011
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NewbieOver60 View Post
Hi Massive

Never knew about DOM. Now I have looked at it and find it as a great tool

Thanks ... NO60

You're welcome!

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