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Two OCO limit orders in same direction - is this possible?

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    Two OCO limit orders in same direction - is this possible?

    Using a managed order approach compatible with both NT 6.5 and 7 is it possible to place two OCO limit orders in the same direction (not one long, one short bracket orders) please?

    For example, I want to place a EnterLongLimit on a retrace to the MA20 and another just above resistance in the same OCO group with one being cancelled if the other is filled.

    I know I can do this with unmanaged orders, but I don't know if the internal order management rules prevents this with a managed orders.

    Thanks
    Chris

    #2
    Chris, those scale in's would not get trapped in the managed approach handling rules, you would just have to ensure the EntriesPerDirection would be high enough to allow it to happen -

    Comment


      #3
      Hi Betrand

      This is not scaling in, but having two points of order entry, of which only one would be filled and the other cancelled as a part of an OCO group. There would only be one entry per direction.

      Does your answer still apply to this scenario?

      Comment


        #4
        Yes, the key point is not attempting to work orders in the opposite direction while Exits, Sets or new orders are working.

        Comment


          #5
          OK - thanks very much, Betrand

          Chris

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