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OCO order (one cancels the other)

In one line: Two linked orders: when one fills, the other is cancelled.

Typical use: a stop-lossA stop order used to limit a loss. and a take-profit around one trade. Whichever is hit first closes the trade, and the other order disappears.

The CFTCThe US regulator for futures and derivatives. glossary lists One Cancels the Other as a standard order type.

Related

Sources & studies

  1. Investopedia (secondary): One-cancels-the-other (OCO) order
  2. CFTC Glossary

Order typesTake-profit orderStop-loss

Last checked: 2026-11-04 · Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.