I am just testing using OCO on GES. I bought 10 contracts for 45 PUT OPTION on virtual trading at interactive brokers. I bought my put option at $3.40 and I did an OCO which is i) Take profit when it reaches $5 ii) Stop loss when it reaches $2.80 When either one is trigger, be it take profit or stop loss, the other one will be automatically cancel. I just wanna check if my OCO is being set up correctly before I use it on my LIVE account. Please advise. Thank you.
Seems ok, but you can use 'attach bracket' when you create your entry order, this saves a bit of time and is less error prone.
Hi thank you for your input. So I managed to set up my OCO correctly right? But I don't understand 'attach bracket'. ummm......Think should be ok if my OCO works heee....and I don't need to be infront of the computer the whole morning to noon.