Translation required - trade instructions - Aussie Stock Forums

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  1. #1
    Learner WaySolid's Avatar
    Join Date
    Jul 2004
    Europe & Gold Coast

    Default Translation required - trade instructions

    Can anyone translate the following for me? And what exactly is OCO? The risk from the following DAX trade is 20 points, but I'm still struggling with the finer details.

    IF the Sept DAX opens at 3836.5, or higher, than;
    Sell 1 Sept DAX at Open - 10 on Stop.
    IF DONE,
    Buy 1 Sept DAX at Open + 10 on Stop OCO MOC (Market On Close).


  2. #2
    stefan's Avatar
    Join Date
    Jun 2004

    Default Re: Translation required. Trade instructions

    OCO: One cancels the other order.

    It means something like that:

    An order stipulating that if one part of the order is executed, then the other part is automatically canceled.

    I suggest you check this link which I find most interesting:


    Happy trading


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