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.
Buy 1 Sept DAX at Open + 10 on Stop OCO MOC (Market On Close).