Order Cancels Order (OCO) in Metatrader

[jdmc45]

Hi,

Is it possible to execute Order Cancels Order orders in Metatrader? Or is there a way to effectively do this? Any help would be appreciated.

Cheers,

James

 

[wackypete2]

I don't believe you can do it on the platform. You can use an expert advisor. You can place both orders and the EA will cancel one if the other fills.

Peter

 

[jdmc45]

Thanks for your reply wackypete2. I have found an EA that does this, I am interested in an EA that where for example, I have a buy limit above the current price and a sell limit below the currrent. Say the buy limit gets hit, I don't want the sell limit to get cancelled now, but if the price then declines after I have gone long and the sell limit is still in place to use as a stop. Then if the price hits this, then the order cancels. Have you come across an EA/indicator like this? Of course it can be done manually but an EA would be very handy!

Cheers

 

[wackypete2]

ok, you need something to cancel the sell limit if the long is filled, then modify the long to have a stop loss that is the same as the cancelled order?

You should be able to modify an existing ea to do this.

Peter