a stop order to buy 80 semplice metodo forex pips above and the market and a stop order to sell 80 pips below the market. You may find that OCO orders dovetail more conveniently with certain strategies than others; the best way to discover what really works best for you is to give it. As the name suggests, if either of the two orders is executed, it automatically cancels the remaining order. Once you have done that, you will be able to see all the additional indicators and EAs in MT4's. In other words, trying to place the entry price for your limit orders at resistance levels and hoping the price will rebound from these points. Of course, if you do want to brush up on basic orders, why not take a look at our. If the market trends down, you will sell into a falling market.

I have also this time chosen to add a stop-loss and a take-profit to my position if executed, both being 50 pips from my entry price. The good news is that our Demo Trading Account is the perfect, risk-free environment to familiarise yourself with how OCO orders work and to try your ideas out. This differs from plain vanilla stop or limit orders which are discrete instructions to buy or sell the market if certain price conditions are met. This order management ensures only one of the orders is ever executed. MetaTrader 4 Supreme Edition (MT4SE) is so handy. Which one suits you best will depends on you Forex OCO strategy of preference. Conversely, if the market falls 50 pips, the stop order to sell will be executed and the buy stop will be cancelled. Expert Advisor (EA) in order to add the functionality to the platform. If the market instead falls 60 pips, my buy limit will be executed and my sell limit cancelled.