OCO (One Cancels the Other) definition
A stop-loss order and a limit order linked to a specific position. One order, the stop, is to prevent additional loss on the position, and one order, the limit, is to take profit on the position. When either order is executed, closing the position, the other is automatically cancelled.
Related words
Overnight Trading ・ One Cancels the Other ・ Open order ・ Open Position ・ Options ・ Order
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