4. One Cancels Other (OCO)
This most common linked order, OCO, stipulates that if one part of the order is executed, then the other part is automatically canceled. In FX trading, OCO often refers to a buy order and sell order linked together so that when one of the orders is executed, the other is canceled. Consider the OCO as follows: the trader protects an existing position from loss (stop order) and ensures that profits are taken (limit order).
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