A type of order that includes two orders, one of which cancels the other when filled. Also referred to as order-cancels-order or one-cancels-other.
One Cancels Other – Two or more trades placed with a broker where one trade cancels the other(s) if it is executed. The most common example would be a limit order with a stop loss, where a trader would set a price objective for selling above the current market price but also specify a floor price below which he or she is no longer willing to continue to lose money. In the event that either trade is made, the other trade is automatically canceled so the trader doesn't accidentally sell twice the intended volume.
"One Cancels Other" - A combination of a 'Stop Loss' order and a 'Take Profit' order. When one of these two orders is executed, the other order is automatically cancelled.
A Double limit order for purchase or selling of the definite tool at the specified prices. After execution or cancellation of one order the other one is cancelled automatically. As a rule, this type of orders is used for simultaneous placement of Stop-Loss and Take-Profit after the position is opened.
'One Cancels Other' a market term where you have two orders, one above and one below, the current market price and where the first to be executed automatically cancels the other.
One Cancels Other. Two linked orders where, if one is filled, the other is automatically cancelled.
Two orders that are specified for the same market and when either is executed, it cancels the other.
Combination of both a stop loss and profit taking (limit) order on a position. The execution of one order automatically results in the cancellation of the other.
One Cancels Other. A qualifier used when multiple orders are entered and the execution of one order cancels a second or alternate order.
One cancels the other - This order is know as a qualified order as there are two partsto the order. The trader will normally have two orders in the market at the same time. If one order is filled then the other is canceled.
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.
Where the execution of one order automatically cancels a previous order.
See One Cancels the Other Order.