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How to Create OCO Breakout Orders or Turn Off Hedging

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Michael47x

Customer, bbp_participant, community, sq-ultimate, 60 replies.

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3 years ago #261773

How do I create OCO, One Cancels Other orders as a way not to activate Hedged orders or better yet flip a switch not to allow hedged orders.
I like the idea of setting up pending breakout orders but once one side or the other is activated (the breakout) the other pending order is cancelled.

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tomas262

Administrator, sq-ultimate, 2 replies.

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3 years ago #261778

Hello,

check the attached example on OCO pending orders

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hankeys

Customer, bbp_participant, community, sq-ultimate, 487 replies.

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3 years ago #261784

deleting OCO pending order only ON BAR?

because it could happen that the opposite pending order should be triggered on 1 candle

shouldnt be ON TICK?

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tomas262

Administrator, sq-ultimate, 2 replies.

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3 years ago #261789

You are right. It is a much better option to cancel with “on tick” regime. Made a modified example attached

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Michael47x

Customer, bbp_participant, community, sq-ultimate, 60 replies.

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3 years ago #262001

Thanks guys.

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