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OCO orders

Discussion in 'Beginners Bootcamp' started by TenPercenter, Dec 31, 2009.

  1. TenPercenter

    TenPercenter Recruit

    Dec 9, 2009
    Likes Received:
    Where can I place OCO orders? I naively thought that it would be common place only to find that there are some new regulations or something. What is the deal?

    I have found that there are some EA's...some expensive ones and a free one. Do they work in metatrader 4? Do the brokers allow the use of EA's?

    Is there a way around it?

    thanks....any help would be great thanks

  2. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
    Likes Received:
    Not all platforms support OCO orders. You could probably find a script to do them in MT4.

    EAs by definition are designed for MT4 (and soon, for MT5).

    Most brokers allow them. Some brokers restrict certain ones. Some brokers charge extra fees to use them. Check the rules BEFORE opening an account. Don't settle for live chat. Get any broker you are considering using an EA with to email you with a clear answer to their rules and a link to any restrictions listed on their website.

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