OCO order - One Cancels the Other

OCO order trading: Below is a list of advanced price action functions that enable Order box for order execution. In this section, you see which function cancel other functions when activated. This will prevent multiple entries and give you opportunity to activate multiple price action functions at same time for one Order box. We call this OCO trading or OCO order (One Cancels Other trading). One setup cancels another like OCO orders for advanced trading approaches( mt4 oco orders, oco order mt5, oco ea mt4 ).
All this mt4 mt5 price action EA functions are integrated into Order management tool

List of automated trading strategies:


  • Liquidity trading strategy

    LQ Execute function is triggered then next functions are canceled:
    Reversal BO, Sell 2nd top/Buy 2nd bottom, Delete/Fresh, Pullback entry >> Details

  • Double top/bottom entry and Fakeout trading

    Sell 2nd top or Buy 2nd bottom is triggered then next functions are canceled:
    Reversal BO, ON line, OFF line, Delete/Fresh, Pullback entry >> Details

  • Sell/Buy ON line

    Sell/Buy ON line is triggered then next functions are canceled:
    Reversal BO, Sell 2nd top/Buy 2nd bottom, Delete/Fresh, Pullback entry >> Details

  • Reversal BO

    Reversal BO (reversal breakout trading) function is triggered then next functions are canceled:
    ON line, Sell 2nd top/Buy 2nd bottom, Delete/Fresh, Pullback entry >> Details

  • Surrender

    Surrender (stop loss to breakeven or lock in small profit) function is triggered then next functions are canceled:
    Reversal BO, Sell 2nd top/Buy 2nd bottom, H&S Execute, ON line, Pullback entry >> Details

  • Quasimodo trading

    H&S Execute function is triggered then next functions are canceled:
    Reversal BO, Sell 2nd top/Buy 2nd bottom, Delete/Fresh, Resell/Rebuy, Alert, Surrender, Breakout, Liquidity, Pullback entry >> Details

  • Pullback entry order

    Pullback entry function (limit pullback order) is triggered then next functions are canceled:
    Reversal BO, Sell 2nd top/Buy 2nd bottom, ON line, H&S Execute >> Details

  • Retracement trading

    Remove delete line is touched then Delete box line is removed. See how combination of 3 functions are used to create automated pullback trading strategy. Change of Character (ChoCh trading). Also work as BOS trading (break of structure) >> Details


OCO order in MetaTrader 4/5

On picture below, we can see when Reversal BO function is executed, then 2 functions buy ON and Buy 2nd bottom are disabled/removed/canceled. This way, we can use multiple functions and ensure that positions will open only once (first triggered function will cancel other functions). This is the simple concept of mt4 mt5 OCO order trading tool.
You can study trading order types to take advantage on the market.

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OTO order - One Triggers the Other

Idea is that One function triggers other (OTO order trading). One Triggers Other (OTO) enable trader to have advanced price action trading approach that increase win ratio. Such automated trading strategy give more freedom to price action trading strategy.
Here we have 2 advanced trading order types connected with Liquidity trading strategy:

  • Liquidity + Reversal BO

    Liquidity trading detection will create advanced trading order called Reversal breakout order

  • Liquidity + Pullback entry

    Liquidity trading detection will create advanced trading order called Pullback entry order

  • Liquidity + Sell ON / Buy ON

    When Liquidity will be detected then Order box will be activated. When price will touch Order box then positions will be opened

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I hope you like OCO orders mt4 and OTO orders mt4. We are working very hard to make Trading box Order management tool useful for professional traders. Our goal is to automate trading and take emotions out of trading equation. MT5 OCO order is very popular among institutional trader for entering forex market at best price. MT5 OTO order gives forex trader additional trading advantage in the market.