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Straddling

  • #1
  • First Post: Aug 18, 2006 10:27am Aug 18, 2006 10:27am
Is there a method to place a straddle trade whereby once one side of the trade executes it cancels the other automatically without the broker offering a true OCO trading? I know there a few brokers that offer OCO trades but they both have to be either buy or sell not one being a buy and another being a sell.
  • #2
  • Aug 18, 2006 10:31am Aug 18, 2006 10:31am
try looking at the euro and usd/ chf. These are almost always exact opposites. Just buy both or sell both.
I dream, therefore I become.
  • #3
  • Aug 18, 2006 11:11am Aug 18, 2006 11:11am
Quoting PTOURNIS
Is there a method to place a straddle trade whereby once one side of the trade executes it cancels the other automatically without the broker offering a true OCO trading? I know there a few brokers that offer OCO trades but they both have to be either buy or sell not one being a buy and another being a sell.
Only a handful of brokers offer OCO orders.

However, if you can get your hands on an API, then I would suggest building the functionality yourself...you could do something like this, say, MetaTrader...but honestly, you'll find very few brokers have this functionality built in.
  • #4
  • Last Post: Aug 18, 2006 5:00pm Aug 18, 2006 5:00pm
Mg Forex offers a OCO that can be a buy on one side and a sell on the other side. Also, a stop or a limit can be connected to an If Done order for either buy or sell or OCO or Stop or limit or combinations of these...
Check out their demo and you can see if that meets your wishes.

Thanks Scott


Quoting PTOURNIS
Is there a method to place a straddle trade whereby once one side of the trade executes it cancels the other automatically without the broker offering a true OCO trading? I know there a few brokers that offer OCO trades but they both have to be either buy or sell not one being a buy and another being a sell.
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