You are here: Order Types > Advanced Order Types > One Cancels Other

One Cancels Other

Attach dependent orders to a parent order and specify the order action when one group members fills.

1.  Click "One Cancels Other" to expand the panel.

2.  Change the order side if necessary. By default, the order side is the same as that of the original order.

3.  Click "Contract" and enter the underlying.

4.  Specify the order type, quantity, price and time in force.

5.  To add more orders to the group, click +Add Order and follow steps 2 - 4 above.

6.  If an order completely fills, other orders in the group are canceled. The On Fill: box instructs TWS what to do if an order in the group is partially filled. Use the drop down selector to choose the action:

  1. Reduce other orders: Reduces the quantity of other orders in the group by the partially filled quantity of the order.
  2. Reduce other orders, overfill protection: Reduces quantity of other orders in the in the group by the partially filled quantity of the order, and specifies that only one order at a time will be submitted to avoid multiple orders filling (overfill).
  3. Cancel other orders: All orders in the group will be canceled.