Place If-Done-OCO order
Orders (Mobile & tablet)
Orders (Mobile & tablet)
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Here we'll look over the steps on how to place an If-Done-OCO order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. If-Done-OCO order stands for "If Done, One Cancel the Other". It is used when placing new limit/stop/stop-limit orders. With an If-Done-OCO order, you place orders to secure profits or cut losses. Once the profit or the loss cut has been confirmed, the other order will be automatically canceled.
Related article: Open the new order screen
iPhone
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Select the order type.
Step 4
Set the trade size in lots.
Step 5
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 6
Set the stop-loss (S/L) and take-profit (T/P) values.
Step 7
Set the expiration type as necessary.
Step 8
Tap "Place".
Step 9
Your order has been placed if you see the success message.
Step 10
The screen switches to the "Trade" tab with the new order details.
Android
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit) or stop orders (Buy Stop, Sell Stop).
Step 4
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 5
Set the stop-loss (S/L) or take-profit (T/P) values, and adjust the expiration as needed.
Step 6
Tap "Place".
Step 7
Your order has been placed if you see the success message.
Step 8
The screen switches to the "Trade" tab with the new order details.
iPad
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit) or stop orders (Buy Stop, Sell Stop).
Step 4
Set the trade size in lots.
Step 5
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 6
Set the stop-loss (S/L) and take-profit (T/P) values.
Step 7
Set the expiration type as necessary.
Step 8
Tap "Place".
Step 9
Your order has been placed if you see the success message.
Step 10
The order details will be added to the toolbox.
Android tablet
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit) or stop orders (Buy Stop, Sell Stop).
Step 4
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 5
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 6
Set the expiration type as necessary.
Step 7
Tap "Place".
Step 8
Your order has been placed if you see the success message.
Step 9
The IFO order details will be added to the "Trade" tab in the toolbox.
iPhone
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit), stop orders (Buy Stop, Sell Stop), or stop-limit orders (Buy Stop Limit, Sell Stop Limit).
Step 4
Set the trade size in lots.
Step 5
Set the limit/stop price.
Step 6
To place a stop-limit order, set the trigger and stop-limit prices.
Step 7
Set the stop-loss (S/L) and take-profit (T/P) values.
Step 8
Set the expiration type as necessary.
Step 9
Tap "Place".
Step 10
Your order has been placed if you see the success message.
Step 11
The screen switches to the "Trade" tab and the order details will be added as a pending order.
Android
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit), stop orders (Buy Stop, Sell Stop), or stop-limit orders (Buy Stop Limit, Sell Stop Limit).
Step 4
Set the trade size in lots.
Step 5
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 6
To place a stop-limit order, set the stop limit price.
Step 7
Set the stop-loss (S/L) and take-profit (T/P) values.
Step 8
Set the expiration type as necessary.
Step 9
Tap "PLACE".
Step 10
Your order has been placed if you see the success message.
Step 11
The screen switches to the "Trade" tab and the order details will be added as a pending order.
iPad
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit), stop orders (Buy Stop, Sell Stop), or stop-limit orders (Buy Stop Limit, Sell Stop Limit).
Step 4
Set the trade size in lots.
Step 5
Set the limit/stop price.
Step 6
To place a stop-limit order, set the trigger and stop-limit prices.
Step 7
Set the stop-loss (S/L) and take-profit (T/P) values.
Step 8
Set the expiration type as necessary.
Step 9
Tap "Place".
Step 10
Your order has been placed if you see the success message.
Step 11
Tap "Trade" in the lower menu.
Step 12
The pending order will be added to the toolbox of the "Trade" tab.
Android tablet
*Scroll horizontally to see more*Swipe horizontally to see more
Step 1
Make sure that the symbol you wish to order is on the new order screen.
Step 2
Tap "Market Execution" or "Instant Execution" to open the drop-down menu of available order types.
Step 3
Choose an order type from limit orders (Buy Limit, Sell Limit), stop orders (Buy Stop, Sell Stop), or stop-limit orders (Buy Stop Limit, Sell Stop Limit).
Step 4
Set the trade size in lots.
Step 5
Set the stop-loss (S/L) or take-profit (T/P) values.
Step 6
To place a stop-limit order, set the trigger and stop limit prices.
Step 7
Set the stop-loss (S/L) and take-profit (T/P) values.
Step 8
Set the expiration type as necessary.
Step 9
Tap "PLACE".
Step 10
Your order has been placed if you see the success message.
Step 11
The order details will be added to the toolbox.
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