Market Insights

Placing and Managing Trades Directly from the Chart 

TradeStation’s chart trading feature lets you interact directly with the market by placing and managing orders right from your chart window. Once enabled, you can place single or multi-leg orders by clicking the relevant buttons or directly on the chart. Orders can be moved to new price levels by dragging the order line while the interface supports editing or canceling orders with a right-click. Additionally, the order bar displays key details such as quantity and duration, helping you confirm your order before placement. This feature is designed to streamline the trading process and provide context by letting you see your orders alongside your analysis and market data.

Using OCO Orders for Risk Management 

OCO (One-Cancels-The-Other) orders allow you to group two or more parallel orders so that if one order is filled, the others are automatically canceled. For example, you might set a profit-taking limit order and a stop-loss order for the same position; if the profit target is reached and filled, the stop-loss order is canceled, and vice versa. This approach is especially useful for managing exits, as it ensures you don’t accidentally exit a position twice or leave an order active after your position has closed. OCO orders can be created and managed directly from the chart, providing a practical way to automate risk controls and reduce manual intervention. 

Customizing and Extending Order Strategies 

TradeStation supports advanced order setups, including custom OCO and OSO (Order-Sends-Order) combinations, which can be configured to manage multiple symbols or complex exit strategies. There is no limit to the number of parallel orders in an OCO group, allowing for flexible position management across various price targets or risk levels. These tools are accessible via the order bar or chart interface and can be further customized through the platform’s settings, letting you adapt your workflow to your trading style. By integrating these features with TradeStation’s charting and analysis tools, traders can visualize, adjust, and automate their strategies in real time.   

Get to know the TradeStation platform in greater detail by exploring the our QuickStart series.   

ID9041005772 D052025 P7210171497  

Disclosures:

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience.  See www.TradeStation.com/DisclosureOptions. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options.  

Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin.  

This content is for educational and informational purposes only. Any symbols, financial instruments, or trading strategies discussed are for demonstration purposes only and are not research or recommendations. TradeStation companies do not provide legal, tax, or investment advice.