00:00Yes, virtually every trading platform and broker lets you set both a stop-loss and a
00:05take-profit order simultaneously on the same position.
00:08This is standard practice known as an OCO, one cancels the other, bracket order, where
00:13triggering one automatically cancels the other.
00:161.
00:17MetaTrader 4-5.
00:19Both SL and TP fields appear directly on the order ticket.
00:23Execution typically completes in under 100 milliseconds on ECN accounts.
00:27Though re-quotes can occur during high volatility, e.g., NFP releases.
00:332.
00:33Interactive Brokers Slash TD Ameritrade, Thinkorswim, offer native bracket orders with three-leg
00:40structures, Entry Plus SL Plus TP, useful for equities and options where slippage control
00:46matters more.
00:473.
00:48Binance Slash Major Crypto Exchanges, support OCO orders on spot markets.
00:52But futures slash perpetual contracts often require setting SL and TP as separate conditional
00:59orders rather than a true linked bracket.
01:01Check your exchange's specific implementation, as this varies, and I don't have confirmed
01:06uniform data across all platforms as of now.
01:094.
01:10Ctrader, allows both absolute price and pip distance inputs for SL slash TP, with guaranteed
01:16stop loss as a paid add-on on some brokers, typically 0.3 to 1 pip premium.
01:22Context changes the answer.
01:24For scalpers trading on one-minute charts, tight SL slash TP brackets, 5 to 15 pips, are
01:31common.
01:31For swing traders holding days, wider brackets, 50-plus pips, reduce premature stopouts from
01:38normal volatility.
01:38Institutional slash high-volume traders sometimes avoid visible SL orders on illiquid instruments
01:45to prevent stop-hunting, using mental stops or algorithmic execution instead.
01:50This doesn't apply to retail forex slash crypto on major pairs.
01:55Practical Takeaway
01:56Enable both orders at trade entry rather than after, verify whether your broker treats them
02:02as a true OCO pair, check order confirmation details, and adjust the SL slash TP distance
02:08to match your holding period and the instrument's average volatility rather than using a fixed
02:13number across all trades.
02:15Finally, remember that everything we discussed today is for educational purposes only and does
02:20not constitute financial advice.
02:23Good luck to everyone, and see you in the next video.
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