Trading GuideOTO — One-Triggers-Other
Step 1 /10
What OTO is
OTO ("one triggers the other") is for when you do NOT have a position yet and want to set everything up in advance. Your entry order (the buy) fills first, and only then do the exits you defined — take-profit and stop-loss — switch on. Difference from OCO: there you simply attach exits to something you already bought. Difference from Bracket: in Bracket the two exits are linked as an OCO pair (one cancels the other), while in a plain OTO they work independently.
Linked order — step 1: choose type
OCO
Take-profit + stop-loss for the bought asset
OTO
Entry first, then exits
Bracket
Entry + OCO exit pair