With a One Triggers Other order, you can enter an initial order for a stock, ETF or option, and simultaneously place a second order that’s contingent upon the fill of the first order. That is, with One Triggers Other you are actually placing two orders at once. The first is sent to the market immediately, the second is sent to the market only when the first one is filled.
One Trigger Other orders let you fine-tune your trade’s entry or exit strategy to execute your plan when your specific targets have been reached. It’s a great way to “trade your plan” with discipline, while enjoying the convenience of automated trade entry.