2-9b3. New Stop Order + New Stop Loss Order

new stop orderThe trend frequently accelerates in the direction of the break when the market breaks the flat.

It is now a range market, and you have no idea which way it will go in the future; but, if you wish to follow the broken direction after the range has been broken, it is handy to issue a new buy stop order and a new sell stop order at the same time using an OCO order.

If you place a combination of a new buy stop order and a new sell stop order in an OCO order, you can have a position in the direction of following the market trend at an early stage when a new flow will form in the broken market and gain momentum, regardless of which way you break the range market and start moving.