One Cancels Another
Use the One Cancels Another section of the order ticket to place multiple and possibly unrelated orders assigned to a group. The aim is to complete just one of the orders, which in turn will cause TWS to cancel the remaining orders. To place a One Cancels Another order, please take the steps outlined below.
Instructions
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From the Order Ticket, scroll down and select One-Cancels-Another
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Select Add Buy Order or Add Sell Order
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Enter the Symbol in the search box and select the type of asset.
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The new asset will apply to this trade. Enter the Quantity and select Preview.
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A preview of the order will populate on your screen. Press Done.
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The One Cancels Another order summary will appear on your screen. Press Done.
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You will be navigated back to the order ticket where you can Slide to Submit Buy order.
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The order has been placed.
Additional Resources
Learn About Trading in the IBKR iPhone Interface at IBKR Campus