Alpaca Introduces OCO and OTO Orders

Alpaca Trading API now offers OCO (One-Cancels-Other) and OTO (One-Triggers-Other) advanced order types.

OCO orders allow selling a position at a profit or cutting losses automatically, using specified 'take_profit' and 'stop_loss' parameters.

OTO orders enable buying a stock at market price and automatically placing a stop loss order on that newly acquired position.

These order types rely on specific conditions being met and are not executed immediately, posing a risk of delays or failures due to system outages or other issues.

Alpaca Securities is not liable for losses incurred due to system issues, market data problems, or user error when using these conditional orders.