if done order
An order that only becomes active when a related order has been executed. For example, using an if done order allows forex traders to specify in advance the subsequent action to be taken - such as entering stop loss, take profit or OCO orders - if a limit order establishing a position is executed. Also called a contingent order.
Browse by Subjects
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):