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If you place a limit-on-close order at market open or during the trading day, the order will not be executed until market close. If the order is placed after hours, at midnight, or any time when the markets are closed, the order will be executed at the close of the following trading day.Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.
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An order to buy or sell a security that if not immediately filled, will be canceled. An IOC order is one of several "duration orders" that investors and traders can use to specify how long the order will remain active in the market and under what conditions the order will be canceled.
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