📌 What is an OCO order?
OCO = One Cancels the Other
A smart order lets you:
Take Profit is determined
And stop loss at the same time
And as soon as one is executed... the other is automatically canceled.
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🔢 Image explanation number by number:
① Trading Pair (BANK/USDT)
Make sure you are on the right pair before any order.
② Select 'Buy'
OCO order is often used after a purchase or to secure a trade.
③ Order Type: OCO
This is the basis — two orders linked together.
④ Take Profit Price
The price you want to sell at if the market goes up.
⑤ Activate Stop Loss
Activate protection in case of a drop.
⑥ Stop Loss Price (Stop Price)
The price at which the order is triggered.
⑦ Amount of Currency (BANK)
The amount that will enter the order.
⑧ Total (USDT)
Confirm the final value.
⑨ Execute Order
With one click: either profit… or calculated loss.
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🎯 Summary
OCO = Peace of Mind
Reduces mistakes
Prevents emotional decisions
Ideal for people who are not in front of the screen all the time
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📘Previous Lesson: Market Buy — (Link)
📘 Next Lesson: Trailing Stop — Coming Soon
