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The Hidden Features Series in Binance | Episode 2: OCO Orders - The Secret Weapon of the Smart Trader
OCO Orders - One Cancels the Other
Have you ever wished to place two trading orders at the same time without having to stay glued to the screen?
Binance offers you the solution:
OCO Order = Two Conditional Orders: If one is triggered, the other is automatically canceled.
How does it work?
Sets a Take Profit Order.
Sets a Stop Loss Order.
The system monitors the market: Once one of the orders is executed, the other is automatically canceled.
Have you ever wished to place two trading orders at the same time without having to stay glued to the screen?
Binance offers you the solution:
OCO Order = Two Conditional Orders: If one is triggered, the other is automatically canceled.
How does it work?
Sets a Take Profit Order.
Sets a Stop Loss Order.
The system monitors the market: Once one of the orders is executed, the other is automatically canceled.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.