HOW TO SET OCO ORDER (RR 1:2), REAL EXAMPLE WITH $COW
Many traders lose money not because of bad entries, but because they don’t control exits.
OCO (One-Cancels-the-Other) solves this.
Let’s use $COW/USDT as a simple example 👇
1️⃣ Decide Your Entry
Assume you BUY $COW at 0.2192
This is your base price.
2️⃣ Define Your Risk (Stop Loss)
Risk must be small and clear.
Example:
Stop Loss: 0.2160
Risk ≈ -1.5%
This is the price where you admit the setup is wrong.
3️⃣ Set Take Profit (RR 1:2)
Risk : Reward = 1 : 2
If risk ≈ 0.0032
Then reward ≈ 0.0064
Take Profit: 0.2256
4️⃣ How to Set OCO on Binance
Go to Sell → OCO
Fill in:
Price (TP): 0.2256
Stop: 0.2160
Stop Limit: 0.2155 (slightly below stop)
👉 If price hits TP → profit taken
👉 If price hits SL → loss cut
👉 One executes, the other cancels automatically
5️⃣ Why OCO Matters
No panic selling
No greedy holding
No staring at charts all day
You trade with rules, not emotions
📌 Remember Entry is important.
But exit decides survival.
If you trade without OCO or SL,
you’re not trading,you’re hoping.
Save this.
Trade smarter, not harder.
