what is an oco order binance

what is an oco order binance?

Intermediate. A “One Cancels the Other” (OCO) order consists of a pair of orders that are created concurrently, but it is only possible for one of them to be executed. This means that as soon as one of the orders get fully or partially filled, the other one will be automatically canceled.

Accordingly,What is the meaning of OCO in Binance?

One-Cancels-the-OtherAn One-Cancels-the-Other (OCO) order combines two market orders, where if the limit order is fully or partially fulfilled, or the stop limit order is triggered, the other is canceled. An OCO order on Binance consists of a stop-limit order and a limit order with the same order quantity.

Additionally,What is an OCO order?

A one-cancels-the-other (OCO) order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. An OCO order often combines a stop order with a limit order on an automated trading platform.

Thereof,How do you use OCO Binance orders?

How to use OCO orders? After logging in to your Binance account, go to the Basic Exchange interface and find the trading area as illustrated below. Click on “Stop-limit order” to open a dropdown menu and select “OCO.” On Binance, OCO orders can be placed as a pair of buying or selling orders.

Long,How do you set an OCO?

How to place an OCO Order. In trading terms, they provided a way to sell at a higher price or to place a stop limit to sell if it goes below a certain price. To set this, click on the arrow beside the OCO and select OCO from the list. This will add more fields where you can place your price and quantity.

Related Question Answers Found

What is OCO trigger?

OCO (One Cancels the Other) trigger When you buy stocks, you can place an OCO trigger where you can set a stop-loss and target trigger %. When either of the triggers is hit, the order is placed at the exchange and the other trigger is cancelled. You will get the GTT trigger option when you place a CNC buy order.

How do you set profit on Binance spot?

When placing a Limit Order, you will be able to set the [Take Profit] and [Stop Loss] orders simultaneously. Click [Limit] and enter the order price and size. Then, check the box next to [TP/SL] to set the [Take Profit] and [Stop Loss] prices based on the [Last Price] or [Mark Price].

What does OCO stand for?

OCO means “Oh, Come On.” The abbreviation OCO is used to express disbelief in what someone has said or done, or when the sender does not want to accept what they have been told. The use of OCO usually implies that the sender does not believe that the other person is being serious.

How do I use OCO order Upstox?

How To Place OCO Order In Upstox?

  1. First, log in to the Upstox Pro web and add the watchlist.
  2. Now select the script you want to trade-in from the watchlist.
  3. Click on the scrip and select “place order” from the drop-down menu for order entry.
  4. Under “Upstox Order Complexity” select OCO.

How do you use OCO one cancels the other order type Binance?

1:168:42What is an OCO order? One-Cancels-the-Other … – YouTubeYouTube推荐的剪辑从此处开始推荐的剪辑到此处结束I’m gonna go short whatever the market price currently is okay so an O CO. Order is basically anMoreI’m gonna go short whatever the market price currently is okay so an O CO. Order is basically an order that says. Okay do you know what one has to cancel the other.

How do I automatically sell Crypto on Binance?

2:465:40How to set up automatic buy/sell on #Binance in 2021 – YouTubeYouTube推荐的剪辑从此处开始推荐的剪辑到此处结束When price is higher for example i will change this 2 to 5. And this is how much i want to to sell iMoreWhen price is higher for example i will change this 2 to 5. And this is how much i want to to sell i want to sell everything. And you know you you can see i will get uh 51 usd enter now click sell.

Does Binance have Stop Loss?

The Stop Order on Binance Futures is a combination of stop-loss and take-profit orders. The system will decide if an order is a stop-loss order or a take-profit order based on the price level of trigger price against the last price or mark price when the order is placed.

What is SL in Crypto?

J. A stop loss (SL) is a price limit entered by a trader. When the price limit is reached the open position will close to prevent further losses.

Related Ad

Comments (No)

Leave a Reply