what is oco order binance

what is 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,How do you do OCO in Binance?

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.

Subsequently, question is,How does a OCO order work?

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.

Furthermore,How do you set an OCO?

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.

One may also ask,What is an OSO order?

Key Takeaways An order-sends-order (OSO) is a type of conditional order in which the execution of a primary order triggers the placement of one or more secondary orders. Also known as order-triggers-other (OTO), these compound conditional orders can be used to mitigate losses and lock in profits on a new position.

Related Question Answers Found

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 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.

What is OCO Cryptocurrency?

Easy. A situation where two orders for cryptocurrency are placed simultaneously, with a rule in place to enforce that if one is accepted, the other is cancelled.

What is trigger type single and OCO?

The single trigger type gets generally used to enter new positions. OCO Trigger – OCO stands for One cancels the other. In the OCO trigger type, you need to set the stop-loss and the target trigger price or %. The OCO gets placed with exchange whenever either of the trigger condition gets hit.

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.

What is Oso and OCO?

OCO/OSO Orders OCO (Order Cancels Order), Bracket OCO, and OSO (Order Sends Order) are types of conditional orders that can be placed from the Order Bar or a Trade Bar in an analysis window.

Can I place a stop loss and limit order at the same time?

The answer to this question is yes, since the market must trade through a limit order before a protective stop loss. A limit order is an order type that allows a trader to place a trade at a specific price and get filled at either that price or better depending on where the market trades first.

What is bracket order example?

Bracket orders are an effective way to manage your risk and lock in a profit on an order that has yet to execute. In this example, you want to buy 100 shares of XYZ stock, which has a current Ask price of 30.00. You expect the price to fall to 25.00, then rise to 30.00.

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