2025-10-26 20:14:02

What is an OCO order? 🚀

OCO is a special type of order. It allows you to place two orders at the same time. Interesting, right? When one triggers, the other disappears. Magic! 🔥

Key points:

- Combines limit and stop-limit
- Only one is executed
- Makes transactions more flexible and secure
- Fixes profits, limits risks

How to use:

1. Place a limit order for profit
2. Add a stop-limit to prevent losses
3. Done! Both placed

Settings:

For sale:
- Stop below support
- Limit slightly below Stop

For purchase:
- Stop above the resistance
- Limit slightly above Stop

In practice:

Want to take a long position? You can do it like this:
- Limit entry at the desired price
- Target for profit
- Stop-loss from losses

OCO covers all options. Profit or limit losses. Seems convenient! 🌕

Summary:

OCO - a powerful tool for secure trading. It locks in profits and limits risks. It automates entries and exits. However, you need to understand how limits and stop-limits work. It's not entirely simple, but it's worth figuring out.

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