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
View OriginalOCO 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