How to trade One Cancels the Other (OCO)?

Modified on Wed, 26 Feb at 8:16 AM

One Cancels the Other (OCO) is a pair of conditional orders that specify that if one order is executed, the other order will automatically be canceled. An OCO order often combines a stop-limit order with a limit order, so that only one of the two can be executed.

  1. Open the Trade page from the main menu.
  2. Select the OCO tab below the candlestick chart.
  3. The available balance for both buy and sell is shown above the price and amount boxes. You can deposit your desired balance directly by clicking on the Deposit link.
  4. Enter the order details:
    • Price is your limit order’s price.
    • Stop is the trigger price of your stop-limit order.
    • Limit is the limit price of the stop-limit order.
    • Amount is the amount of crypto you want to purchase.
  5. Click Buy or Sell to place the OCO order.
  6. You can create an OCO order with a limit order at the desired quantity and a limit order at the desired stop price. Then, set the limit price of the stop order to your desired value, so the order is likely to be filled.

Note:

  • When the price of the coin you’ve chosen reaches the desired price, the limit order will be filled. This means that the Stop-limit order will be automatically canceled.

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