OCO Orders - One Cancels the Other
Have you ever wished to place two trading orders at the same time without having to stay glued to the screen?
Binance offers you the solution:
OCO Order = Two Conditional Orders: If one is triggered, the other is automatically canceled.
How does it work?
Sets a Take Profit Order.
Sets a Stop Loss Order.
The system monitors the market: Once one of the orders is executed, the other is automatically canceled.
Why is this feature golden?
Protects your profits and reduces your losses without manual intervention.
Gives you peace of mind and eliminates the need to constantly watch the charts.
An ideal tool for managing risks professionally.
Activation Method:
1. Go to the regular or professional trading platform on Binance.
2. Select 'OCO' from the trading order list.
3. Enter the target data, stop loss, and current price, then confirm the order.
Important Note:
Smart orders like OCO can be the difference between a trader
One profits quietly... and the other chases the market in vain.