One-Cancels-the-Other (OCO)

By: WEEX|2024/10/26 17:45:58
0
Share
copy

One-Cancels-the-Other (OCO) is a type of order that combines two orders: one is a limit order, and the other is a stop order. If one of the orders is executed, the other order is automatically canceled. OCO orders are commonly used by traders to manage risk and lock in profits. By placing two orders simultaneously, a trader ensures that if one order is executed, the other will be canceled, preventing them from holding an unintended position. Example: A trader might set an OCO order with a stop-loss order at $50 and a limit sell order at $60. If the price hits $50, the stop order triggers and the limit order is canceled.

You may also like

Introducing Fabric Foundation: Complete Guide to $ROBO and Airdrop Opportunities

The Fabric Foundation is building a safe, open, and globally beneficial future for AI and robotics as intelligent machines move from software into the real world. In essence, it works to ensure that advanced machines expand human possibilities, stay aligned with human values and intentions, and deliver widespread benefits to people everywhere, rather than concentrating power or posing risks. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 Fabric Foundation airdrop before Mar. 06, 2026!

JELLYBEAN USDT World Premiere on WEEX: Jellybean (JELLYBEAN) Coin Listing Live

WEEX Exchange is thrilled to launch the world premiere listing of Jellybean (JELLYBEAN) Coin, bringing fresh opportunities for…

What is Jellybean (JELLYBEAN) Coin?

The recently launched Jellybean (JELLYBEAN) token has made its debut on the WEEX exchange, allowing users to participate…

What is Sentio (ST) Coin?

In an exciting development for crypto enthusiasts, Sentio (ST) has been newly listed on WEEX, with ST/USDT trading…

WEEX Debuts Sentio (ST) Coin: ST USDT Trading Live

WEEX Exchange is thrilled to announce the world premiere listing of Sentio (ST) Coin, opening the ST USDT…

Sentio (ST) Coin Price Prediction & Forecasts for February 2026: Could This New Listing Surge 50% Amid Web3 Data Boom?

Sentio (ST) Coin has just hit the market with its listing on WEEX Exchange today, February 27, 2026,…

Popular coins