OCO (One Cancels The Other)

The OCO is a unique order type that allows you to combine two conditional orders. It means that as soon as one order is triggered, the other order is automatically cancelled.

It is a pair of orders that state that if one order runs, the other be halted. On, an OCO order combines a stop order and a limit order. The other order is automatically cancelled when the stop or limit price is reached, and the order is executed. OCO orders can be used to reduce risk and enter the market.

If the price of Bitcoin is $10,000, for example, you might use an OCO order to purchase Bitcoin when it reaches $9,900 or sell it when it reaches $11,000. The first of these two orders to be attained by the market will be executed, and the second will be automatically cancelled.

See other order types:

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