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Order Types

  • Market Orders

  • Stop Limit Orders

  • Limit Orders

  • Placing OCO Orders

  • Understanding OCO Order

  • Ladder Limit Orders

  • Closing Positions on Futures Account

Understanding OCO Order

An OCO, or “One Cancels the Other” order allows you to place two orders at the same time. It combines a limit order, with a stop-limit order, but only one of the two can be executed.

In other words, as soon as one of the orders get partially or fully filled, the remaining one will be canceled automatically. Note that manually canceling one of the orders will also cancel the other one.

NOTE-Following the price, the restriction is applied while executing OCO orders. Keeping these price relationships in mind while executing OCO orders is essential.

SELL: Limit Price > Last Price > Stop Price

BUY: Limit Price < Last Price < Stop Price

Note- OCO is supported for Binance spot & Kucoin spot exchanges.

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