How to use Binance OCO Order in easy way | OCO Buy Order | OCO Sell Order

In this blog, I will explain in an easy way how you can use OCO in Binance for BUY orders and SELL orders in an easy way.

I will tell you in simple words How OCO use in Binance.

OCO stands for "Once cancel others".

OCO is a "Combination of Limit and Stop limit".

In OCO limit Orders and Stop limit Orders are put together for both Buy and Sell.

OCO Buy And Sell Orders:

Open Binance Application.

Select any coin that you want to buy.

Go market.

Click spot.

Select a coin for example BNB.

Select OCO (Once cancel others).

In this OCO we set two orders while one order is a success then another order is automatically canceled.

Her in this Picture I set Two orders, one is limit, and another is stop limit.

If the market will be gone in down then the coin is purchased at 250 prices.

Or Else, In the second order, If Coin will be increased to 300 prices then, the order will be placed at 305 prices, and it will purchase automatically 100%.

In the last Click Buy BNB.

If the Market goes down Limit orders will be done.

If the Market goes up the Stop Limit orders will be done.

 Here you can see there are two orders are placed.

If one order is successful then the other will be canceled.

OCO for Sell Orders:

Select sell any coin.

Select OCO.

In the first order, I set a limit that if the Market goes up to 350 prices, then it will be sold automatically.

But I have one fear if the Market goes down so there I should set a stop limit feature that when the Market goes down at 250 in price, and then at 240 prices are sold 100%.

Click Sell BNB.

There are two orders set to sell coins.

SO their loss will be less and profit will be good.

 Here you can see there are two orders are placed.

If one order is successful then the other will be canceled.

If the Market goes up Limit orders will be done.

If the Market goes down the Stop Limit orders will be done.