Binance OCO

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    Binance OCO, is also known as a one-cancel-the-other, refers to a process in which a pair of orders are created, however, it is only possible for one of the orders to be executed.

    The result of this is that the order which failed to execute will be automatically cancelled as soon as the other order has been successfully executed.

    The exact way this is carried out is by creating a combination of a Limit Order with a Stop Limit order, thereby losses are minimised, and profits are maximised.

    Answered on August 7, 2019.
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