Simplify your strategy with smart orders
In the fast-moving world of cryptocurrencies, speed and precision are essential. Binance’s OCO (One Cancels the Other) orders allow you to automate both entry and exit strategies, combining safety and convenience in a single action. It’s the ideal tool for those looking to trade more efficiently with less risk.
If you’re not on the platform yet, create your account on Binance by clicking here and start exploring the benefits of OCO orders today.
What Is an OCO Order?
OCO stands for “One Cancels the Other.” This type of order combines a stop-limit order with a limit order. When one of them is triggered, the other is automatically canceled.
This functionality is very useful when the market might move in two directions. You can protect yourself if the price drops too much (with the stop-limit), while also benefiting from a price rise (with the limit order).
Create your account on Binance by clicking here and start configuring OCO orders with confidence.
How to Set Up an OCO Order on Binance
- Go to Binance’s advanced trading mode
- On the trading panel, switch to “Advanced” view.
- Select order type
- In the dropdown menu next to the price field, select “OCO”.
- Fill in the required fields
- Limit price: the price you want to sell at (e.g., if the asset rises).
- Stop price: the price that triggers your stop-limit order.
- Stop-limit price: the minimum price you are willing to sell at if the stop is hit.
Practical example: You bought a coin at $100. You can place an OCO with:
- A limit sell at $120 (for profit)
- A stop at $90, with a stop-limit at $88 (to prevent loss)
If the price goes up, you take profit. If it drops, you minimize your loss.
Create your account on Binance by clicking here and try it out with small amounts to get familiar.
Advantages of Using OCO Orders
- Automated strategy: No need to watch charts all the time.
- Less emotion, more logic: Predefined decisions reduce emotional trading.
- Protection in volatile markets: Exit wisely in a rally or a dip.
Experienced traders often combine OCO with technical analysis to boost their performance—no need to stay glued to the screen 24/7.
Create your account on Binance by clicking here and let smart orders work for you.
Pro Tips to Use OCO Efficiently
- Stick with high-liquidity assets, where execution is more likely.
- Avoid setting your stop too close to the current price to prevent it from being triggered by normal market noise.
- Always double-check your input, especially during high volatility.
- Use BNB to pay fewer trading fees, increasing efficiency.
Create your account on Binance by clicking here and explore the full potential of OCO orders in your crypto journey.
