How to Use OCO (One-Cancels-the-Other) Order Type — Binance, Kolin Lukas

Kolin DeShazo
Altus Crypto
Published in
2 min readDec 2, 2020

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A One-Cancels-the-Other (OCO) is a pair of orders combining a stop-limit order and a limit maker order on the same side, with the same order quantity. When either one of the orders is executed (the stop price is triggered for stop limit order), the other one is automatically canceled. When either one of the orders is being canceled, in effect the entire OCO order pair is canceled.

Price Restrictions:

  • For sell orders, the prices have to follow the following rule:

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