If Bitcoin (BTC) is trading at $60,000, a stop order to buy the asset could be positioned at a price above the current market price and the stop to promote would be positioned under the market value. Imagine if the market would not go properly, and the price hits $80, then a stop loss will likely be executed and at the same time take revenue can be cancelled out. Once the value hits the cease loss target, there isn't a want for the other order to take profit on the same asset. If the market goes completely effectively and hits $120 then, the Take Profit option will probably be executed. If the worth hits $110, the Stop Order will likely be triggered, and the Limit Order will be automatically cancelled. Why Should One Incorporate OCO Order of their Trading Strategy? An OCO is actually a pair conditional orders which specifies that if one order fills, the opposite can be canceled routinely.
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