The OCO order combines a conditional price (Stop) and two Limit orders. A conditional order (stop-limit) and a limit order will be added to your order book once you submit your OCO order. When the price reaches your limit order, it will be completed, and the conditional order will be canceled. Whenever the crypto price reaches your conditional order price, a limit order with the specified price will be added to your order book.
Price condition(STOP): When the crypto’s price reaches your conditional price, the stop-limit order will be completed, and a limit order will be sent to order book.
Order price: it determines your conditional orders’ buy/sell price
Price: It specifies your regular orders’ price.
Amount: specifies the amount of crypto that you are going to buy/sell using the stop-limit order. You can specify the amount manually. You may also use the percentage bar to choose how much of your asset you are going to buy/sell.
Important notes of OCO orders:
1- The amount of crypto set on stop-limit orders will be freezed (blocked) after sending the order. This amount will be unblocked once the order is canceled.
2- After placing the OCO order, you may see it on your order book in the form of a conditional and regular order.
3- OCO orders can be used on both the buy and sell side.
In order to place OCO orders, log in to your account and use the trading section.
After choosing your order type (buy/sell), click on conditional order and choose OCO.
For the price input field, you should choose your limit order price. For the stop price field, specify the conditional price and limit field refer to stop order price. Enter your amount for buy/sell in the order price field and place your order.
After placing your sell order, a confirmation message will be displayed. Your order will be placed in the open orders section after reviewing it and clicking on the confirmation button.
If you want to cancel the order, you can cancel your order from the order book section.
Mazdax on social media
Instagram: https://www.instagram.com/mazdaxmarket
Telegram: https://t.me/mazdaxmarket
Twitter: https://twitter.com/mazdaxmarket
Comments
0 comments
Please sign in to leave a comment.