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Beijing-headquartered bitcoin exchange OKCoin has introduced OCO (one-cancels-the-other) orders to its platform saying that OCO orders offers traders a “more dynamic way to express a trading view.” These type of orders are popular among forex traders as they help automate a strategy to capture upside trends, protect profits, and limit losses.
OKCoin describe the new order OCO features as:
Profit trigger: The price at which the profit order is put in play
Profit order: The price of the profit limit order
Stop trigger: The price at which the stop order is put in play
Stop order: The price of the stop limit order
OKCoin is considered to be ... (read more)