Chinese Bitcoin Exchange OKCoin Adds OCO Orders

[kreslik.news]

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)