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What is an OCO order in Binance !? The OCO (One Cancels the other order) allows you to place two orders at the same time. It combines a limit order and a stop-limit order. But only one of the two can be done. In other words, once one of the orders is executed partially or completely, the remaining order will be canceled automatically. Note that canceling one order will also cancel the other order. When trading on the Binance platform, you can use OCO orders as a basic form of automated trading, as this feature gives you the option to place two specific orders at once, which may be useful for taking profits and minimizing potential losses. Now let's explain how to use the OCO order Limit order Price: The Limit Order price. It is the price you want to buy or sell at Stop-Limit Stop: The price at which a stop-limit order will be triggered, for example (0.01 BTC). Limit :That is, in the event that the price reaches the stop price, sell the requested quantity at this price Amount: The size of your order (for example, $ 160). Total: The total value of your order Benefits of an OCO order 1-Managing risk in an open position 2-Entering either a long or short trade following a breakout