What Does OCO Mean: Mastering OCO Orders for Enhanced Trading Success

Mastering OCO Orders: A Comprehensive Guide to One-Cancels-the-Other Trading

Welcome to our in-depth exploration of advanced trading tools. As you navigate the complexities of financial markets, you’ll discover that disciplined execution and robust risk management are not just important – they are absolutely essential for long-term success. Volatility, sudden price swings, and fleeting opportunities require tools that allow you to react swiftly and strategically, even when you can’t watch the market tick by tick.

This is where sophisticated conditional orders come into play. They act as your automated assistants, ready to execute your pre-defined instructions the moment certain market conditions are met. Among the most powerful and versatile of these is the One-Cancels-the-Other (OCO) order.

Perhaps you’ve heard the term or seen it listed on your trading platform. But what exactly does OCO mean? How does it work? And more importantly, how can you harness its capabilities to enhance your trading strategy, mitigate risk, and potentially improve your profitability?

In this comprehensive guide, we will peel back the layers of the OCO order, breaking down its mechanics, benefits, practical applications, and potential pitfalls. Whether you are a beginner looking to understand the basics of advanced order types or an experienced trader seeking to refine your execution strategies, mastering the OCO order is a significant step towards more disciplined and efficient trading.

At its core, a One-Cancels-the-Other (OCO) order is a dynamic pair of conditional orders linked together. Imagine you have two distinct instructions you want to give your trading platform, but you only want *one* of them to be carried out. The OCO order makes this possible.

The fundamental principle is simple yet powerful: if one of the two orders in the pair is executed, the other order is automatically and instantly canceled by the trading platform. This prevents you from unintentionally taking on a position you didn’t intend to, or from having conflicting orders lingering in the market.

Think of it like setting two different alarms on your phone for the same event, knowing that once the first one goes off, you’ll immediately silence the second one. In trading, this automatic cancellation is crucial for managing exposure and avoiding errors.

Typically, an OCO order links two specific types of conditional orders. While platforms can vary, the most common pairing involves a stop order and a limit order for the same security and the same position size (either buying or selling).

Understanding the difference between stop and limit orders is prerequisite for grasping OCOs. A limit order is an instruction to buy or sell at a specific price or better. You use it when you want to control the price you trade at, accepting the risk that the order might not fill if the market doesn’t reach your specified limit price.

A stop order, on the other hand, becomes a market order or a limit order (depending on the specific type, like stop-market or stop-limit) once a specific “stop price” is reached or breached. Stop orders are often used to limit potential losses or to initiate a trade when a certain price threshold is crossed, indicating a potential breakout.

Let’s delve deeper into the operational mechanics of an OCO order. When you place an OCO, you are essentially telling the platform: “If the price reaches X (my stop price), execute the stop order and cancel the limit order at Y. But if the price reaches Y (my limit price), execute the limit order and cancel the stop order at X.”

Here’s a step-by-step breakdown of the process:

• You place an OCO order on your trading platform for a specific asset (e.g., a particular stock, currency pair, or cryptocurrency like Bitcoin).

• You define the two distinct conditional orders that make up the OCO pair. This will involve specifying the type of order (e.g., buy stop, buy limit, sell stop, sell limit), the target price for each, and the quantity (shares, units, etc.).

• Both orders are then entered into the market simultaneously by the platform, but they remain pending. They are ‘live’ instructions waiting for their conditions to be met.

• The market price of the asset begins to move. The platform constantly monitors the price relative to the trigger levels you set for both orders in the OCO pair.

• Scenario A: The first condition is met. Let’s say the price reaches your stop price first. The platform then attempts to execute your stop order (which might convert to a market order or a limit order depending on its type). Crucially, the moment this stop order is fully or partially executed, the platform automatically sends a cancellation request for the other order in the pair – the limit order.

• Scenario B: The second condition is met. Alternatively, if the price reaches your limit price first, the platform attempts to execute your limit order. As soon as this limit order is fully or partially executed, the platform automatically cancels the stop order.

• The automatic cancellation is a critical function performed by the trading platform itself. It prevents you from having two positions opened or closed when you only intended for one action to occur.

This automated execution and cancellation mechanism makes OCO orders incredibly useful for managing potential scenarios without requiring your constant manual intervention. It helps you stay disciplined and avoid making impulsive decisions based on short-term market noise.

To truly leverage OCO orders, we must appreciate the distinct roles that stop orders and limit orders play within the pair. Their combination creates the versatility of the OCO.

• The Stop Order Component: Within an OCO, the stop order is often used to capitalize on or protect against a price movement *beyond* the current market price.

  • A Buy Stop order is placed *above* the current market price. It’s typically used to enter a long position on a breakout above a resistance level, or to cover a short position if the price moves against you sharply.

  • A Sell Stop order is placed *below* the current market price. It’s used to enter a short position on a breakdown below a support level, or to trigger a stop-loss on a long position to limit losses.

  When the market reaches your specified stop price, this component of the OCO order becomes active and is sent to the market as a standard order (usually a market order or stop-limit order). If executed, the other order in the OCO pair is canceled.

• The Limit Order Component: The limit order within an OCO is used to trade at a specific price or better, often *within* the current price range or to secure a profit target.

  • A Buy Limit order is placed *below* the current market price. It’s used to enter a long position on a retracement or dip, aiming to buy at a lower price.

  • A Sell Limit order is placed *above* the current market price. It’s used to enter a short position at a higher price (often for a reversal strategy) or, most commonly, to take profits on a long position at a predefined target price.

  When the market reaches your specified limit price, this component of the OCO order is executed at that price or better. If executed, the stop order in the OCO pair is canceled.

The magic of the OCO is that you don’t have to choose which scenario is more likely. You can prepare for both simultaneously. Will the price break out above resistance, or will it pull back to support? An OCO can be structured to handle either outcome for market entry. Or, if you’re in a trade, will it hit your profit target first, or your stop-loss? Again, an OCO (or more accurately, a specific application of the OCO principle, often built into platforms as a single “bracket” order type) can manage both.

Now that we understand the mechanics, let’s explore the compelling reasons why experienced traders frequently incorporate OCO orders into their strategies. The benefits primarily revolve around automation, efficiency, and critically, risk management.

• Reduces Emotional Decision-Making: Fear and greed are powerful forces in trading that can lead to costly mistakes. When you’ve pre-determined your entry and exit points with an OCO order, you’re less likely to panic and close a position prematurely or hold onto a loser for too long. The decision is made logically when you set the order, not emotionally in the heat of the moment.

• Flexibility for Different Market Scenarios: OCOs allow you to structure trades that account for volatility and potential moves in either direction. Whether you anticipate a breakout or a retracement, you can set up an OCO to capture the move if it happens, while simultaneously preparing for the alternative scenario or managing risk.

In essence, OCO orders help you trade your plan, not your emotions. They bring structure and automation to your execution, allowing for more consistent application of your trading rules.

One common application of OCO orders is setting up potential market entries that cover two possible scenarios. Let’s explore how you might use OCOs for breakout and retracement strategies.

• Breakout Strategy with OCO: Suppose an asset has been trading in a tight range between a strong resistance level above and a strong support level below. You believe that a significant move is likely, but you’re unsure whether it will break above resistance or break down below support. You want to enter a position *only* if the market clearly decides its direction.

  You could place an OCO order consisting of:

  • A Buy Stop order placed just *above* the resistance level.

  • A Sell Stop order placed just *below* the support level.

  If the price breaks above resistance and triggers your Buy Stop, that order will execute (attempting to buy at the market once the stop price is hit), and the Sell Stop order will be automatically canceled. You’ve successfully entered a long position on the breakout.

  Conversely, if the price breaks below support and triggers your Sell Stop, that order will execute (attempting to sell at the market once the stop price is hit), and the Buy Stop order will be canceled. You’ve successfully entered a short position on the breakdown.

  This OCO setup allows you to be prepared for volatility and enter the market as momentum builds in either direction, without having to guess which way the price will go.

• Retracement Strategy with OCO: Now consider an asset that has been trending, but you anticipate a potential pullback before the trend continues. You want to enter the trend on a dip (buy low) or a bounce (sell high), but you also want to be ready if the correction goes deeper than expected or if the trend resumes without a significant pullback.

  For a bullish trend, you might place an OCO order consisting of:

  • A Buy Limit order placed at a potential support level where you expect a bounce.

  • A Buy Stop order placed just above a recent swing high or resistance within the correction, in case the price doesn’t retrace deeply and resumes its upward movement.

  If the price retraces to your Buy Limit price, the order executes, and the Buy Stop is canceled. You’ve entered long at a favorable price.

  If the price reverses from the correction and breaks above the swing high triggering your Buy Stop, that order executes, and the Buy Limit is canceled. You’ve entered long as the trend resumes, albeit at a higher price than your ideal limit entry.

  OCOs for entry scenarios like these require careful placement based on your technical analysis of support and resistance levels, trend lines, or other indicators. Remember, the OCO itself doesn’t guarantee execution; it merely sets up the conditions under which your chosen order *will attempt* to execute.

While OCOs can be used for entry, their most common and perhaps most critical application is in managing existing open positions. This involves setting both a stop-loss order and a take-profit order simultaneously for the same position.

Let’s say you are currently long (you own) 100 shares of a stock. You bought it at $50. Based on your analysis, you’ve determined:

• Your maximum acceptable loss is if the price drops to $48. You want to place a stop-loss order there.

• Your target price for taking profits is $60. You want to place a limit order there.

You can place an OCO order (or a bracket order on many platforms, which is essentially an OCO tied to an open position) consisting of:

• A Sell Stop order at $48 (your stop-loss).

• A Sell Limit order at $60 (your take-profit).

Here’s how the OCO mechanism works in this scenario:

• If the stock price falls to $48 and triggers your Sell Stop order, that order will execute (likely selling your shares at or around $48), and the Sell Limit order at $60 will be automatically canceled. You’ve successfully limited your loss.

• If the stock price rises to $60 and triggers your Sell Limit order, that order will execute (selling your shares at $60 or better), and the Sell Stop order at $48 will be automatically canceled. You’ve successfully taken your profit.

This combination is incredibly powerful for enforcing a disciplined exit strategy. You define your risk and reward parameters *before* the market moves significantly, and the OCO ensures that whichever price level is hit first, your position is closed according to your plan, and the alternative instruction is removed.

For traders in dynamic markets like Forex or CFDs, having this automated stop-loss and take-profit mechanism via OCO (or bracket orders) is fundamental. It allows you to manage multiple open positions effectively without needing constant surveillance. If you’re considering beginning your journey in the Forex market, understanding how different platforms facilitate these critical order types is key.

If you are considering beginning your journey in the Forex market or exploring more CFD instruments, then Moneta Markets is a platform worth considering. It originates from Australia and offers over 1000 financial instruments, suitable for both beginners and professional traders.

Remember that for an OCO order designed to manage an *already open* position, you must have that position first. You don’t use OCOs to *enter* a position and *then* simultaneously set a stop-loss and take-profit for that *future* position with the *same* OCO. You would typically use a separate OCO (or a bracket order feature) attached to the position *after* it has been filled.

Beyond standard entry and exit, OCO orders find utility in more advanced scenarios, especially in volatile markets or around significant news events.

• Trading Volatility: When an asset is experiencing high volatility with wide price swings, manually setting and adjusting orders can be challenging and stressful. An OCO allows you to place orders at key levels (like resistance and support, or potential reversal points) that are far from the current price but could be hit rapidly. You can set your OCOs and let the market come to them, ready to capture a move or execute a protection order.

• News Event Trading: Major economic news releases or company earnings reports can cause sudden, unpredictable price gaps and rapid moves. Trying to manually enter a trade right as news hits is extremely difficult and often results in poor fills. An OCO can be used to set up potential trades just outside the current price based on anticipated reactions to the news.

  For example, if a stock is about to announce earnings, you might place a Buy Stop just above the current price resistance (anticipating positive news driving the price up) and a Sell Stop just below the current price support (anticipating negative news driving the price down). The OCO ensures that only the direction the market takes is acted upon, and the other potential trade is immediately canceled, preventing you from accidentally opening positions in both directions based on the same event.

• Scaling In or Out: While more complex, OCO logic can sometimes be applied to scale into or out of positions at multiple price levels. You could potentially set up multiple OCO pairs, though platform limitations might require sequential order placement rather than one massive OCO structure.

These advanced uses require careful planning and a solid understanding of how the specific asset behaves under volatile conditions. They are best suited for traders with some experience who can accurately identify potential price levels for their OCO triggers.

While OCO orders offer significant advantages, it’s crucial to be aware of their limitations and potential drawbacks:

• Complexity for New Users: For someone completely new to trading, understanding the interaction between stop orders, limit orders, and the OCO mechanism can be confusing initially. It requires a solid grasp of basic order types before attempting to use OCOs.

• Risk of Partial Fills: While the OCO aims for instant cancellation, extremely fast market movements, especially in volatile or low-liquidity conditions, could theoretically lead to both orders being triggered and *partially* filled almost simultaneously before the cancellation for the second order is processed by the platform. This is rare on major platforms with high liquidity but is a theoretical risk.

• Execution Price Risk (Stop Orders): Remember that a standard stop order often becomes a market order once triggered. In fast markets, your execution price might be significantly worse than your stop price (this is known as slippage). If your OCO is a Buy Stop/Sell Stop pair, both legs carry this slippage risk on execution.

• Platform Implementation Variations: Not all trading platforms implement OCO orders identically. Some might only allow certain pairings (e.g., Stop-Loss/Take-Profit tied to an open position) or have slightly different terminology. It’s essential to thoroughly understand how OCOs work on your specific platform before using them with live capital. When choosing a trading platform, the flexibility and technological advantages of Moneta Markets are worth mentioning. It supports popular platforms such as MT4, MT5, and Pro Trader, combining high-speed execution with low spread settings to provide a good trading experience.

• Requires Pre-Analysis: OCO orders are only as good as the price levels you set for them. You need to perform thorough technical analysis to identify meaningful support, resistance, stop-loss, and take-profit levels. Placing arbitrary OCOs based on guesswork is unlikely to be profitable.

Like any trading tool, OCO orders are not a guarantee of profit. They are tools to execute your trading plan with greater precision and automation, but the success of that plan depends on your analysis and strategy.

While discussing conditional orders, you might encounter another similar-sounding type: the Order-Sends-Order (OSO). It’s vital not to confuse OCO and OSO, as their mechanisms are fundamentally different.

We know that an OCO (One-Cancels-the-Other) order links two orders where the execution of *one* causes the *cancellation* of the other.

An OSO (Order-Sends-Order) condition, however, links two (or sometimes more) orders where the execution of the *first* order *triggers* or *sends* one or more *new* orders. The execution of the first order doesn’t cancel the others; it activates them.

Think of OCO as two alternative plans where you only need one. Think of OSO as sequential steps: complete step one, and that action triggers step two.

A common use case for an OSO might be: “When my Buy Limit order at $50 executes, *then* place a Sell Limit order at $60 (take-profit) and a Sell Stop order at $48 (stop-loss).” Here, the initial Buy Limit *sends* the profit target and stop-loss orders into the market *after* your entry is filled. This is a common way to set up automatic exits once you’ve entered a position via a limit order, using the OSO logic (often built into platforms as a feature called a “bracket order” or “contingent order”).

While both are conditional orders, their function within your workflow is distinct. OCO is for mutually exclusive events (either this or that happens), while OSO is for sequential events (this happens, which *then* makes that happen).

Placing an OCO order on a trading platform is usually straightforward once you locate the option. However, the exact steps and available features can vary. Here’s a general guide and what to look for:

• Locate the Order Type: When placing a new order, look for “OCO” or “One-Cancels-the-Other” in the list of available order types. Sometimes, the stop-loss/take-profit OCO functionality for an existing position might be found when right-clicking on the open position or within a specific position management window, often labelled as adding a “bracket order” or “contingent order.”

• Select the Instrument and Quantity: Choose the asset you want to trade (e.g., EUR/USD, AAPL shares, BTC/USDT) and the size of your position (number of lots, shares, or units). For OCOs, the quantity is usually the same for both legs of the pair.

• Define the First Order: Specify the details of the first order in your OCO pair. This will include:

  • Order Type (e.g., Buy Stop, Sell Limit)

  • Price Level (your trigger price)

• Define the Second Order: Specify the details of the second order in the OCO pair. This will include:

  • Order Type (e.g., Buy Limit, Sell Stop – the type that complements the first order)

  • Price Level (your second trigger price)

  Ensure these two orders are logically opposed or represent alternative outcomes (e.g., a Buy Stop above market and a Buy Limit below market for entry, or a Sell Stop below current price and a Sell Limit above current price for exiting a long position).

• Set “Time In Force” (TIF): This is a crucial setting for OCO orders. The “Time In Force” determines how long your order remains active in the market before expiring. Common TIF settings include:

  • Day Order (DAY): Expires at the end of the current trading session if not executed.

  • Good-‘Til-Canceled (GTC): Remains active until it is executed or you manually cancel it.

  • Other less common types may exist.

  For an OCO order, it is almost always recommended that both orders within the pair have the *identical* Time In Force setting. If one order expires while the other remains active, the OCO link is broken, and you could be left with a single, potentially unwanted, live order.

• Review and Place Order: Double-check all the details – asset, quantity, order types, prices, and Time In Force – before submitting the OCO order. Ensure the prices make sense relative to the current market price and your intended strategy.

Navigating the features of different trading platforms is part of a trader’s journey. Some platforms excel in providing educational resources and intuitive tools, including advanced order types like OCOs. If you are seeking a regulated broker for global trading, Moneta Markets holds multiple international regulatory licenses, including FSCA, ASIC, and FSA, and offers comprehensive support such as segregated client funds, free VPS, and 24/7 Chinese customer service, making it a preferred choice for many traders.

Familiarize yourself with your platform’s specific OCO implementation, perhaps by practicing with a demo account, before using this powerful tool with real funds.

An OCO order is not a standalone strategy; it is an execution tool that supports your broader trading plan. Effectively integrating OCOs means they align with your analysis, risk tolerance, and goals.

• Base OCO Levels on Analysis: The trigger prices for your stop and limit orders within the OCO should be derived from your technical or fundamental analysis. Don’t just pick arbitrary numbers. Are you placing a stop-loss below a key support level? Is your take-profit at a significant resistance or Fibonacci extension? Is your breakout entry just above a confirmed resistance? Your OCO prices should have a logical basis.

• Consider Volatility: The distance between the two prices in your OCO pair should account for the asset’s typical volatility. If your prices are too close together in a volatile market, you risk being whipsawed – having one order triggered prematurely by noise, only for the market to reverse. If they are too far apart, you might miss out on potential moves or expose yourself to excessive risk before an order is triggered.

• Manage Position Size: Even with a stop-loss component in your OCO, position sizing remains critical. The potential loss if your stop is hit should align with your overall risk management rules (e.g., risking no more than 1-2% of your capital per trade). The OCO helps execute the stop, but you determine the exposure.

• Review and Adjust Periodically: Market conditions change. Support and resistance levels can break, trends can reverse, and volatility can shift. For OCOs with a Good-‘Til-Canceled (GTC) time in force, it’s important to periodically review whether the set prices are still relevant to the current market structure and your analysis. Don’t just set and forget indefinitely.

• Understand Entry vs. Position Management OCOs: Be clear on whether you are using the OCO for market *entry* (e.g., Buy Stop/Sell Stop for breakout) or for *managing an existing position* (e.g., Stop-Loss/Take-Profit). The logic and setup are different, and confusing them can lead to errors.

By incorporating OCOs thoughtfully into your trading framework, you transition from reactive trading to proactive planning. You set your rules, determine your boundaries, and let the automated order types execute your strategy, fostering greater consistency and discipline.

Trading involves not just analytical skill but also emotional control. Behavioral biases can significantly impact trading performance, leading traders to deviate from their plans and make irrational decisions. OCO orders offer a valuable tool in the fight against these biases.

• Combating Fear: Fear can cause you to hesitate when entering a trade based on your analysis or to close a profitable position too early out of anxiety about losing gains. By setting an OCO entry (like a buy stop above resistance) or a take-profit limit order, you commit to your plan before fear can paralyze you. Similarly, setting a stop-loss within an OCO combats the fear of letting a small loss turn into a large one.

• Mitigating Greed: Greed can manifest as holding onto a winning position for too long, hoping for maximum possible profit, only to see gains evaporate. Setting a take-profit limit order as part of an OCO forces you to define your target beforehand, helping you secure profits when they are available rather than chasing unrealistic gains.

• Avoiding Over-Trading: By setting OCO entries at key levels, you avoid the temptation to jump into trades impulsively based on minor price fluctuations. You wait patiently for your pre-defined conditions to be met, reducing the likelihood of over-trading, which often leads to increased costs and poor decisions.

• Promoting Discipline: The very act of setting an OCO requires discipline. You must analyze the market, define your entry/exit points, and commit to them. Once placed, the OCO reinforces this discipline by executing the plan automatically, preventing you from second-guessing yourself in the heat of the moment.

Using OCOs helps create a buffer between your emotional responses and your trading actions. It externalizes the execution decisions, allowing your rational, analytical mind to set the plan, and the automated system to carry it out. This is a cornerstone of developing a robust and consistent trading psychology.

The concept of OCO orders is applicable across various financial asset classes, although their specific implementation and prevalence can vary slightly. Whether you trade stocks, Forex, cryptocurrencies, or other securities, understanding how OCOs function within that specific market context is important.

• Stocks: OCOs are widely available on most stock trading platforms. They are commonly used for managing risk on open positions (stop-loss/take-profit) and for setting up breakout or breakdown entries on individual equities. The liquidity of the stock can impact the risk of partial fills or slippage on stop orders within an OCO pair.

• Forex: OCOs are a fundamental tool in Forex trading, where markets are open 24/5 and volatility can be high. Forex traders heavily rely on OCO-like functionality (often integrated as bracket orders) to manage leverage risk by simultaneously placing stop-loss and take-profit orders on currency pairs like EUR/USD. The automated nature of OCOs is particularly valuable for Forex traders who need to manage positions across different global trading sessions.

  If you are searching for a globally trading Forex broker with regulatory protection, Moneta Markets holds multiple international regulatory certifications, including FSCA, ASIC, and FSA, and provides a full suite of services such as segregated client funds, free VPS, and 24/7 Chinese customer support, making it the preferred choice for many traders.

• Cryptocurrencies: OCO orders are increasingly available on major cryptocurrency exchange platforms (e.g., for trading Bitcoin, Ethereum, etc.). Given the extreme volatility and 24/7 nature of crypto markets, OCOs are highly valuable for managing risk and setting automated entries/exits. However, slippage on stop orders can be significant during periods of rapid price movement in crypto markets, and platform-specific OCO implementations should be carefully reviewed.

• Other Securities (Futures, Commodities, etc.): OCO functionality is generally available for trading futures, commodities, options, and other derivatives. The principles remain the same, but market-specific characteristics (like contract expiry or specific trading hours) need to be considered when setting OCO parameters and Time In Force.

Regardless of the asset class, the core benefit of the OCO – linking two mutually exclusive conditional orders for automated execution and cancellation – remains consistent, providing a layer of control and discipline to your trading activities.

We’ve explored the fundamental definition, mechanics, benefits, strategies, and considerations surrounding the One-Cancels-the-Other (OCO) order. We’ve seen how this powerful conditional order type acts as an automated assistant, allowing you to prepare for different market scenarios and execute your trading plan without requiring constant manual intervention.

By enabling the simultaneous placement of two related orders – typically a stop order and a limit order – the OCO ensures that the execution of one automatically leads to the cancellation of the other. This simple yet effective mechanism is invaluable for managing risk, preventing unwanted duplicate positions, and streamlining your trading process.

We’ve discussed how OCOs can be applied to various strategies, from entering positions on anticipated breakouts or retracements to, most crucially, managing open positions by pairing a stop-loss with a take-profit. We’ve also highlighted their utility in volatile markets and around significant news events, allowing you to pre-define your response to potential price swings.

While OCO orders offer significant advantages in terms of risk management, automation, and behavioral control, it’s essential to use them wisely. Understand their limitations, such as potential partial fills or slippage, and always base the order parameters on thorough analysis relevant to the specific asset and market conditions you are trading.

Integrating OCO orders into your trading arsenal is a step towards becoming a more disciplined and efficient trader. They empower you to set clear rules, define your boundaries, and let the market determine which of your pre-planned actions is triggered. By mastering the “what does OCO mean” and how to apply it effectively, you add a powerful tool to your kit for navigating the dynamic world of financial markets with greater confidence and precision.

Continue to learn, practice, and refine your understanding of advanced order types. They are key components of a robust trading strategy that prioritizes risk control and systematic execution.

what does oco meanFAQ

Q：What is an OCO order?

A：OCO stands for One-Cancels-the-Other order, which consists of two conditional orders where the execution of one cancels the other.

Q：How does an OCO order work?

A：When one of the orders is triggered, the other order is automatically canceled, preventing conflicting trades.

Q：Why would a trader use an OCO order?

A：Traders use OCO orders to automate their trading strategies, manage risk more effectively, and execute predefined entry and exit points without constant monitoring.