What is OCA ( Over Cancelation Order )
How to put Stoploss in Spot Trading with OCO 👍
OCO order helps you to lock in profit, if token pumps and dumps....
1) Click on the Token in question
2) select sell
3) click on the tap written limit to see the drop down showing other options
4) select OCO
5) You'll see 4 spaces to fill, which are devided into two parts one part is tagged limit, the other is tagged stop limit .
The limit part contains a space tagged price, this is where you set the upper limit, that if the price increases to that particular price you are telling it to issue a sell, you get to lock in profit .
The stop limit part contains 3 tabs, just like your regular stop limit; the parts are:
stop limit : Get to set the lowest price you can bear for the coin to dip to before selling.
Limit : the price it should sell at... recommend setting same price or atleast a dollar or two lower than the stop limit price, because the stop limit price is a trigger price .
Amount : The amount of the token you are willing to sell.
Once you initiate you'll discover that two orders would be placed simultaneously a lower and an upper.
