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OCO Order (One-Cancels-the-Other) Definition

An OCO order links two orders so that when one is executed, the other is automatically cancelled.

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What is an OCO Order?

OCO orders are often used to manage both a take-profit and stop-loss simultaneously.

They help traders automate exits without needing to monitor the market constantly.

Example of OCO Order

Placing a take-profit at $60 and a stop-loss at $45 as an OCO pair means only one will execute, cancelling the other.

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