Buy Crypto
Markets
Spot
FuturesBTC
Earn
Event Center
Rewards Hub
More
100%+ PoR
Log In
Sign Up
Wallets
Orders
In the ever-changing crypto landscape, investors often find it challenging to accurately predict future market movements. In such situations, you may consider using a One-Cancels-the-Other (OCO)In the ever-changing crypto landscape, investors often find it challenging to accurately predict future market movements. In such situations, you may consider using a One-Cancels-the-Other (OCO)
Learn/Token & Stock Guides/Crypto Tokens/What is a One-Cancels-the-Other (OCO) Order?

What is a One-Cancels-the-Other (OCO) Order?

Author: MEXC
Nov 10, 2026MEXC
6 min
Share
Orderly Network
ORDER$0.0306+0.32%
UMA
UMA$0.3074-1.03%
ELYSIA
EL$0.001284-3.60%

In the ever-changing crypto landscape, investors often find it challenging to accurately predict future market movements. In such situations, you may consider using a One-Cancels-the-Other (OCO) Order: simultaneously placing two orders in opposite directions to help seize opportunities in the market or avoid extreme downturns.

1. One-Cancels-the-Other (OCO) Orders Explained


OCO (One-Cancels-the-Other) orders, also known as selective entrustment orders, combine a stop limit order and a limit order into a single OCO order for placement. When the stop limit order is triggered, or when the limit order is executed / partially executed, the other order is automatically canceled. If either order is manually canceled, the corresponding order is simultaneously canceled as well.


OCO orders aim to secure better execution prices while ensuring buy/sell fulfillment. In spot trading, investors can utilize this trading strategy when they wish to set both a stop limit order and a limit order simultaneously.

2. Advantages of OCO Orders


2.1 Risk Control


Spot OCO orders allow investors to simultaneously set TP/SL orders and limit orders, thereby helping investors better control risk.

2.2 Mechanical Execution


Spot OCO orders are automatically executed by the trading system without the need for manual intervention by investors. This mechanical execution can assist investors in avoiding emotional decision-making and erroneous judgments, enhancing trading discipline.

2.3 Increased Efficiency


By employing an OCO order strategy in spot trading, investors can set both stop-loss and take-profit trigger prices and limit price simultaneously, eliminating the need to set two separate orders. This can save monitoring time and energy, leading to increased trading efficiency.

2.4 Avoidance of Overlapping Trades


A distinctive feature of spot OCO is that when one order is executed, the other order is automatically canceled. This helps avoid overlapping trades, preventing unnecessary risks.

3. Trading Scenarios


The OCO spot order strategy is suitable for trading scenarios that require flexibility in responding to market fluctuations, risk control, and mitigation of uncertainty.

3.1 Buying


  • Traders hope to buy at a lower cost during a pullback but fear missing out if there is no pullback and the price rises. Therefore, if there is no pullback and the price rises, the system needs to buy at the specified price.

  • In this case, the spot OCO order includes a stop-loss buy order and a limit buy order.

3.2 Selling


  • Traders believe there is still some upward potential from the interim high and want to sell at the highest point but fear a direct decline, resulting in profit loss. Therefore, if there is a direct decline, the system needs to sell at the specified price.

  • In this case, the spot OCO order includes a stop-loss sell order and a limit sell order.

3.3 Price Limitation


  • Sell Order: Price (Limit Order) > Current Market Price > Stop-Loss Trigger Price (TP/SL Order)

  • Buy Order: Price (Limit Order) < Current Market Price < Stop-Loss Trigger Price (TP/SL Order)

4. How to Place a OCO Spot Order?


4.1 MEXC Website


4.1.1 Log in to MEXC and Visit the Spot Trading Platform


After entering the official MEXC website, click on [Spot] to open the spot trading interface.


4.1.2 Confirming Buy/Sell Prices


Based on market analysis and your investment plan, determine at what price you want to buy/sell assets.

4.1.3 Setting Parameters


4.1.3.1 When Choosing to Buy Assets

You need to set both stop-loss and limit prices:

  • The stop-loss buy order is the price at which the asset will be automatically purchased when the price rises to a certain level.

  • The limit buy order is the price at which the asset will be automatically purchased when the price falls to a certain level.


4.1.3.2 When Choosing to Sell Assets

Similarly, you need to set both stop-loss and limit prices:

  • The limit sell order is the price at which the asset will be automatically sold when the price rises to a certain level.

  • The stop-loss sell order is the price at which the asset will be automatically sold when the price falls to a certain level.


4.1.4 Place Order


After confirming that the parameters are correct, submit the order.


4.1.5 Order Execution


Once the order is submitted, you need to closely monitor the market conditions. When the price reaches any of the conditions you have set, the system will automatically execute the corresponding buy/sell operation and cancel the other conditional order.


Note

  • In the spot OCO strategy, these two conditional orders will exist as a pair, and once one of the conditions is triggered, the other will be canceled.

  • Tutorials and guides may vary across different operating systems. Please refer to your actual operating system.

4.2 MEXC App


4.2.1 Log in to the MEXC Spot Trading Platform


After entering the MEXC App, tap [Trade] to open the spot trading interface.


4.2.2 Confirm Buy/Sell Prices


Based on market analysis and your investment plan, determine at what price you want to buy/sell assets.

4.2.3 Set Parameters


4.2.3.1 When Choosing to Buy Assets

You need to set both stop-loss and limit prices:

  • The stop-loss buy order is the price at which the asset will be automatically purchased when the price rises to a certain level.

  • The limit buy order is the price at which the asset will be automatically purchased when the price falls to a certain level.


4.2.3.2 When Choosing to Sell Assets

Similarly, you need to set both stop-loss and limit prices:

  • The limit sell order is the price at which the asset will be automatically sold when the price rises to a certain level.

  • The stop-loss sell order is the price at which the asset will be automatically sold when the price falls to a certain level.


4.2.4 Place Order


After confirming that the parameters are correct, submit the order.


4.2.5 Monitor Orders


Once the order is submitted, you need to closely monitor the market conditions. When the price reaches any of the conditions you have set, the system will automatically execute the corresponding buy operation and cancel the other conditional order.


Note

  • In the spot OCO strategy, these two conditional orders will exist as a pair, and once one of the conditions is triggered, the other will be canceled.

  • Tutorials and guides may vary across different operating systems. Please refer to your actual operating system.


5. Summary


Spot OCO (One-Cancels-the-Other) Orders are an investment trading strategy that involves setting two conditional orders, with one automatically canceling the other when one is executed. It is used for risk control and selecting entry points.

Risk Disclaimer: The advantage of the spot OCO strategy lies in its ability to help investors achieve risk control and automate trading. However, the disadvantage is that the strategy may not execute as expected due to intense market fluctuations. When employing an OCO order strategy for spot trading, it is essential to closely monitor market volatility and risks, ensuring that your trading strategy aligns with investment goals and risk tolerance.


Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consulting, or any other related services. It is not a recommendation to buy, sell, or hold any assets. MEXC Learn provides information for reference only and does not constitute investment advice. Please ensure a full understanding of the risks involved and invest cautiously. User investment activities are independent of this site.
Market Opportunity
Orderly Network Logo
Orderly Network Price(ORDER)
$0.0306
$0.0306$0.0306
+0.65%
USD
Orderly Network (ORDER) Live Price Chart

Related Articles

View More
MEXC On-Chain Daily Report: NYSE Chooses Avalanche for Tokenized Securities Clearing — Will Wall Street Move On-Chain Faster?

MEXC On-Chain Daily Report: NYSE Chooses Avalanche for Tokenized Securities Clearing — Will Wall Street Move On-Chain Faster?

Updated: November 10, 2026, 09:30 (UTC+8) | Author: MEXC Headlines River Markets affiliate completes CFTC futures commission merchant registration Qivalis receives electronic money institution

Author: MEXC
MEXC On-Chain Daily Report: Square Bitcoin Payments to Reach Over 4 Million Merchants — Will Bitcoin Payments Enter Mainstream Commerce Faster?

MEXC On-Chain Daily Report: Square Bitcoin Payments to Reach Over 4 Million Merchants — Will Bitcoin Payments Enter Mainstream Commerce Faster?

Updated: November 9, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Square Bitcoin payments to reach more than 4 million merchants b14g has recovered about 70.2% of the stolen CORE Russia to implement

Author: MEXC
Will Anthropic Join the Nasdaq-100 or the S&P 500? How Index Inclusion Works for ANT

Will Anthropic Join the Nasdaq-100 or the S&P 500? How Index Inclusion Works for ANT

Every large IPO brings the same follow-up question: will index funds have to buy it? For Anthropic, the answer depends on two very different rulebooks, the Nasdaq-100's and the S&P 500's. This guide

Author: MEXC Learn Team
What Is Anthropic Tokenized Stock? How It Works Before and After the ANT IPO

What Is Anthropic Tokenized Stock? How It Works Before and After the ANT IPO

"Anthropic tokenized stock" sounds like a share of Anthropic that lives on a blockchain. Before the ANT listing, it almost never is, and Anthropic itself has said why. This guide explains what

Author: MEXC Learn Team

Popular Articles

View More
Can You Trade Stock Futures on Weekends? What Happens to Liquidity When Wall Street Is Closed

Can You Trade Stock Futures on Weekends? What Happens to Liquidity When Wall Street Is Closed

It's Saturday morning, a headline about a company you follow has just broken, and the order book for its stock future on MEXC is open, so yes, you can trade stock futures on weekends. The better

Author: MEXC Learn Team
Top 1 for Whom? How to Judge Crypto Exchange Liquidity, With MEXC's Depth and Slippage Data

Top 1 for Whom? How to Judge Crypto Exchange Liquidity, With MEXC's Depth and Slippage Data

Every exchange with a marketing budget says its liquidity ranks first. The only ranking that pays you back is the price your own order fills at. This guide shows how to judge that yourself, using

Author: MEXC Research Team
Is Volume the Same as Liquidity? Order Book Depth Explained, From 0.01% to 0.10% Bands

Is Volume the Same as Liquidity? Order Book Depth Explained, From 0.01% to 0.10% Bands

You pick a contract for its huge 24-hour volume, hit buy at the market, and the fill lands above the price you saw. Volume told you the market was busy; order book depth tells you what you can trade

Author: MEXC Learn Team
Why Does a $100K Order Fill Worse Than $10K? Slippage in Futures Trading Explained

Why Does a $100K Order Fill Worse Than $10K? Slippage in Futures Trading Explained

You see a price, you hit sell, and the fill comes back a shade worse than the screen said. That gap is slippage in futures trading, and it grows with order size, so a $100,000 order rarely fills the

Author: MEXC Learn Team

Hot Crypto Updates

View More
How to Buy Monero (XMR)? Step-by-Step Guide with MEXC 0% Spot Fees and 4 Payment Methods Compared

How to Buy Monero (XMR)? Step-by-Step Guide with MEXC 0% Spot Fees and 4 Payment Methods Compared

Overview The fastest and most cost-effective way to buy Monero (XMR) is to complete Primary or Advanced KYC verification on MEXC, fund your account with USDT or USDC via the 0%-fee P2P escrow

Author: MEXC Editorial Team
Best Exchanges for Stock Perpetual Liquidity: Five Platforms Compared with MEXC Leading 0.01% Depth at $0.52M

Best Exchanges for Stock Perpetual Liquidity: Five Platforms Compared with MEXC Leading 0.01% Depth at $0.52M

Overview Across the five major centralized exchanges offering stock perpetual futures, MEXC ranks first in 0.01% (1 basis point) near-touch cumulative median order book depth at $0.52 million

Author: MEXC Editorial Team
Why Is MEXC the Best Exchange for Trading Silver Futures? 0.002% Slippage, $2.39M Near-Touch Depth, and 24/7 Zero-Fee Execution

Why Is MEXC the Best Exchange for Trading Silver Futures? 0.002% Slippage, $2.39M Near-Touch Depth, and 24/7 Zero-Fee Execution

Overview MEXC ranks as the best exchange globally for trading silver (XAG) perpetual futures because it achieved the lowest large-order slippage and deepest silver-specific near-touch order book

Author: James Mitchell
MEXC vs Hyperliquid Liquidity: $21.03M Near-Touch Depth, 10x Tighter Spreads, and Bitcoin and Ethereum Futures Compared

MEXC vs Hyperliquid Liquidity: $21.03M Near-Touch Depth, 10x Tighter Spreads, and Bitcoin and Ethereum Futures Compared

Overview In Bitcoin (BTC) and Ethereum (ETH) perpetual futures execution, MEXC ranks first among nine major exchanges in 0.03% near-touch order book depth at $21.03 million, holding 36.20% ($5.59

Author: James Mitchell

Trending News

View More
Hyperliquid HIP-3: Can Payward Bring Perps to the US?

Hyperliquid HIP-3: Can Payward Bring Perps to the US?

Payward, the parent company of Kraken, is pursuing a regulated pathway for bringing onchain perpetual futures to U.S. customers through Hyperliquid's HIP-3* infrastructure. The company announced its p

Does the Binance Security Incident Put Your Ethereum Wallet at Risk? EIP-7702 and Wallet Delegation Explained

Does the Binance Security Incident Put Your Ethereum Wallet at Risk? EIP-7702 and Wallet Delegation Explained

The Binance security incident on October 30, 2026 has pushed a relatively technical Ethereum feature into a much broader security discussion: EIP-7702 wallet delegation. For ordinary Ethereum users, h

What Role Did EIP-7702 Authorizations Play in the Binance Hack?

What Role Did EIP-7702 Authorizations Play in the Binance Hack?

That detail quickly pushed EIP-7702 into the center of the discussion. The Ethereum account-delegation mechanism allows a normal externally owned account, or EOA, to temporarily execute smart contract

Major Crypto Exchange Hack: How $3 Billion Was Frozen After a $6.3 Billion Security Incident

Major Crypto Exchange Hack: How $3 Billion Was Frozen After a $6.3 Billion Security Incident

A major crypto exchange reported a $6.3 billion security incident. See how the platform responded and how the industry helped freeze funds.

Sign Up on MEXC
Sign Up & Receive Up to 10,000 USDT Bonus
Share 1,000,000 USDT
Share 1,000,000 USDTShare 1,000,000 USDT
Futures loss coverage + $5K gold bar grand prize

Join the MEXC Community

Get the latest listings, events, and updates in real time, straight from our official Telegram channel.

25k+ members

Futures

BTC/USDT
ETH/USDT
GOLD(XAU)/USDT
Community
About
About MEXC
Why MEXC
Proof of Trust
MEXC Verify
MEXC Community
MEXC Event Map
MEXC Ventures
MEXC Foundation
Contact Us
Brand Guidelines
Products
MEXC 0 Fees
Spot
Futures
On-Chain
Buy Crypto
P2P
Convert
Pre-Market
RealStocks
Spot Grid
DCA
Copy Trade
Demo Trading
Earn
Loans
Trading Fees
MEXC AI
TradingView
Partnerships
Affiliate Program
Referral Program
P2P Merchant Program
Listing Application
Institutional Services
API Services
Partner Links
Resources
Help Center
Live Support
Submit a Ticket
Announcement Center
Alpha Trader
Learn
MEXC Blog
Crypto News
All Crypto Prices
How to Buy
Crypto Converter
Give Feedback
Sitemap
Crypto Tax
Stocks Info
Legal & Compliance
User Agreement
Privacy Policy
Risk Disclosure
Report Abnormal Funds
OTC Consultation
Judicial Assistance