OCO (One-Cancels-the-Other)

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OCO (One-Cancels-the-Other) is an advanced trading order type that links two conditional orders. When one order is executed, the other is automatically canceled. This tool allows traders to manage risk and lock in profits by setting both a take-profit and a stop-loss level at the same time. It’s a favorite among experienced traders because it combines automation with precision, ensuring you never have to monitor every price movement manually.