MEXC Launches OCO Order Type
Dear MEXCers,
To meet the diverse trading needs of users, MEXC has launched the OCO (One Cancels the Other) order type on the Web. App clients will have the OCO order type enabled at a later date. Please stay tuned.
Tokens currently supported by OCO: BTC, ETH
OCO is a pair of orders combining a stop-limit order and a limit maker order on the same side, with the same quantity. When the stop limit order is triggered (either one of the orders is executed or partially executed), the other one is automatically canceled. If either one of the orders is manually canceled, the other one will also be canceled at the same time.
The operation process is as follows (taking the BTC/USDT spot trading pair as an example):
Step 1: Enter the BTC/USDT spot trading page, find "Stop Limit," click the "dropdown" button next to "Stop Limit" and then Click "OCO."
Step 2:
- When buying：
According to your trading needs, you need to fill in the Limit Price, Trigger Price, Market Price, Amount (BTC), and Total Amount (USDT), and then click "Buy BTC"
Requirements for placing orders: Limit Price < Market Price< Trigger Price (Stop Limit Order)
- When selling：
According to your trading needs, you need to fill in the Limit Price, Trigger Price, Market Price, Amount (BTC), and Total Amount (USDT), and then click "Sell BTC"
Requirements for placing orders: Limit Price > Market Price> Trigger Price (Stop Limit Order)
Step 3: After placing orders, you can click "Open Orders" to check your order.
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Enjoy trading on MEXC.
The MEXC Team
24 November 2023