Detailed Explanation
Why It Matters:
Automates risk-reward management in one setup; prevents emotional overrides and ensures disciplined exits without constant monitoring.
How It Works:
Submit both orders linked; whichever triggers first (e.g., price hits TP or SL) executes and cancels the counterpart.
Common Mistakes:
Setting unrealistic levels (one side never triggers); not adjusting for volatility.
FAQs
Same as bracket?
Often yes — many platforms call bracket OCO + entry.
Works on spot?
Yes on many CEX now.
