Post
Topic
Board Trading Discussion
Re: A quick question about setting limit orders on an exchange.
by
Bitcoin_Arena
on 16/04/2021, 23:22:07 UTC
I want to program a sell order for x amount of coins for when/if the amount of dogecoin I have reaches .45/coin...but at the same time, I would like to program an automatic sell order where I sell all my doge if it dips below .30/coin in order to prevent epic losses.

Can I do both at the same time? If so, how do I do that on binance.us market exchange?
Yes you can with OCO Order(One Cancels-the-Other Oder)

I just checked out Binance.us and that option is under the stop limit order once you click on the small down facing arrow

This video should be able to guide you with OCO order and how to set it up - https://academy.binance.com/en/articles/what-is-an-oco-order. If you have any questions, don't hesitate to ask.