So my idea to have my cash buy at $10 when the coin is bouncing between 5-15 but I dont want to stay up late to watch 247 for it to go down to 10$
So after its limit order buys at 10 I want it to tp at 20 and sl at 8
coinbase pro
Using OCO I have to already buy yhe cryptocoins?
Im trying to keep my liquidity instead of buy coins for tpsl but I screwed if I buy in the bear market and my coins dont rebound for a monyh or longer.
Are you trading with spot or futures?
Because the OCO is for spot, the sell option in OCO will only work if you already have the crypto you are willing to sell; it acts like take profit or stop loss, while the buy option, if you have funds in USDT with the pair BTCUSDT, then it would buy.
Based on your sample above, I think the limit order is enough with the advanced TP/SL.
Your setup should be like this
Price: $10
Take Profit: $20
Stop-loss: $8
From $5 once it hits $10 it will buy at that price with sell order at $8 and $20 any of this hits the total amount you buy from $10 will be sold at that price($8 or $20).