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).
Im just doing spot, as I dont know how futures work too well so if you dont understand then you dont invest.
Also is there a way when you place an order for coinbase for it to automatially show it on your andles and to put your tpsl on the candles and prie so a quik glae shows how lose you are, so you dont have to write down and keep checking the orders box..
But I always do have to write dow because I pull up open orders I cant see my entry point. No logic! I wouldnt even buy a tpsl if I didnt see a good limit price to get it.
Its like I have to check my CB account every hour to see if I hiy my target or if its time to dump so I dont lose my liquidity.