How to place an OCO order?

An OCO order lets you place take profit and stop loss orders at the same time in a single action. When one of the two conditions is triggered, the other is canceled automatically. This order type is available on wider screens, in both views of the buy/sell page.

What is an OCO order?

OCO (One-Cancels-the-Other) is an order type that lets you place two conditional orders at the same time in a single action: a take profit (TP) order and a stop loss (SL) order. If the price reaches the take profit level you set, the take profit order is executed; if it reaches the stop loss level, the stop loss order is executed. When one is triggered, the other is canceled automatically.

When is it used?

• When you want to set both a profit target and a loss limit for an asset you hold
• When you want to define your target and risk levels in advance without following the market constantly
• When you want to trade automatically depending on which way the price moves

How do I place an OCO order?

On the buy/sell page, choose the OCO order type in the order form, enter the take profit and stop loss trigger prices, choose an order type (Limit or Market) for each one, then enter the amount and place your order. When one of the two conditions is triggered, the related order is executed and the other is canceled.

Before you start

• Your account verification must be complete
• You need a wider screen; this order type is not offered in the mobile layout
• Depending on the market you choose, you need enough TRY or USDT balance to buy, or enough crypto asset balance to sell

Steps

1. Open Paribu.com and choose a view from the Crypto buy/sell menu in the top navigation
2. Choose the market you want to trade in from the market selector at the top of the page
3. Set your direction in the buy or the sell form. If the Advanced view shows a single form, use the Buy / Sell tabs at the top of it
4. Choose OCO as the order type
5. Enter the trigger price of the take profit order in the TP - condition field
6. Choose the branch type for the take profit order with the arrow in the Price field: with Limit an order is created at the price you set, and with Market the order is executed instantly at the best market price
7. Enter the trigger price of the stop loss order in the SL - condition field and choose its branch type the same way
8. Fill in the Amount field; the Max. buy or Max. sell value in the form shows the largest trade your balance allows
9. Click Buy {asset} or Sell {asset} to place your order

Note: To compare the order types, you can click the Learn about order types link in the order type selector

What it means on the buy and sell sides

Take profit and stop loss levels are both trigger prices, and their meaning changes with the direction of the trade. These orders can be used to sell the asset you hold as well as to open a new position.

Direction	Take profit	Stop loss
Buy	You buy if the price falls, entering at a better level	You buy if the price rises, so you do not miss the move
Sell	You sell if the price rises, taking the profit you targeted	You sell if the price falls, limiting your loss

Note: When the trigger price is reached, your trade is executed instantly if you chose the Market type, or sent to the order book at the price you set if you chose the Limit type

Managing an OCO order

When you place an OCO order, the two orders work together. When the price reaches one of the conditions, the related order is executed and the other is canceled automatically. You can follow your order in the Open orders section of the page; the trigger values appear in the list as TP trigger and SL trigger. You can cancel the order with the Cancel option before either condition is triggered.

Things to know

• The minimum trade amount is ₺100 in TRY markets and 1 USDT in USDT markets
• OCO orders are available in both the Paribu standard and Industry advanced views; the difference between the two views is the layout
• If your screen is narrow (below roughly 992 pixels) the page switches to the mobile layout and this order type is not in the list
• Both the take profit and the stop loss condition must be set; when one is triggered, the other is canceled
• The triggered order is charged the maker or the taker rate depending on your Limit or Market choice and on whether it is added to the order book
• Your balance is blocked until your order is triggered

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Frequently asked questions

What is the difference between an OCO order and a conditional order?

A conditional order contains a single trigger condition. An OCO order contains two conditions at the same time — take profit and stop loss — and cancels one when the other is triggered. This lets you set both a profit target and a loss limit in a single action.

What happens to the other condition when one is triggered?

When either the take profit or the stop loss condition is triggered, the related order is executed and the other is canceled automatically. This prevents two orders for the same asset from being filled together.

What do TP and SL stand for?

TP stands for take profit and SL for stop loss. In the order form the condition fields are TP - condition and SL - condition, and in the open orders list they appear as TP trigger and SL trigger.

Can I cancel my OCO order?

You can cancel your OCO order with the Cancel option in the Open orders section before either condition is triggered. The balance blocked by a canceled order is returned to your available balance. For details, see How do I cancel open orders?.

Why can I not see the OCO order?

This order type is offered on wider screens. When your browser window narrows or you open the website on a phone, the order type list keeps only Limit, Market and Stop. You can widen the window or use the mobile app.

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Related articles

• How to place a conditional (stop) order? — Automatic orders with a single condition
• How to place an advanced limit order? — Post only, IOC and FOK conditions
• How to place a limit order? — Setting your own price
• Industry advanced view — Trading with a wider chart and depth
• How do I cancel open orders? — Single and bulk cancellation

An OCO order lets you place take profit and stop loss orders at the same time in a single action. When one of the two conditions is triggered, the other is canceled automatically. This order type is available in Pro buy/sell and Depth view.

What is an OCO order?

OCO (One-Cancels-the-Other) is an order type that lets you place two conditional orders at the same time in a single action: a take profit (TP) condition and a stop loss (SL) condition. If the price reaches the take profit level you set, the take profit order is filled; if it falls to the stop loss level, the stop loss order is filled. When one of the two conditions is triggered, the other is canceled automatically, so you do not need to track two separate orders for the same asset by hand.

When is it used?

• When you want to set both a profit target and a loss limit for an asset you hold
• When you want to define your target and risk levels in advance without following the market continuously
• When you want to trade automatically depending on which of two directions the price moves in

How do you place an OCO order?

To place an OCO order, your view must be Pro buy/sell or Depth view. Choose OCO on the Select order type screen of the order form, set the take profit and stop loss conditions, enter the amount and place your order. When one of the two conditions is triggered, the related order is filled and the other is canceled.

Before you begin

• Your account verification must be complete
• Your view must be Pro buy/sell or Depth view; this order type is not available in easy buy/sell. To change the view, see Pro buy/sell view
• Depending on the pair you select, you need a sufficient TRY or USDT balance to buy, or a sufficient crypto asset balance to sell

Steps

1. Tap the asset you want to trade from the Markets tab or from the asset list on the Wallet tab
2. Tap Buy / Sell on the asset detail screen that opens
3. The screen opens with the asset you selected. To trade a different asset, tap the pair label at the top left (for example BTC/TRY) to open the asset search screen
4. Choose your trade direction with the Buy / Sell selector at the top of the order form
5. Tap the order type field and choose OCO on the Select order type screen that opens
6. Enter the condition price for the take profit condition and select the type of order that will be created when this condition is triggered (Limit or Market)
7. Enter the condition price for the stop loss condition and select the type of order that will be created when this condition is triggered (Limit or Market)
8. Enter the amount. The Max. buy or Max. sell value shows the largest trade you can make with your balance
9. Tap the action button (for example Buy BTC or Sell BTC) to place your order

Note: If you want to compare order types, you can tap the Learn about order types link on the Select order type screen.

What they mean on the buy and sell side

Both the take profit and stop loss levels are trigger prices, and their meaning changes according to the trade direction. These orders can be used to sell an asset you already hold as well as to open a new position.

Trade direction	Take profit	Stop loss
Buy	You buy if the price falls, entering at a better level	You buy if the price rises, so you do not miss the move
Sell	You sell if the price rises, taking the profit you targeted	You sell if the price falls, limiting your loss

Note: When the trigger price is reached, your trade can be executed instantly with a market order or processed at the limit price you set. The limit price can be either below or above the trigger level.

Managing your OCO order

When you place an OCO order, the take profit and stop loss conditions work together. When the price reaches one of these conditions, the related order is filled and the other condition is canceled automatically. You can follow the status of your order on the Open orders tab and cancel it before either condition is triggered.

Important information

• The minimum order amount is TRY 100 for TRY pairs and 1 USDT for USDT pairs
• OCO orders can be used in Pro buy/sell and Depth view, not in easy buy/sell
• Both the take profit and stop loss conditions must be set; when one of the two is triggered, the other is canceled
• The order created by the triggered condition is treated with the maker or taker fee rate depending on your Limit or Market selection and on whether it is added to the order book
• The related part of your balance is blocked until your order is triggered

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Frequently asked questions

What is the difference between an OCO order and a stop order?

A stop order contains a single trigger condition. An OCO order contains two conditions at the same time (take profit and stop loss); when one is triggered, the other is canceled automatically. This way you can set both a profit target and a loss limit in a single action.

What happens to the other condition when one is triggered?

When one of the take profit or stop loss conditions is triggered, the related order is filled and the other condition is canceled automatically. This prevents two orders for the same asset from being filled together.

Can I cancel my OCO order?

You can cancel your OCO order before either condition is triggered by tapping the trash icon in the order row on the Open orders tab. The balance blocked by a canceled order is returned to your available balance. For details, see How do I cancel open orders?.

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Related articles

• How to place a conditional (stop) order? — Placing a stop order
• How to place an advanced limit order? — Limit orders with Post Only, IOC and FOK
• How to place a limit order? — Placing a limit order
• Depth view — Trading in the Depth view
• How do I cancel open orders? — Cancelling open orders