What does Conditional Orders OCO/OSO mean?

Anny, the smart trading platform, supports both OCO (Order Cancels Order) and OSO (Order Sends Order) functionalities. These features are seamlessly embedded in Anny's algorithm, making it easy and straightforward for users to utilize them without worrying about complicated terms and actions.

• The OCO functionality in Anny is utilized in the Trailing Take Profit feature. When a target price is reached or the target profit percentage is met, all stop-orders will be canceled to free up the signal balance. At the same time, trailing stop orders will be automatically placed.
• On the other hand, the OSO functionality is employed in the Auto Stop feature. When the auto invest order is fulfilled, Anny will automatically submit the stop-limit order based on your auto stop settings. Additionally, when you make a new manual entry order, Anny will offer you the option to link the order with auto stop, and if you accept, the OSO mechanism will be applied to the new order as well.

It's important to note that Anny has its internal OCO functionality and does not make use of Binance's OCO functionality. This approach ensures minimal interference with the signals and allows Anny to manage OCO orders on its side efficiently.

With Anny's built-in OCO and OSO functionalities, traders can effectively manage their orders, implement complex trading strategies, and benefit from features like Trailing Take Profit and Auto Stop to enhance their trading experience and improve risk management.