I am using the Order Management Approach, with SetStopLoss, SetProfitTarget, and Entry Limit orders.
I understand the SetStopLoss and SetProfitTarget behance as OCO orders.
I am concerned what happens if price actions moves so fast and my profit target or stop loss price order is skipped. This happens alot on the /CL market.
I understand that SetStopLoss orders are entered as stop loss market orders.
For example, if my SetStopLoss is set at 50.78 ans SetProftTarget was set at 51.00. Example if for the long position case.
1. What happens if price jumps below the stop loss order to 50.75? Will the order trigger at best price?
2. What happens if price jumps above profit target order to 51.05? Will the order trigger at best price?
Thanks
Comment