I am using a managed approach for now, and have the system issue a stop order immediately following the entry.
But sometimes, the market activity is so rapid that I get the error that the price is already above the stop level I was trying to set.
I am wondering what path I should take to deal with this ?
I do know about catching this in the OnOrderUpdate with OrderState.Rejected.
I am asking what is the better practice in handling it? I dont want to exit the position right away.
so do I resubmit ? what other logic can I use ?
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