What should limit bid be in robot?
I've been using bid minus .01 as the price I'm offering in my limit orders. However I also have a very tight stop, .3%, and this has been generating an error: stop must be below current bid. Sometimes this has resulted in no stop being placed in a live order--with me suddenly wondering why i'm losing so much without the trade ending.
To try and fix this, I've changed the stop to a penny amount instead of a percent. For example, for stocks that trade at $5-7, I'm using bid minus 1 cent, and a 2 cent stop.
Can you advise me on this? Thanks,Russell
