If you are going to be monitoring the position yourself you just have to change the price on the stop order - you don't have to cancel and submit a new one.
Just send another PlaceOrder with everything the same as the original stop order except the new price. This will adjust the stop price.
You might look into IB's algo order types, they might have something that would work and then it would be handled on IB's end.
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On 3/4/2022 12:05 AM, David Walker wrote:
Does anyone have experience in the mechanics of maintaining a converging trailing stop via the API?
