I am looking for a good order management strategy which can cancel current open order and place new order.
Example:
I placed an order EnterLongLimit when Close[0] > SMA(5)[0] is true
Before order is filled, condition reverses and I want to cancle EnterLongLimit and place a EnterShortLimt order.
Similarly, if ExitLongLimit order is open and I want to place a EnterShort order
I hope you get the point. A strategy that considers all possibilities.