There are edge cases, for example, illiquid scrips where LTP could be different from the actual market price. But something like this is on our list of things to do.
Agreed but the strategy is only for liquid instruments & not applicable for others.
Even in liquid instruments when markets are extremely volatile (in options), market protection orders turning into pending limit orders usually end up causing issues for us. But this is on our list of things to do.
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Any updates on this topic?
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The primary benefit of a market order is that it may be executed promptly by your broker because it instructs the broker to purchase the underlying security at the best available market price.
