limit Order Rejected by IB - Send again and again by MC

rondot samuel ws · Postby **rondot samuel ws** » 01 Jul 2010

Hi,

I have a signal with order limit on GBL (Bund futures)

If the limit price is to far, the order is rejected/canceled by IB.

The problem is MC send again and again the same order every second for hours to IB.

May be if order is rejected because price is too far, it's better to send order not so often ?

Regards

Dave Masalov · Postby **Dave Masalov** » 15 Jul 2010

Dear rondot samuel ws,

Sending of the order depends on your script. If your code sends the order on every new calculation, then the order is sent to a broker.

rondot samuel ws · Postby **rondot samuel ws** » 10 Dec 2010

the order is not send again but my code. But It's cancel by IB (price too far or something similar) so MC send it again and again to IB after each cancel.

So it can send it every 2-3 seconds or more often...

Dear rondot samuel ws,

Sending of the order depends on your script. If your code sends the order on every new calculation, then the order is sent to a broker.

SUPER · Postby **SUPER** » 10 Dec 2010

Dave, is absolutely correct and that is how it is supposed to work, if condition is true within a given bar then the order has to remain live.

You can achive what you are looking for by sending order when limit price is close or within limits of IB requirements and you have to control it through your script.

Dave Masalov · Postby **Dave Masalov** » 10 Dec 2010

the order is not send again but my code. But It's cancel by IB (price too far or something similar) so MC send it again and again to IB after each cancel.

So it can send it every 2-3 seconds or more often...

Dear rondot samuel ws,

Please post the line of the code which sends the order.

limit Order Rejected by IB - Send again and again by MC

limit Order Rejected by IB - Send again and again by MC

Re:

Re: limit Order Rejected by IB - Send again and again by MC

Re: limit Order Rejected by IB - Send again and again by MC