Stop entry in live rejected

• 05/22/2018 at 10:03 AM #71082
  Dymjohn

  Hi

  Yesterday, I had two separate strategies fall over with the description “Rejected: Order level too close to market”. The formulas used for these two strategies was

  BuyPrice = High[0]+1.1*pointsize  -5min

  and the second

  BuyPrice – High[0]+2*pointsize – 4Hr

  They were both on the Dax in normal trading hours.

  Can you help, is this a coding or system problem?

  regards

  Dymjohn

  

  Dymjohn

  Participant

  Topics: 16

  Replies: 43

  Been thanked: 4 times
  05/22/2018 at 10:04 AM #71083
  Nicolas

  The minimal stop distance with DAX is 5 points, if I remember correctly.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20874

  Been thanked: 4801 times
  05/22/2018 at 11:15 AM #71088
  Eric

  whit monday

  http://www.xetra.com/xetra-en/newsroom/trading-calendar

   

  

  Eric

  Participant

  Topics: 18

  Replies: 441

  Been thanked: 84 times
  05/22/2018 at 4:05 PM #71114
  Dymjohn

  This was a “stop entry” not a “stop loss” order so would have thought would have gone through possibly at an inferior price?

  

  Dymjohn

  Participant

  Topics: 16

  Replies: 43

  Been thanked: 4 times
  05/22/2018 at 4:09 PM #71115
  Dymjohn

  Thanks Eric

  

  Dymjohn

  Participant

  Topics: 16

  Replies: 43

  Been thanked: 4 times
  05/22/2018 at 4:14 PM #71118
  Nicolas

  Even with a “stop entry”, you must place your order at a minimal distance away from current Close, otherwise your orders will be rejected.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20874

  Been thanked: 4801 times
  05/23/2018 at 8:10 AM #71139
  Vonasi

  Just use MAX to ensure you are never too close:

  MinStopDistance = 5 StopLoss = MAX(MinStopDistance, Your calculated stoploss distance)

  1 2 3

  MinStopDistance = 5   StopLoss = MAX(MinStopDistance, Your calculated stoploss distance)

   

  1 user thanked author for this post.

  robertogozzi

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
• Author
  Posts