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Rolled back orders
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Rolled back orders

  #1 (permalink)
Elite Member
Hampshire/England
 
Futures Experience: Intermediate
Platform: Ninja Trader, Multicharts
Favorite Futures: Futures
 
Posts: 2 since May 2015
Thanks: 0 given, 0 received

Rolled back orders

Hi, when I place an order with Multicharts with the Bracket order strategy or even without any strategy, and then if I am gaining and I would like to drag the stop loss over benefits, sometimes automatically pulls back the stop loss to its original position. I asked the technical support of MC why is this, and they said: "You are trying to place the buy stop order below the actual market price which will result in immediate execution. In case of CQG brokerage such order modification will not be accepted:

If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.

If a stop order is adjusted manually or by your script to the price equal to current market price or better (guaranteed to be executed), the order wonít be converted into market order. It will be rolled back."

My questions are:

1) Does Ninja Trader with Ninja Trader Brokerage and Continuum as the data provider have the same problem?
2) Is there a way to be able to move manually the stop loss over the price entry to protect benefits gained so far, with Multicharts and CQG without having it moved back automatically?

Many thanks,
Mariana

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