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Rejected at RMS - Total sell quantity of contract would exceed its limit


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Rejected at RMS - Total sell quantity of contract would exceed its limit

  #1 (permalink)
Intricate
Vancouver, Canada
 
Posts: 18 since Jan 2017
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Hello, I trade ES and I just started a demo account on NT7 through TopStepTrader to practice for its combine.

I am totally new to this platform and was wondering if anyone could help me with a couple things?

First, when I go to place limit orders and stop limit orders, it says this message "Rejected at RMS - Total sell quantity of contract would exceed its limit affected order. Sell limit @ (it says here whatever price you tried to place the limit at).
I'm not sure what that means exactly and was hoping for some clarification? Thanks

Also, are you able to place limit orders outside of the DOM and if so, how do you do that because the only way I can see to do it, is through placing them within the prices that are shown on their DOM.

Thanks, any help would be greatly appreciated

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 rleplae 
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Intricate View Post
Hello, I trade ES and I just started a demo account on NT7 through TopStepTrader to practice for its combine.

I am totally new to this platform and was wondering if anyone could help me with a couple things?

First, when I go to place limit orders and stop limit orders, it says this message "Rejected at RMS - Total sell quantity of contract would exceed its limit affected order. Sell limit @ (it says here whatever price you tried to place the limit at).
I'm not sure what that means exactly and was hoping for some clarification? Thanks

Also, are you able to place limit orders outside of the DOM and if so, how do you do that because the only way I can see to do it, is through placing them within the prices that are shown on their DOM.

Thanks, any help would be greatly appreciated

1. Which combine did you subscribe ?
How many contracts is the order you are trying ?

2. you can enter orders on the chart trader, open a chart, click on the logo on the top banner
use the buttons on the right
or use the mouse anywhere on the chart and click right, select the right order

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  #3 (permalink)
Intricate
Vancouver, Canada
 
Posts: 18 since Jan 2017
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1. I subscribed to the 150k one and I am trying 10 contracts on the limits that I am attempting to place.
As the max position size you can have is 15 contracts, does that mean I can't have 2 limits set up of 10 contracts?

Thanks!

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 rleplae 
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Intricate View Post
1. I subscribed to the 150k one and I am trying 10 contracts on the limits that I am attempting to place.
As the max position size you can have is 15 contracts, does that mean I can't have 2 limits set up of 10 contracts?

Thanks!

That is correct, you can have only a total of 15 open positions (orders + positions)
any attempt to add an order that theoretical would put you above the 15 will be rejected

I think (but i'm not sure), if you reverse a position of 15 contracts, it will be refused also
because a reverse is, if you are short, a buy long of 30, you would have to close and
then do the 15, reversing 7 would work..., as 2 x 7 is 14 and still below the 15, provided
that you have not more than 1 other contract open maximum

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Intricate View Post

Also, are you able to place limit orders outside of the DOM and if so, how do you do that because the only way I can see to do it, is through placing them within the prices that are shown on their DOM.

Right click in the SuperDOM and disable "Auto Center", then you can scroll to whatever price you wish to submit your order at.

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  #6 (permalink)
Intricate
Vancouver, Canada
 
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Thanks guys, much appreciated! Helped a lot!

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  #7 (permalink)
Intricate
Vancouver, Canada
 
Posts: 18 since Jan 2017
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Also, how much slippage is there on ES? I'm not sure if that's just NT7 or I'm closing my positions wrong

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rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
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Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
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Intricate View Post
Also, how much slippage is there on ES? I'm not sure if that's just NT7 or I'm closing my positions wrong

What contract are you trading ? the current front month is March 2017
The spread is currently one tick, being 0.25

What data-source are you using ?

Open time & sales window, and you will see if there is a lag on your data

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